Lateral Axis Wind Turbine Market

Lateral Axis Wind Turbine Market Size (2024 - 2029):

The Global Lateral Axis Wind Turbine Market was worth US$ 4.52 billion in 2023 and is anticipated to reach a valuation of US$ 6.13 billion by 2029 and is predicted to register a CAGR of 6.27% during 2024-2029.

The worldwide market for wind energy is undoubtedly one of the most studied and dynamic areas in the renewable energy sector. Experiments with the blades of a wind turbine in terms of shape, size, direction of rotation, material, and other aspects that have a direct impact on the efficiency of a wind turbine are taking place at a dizzying pace in the market. worldwide. The efficiency range of wind turbines is constantly expanding and new technologies are escalatingly recognized by public and private funders. The type of wind turbine in which the main rotor shaft is positioned transversely to the wind, but not necessarily vertically, while the main components are located at the base of the wind turbine, is known as a vertical axis wind turbine.

This vertical axis arrangement in the turbine allows the generator and reducer to be positioned as close to the ground as possible, thus facilitating maintenance and repair operations. In these types of turbines, the turbines do not need to be pointed into the wind, thus eliminating the need for mechanisms such as wind detection and direction. Another advantage of vertical axis wind turbines is that they can be more closely grouped in wind farms, escalating the power generated per unit area. The large wheel-shaped design of side-axis wind turbines, with the blades rotating in an epicyclic path around the central axis of the turbine, has many advantages over traditional vertical and horizontal-axis designs. Side-axis wind turbines can rotate with the direction of the wind, generate less sound, can be inexpensively manufactured from locally available materials, and are safer for bats and birds. These turbines can produce up to 20 MW of electricity for commercial purposes, according to the authors of the report.

Market Trends:

The large wheel-shaped design of side-axis wind turbines, with the turbine blades operating in an epicyclic path around the central axis of the turbine, has many advantages over traditional vertical and horizontal axis designs. Side-axis wind turbines can rotate with the direction of the wind, generate less sound, can be inexpensively manufactured from locally available materials, and are safer for bats and birds. These turbines can produce up to 20 MW of electricity for commercial purposes. The significant advantage of lateral axis wind turbines over vertical axis wind turbines is a decisive advantage since they do not need wind detection or connected automation, so they currently meet high research and development qualities. In addition, the side shaft wind motor also leads to capitalize on the reduction in the wind compared to creating the same amount of power, therefore they can be employed in very tight areas where the current speed is usually higher or low.

Market Drivers:

The introduction of vertical-axis wind turbines in the market is mainly due to an increased focus on the installation of renewable energy. With the emergence of new technologies in vertical axis wind turbines, it is predicted that these types of turbines will experience great calls and may be an attractive alternative in the near future. The main advantage of vertical axis wind turbines over horizontal axis wind turbines is decisive advantages since they do not require any wind detection or associated mechanism, and therefore experience high levels of R&D recently. Additionally, vertical-axis wind turbines also tend to use comparatively less wind to generate an equivalent amount of power; therefore they can be employed in low-altitude regions where the wind speed is generally lower. Therefore, the odds of using vertical-axis wind turbines in small-scale decentralized applications are predicted to be high in the near future. Vertical axis wind turbines are also proving to be the most cost-effective and easy to operate compared to horizontal axis wind turbines, which in turn is the main factor escalating the call for vertical axis wind turbines in the world market.

Market Restraints:

However, the higher number of moving parts in this design compared to traditional parts would increase the need for more maintenance, which would essentially translate into higher operating costs for the overall wind project.

Market Opportunities:

The wind energy market is undoubtedly one of the most studied and strongest emerging sectors in the areas of sustainable energy. Investigations of the edges of a winding mechanism in relation to shape, dimensions, rotation, and different directions, which involve a constant collision in the planning of a wind generator, are ongoing in the world market. The significant advantage of lateral axis wind turbines over vertical axis wind turbines is a decisive advantage since they do not need wind detection or connected automation, so they currently meet high research and development qualities. In addition, the side shaft wind motor also leads to capitalize on the reduction in the wind compared to creating the same amount of power, therefore they can be employed in very tight areas where the current speed is usually higher or low. Side axis wind turbines also prove to be highly cost-effective and easy to operate compared to horizontal axis wind turbines, which are successively the important reasons for escalating the need for horizontal axis wind motors in the world market. The placement of the side shaft on the engine allows the creator and transmission to sit close to the ground, speeding up service and maintenance functions. The escalating number of advantages to achieving cleaner energy goals is predicted to positively influence the development of the worldwide side-axis wind turbine market during the projected period.

Market Challenges:

In contrast, wind turbines are designed for relatively inaccessible areas, which imposes certain restrictions on models in various systems. For offshore habitats, the site can be practically reclaimed for conservation once a year. Therefore, tolerance to wind faults is important for the expansion of wind turbines.

Market Recent Developments:

• Siemens Gamesa Renewable Energy has announced the launch of its new turbine in the Indian onshore wind market.
• Vestas is launching its low-wind wind turbine in India, where the government intends to add around 100 GW to the mostly low-wind market by 2030, as planned by GWEC.

LATERAL AXIS WIND TURBINE MARKET REPORT COVERAGE:

Market Segmentation:

Lateral Axis Wind Turbine - By Design:

• Savonius Model
• Darrieus Model
• Giromill Model

Market Regional Analysis:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

North America and Europe are predicted to experience the highest expansion in the worldwide vertical axis wind turbine market mainly due to escalating technological innovations and the development of vertical axis wind turbines in the future. In contrast, Asia-Pacific is predicted to experience the fastest expansion due to high installations in this region. The technology offers immense expansion potential in developed wind power markets such as North America and Europe. Europe, in particular, could become a major recipient of the technology due to the vast funds invested in wind power development under various plans and regulations aimed at escalating the use of wind power sources.

The United States could also become a high-expansion region for the side-axis wind turbine market due to encouraging policies and large funds invested by the United States Department of Energy (DoE) for the development of advanced technologies in the field of wind turbines. renewable energy.

Europe is predicted to be the dominant region in the world market for side-axis wind turbines. Europe is developing mainly as one of the automatisms due to the huge finances financed for the expansion of wind energy under various rules and regulations imposed in the regions for the application of sustainable energy sources. The United States could also develop as a highly developed area for the side shaft wind motor due to the motivation rules and large funds funded by the US Department of Energy for the expansion of automation developed in the fields of l 'energy. The wind motor incorporates elements of mechanical evaluation such as motor rims and motors, excursion trains, and creations. The price is more than 30% of the total expenses of the fund for wind activity abroad.

Market Key Players:

1. Bergey Wind Power Co.
2. Northern Power Systems Inc.
3. Kingspan Group Plc.
4. Endurance Wind Power Inc.
5. Shanghai Ghrepower Green Energy Co. Ltd.
6. Xzeres Wind Corp.
7. ZKEnergy Technology Co., Ltd