The fluctuating prices of fuel generated from non-renewable sources, favorable government laws, rising demand for energy, and utility-scale generation are the major drivers driving the air-borne wind turbine market. Because wind is a completely free natural gift, authorities are concentrating their efforts on harnessing its energy. Furthermore, after the cost of building and installing turbines is recovered, wind energy technologies usually benefit from little maintenance and the power collected is also extremely cheap. Computer-controlled and portable airborne wind turbines eliminate the requirement for an onboard pilot to operate the turbine mechanism. Most significantly, there are no infrastructure costs associated with building an airborne wind turbine, such as power plants or electrical networks. These have been critical variables that are expected to push the global airborne wind turbine market forward. There are several constraints and obstacles that will stifle overall market expansion. Lack of a qualified personnel, as well as a lack of norms and regulations, are restricting the market’s growth. Furthermore, harvesting wind energy from high altitudes has its own set of problems and risks, including the possibility of unanticipated accidents, necessitating automated control piloting for further safety.
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Market Trends
- Vestas has created a solution that includes eight V136-4.2 MW turbines and a long-term service contract to maximize energy output over the project’s lifetime in a high wind region. The turbine is well-suited for the severe climatic conditions that are typical along Norway’s western coastline, with a strong design for tough wind locations.
- Three new grid analytics from GE are launched, combining domain expertise with artificial intelligence (AI) and machine learning (ML) to address critical issues in electric grid operations. The analytics leverage data from across transmission and distribution networks to accomplish operational efficiency goals.
Key Market Players
- GE Power
- Enercon GmbH
- Vestas Wind Systems A/S
- Siemens AG
- Nordex SE
- ACCIONA S.A
- DeWind Co
- Fuhrlander AG
- Acciona, S.A
- United Power
- Envision Energy
- Nordex Group.
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Key Benefits of the Report
- This study presents the analytical depiction of the air-borne wind turbine industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Air-borne wind turbine market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the air-borne wind turbine market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Air-borne wind turbine market analysis based on competitive intensity and how the competition will take shape in coming years
COVID-19 Impact analysis
- Many sectors have been badly impacted by the COVID-19 epidemic. It has brought the manufacturing process to a standstill and resulted in a scarcity of raw resources. The trade cycle was hindered as a consequence of this. As a result, the market for air-borne wind turbines is also impacted.
- Production of Air-Borne Wind Turbine has been halted due to the protracted lockdown in major worldwide countries caused by the COVID-19 epidemic. This has substantially impacted the expansion of the Air-Borne Wind Turbine Market.
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