Global Airborne Wind Energy Market, Type (Less Than 1 MW, 1 MW-3 MW, More Than 3 MW), Application (Offshore, Onshore) - Industry Trends and Forecast to 2031.
Airborne Wind Energy Market Analysis and Size
The global airborne wind energy market is an emerging sector in renewable energy, utilizing tethered flying devices such as kites or drones equipped with turbines to capture wind power at higher altitudes. This technology offers potential advantages, including cost-effectiveness and suitability for various locations. Despite being in early commercial stages, challenges such as regulatory issues and technological complexities persist. Ongoing research and investments, however, suggest a promising future for airborne wind energy as an alternative to traditional wind power generation.
Data Bridge Market Research analyses that the global airborne wind energy market is expected to reach the value of USD 2.22 billion by 2031, which was USD 1.16 billion in 2023, registering a CAGR of 8.40% during the forecast period of 2024 to 2031. The " Onshore” segment is expected to dominate the market. This is because onshore airborne wind energy systems are more widely deployed and accessible, offering a practical and cost-effective solution for harnessing wind power. The onshore segment is often favored for its easier deployment, maintenance, and integration into existing power infrastructure. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022(Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Less Than 1 MW, 1 MW-3 MW, and More Than 3 MW), Application (Offshore, Onshore)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K. France, Spain, Belgium, Russia, Netherland, Italy, Turkey, Switzerland, Sweden, Denmark, Norway, Finland, Rest of Europe, India, China, Japan, Australia, South Korea, Singapore, Thailand, Indonesia, Taiwan, Hong Kong, Malaysia, New Zealand, Philippines, Rest of Asia-Pacific, Brazil, Argentina Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, Bahrain, Oman, Israel, and Rest of Middle East and Africa
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Market Players Covered
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ENERCON Global GmbH (Germany), Vestas (Denmark), General Electric (U.S.), NORDEX SE (Germany), Siemens (Germany), Senvion (Germany), goldwind.com (China), United Power (China), Envision Group (China), Suzlon Energy Limited (India)
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Market Opportunities
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Market Definition
Airborne wind energy is a way to generate electricity using flying devices such as kites or tethered wings. These devices, connected to the ground, move with the wind at higher altitudes, where it's stronger. As they move, they create tension in their tethers, converting it into electricity, which is then sent to the ground for use. This technology is seen as a promising and more efficient alternative to traditional wind turbines, as it can work in places with limited space or tricky terrain. Ongoing research aims to make airborne wind energy systems even better for widespread and sustainable use.
Global Airborne Wind Energy Market Dynamics
Drivers
- Renewable Energy Transition
The increasing global focus on transitioning to renewable energy sources is a primary driver for the global airborne wind energy market. As nations strive to reduce dependence on fossil fuels and curb carbon emissions, airborne wind energy systems emerge as a promising solution. Their capacity to harness high-altitude wind, often more consistent and powerful than surface winds, positions them as a key contributor to the renewable energy mix.
- Technological Advancements
Ongoing advancements in airborne wind energy technology play a pivotal role in driving market growth. Innovations in materials, aerodynamics, and control systems are enhancing the efficiency and reliability of airborne wind energy systems. Improved designs, automation, and real-time monitoring capabilities are increasing the feasibility and competitiveness of airborne wind energy as a viable and efficient source of electricity.
Opportunity
- Remote Power Generation
The global airborne wind energy market presents a significant opportunity for remote power generation. With the ability to deploy systems in locations where traditional wind turbines might be impractical, such as deep-sea environments or challenging terrains, airborne wind energy offers a versatile solution for off-grid power generation. This opens avenues for providing electricity to remote communities, disaster-stricken areas, and isolated industrial operations.
Restraints/Challenges
- Regulatory Hurdles and Safety Concerns
The airborne nature of these energy systems introduces regulatory challenges and safety concerns. Establishing clear regulatory frameworks and safety standards for airborne wind energy operations is imperative. Addressing airspace management, collision avoidance, and public perception issues are essential for gaining regulatory approvals and ensuring the safe integration of airborne wind energy systems into existing airspace.
- Investment and Commercialization Risks
The commercialization of airborne wind energy technologies involves significant upfront investment and associated risks. Developing, testing, and scaling these systems require substantial financial resources. Uncertainties regarding market acceptance, competition with conventional wind energy technologies, and the evolving regulatory landscape pose challenges for attracting the necessary investments. Overcoming these financial and commercialization risks is crucial for the widespread adoption of airborne wind energy solutions in the global energy market.
This global airborne wind energy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global airborne wind energy market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In July 2023, According to an article published by Verdict Media Limited, Norwegian firm Kitemill launches the KM2 system, its utility-scale airborne wind energy technology, with a 16m wingspan and vertical take-off and landing capabilities. The system, aiming to generate 100kW on average, follows the successful testing of the KM1 prototype, which covered over 500km in continuous operation
Global Airborne Wind Energy Market Scope
Global airborne wind energy market is segmented on the basis of on type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Less Than 1 MW
- 1 MW-3 MW
- More Than 3 MW
Application
- Offshore
- Onshore
Global Airborne Wind Energy Market Regional Analysis/Insights
Global airborne wind energy market is analyzed and market size insights and trends are provided on basis of type and application as referenced above.
The countries covered in the global airborne wind energy market report are U.S., Canada, Mexico, Germany, U.K. France, Spain, Belgium, Russia, Netherland, Italy, Turkey, Switzerland, Sweden, Denmark, Norway, Finland, Rest of Europe, India, China, Japan, Australia, South Korea, Singapore, Thailand, Indonesia, Taiwan, Hong Kong, Malaysia, New Zealand, Philippines, Rest of Asia-Pacific, Brazil, Argentina Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, Bahrain, Oman, Israel, and Rest of Middle East and Africa.
Europe is the region expected to dominate the global airborne wind energy market due to its strong commitment to renewable energy and favorable regulatory policies. The region has been proactive in adopting innovative technologies, and airborne wind energy aligns with its goals for sustainable and efficient energy production.
Asia-pacific region is expected to be the fastest growing region because of the factors such as government support, favorable wind conditions, and the need for sustainable energy solutions contribute to the significant growth of airborne wind energy in the Asia-Pacific region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Airborne Wind Energy Market Share Analysis
The global airborne wind energy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company focus related to the global airborne wind energy market.
Some of the major players operating in the global airborne wind energy market are:
- ENERCON Global GmbH (Germany)
- Vestas (Denmark)
- General Electric (U.S.)
- NORDEX SE (Germany)
- Siemens (Germany)
- Senvion (Germany)
- goldwind.com (China)
- United Power (China)
- Envision Group (China)
- Suzlon Energy Limited (India)
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