Air-Borne Wind Turbine market expected to reach $268.3 million by 2030 with growth.
From GlobeNewswire: 2024-10-03 09:57:00
Allied Market Research published a report on the Air-Borne Wind Turbine Market, forecasting it to reach $268.3 million by 2030 with a 9.8% CAGR. AWTs offer higher energy yields than traditional turbines by harnessing stronger and more consistent winds at higher altitudes. Despite high initial costs, AWTs are gaining popularity for renewable energy generation.
Offshore AWTs lead in energy generation due to access to stronger, more stable winds over oceans. The reduced visual and noise impact of offshore installations addresses common concerns associated with onshore projects. With larger-scale installations possible offshore, AWTs offer more efficient and reliable energy generation for sustainable power needs.
North America is set to maintain dominance in AWT demand by 2033, driven by a commitment to renewable energy expansion and reducing greenhouse gas emissions. Technological advancements have improved AWT efficiency and cost-effectiveness, making them a viable option for sustainable power generation. Public and private investment in North America further boosts AWT deployment.
Key market players in the global AWT market include Siemens AG, Nordex Group, ACCIONA S.A, and more. These companies employ various strategies such as product launches and collaborations to increase market share. Detailed analysis of these players is provided in the report, highlighting their business performance and strategic moves to maintain dominance.
Additional reports in the energy and power industry by Allied Market Research cover topics such as renewable energy, wind turbines, offshore wind, small wind power, and AI in energy. These reports provide insights and analysis to help businesses make strategic decisions for sustainable growth in their respective markets. Allied Market Research is a full-service market research and business consulting firm providing quality market research reports and business intelligence solutions.
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