Air-Borne Wind Turbine Market Research, 2030
The global air-borne wind turbine market was valued at $139.2 million in 2023, and is projected to reach $268.3 million by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
Market Introduction and Definition
An airborne wind turbine (AWT) is a wind energy device that operates at high altitudes where winds are stronger and more consistent than those near the ground. Unlike traditional wind turbines mounted on towers, AWTs are suspended in the air using tethers or cables and can take the form of kites, balloons, or drones. These devices harness wind energy by converting the kinetic energy of fast-moving winds into electrical power through onboard generators. The electricity generated is transmitted to the ground via the tethers. AWTs have the potential to access high-altitude wind resources, which can be more reliable and potent, offering a promising alternative to conventional wind energy systems, especially in areas where ground-based turbines are less effective.
Key Takeaways
- The air-borne wind turbine market report provides competitive dynamics by evaluating business segments, product portfolios, target market revenue, geographical presence and key strategic developments by prominent manufacturers.
- The air-borne wind turbine market overview is fragmented in nature among prominent companies such as Siemens AG, Nordex Group, ACCIONA S.A, United Power, Envision Energy, Vestas Wind Systems A/S, GE, Goldwind, Enercon GmbH, and Ampyx Power.
- The study contains qualitative information such as the market dynamics (drivers, restraints, challenges, and opportunities) , public policy analysis, pricing analysis, and Porter’s Five Force Analysis across North America, Europe, Asia-Pacific, LAMEA regions.
- Latest trends in global air-borne wind turbine market size such as undergoing R&D activities, regulatory guidelines, and government initiatives are analyzed across 16 countries in 4 different regions.
- More than 3, 200 air-borne wind turbine industry-related product literatures, industry releases, annual reports, and other such documents of key industry participants along with authentic industry journals and government websites have been reviewed for generating high-value industry insights for global air-borne wind turbine market.
Key Market Segments
- By Type
- By Application
- Renewable Energy Generation
- Water Pumping
- Others
- By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Siemens AG
- Envision Energy
- United Power
- Enercon GmbH
- Vestas Wind Systems A/S
- Goldwind
- ACCIONA S.A
- Ampyx Power
- GE
- Nordex Group