Airborne Wind Turbine Market (Technology - Larger Turbines (Above 3MW), and Smaller Turbines (Below 3MW); Application - Offshore, and Onshore): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on airborne wind turbine market provides in-depth analysis of segments and sub-segments in the global as well as regional airborne wind turbine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional airborne wind turbine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global airborne wind turbine market.

Market Insight:

The global airborne wind turbine market was valued at more than USD 115 million in 2022 and is expected to reach above USD 327 million in 2030, with a CAGR of over 12% during the forecast period 2023-2030.

An airborne wind turbine is a design concept for a wind turbine with a rotor supported in the air without a tower, thus benefiting from the higher velocity and persistence of wind at high altitudes, while avoiding the expense of tower construction, or the need for slip rings or yaw mechanism. An electrical generator that is airborne. Challenges include safely suspending and maintaining turbines hundreds of meters off the ground in high winds and storms, transferring the harvested and/or generated power back to earth, and interference with aviation. Wind turbines are utilized to transform the kinetic energy of the wind into mechanical energy, which is then transformed into electrical energy utilizing generators, it is possible to generate wind energy. It is a reliable and less variable source of renewable energy.

The growth of airborne wind turbines is majorly driven by the increasing demand for electricity across the world and growing investment in renewable power generation projects. Additionally, the governments of various countries taking initiatives In the form of financial support to boost the development of such projects which also plays a major role in driving the growth of the market. Airborne wind harnesses energy without the high cost, material-heavy towers and foundations reducing its financial and environmental impacts. The high fluctuation of wind power and the possibility of accidents are expected to hinder the market growth. Moreover increasing investments in research and development are being made to design more reliable airborne wind turbines also it may create lucrative opportunities for the market in the forecast period. Also, the rising population upswing in the demand for energy will further create ample growth opportunities for the market.

Geographically, the global airborne wind turbine market is divided into North America, Europe, Asia Pacific, and Row. Europe holds a significant market share in the global airborne wind turbine market. Due to increasing demand for electricity and increasing investment in green energy projects along with government positive initiatives, Europe expected to market growth. The Asia Pacific anticipated significant growth because of the high production of wind energy and the high demand for energy from countries including India, China, and Japan. Additionally, North America is also expected to have significant growth. The fluctuating costs of fuel derived from non-renewable sources, and favorable government regulations, help to boost the demand for energy which is expected to drive the market growth.

Report Scope of the Airborne Wind Turbine Market:

Segment Covered

The report on global airborne wind turbine market covers segments such as technology, and application. On the basis of technology, the sub-markets include larger turbines (above 3MW), and smaller turbines (below 3MW). On the basis of application, the sub-markets include offshore, and onshore.

Companies Profiled:

The report provides profiles of the companies in the market such as Vestas, NORDEX SE, General Electric, Siemens Gamesa Renewable Energy, S.A., Senvion, United Power, Envision Group, goldwind.com, ACCIONA Experience, and Kitepower.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the airborne wind turbine market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.