Vertical Axis Wind Turbine Market Size, Share, Opportunities, And Trends By Model Type (Savonius Model, Darrieus Model), By Application (Small Wind Projects, Residential Application, Pumping Water), And By Geography - Forecasts From 2025 To 2030

Description

Vertical Axis Wind Turbine Market Size:

Vertical Axis Wind Turbine Market is projected to expand at a 5.05% CAGR, attaining USD 2.737 billion by 2030 from USD 2.140 billion in 2025.

A specific type of wind turbine known as a vertical-axis wind turbine (VAWT) has its primary rotor shaft pointed perpendicular to the direction of the wind and its major components located at the base of the turbine. This configuration makes it possible for the generator and gearbox to be situated near the ground, making maintenance and repairs easier. The development of highly effective wind turbines has increased wind production, resulting in profitability and a holistic solution for the installation of wind turbines which is expected to boost the market growth. The installed wind energy capacity worldwide has significantly expanded, from 180,846 MW in 2010 to 622,408 MW in 2019, according to the International Renewable Energy Agency (IRENA), which indicates a trend in the future expansion of the vertical axis wind turbine market. Additionally, the market is being driven by the growing awareness of the use of renewable energy, as wind power generators are one of the quickly deploying sources due to their advantages over other energy sources, such as the cost-effectiveness of wind power and land-based utility-scale wind which will boost the vertical axis wind turbine market growth.

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Vertical Axis Wind Turbine Market Growth Drivers:

• Increasing investments in wind energy are augmenting the turbine demand. 

Wind energy is produced at a fixed price over an extended period, decreasing the price turbulence fuel adds to conventional energy sources. The demand for wind energy has increased due to production tax incentives and improvements in the efficiency of wind power technologies, which have made wind energy very affordable. Wind energy installation has expanded, improving wind energy production, thereby rapidly boosting the demand for vertical-axis wind turbines. For instance, according to the IEA, wind energy production increased by 273 TWh (up 17%) in 2021. It grew at the fastest rate of any renewable energy technology, 55% faster than in 2020. Also, as per the same source, wind energy is the most prevalent non-hydro renewable energy source, with 1870 TWh produced in 2021. Wind technologies' operational costs are lower than competing technologies, due to which turbines and generators run in an automated mode with minimum maintenance required during their lifetime. Such factors are majorly driving the demand for wind energy and boosting the vertical axis wind turbine market growth.

• The rising vertical axis wind turbine projects will boost market growth.

The vertical axis wind turbines are built so that they do not require wind-sensing or orientation devices since they do not need to be pointed in the direction of the wind. These turbines are increasingly being used to provide localized power, particularly for new projects, and can be installed much closer to the ground, making them ideal for rooftop arrays. The rising vertical axis wind turbine projects by the market players will boost market growth at a rapid pace. In January 2020, a new project was launched by two Turkish universities, Karadeniz Technical University (KTÜ) in Trabzon and Kahramanmara Sütçü mam University (KSÜ), which allowed mosques to generate energy using wind turbines. The vertical axis wind turbines were installed on the minarets and rooftops of mosques to generate electricity. In September 2019, SeaTwirl launched the S2 floating wind turbine project, which the European Commission funded for €2.48 million. SeaTwril is a vertical-axis wind turbine with a tower mounted on an underwater construction that includes a buoyancy component and a keel at its base.

Vertical Axis Wind Turbine Market Geographical Outlook:

• During the forecast period, the Asia Pacific region will dominate the market.

Asia Pacific is expected to dominate the vertical axis wind turbine market during the forecast period. The demand for wind turbines particularly industrial and residential-scale models, has enormous growth potential. For instance, according to IEA, China has an installed capacity of 288.3 GW as of 2020 and was responsible for around 70% of the growth in wind output in 2021. It has the largest wind power-producing capacity worldwide. In 2020, the nation installed 25.65 MW more SWTs, bringing its total installed capacity to 610.6 MW. According to the Press Information Bureau, the fourth-largest installed wind power capacity in the world is in India, with a total capacity addition of 1761.28 MW which has been achieved from January to October 2022. This shows the potential of the Asia Pacific region in the wind energy sector. Due to the increase in wind energy production, the requirement for vertical axis wind turbines will rise, which is expected to boost the overall market growth during the forecasted period.

Market Segmentation:

• VERTICAL AXIS WIND TURBINE MARKET BY MODEL TYPE
  • Savonius
  • Darrieus
• VERTICAL AXIS WIND TURBINE MARKET BY POWER OUTPUT
  • Up to 300 W
  • 300 to 500 W
  • Greater than 500 W
• VERTICAL AXIS WIND TURBINE MARKET BY APPLICATION
  • Residential Application
  • Small Wind Projects
  • Others
• VERTICAL AXIS WIND TURBINE MARKET BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
    2.1. Market Overview
    2.2. Market Definition
    2.3. Scope of the Study
    2.4. Market Segmentation
3. BUSINESS LANDSCAPE
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Porter’s Five Forces Analysis
    3.5. Industry Value Chain Analysis
    3.6. Policies and Regulations
    3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. VERTICAL AXIS WIND TURBINE MARKET BY MODEL TYPE
    5.1. Introduction
    5.2. Savonius
    5.3. Darrieus
6. VERTICAL AXIS WIND TURBINE MARKET BY POWER OUTPUT
    6.1. Introduction
    6.2. Up to 300 W
    6.3. 300 to 500 W
    6.4. Greater than 500 W
7. VERTICAL AXIS WIND TURBINE MARKET BY APPLICATION
    7.1. Introduction
    7.2. Residential Application
    7.3. Small Wind Projects
    7.4. Others
8. VERTICAL AXIS WIND TURBINE MARKET BY GEOGRAPHY
    8.1. Introduction
    8.2. North America
        8.2.1. USA
        8.2.2. Canada
        8.2.3. Mexico
    8.3. South America
        8.3.1. Brazil
        8.3.2. Argentina
        8.3.3. Others
    8.4. Europe
        8.4.1. Germany
        8.4.2. France
        8.4.3. United Kingdom
        8.4.4. Spain
        8.4.5. Others
    8.5. Middle East and Africa
        8.5.1. Saudi Arabia
        8.5.2. UAE
        8.5.3. Israel
        8.5.4. Others
    8.6. Asia Pacific
        8.6.1. China
        8.6.2. India
        8.6.3. Japan
        8.6.4. South Korea
        8.6.5. Indonesia
        8.6.6. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
    9.1. Major Players and Strategy Analysis
    9.2. Market Share Analysis
    9.3. Mergers, Acquisitions, Agreements, and Collaborations
    9.4. Competitive Dashboard
10. COMPANY PROFILES
    10.1. IYSERT Energy
    10.2. VWT Power Ltd.
    10.3. Arborwind llc
    10.4. LuvSide GmbH
    10.5. Leading Edge Power
    10.6. Lux Wind Power
    10.7. Royall Products, LLC
    10.8. Wind Harvest International, Inc.
    10.9. Oy Windside Production Ltd
    10.10. KLiUX energies
11. OAPPENDIX
    11.1. Currency
    11.2. Assumptions
    11.3. Base and Forecast Years Timeline
    11.4. Key benefits for the stakeholders
    11.5. Research Methodology
    11.6. Abbreviations
LIST OF FIGURES
LIST OF TABLES

Companies Profiled

IYSERT Energy

VWT Power Ltd

Arborwind llc

LuvSide GmbH

Leading Edge Power

Lux Wind Power

Royall Products, LLC

Wind Harvest International, Inc

Oy Windside Production Ltd

KLiUX energies

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