Lateral Axis Wind Turbine Market Global Industry Analysis 2016 - 2024

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Lateral Axis Wind Turbine Market - Global
Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
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REPORT DESCRIPTION
Global Lateral Axis Wind Turbine Market: Overview
The global market for wind power is undoubtedly one of the most researched and dynamically developing areas of the
renewable energy sector. Experiments with the blades of a wind turbine in terms of shape, size, spinning direction,
material, and other aspects having a direct impact on the efficiency of a wind turbine are taking place at a rapid pace in
the global market. The scope of the efficiency of wind turbines is being constantly extended and new technologies are
gaining increased recognition from public and private funding bodies.
This report examines the future scope of development of the lateral axis wind turbine technology - the newest entrant in
the highly dynamic field of wind turbines. The scope of growth in the market for lateral axis wind turbines, with the
technology still in its conceptual state, will be determined by the way funds are received and the technology is refined in
the near future.
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The report identifies the growth potential of this novel wind turbine technology, the scope of future development, demand
and supply potential, and the key regions that can act as the much-needed breeding ground for this technology to reach
the mainstream market. A detailed overview of the way alternative technologies will compete with the lateral axis wind
turbine technology is also included in the report, allowing the reader a clear understanding of the attractiveness of this
technology for the global wind energy market.
The present state of government and private funding and investment in novel technologies in the field of wind power
along with an overview of the regions with the most encouraging investment policies are also examined in the report. A
detailed section highlighting the prominent technology companies operating in the field of wind turbines, with details such
as their recent strategies, alliances, product and services portfolio, financial standing, and the scope of investment in
lateral axis wind turbines is included.
Global Lateral Axis Wind Turbine Market: Drivers and Restraints
The Ferris Wheel-like design of lateral axis wind turbines, with the turbine blades operating in an epicyclical path
around the turbine’s central shaft, has many advantages as compared to the traditional vertical and horizontal axis
designs. Lateral axis wind turbines can revolve with the direction of the wind, generate less sound, can be manufactured
at low cost using locally available materials, and are safer for bats and birds. These turbines can generate up to 20 MW of
electricity for commercial use.
However, the higher number of moving parts in this design as compared to the traditional ones is projected to increase
the necessity for more maintenance, which would essentially translate into higher operational costs of the overall wind
power project. That said, lateral axis wind turbines could be highly suitable for rural applications such as powering water
pumps and other small farming operations.
Global Lateral Axis Wind Turbine Market: Geographical Overview
The technology holds immense scope for growth in developed markets for wind power such as North America and Europe.
Europe, especially, could emerge as one of the key takers of the technology owing to the vast funds being invested for the
development of wind energy under several plans and regulations founded to increase the region’s utilization of renewable
energy sources. The U.S. could also emerge a potentially high-growth region for the lateral axis wind turbine market owing
to encouraging policies and vast funds invested by the U.S. Department of Energy (DoE) for the development of advanced
technologies in the field of renewable energy.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data,
and verifiable projections about market size. The projections featured in the report have been derived using proven
research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to: Regional markets, technology, types, and
applications.
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Transparency Market Research (TMR) is a market intelligence company providing global business research
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Global Lateral Axis Wind Turbine Market: Overview The global market for wind power is undoubtedly one of the most researched and dynamically developing areas of the renewable energy sector. Experiments with the blades of a wind turbine in terms of shape, size, spinning direction, material, and other aspects having a direct impact on the efficiency of a wind turbine are taking place at a rapid pace in the global market. The scope of the efficiency of wind turbines is being constantly extended and new technologies are gaining increased recognition from public and private funding bodies. Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17009