In this report, LP Information covers the present scenario with the base year being 2017 and the growth prospects of global Vertical Axis Wind Turbine market for 20182023.
Verticalaxis wind turbines VAWTs are a type of wind turbine where the main rotor shaft is set vertically and the main components are located at the base of the turbine. This arrangement allows the generator and gearbox to be located close to the ground, facilitating service and repair. VAWTs do not need to be pointed into the wind, which removes the need for windsensing and orientation mechanisms. Vertical axis wind turbines offer several potential advantages over the standard horizontal axis wind turbines which are now in common use worldwide.
The US and Europe are the major suppliers of vertical axis wind turbine and also the major consumption markets. In the US, the large land makes it expansive to connect the remote villages into grid. And there is also massive wind power resource, which drive the development of vertical axis wind turbine industry.
China is another major consumption market. Due to the supportive policies established in recent years, the wind power industry is fast developing. In China, the added capacity of wind turbine is more than 100 megawatts in 2014, while most of them are horizontal axis wind turbines.
Over the next five years, LPILP Information projects that Vertical Axis Wind Turbine will register a 4.4% CAGR in terms of revenue, reach US$ 16300 million by 2023, from US$ 12600 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Vertical Axis Wind Turbine market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Darrieus
Savonius
Segmentation by application:
Residential
Commercial and Industrial
Fishery and Recreational Boats
Hybrid Systems
Pastures, Farms and Remote Villages
Potable Systems for Leisure
Pumping
Desalination and Purification
Remote Monitoring
Research and Education
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
UGE
Helix Wind
Wind Harvest
Astralux
Kliux Energies
Sycamore Energy
Ropatec
Arborwind
Quietrevolution
Turbine
Luethi Enterprises
Aeolos
Oy Windside Production
Eastern Wind Power
Windspire Energy
SAW
Ningbo Fengshen
MUCE
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Vertical Axis Wind Turbine consumption value volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Vertical Axis Wind Turbine market by identifying its various subsegments.
Focuses on the key global Vertical Axis Wind Turbine manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vertical Axis Wind Turbine with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of Vertical Axis Wind Turbine submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.