Bladeless Wind Turbine Market by Connectivity (Off-Grid, Grid-Connected) by End User (Residential, Commercial & Industrial) by Region (North America, Asia Pacific, Europe, and Rest of the World) - Trends and Forecasts to 2030
Wind turbines are commonly used machines for converting wind energy into electrical energy, with the movement of the blades with the help of an electricity generator. There are issues with the blade wind turbine in terms of transportation, mechanical wear and tear, and noise pollution. The developments in the wind turbine have brought up modifications in the design of wind turbines where the three revolving blades are eliminated instead are designed to stand erect and oscillate in reaction to vortices. A bladeless wind turbine has various advantages as they don’t require nacelles, support mechanisms, and blades, which also reduces the manufacturing cost. Bladeless turbines can work on-grid and off-grid and can also be part of hybrid wind-solar installations. A bladeless wind turbine captures the energy using the vortex shedding from the wind by a resonance phenomenon produced by an aerodynamic effect. The Vortex generates electricity through an alternator system of coils and magnets without gears, shafts, or rotating parts.
The bladeless wind turbine based on connection has been categorized as off-grid and grid-connected. Grid-connected mode is a method where the electricity generated from the bladeless wind turbines is injected into the grid to maintain power quality and reliability in the electricity infrastructure. Whereas off-grid connection is when the electricity generated from the bladeless wind turbines is supplied to the buildings and communities and is not connected to the public electric utilities. Diesel generators have been a well-known choice for off-grid power supply. Their environmental impact has led to the usage of modern stand-alone power systems that will consist of one or more sources of renewable energy with batteries or diesel generators as a backup power supply. The grid-connected and off-grid-connected wind turbines have their advantages based on the location at which they are installed.
The bladeless wind turbine market based on end user has been segmented into residential, and commercial & industrial. These turbines can also be used when the power from the grid is interrupted, which becomes a cost-effective option in remote locations. Similar the usage of these turbines in residential, agriculture, and telecom sectors, among others, make these turbines the best-suitable option for utilizing wind energy.
In terms of region, the bladeless wind turbine market can be segregated into North America, Europe, Asia Pacific, and the rest of the World. The global climate change policies have been pushing countries towards net zero targets, which has increased the installation of renewable energy technologies. Though the conventional three-blade turbines dominate installations, new developments are on their way to improving the performance of the existing technologies. For instance, In March 2021, Vortex Bladeless, a startup company, launched a bladeless wind turbine in Europe. Similar developments are yet to be seen in other regions such as Asia Pacific, North America, Middle East & Africa, and South America.
A few of the major players operating in the bladeless wind turbine market include Vortex Bladeless (Spain), Halcium Energy Inc (US), Vestas General Electric (Denmark), Gamesa (UK), and Enercon (Germany), among others.
Frequently Asked Questions (FAQ)
Q1. What is the current market size of the global bladeless wind turbine market?
Q2. What are the challenges associated with the bladeless wind turbine market?
Q3. What is a key factor driving the bladeless wind turbine market?
Q4. What are the international standards which are regulating the bladeless wind turbine market?
Q5. Who are the top five players in the global bladeless wind turbine market?
Q6. How are the companies implementing organic and inorganic strategies to gain increased bladeless wind turbine market share?
Q7. Which will be the leading regions with the largest market share by 2030?
Q8. What will be the revenue pockets for the bladeless wind turbine market in the next five to ten years?
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TABLE OF CONTENTS
1 INTRODUCTION
1.1. OBJECTIVE OF THE STUDY
1.2. MARKET DEFINITION
1.2.1. MARKET SCOPE
1.2.2. YEARS CONSIDERED IN THE REPORT
1.3. CURRENCY
1.4. STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.1.1. SECONDARY DATA
2.1.1.1. KEY DATA FROM SECONDARY SOURCES
2.1.2. PRIMARY DATA
2.1.2.1. KEY DATA FROM PRIMARY SOURCES
2.1.2.2. KEY INDUSTRY INSIGHTS
2.1.2.3. BREAKDOWN OF PRIMARY INTERVIEWS
2.2. MARKET SIZE ESTIMATION
2.2.1. BOTTOM-UP APPROACH
2.2.2. TOP-DOWN APPROACH
2.3. DATA TRIANGULATION
2.3.1. BLADELESS WIND TURBINE MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
2.4. LIMITATIONS
2.5. ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1. INTRODUCTION
5.1.1. MARKET DYNAMICS
5.1.2. DRIVERS
5.1.3. RESTRAINTS
5.1.4. OPPORTUNITIES
5.1.5. CHALLENGES
5.2. IMPACT OF COVID-19
5.3. TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES TECHNOLOGY ANALYSIS
5.4. BLADELESS WIND TURBINE MARKET: SUPPLY CHAIN ANALYSIS
5.5. MARKET MAP
5.6. TECHNOLOGY ANALYSIS
5.7. KEY CONFERENCES & EVENTS IN 2022–2023
5.8. BLADELESS WIND TURBINE MARKET: REGULATIONS
5.8.1. REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
5.9. PORTER’S FIVE FORCES ANALYSIS
5.10. CASE STUDY ANALYSIS
6 BLADELESS WIND TURBINE MARKET, BY CONNECTION
(USD Million - 2020, 2021, 2022-e, 2030-f)
6.1. INTRODUCTION
6.2. OFF-GRID
6.3. GRID-CONNECTED
7 BLADELESS WIND TURBINE MARKET, BY END USER
(USD Million - 2020, 2021, 2022-e, 2030-f)
7.1. INTRODUCTION
7.2. RESIDENTIAL
7.3. COMMERCIAL & INDUSTRIAL
8 BLADELESS WIND TURBINE MARKET, BY REGION
(USD Million - 2020, 2021, 2022-e, 2030-f)
8.1. INTRODUCTION
8.2. ASIA PACIFIC
8.2.1. BY CONNECTION
8.2.2. BY END USER
8.2.3. BY COUNTRY
8.3. EUROPE
8.3.1. BY CONNECTION
8.3.2. BY END USER
8.3.3. BY COUNTRY
8.4. NORTH AMERICA
8.4.1. BY CONNECTION
8.4.2. BY END USER
8.4.3. BY COUNTRY
8.5. REST OF THE WORLD
8.5.1. BY CONNECTION
8.5.2. BY END USER
8.5.3. BY COUNTRY
9 COMPETITIVE LANDSCAPE
9.1. OVERVIEW
9.2. MARKET EVALUATION FRAMEWORK
9.3. SHARE ANALYSIS OF KEY PLAYERS, 2021
9.4. SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2016-2021
9.5. RECENT DEVELOPMENTS
9.6. COMPETITIVE LEADERSHIP MAPPING
10 COMPANY PROFILE
10.1. VORTEX BLADELESS
10.1.1. Business Overview
10.1.2. Services offered
10.1.3. Recent Developments
10.1.4. MnM View
10.2. HALCIUM ENERGY INC.
10.3. VESTAS GENERAL ELECTRIC (GE)
10.4. GAMESA
10.5. ENERCON GMBH
10.6. SENVION
10.7. NORDEX SE
10.8. GOLDWIND
10.9. SUZLON ENERGY LIMITED
10.10. ENVISION ENERGY
10.11. SIEMENS ENERGY
10.12. GE RENEWABLE ENERGY
10.13. PACWIND
10.14. MITSUBISHI HEAVY INDUSTRIES
10.15. SIEMENS GAMESA RENEWABLE ENERGY
11 Appendix
11.1. INSIGHTS OF INDUSTRY EXPERTS
11.2. DISCUSSION GUIDE
11.3. RELATED REPORT
11.4. AUTHOR DETAILS
* Additional Segments, Countries and Companies may be added during the course of the study
*Company revenues will be provided for three years (including the base year). The base year used for company profiles will be 2021. Wherever information is unavailable for the base year, the previous year data will be considered.
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
Growth opportunities and latent adjacency in Bladeless Wind Turbine Market