The primary things
vertical axis wind turbine will need to cater to in order to be
successful are its effective generation, useful life and maintenance
requirements.This research report analyzes this market on the basis
of its market segments, major geographies, and current market trends
An increasing global
focus towards installation of renewable energy has led to a flurry of
vertical axis wind turbine designs being introduced into the
marketplace. Although nearly all of the commercial scale wind
turbines currently in operation are horizontal axis ones, with the
advent of new technologies vertical axis wind turbine may be an
attractive alternative in the future. The primary difference of a
vertical axis wind turbine from a horizontal axis one is that the
primary rotor shaft is set vertically while all the major generation
components are placed at the turbine base. Currently there are three
primary designs for vertical axis wind turbine: the savonius model,
the darrieus model and the giromill model. The reason why vertical
axis wind turbines are witnessing high levels of R&D activity in
the recent past is the definite advantages they provide over
conventional horizontal axis turbines.
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Turbine Market Report
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One of the major
advantages is that vertical axis wind turbine do not require any wind
sensing or orientation mechanisms in order to generate electricity.
This significantly reduces costs of manufacturing the turbine. Also
as the major power generating components such as the gearbox and
generator are located towards the base of the turbine, maintenance
and repair activities on vertical axis wind turbine are relatively
more convenient. Horizontal axis turbines have the vital components
located on top of the tower structure which results in significant
difficulties and safety hazards for repairmen. These vertical axis
wind turbine also claim to require lesser wind to generate an
equivalent amount of energy, and can hence be placed at lower
altitudes where the wind velocity is generally lower. Overall
numerous prospects of utilizing vertical axis wind turbine in small
scale decentralized applications are being explored.
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The primary things
vertical axis wind turbine will need to cater to in order to be
successful are its effective generation, useful life and maintenance
requirements. The wind power industry is currently entering into a
consolidation phase with economies of scale being the primary weapon
of large market players. Electricity being a highly price elastic
commodity, wind power generators needs to focus increasingly on
reducing costs and increasing efficiency factors. With vertical axis
wind turbine still not commercially developed, decentralized small
scale applications are likely to be the best bet for these turbine
manufacturers. Without highly positive test results and statistics it
is unlikely that vertical axis wind turbine manufacturers will be
able to commence large scale manufacturing. Without significant
economies of scale benefits, it is not feasible to install utility
scale vertical axis wind turbine as the cost of generation would be
relatively higher compared to the existing multi megawatt horizontal
axis turbines.
The majority of
vertical axis wind turbine deployment we can expect within the
forecast horizon is likely to be in the form of small pilot projects
and for decentralized applications. North America and Europe are
likely to drive the technological innovation and development of
vertical axis wind turbine within the forecast horizon. Any large
scale installations or deployment is likely to be observed in these
regions as well. However with the retraction of the production tax
credit scheme in the U.S., it is uncertain as to the extent of
investments that can be expected in vertical axis wind turbine
development. Installations in the Asia-Pacific are only likely to
pick up once positive test results and significant technological
development has been achieved in Europe and North America.
This research report
analyzes this market on the basis of its market segments, major
geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This report
provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a
complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons for
Buying this Report :
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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