Airborne Wind Turbine Market By ACCIONA S.A., DeWind Co., Fuhrländer AG, Ampyx Power, E-Kite Netherlands BV, EnerKite GmbH, Altaeros Energies, eWind Solutions, Kite Power Solutions : Include Covid-19 impact Analysis

A comprehensive evaluation of the Airborne Wind Turbine Market has been presented in the report for the forecasted period 2019 to 2025. In order to get a deep insight into the market, a wide range of segments have been covered in the report along with the thorough analysis of the key trends and the factors that impact the market. The main highlight of the report includes the key factors that impact the Airborne Wind Turbine Market market, the market dynamics, major drivers, restraining factors, and the opportunities and threats that arise in the market. The intrinsic factors that have been identified are restraints and drivers. The identified threats and opportunities are the extrinsic factors that exist in the market setting. The thorough study provides an insight into the market development in terms of the revenue generation capacity during the forecasted period.

There are many sources of energy used as substitutes of non-renewable energy sources which includes sunlight, wind, rains, tides, etc. Wind energy is the largest source of energy, and approximately accounts for half of the energy produced from other alternative sources. Several technologies have been introduced to harness wind energy. As per the Global Wind Energy Council (GWEC) and Greenpeace International, wind turbines are expected to supply 12% of the global electricity and contribute as the major source in reducing CO2 emissions, by year 2020.

An Airborne wind energy system is a technology, which includes turbines at high altitude, which extract hundred times greater kinetic energy as compared to the conventional wind turbines. In Airborne energy systems, airborne wind turbines are suspended in the air, without any tower or support from the ground and can operate at high as well as low altitudes. The airborne wind turbines are secured to the ground using electrically conductive tethers, which helps energy transmission.

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Increasing demand for alternate sustainable energy sources, fluctuating prices of fuel derived from non-renewable sources, and low maintenance system cost are the major factors propelling the growth of airborne wind turbine market. Extreme bad weather conditions, may lead to temporary suspension of these wind turbines. Moreover, due to their setup at the higher altitude, there is constant fear of unpredicted collision. These factors may restrain the airborne wind turbine industry.

The global airborne wind turbine market is bifurcated by system, type and region. Based on the system, the airborne wind turbine (AWT) industry is segmented as ground generator system and fly generator system. Ground generator system is used for the conversion from mechanical energy to electrical energy, is completed on ground, whereas in fly generator system, the conversion takes place on the aircraft in the air. The ground generator system includes different types of systems such as leading edge inflatable kite, supported leading edge kite, foil kite, glider and swept rigid wing among all the other systems. While the fly generator system includes various systems designed and manufactured by Joby Energy, plane with four turbines designed by Makani Power, Static suspension quad rotor by Sky WindPower, etc.

Further, based on the types of turbines used, which includes kite type, balloon type, kytoon type and tethered auto gyro type. The kite type turbine is suspended at higher altitudes and extracts energy through the application of dual purpose circular fan, rotary wing kite and multi-tethered kites among the others. Balloon type uses an enormous helium-filled balloon, blimp or envelope that floats over the altitude of more than 1000 feet. The gas-filled turbine has helium, as it is lighter and provides buoyancy to the entire arrangement. The balloon feeds the energy into the grid through cables that will connect to the ground. In kytoon type, the turbine uses both balloon and kite arrangement for power generation from high altitude winds, whereas in tethered auto gyro type, the wind turbines are made to float by utilizing a tethered crankshaft, unmanned aerial vehicle, gyrocopter or gyroplane, alongside an unpowered rotor providing thrust.

Geographically, the market includes North America, Europe, Asia Pacific, Middle East and Africa and Latin America as major regions which are further bifurcated into countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. Government organizations across several countries have involved in framing new rules and regulations to reduce pollution by encouraging methods such as airborne wind energy to produce clean and never-ending energy. Such initiatives by government are fueling the growth of the market.

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The prominent players involved in the development of, airborne wind turbine includes ACCIONA S.A., DeWind Co., Fuhrländer AG, Ampyx Power, E-Kite Netherlands BV, EnerKite GmbH, Altaeros Energies, eWind Solutions, Kite Power Solutions, Ltd., Makani Power, SkySails GmbH & Co. KG, Windlift LLC, Twingtec AG, Omnidea, Kitenergy S.r.l., kPower LLC, and KiteMill among all the other players. In May 2018, Makani Power produced power for the first time with a 600-kW energy kite with eight rotors and the wingspan of a small jet airliner. The company has the high-performance carbon fiber kite which measures 85 ft across, and has eight onboard rotors each of 7.5 feet diameter. The company is carrying R&D for the system which changes to lift power generation and permitting the kite to produce more electricity than its consumption will be carried. Other players are similarly involved in research & development, acquisitions, expansions and collaboration for the strategic growth.

Airborne Wind Turbine Market : Research Methodology

Airborne Wind Turbine Market research methodologies comprise primary research, secondary and expert panel reviews. Secondary research consists of the following sources: company annual report, research papers, and press releases, as documented in the industry. For further understanding, the following have been considered: Industry magazines, trade journals, government websites, and associations since they also contain vital information that can be useful during the study period. If all these sources are efficiently used to gather information about the industry, then the Airborne Wind Turbine Market market achieves its goals in the study, which is most likely to expand its territory in the market.

Primary research has been the best way during the study, as it involves things like; telephone conversations that can be either as interviews or creation of appointments between the Airborne Wind Turbine Market researchers and market players. Questionnaires are also used, and this can also be sent as emails or distributing them to the people for question and answer moments. Lastly, there is a face-to-face interaction between the researchers and the market players. This has been the most effective way the two parties involved engage in one on one question and answer sessions. At primary research, the engagement always leaves both Airborne Wind Turbine Market research and the market players convinced of the way forward for the betterment of the industry. Primary research enhances discussion on essential factors such as market trends, size, competitions involved has to be done on an ongoing basis with industry experts, to understand the existing market.

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