Global Vertical Axis Wind Turbines Market Is Segmented as Savonius model,Darrieus model and the Giromill model
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The introduction of vertical axis wind turbines in the market is mainly due to increase focus towards the installation of renewable energy. With the emergence of new technologies in vertical axis wind turbine, these types of turbines are anticipated to witness high demand and may prove to be an attractive alternative in the near future. The major benefit of vertical axis wind turbines over horizontal axis wind turbines is decisive advantages, such as they do not require any wind sensing or related mechanism, and hence are experiencing high levels of R&D recently. In addition, vertical axis wind turbines also tend to utilize lesser wind comparatively to generate an equivalent amount of energy; thus they can be used in lower altitudes regions wherein the velocity of wind is generally lower. Hence, the probabilities of utilizing vertical axis wind turbines in small-scale decentralized applications are expected to be high in the near future. Vertical axis wind turbines also prove to the most cost efficient and easy-to-use over horizontal axis wind turbines, which in turn is the major factor increasing the demand for vertical axis wind turbines in the global market.
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On the basis of the design, the global vertical axis wind turbines market is segmented as the Savonius model, the Darrieus model, and the Giromill model. Geographically, the global market is further segmented as Asia Pacific, North America, Middle East and Africa and Europe.
North America and Europe are anticipated to experience the highest growth in the global vertical axis wind turbines market mainly owing to the rising technological innovations and development of vertical axis wind turbine in the future. On the other hand, Asia-Pacific is expected to witness the fastest growth due to the high installations in this region.
Major players dominating the global vertical axis wind turbines market include Bergey Wind Power Co., Northern Power Systems Inc., Kingspan Group Plc., and Endurance Wind Power Inc. Other key players influencing the global market are Shanghai Ghrepower Green Energy Co. Ltd., Xzeres Wind Corp., and ZKEnergy Technology Co., Ltd.
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Vertical-axis Wind Turbine Market: Regional Segment Analysis
Middle East and Africa
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