[FURL=https://www.industryarc.com/Report/19385/airborne-wind-energy-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Airborne Wind Energy Market[/FURL] is forecast to reach $180 million by 2025, growing at a CAGR 12.6% from 2020 to 2025. Airborne wind energy (AWE) is a technique used by rotors or turbines to generate electricity from wind currents supported in the air without any tower being mounted on the ground. Compared to conventional wind turbines, airborne wind energy is a unique concept for harvesting wind energy with lower set-up and operating costs. Scientists have been encouraged to search for new ways to generate power through non-conventional energy sources, constantly increasing the need for clean and endless energy sources. However, the use of such non-conventional energy sources involves problems such as the power source's control and continuity. In order to overcome the aforementioned issues, airborne wind energy is considered a superior alternative for power generation. Demand for airborne wind energy is expected to accelerate at a rapid pace in the years to come. Several major European countries are involved in program such as Roadmap2050, developed to reduce the carbon percentage.Key Takeaways
Significant advantages over conventional wind turbines are offered by airborne wind energy systems, such as easy control of the energy harvester, nearly uninterrupted energy supply and less risk of damage due to adverse weather conditions. Because of the merits of airborne wind energy (AWE) systems, the market is expected to grow at a substantial rate over the next few years.
The growth of the European Airborne Wind Energy (AWE) Systems Market is expected to be in a moderate phase, with various efforts initiated by governments across the region by framing energy policies that encourage the movement towards alternative and clean energy solutions.
Because airborne wind energy is much less damaging and intrusive than traditional wind turbines, it is disruptive.
Increasing awareness of climate change and environmental degradation is promoting the implementation of sustainable energy strategies by many manufacturers and investing heavily in environmentally friendly power generation technologies that are further projected to promote sustainable development among countries across the globe.
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Airborne Wind Energy Market Drivers
Low capital costs and easy transportability
Airborne wind energy is disruptive, because it is much less damaging and intrusive than the traditional wind turbine.
Airborne Wind Energy Market top 10 companies Ampyx Power, E-Kite Netherlands BV, EnerKite GmbH, Altaeros Energies, eWind Solutions, Kite Power Solutions, Ltd., Kite Gen Research, Makani Power, SkySails GmbH & Co. KG, Windlift LLC, Twingtec AG, Omnidea, Lda, Kitenergy S.r.l., kPower LLC, KiteMill
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