Lewes, DE -- (SBWIRE) -- 03/02/2018 -- Report forecast the global vertical axis wind turbine market to grow at a CAGR of 14.98% during the period 2018-2022.

Vertical axis wind turbines are types of wind turbines where the main rotor shaft runs vertically. They are not required to be pointed into the wind. These wind turbines have the capability to catch wind from all directions.

The report covers the present scenario and the growth prospects of the global vertical axis wind turbine market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of vertical axis wind turbine.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is Rising investments in renewable energy. A positive consequence of reduced carbon emissions is the growth in clean energy technology. The transition from fossil fuels and conventional sources of energy to renewable sources, such as wind and solar, is the key to achieving social, economic, and environmental development. As per the IEA, in 2016, global investments in renewable energy was over $300 billion.

Further, the report states that one of the major factors hindering the growth of this market is Competition from alternate sources of energy. Wind energy faces competition from other sources of energy, such as fossil fuels, solar, and hydropower. Though the installation of wind energy systems cost lesser than solar PV systems, the competition in the emerging markets, such as Chile and Mexico are high. In addition, in windy places, such as Argentina, prices of solar PV are reducing sufficiently enough to compete with wind energy prices.

Global Vertical Axis Wind Turbine Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global vertical axis wind turbine market: ArborWind, Envergate Energy, Oy Windside Production, Royall Power (a company of Ark Alloy), SAWT, and V-Air Wind Technologies.

Market driver
- Rising investments in renewable energy
- For a full, detailed list, view our report

Market challenge
- Competition from alternate sources of energy
- For a full, detailed list, view our report

Market trend
- Adoption of hybrid street lighting system
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 108 pages "Global Vertical Axis Wind Turbine Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Customer Landscape, Market Segmentation By End-User, Market Segmentation By Product, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.

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