Airborne Wind Turbines Market Expanding Worldwide with Top Players Future Business Scope and Investment Analysis Report to 2026

Global Airborne Wind Turbines Market report provides an in-depth analysis of the COVID-19 impact, key player’s strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Market report focus to provide extensive information on industry with market overview, key trends and business plans for Airborne Wind Turbines market.

Airborne Wind Turbine Market registered a CAGR of 8.7% over the forecast period of 2021-2016.

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The Top Key Players in the Global Airborne Wind Turbines Market are like Enercon, Vestas, GE Energy, Nordex Group, Siemens, Senvion, Goldwind, United Power, Envision Energy, Suzlon and Others.

Industry News:

- Sep 2019 - Vestas received a 34 MW order for the Haramsfjellet wind project on the island of Haramsya in western Norway. Vestas has developed a solution to fit the site’s wind conditions that include eight V136-4.2 MW turbines and a long-term service contract to optimize energy production for the lifetime of the project in a high wind location. With a robust design for tough wind sites, the turbine is well-suited for the challenging climatic conditions that are commonly found in Norway’s western coastline.

- Jun 2019 - GE announced the availability of three new grid analytics that combines domain expertise with artificial intelligence (AI) and machine learning (ML) to tackle pressing challenges in electric grid operations. The analytics use data from across transmission and distribution networks to help achieve goals for operational efficiency.

Key Market Trends:

Offshore Application to Have Substantial Growth in the Airborne Wind Turbines Market

- The increasing size of wind turbines has helped reduce the cost of wind energy to the point that it is economically competitive with fossil-fuel alternatives in some areas. New research published in the journal Nature Energy hints that offshore turbines have the opportunity to grow, offering the promise that this already-mature energy technology will see more lowering costs in the future. Offshore wind farms have helped set up wind energy harvesting farms on the water surface. Larger turbines are on the horizon, allowing a further decrease in the price of wind energy on land and offshore.
- Offshore turbines will continue to grow, with most projects in planning today expecting to use turbines in the 6-8 MW range. In part, this is owing to the easier logistics of transporting massive components by sea. But, in addition, the non-turbine costs of building offshore wind plants (and especially the cost of the foundation and installation) are immense. Reducing those costs on a per-MW basis through growth in turbine size is a decided advantage.
- Offshore wind is supposed to see more dramatic changes, with 11 MW turbines being constantly deployed in fixed-bottom applications by 2030. Offshore turbines go well past current commercial product offerings, which broadly focus on turbines 8 MW and below, but are consistent with the plans of significant manufacturers to have prototypes of 10+ MW turbines by 2020. For instance, turbines stationed in North America are anticipated to be somewhat smaller than in Europe (9 MW), perhaps reflecting the fact that North America is currently lagging Europe in offshore development.

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Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2016 to 2020 historically and from 2021 to 2026 forecast, it also includes the impact of Post-Covid-19 both on the short- and long-term prospects of the industry.

Europe Dominates the Airborne Wind Turbines Market:

- Europe installed 11.7 GW (10.1 GW in EU-28) of new wind energy in 2018. This is a 32% decrease in 2017 annual installations. 9 GW was onshore, and 2.65 GW were offshore. Europe decommissioned 0.4 GW of wind capacity, almost all of which was onshore wind. Europe decommissioned 0.4 GW of wind turbines. So the net increase in Europe’s wind energy capacity in 2018 was 11.3 GW. With a total installed capacity of 178.8 GW in the EU, wind energy remains the second largest form of power generation capacity in the EU-28 and is likely to overtake natural gas installations in 2019. Wind power installed more capacity than any other form of power generation in the EU in 2018. It accounted for 48% of total power capacity installations.

- Wind energy investments in 2018 continued the trend of geographical diversification. The top 3 investor countries owned only 43% of FID announcements in 2018. This compares to 64% in 2017 and 73% in 2016. Investments in non-EU countries have also increased to a total of EUR 5.1bn. This was a 75% increase in 2017 and represented 19% of the new announced FIDs. The United Kingdom was the biggest investor in 2018. They generated a total financing activity of EUR 5.9bn for the construction of new onshore and offshore wind farms. This accounts for 22% of the total wind energy investments made in 2018.

This Airborne Wind Turbines Market report addresses:

The Market size from 2016-2020
Expected market growth until 2026
Forecast of how market drivers, restraints, and future opportunities will affect
Segment and regions that will drive or lead market growth and why
Comprehensive mapping of the competitive landscape
In-depth analysis of key sustainability strategies adopted by market place

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- Post Covid-19 Analysis

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