DUBLIN--(BUSINESS WIRE)--The "Global Vertical Axis Wind Turbine Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global vertical axis wind turbine market to grow at a CAGR of 14.98% during the period 2018-2022.
Global Vertical Axis Wind Turbine Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Rising investments in renewable energy. A positive consequence of reduced carbon emissions is the growth in clean energy technology. The transition from fossil fuels and conventional sources of energy to renewable sources, such as wind and solar, is the key to achieving social, economic, and environmental development. As per the IEA, in 2016, global investments in renewable energy was over $300 billion.
The latest trend gaining momentum in the market is adoption of hybrid street lighting system. Street lighting is provided by local power utilities, and a considerable amount of money is being spent to light up streets and public places to ensure visibility during the night and keep pedestrians safe. This leads to increased energy bills for local municipalities that use off-grid systems. A standalone renewable system from a single source of renewable is insufficient due to the intermittent nature of the energy source
Further, the report states that one of the major factors hindering the growth of this market is Competition from alternate sources of energy. Wind energy faces competition from other sources of energy, such as fossil fuels, solar, and hydropower. Though the installation of wind energy systems cost lesser than solar PV systems, the competition in the emerging markets, such as Chile and Mexico are high. In addition, in windy places, such as Argentina, prices of solar PV are reducing sufficiently enough to compete with wind energy prices.
- Envergate Energy
- Oy Windside Production
- Royall Power (a company of Ark Alloy)
- V-Air Wind Technologies
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Market Segmentation By End-User
Part 09: Market Segmentation By Product
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/jckls7/global_vertical?w=4