Flapping Wind Turbine Market - Detailed Analysis of Restrain and Growth Factors
With depleting natural energy resources, it has become imperative to invest and develop other sources and technologies to meet the increasing need raised by rapidly increasing population across the world. The concept of wind turbine has been quite useful in the past decade but besides the requirement for vast landscapes wherein wind blows consistently at its full mighty, noise produced by the turbines has restricted its widespread installations. This issue is swiftly solved by the concept of flapping wind turbines, of which the latest form of biomimicry has been developed by a company called Tyer Wind. Flapping wind turbines use only two spinning blades instead of three, coping the graceful motion of the hummingbird, who are rated among the nature’s most skilled flyers. This concept also solves the issues pertaining to space required for a traditional wind turbine. Owing to these glaring benefits of flapping wind turbine, the global market for the same is projected to expand at a robust growth rate during the forecast period of 2016 to 2024, though it currently is in development stage.
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This report on the global flapping wind turbine market studies the concept and aggregates the latest developments, including the investments made by prominent companies. The report also delves into the factors that are expected to influence the growth of this nascent market and estimates their eventual impact. This report aims to provide the essential information that the buyers need to base their business decisions on.
Global Flapping Wind Turbine Market: Trends and Opportunities
Consistently increasing need for energy is the primary driver of this market. Moreover, with apparent issues pertaining to pollution, added emphasis has been given to the cleaner energy. Wind turbine produced power ideally serves this need too, and hence is expected to gain subsidies from the governments in developed and developing countries. Another advantage of flapping wind turbine over traditional wind turbine, besides being quieter, is that they are less prone to damages and pose considerably less threats to birds. This factors is also expected to lure the investors to develop the technology of flapping wind turbines and thereby increment the demand. Conversely, as this concept is still in development stage and the creators are currently testing the prototypes in real world conditions, high price of flapping wind turbine is expected to marginally hinder the growth rate over the course of the forecast period.
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Global Flapping Wind Turbine Market: Regional Outlook
The company, Tyer Wind, hails from North African country of Tunisia, with Hassine Labaied as the partner and co-founder. However, the cost factors are expected to pass-on and further develop the concept in financially and technologically equipped countries such as the U.S., France, Germany, the U.K., and Russia.
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Companies mentioned in the research report
Tyer Wind has been able to develop this concept in association with Saphon Energy. Currently, only these two companies are functional in global flapping wind turbine market, although several other prominent technology and energy vendors are expected to catch this developing trend of flapping wind turbines and meet the ever escalating energy demands.
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