Bladeless Wind Turbine Market Size, Trends & Forecast [2031]
Bladeless Wind Turbine Market Size, Trends & Forecast [2031]
Segments - Bladeless Wind Turbine Market by Component (Alternator, Tuning System, Core, Base, and Others), Application (Marine Off-Grid Systems, IT & Telecom, Remote Telemetry, Agriculture, Rail Signaling, Domestic Purposes, and Others), End-user (Residential, Commercial, and Industrial), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :EP-5528
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Report Description
The global bladeless wind turbine market size was valued at USD 58.6 Billion in 2022 and is likely to reach USD 126.23 Billion by 2031, expanding at a CAGR of 8.9% during 2023 – 2031. The market growth is attributed to the increasing demand for renewable electricity generation solutions to reduce greenhouse emissions.
The global shift towards the utilization of green energy is mainly due to the rising concern about greenhouse emissions and global warming, which contribute to the expansion of bladeless wind turbines. These turbines are replacing traditional wind turbines due to the growing incidence of bird collisions.
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According to the report published by Birdfact on July 14, 2022, an estimated 100,000 to 450,000 birds are killed by wind turbines annually in the US.
The bladeless wind turbine is an advanced technology that uses vortex-induced vibration to harness the power of the wind. It eliminates the requirement for rotatory blades, which leads to less noise compared to traditional wind turbines, making them suitable for use in urban areas where noise pollution is a concern. These wind turbines are typically utilized in coastal regions or open landscapes. Bladeless wind turbines are found in both small and large-scale applications to contribute power to electric grids and households.
The COVID-19 pandemic hampered the global bladeless wind turbine market. A sudden disruption in the global supply chain due to the emergency lockdown and traveling restrictions led to a lack of availability of equipment required for power generation. This resulted in project delays and increased costs of equipment. Furthermore, the economic downturn has decreased investments in renewable energy projects, which slowed down the revenue generation of the market.
Bladeless Wind Turbine Market Dynamics
Major Drivers
Increasing demand for renewable energy sources is expected to drive the market. The world is experiencing the hazardous impact of rising temperatures or global warming. Bladeless wind turbines harness winds to produce electricity. This technology helps to decrease the dependence on fossil fuels to generate electricity. Furthermore, governments are heavily investing in renewable energy projects, including bladeless wind turbines to meet the energy demand in an eco-friendly way.
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According to the World Nuclear Association, over 40% of carbon dioxide emission is due to fossil fuels use in electricity production.
The rising preference for offshore wind energy to produce a huge amount of electricity is another driver in the market. Offshore wind energy refers to the use of wind turbines placed on water bodies. They are installed in oceans or lakes to harness wind power for electricity. These offshore places typically contain stronger consistent winds for higher electricity production. Offshore wind energy has the capacity to produce about 63,200 MW of electricity.
Existing Restraints
The lack of efficiency of bladeless turbines in producing electricity is expected to hinder the market. This technology is in its initial phase and not fully advanced, which may affect competitiveness and market potential. Bladeless wind turbines are costlier and generate less electricity compared to traditional wind turbines. However, the maximum energy output is important in large-scale utility, which may encourage consumers to limit the use of bladeless wind turbines.
Emerging Opportunities
Increasing technological advancements in bladeless wind turbines are expected to create immense opportunities for the major player competing in the market. Thus, manufacturers are investing in R&D to improve the efficiency, reliability, and performance of bladeless wind turbines. Moreover, governments are implementing several policies for the adoption of clean and sustainable energy sources which accelerates the market.
Scope of the Bladeless Wind Turbine Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Bladeless Wind Turbine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Component (Alternator, Tuning System, Core, Base, and Others), Application (Marine Off-Grid Systems, IT & Telecom, Remote Telemetry, Agriculture, Rail Signaling, Domestic Purposes, and Others), and End-user (Residential, Commercial, and Industrial) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Enercon; GENERAL ELECTRIC; Aeromine Technologies; Goldwind Americas; MITSUBISHI HEAVY INDUSTRIES, LTD.; NORDEX SE; Senvion S.A.; Siemens Energy; Vestas; Altair Engineering Inc.; Nord-Lock International AB; and VORTEX BLADELESS |
Bladeless Wind Turbine Market Segment Insights
Component Segment Analysis
Based on component, the bladeless wind turbine market is divided into alternators, tuning systems, cores, bases, and others. The tuning system segment is anticipated to register a robust growth rate in the coming years, owing to the increasing demand for efficient and reliable power generation. The tuning systems efficiently convert the captured wind energy into a steady supply of electricity. Advancements in the tuning systems, such as better electromagnet design, improved control algorithms, and higher power density generator contributes to high electricity production, which further boost the segment.
Application Segment Analysis
On the basis of application, the market is classified as marine off-grid systems, IT & telecom, remote telemetry, agriculture, rail signaling, domestic purposes, and others. The domestic purposes segment is estimated to hold a major market share during the forecast period, due to the growing demand for decentralized power generation, particularly in residential areas.
A bladeless wind turbine is an efficient way for household purposes to meet energy needs. This further decreases the dependence on traditional power grids and significantly reduces electricity bills. Moreover, advancements in technology have made bladeless wind turbines more efficient and cost-effective for domestic purposes.
The agriculture segment is expected to grow at a significant CAGR during the projection period, as bladeless wind energy solutions are reliable and cost-effective for smart agriculture operations. They have fewer moving parts compared to traditional wind turbines resulting in reduced maintenance costs. Furthermore, their compact design and reduced noise levels make them compatible with farming activities.
End-user Segment Analysis
In terms of end-user, the bladeless wind turbine market is fragmented into residential, commercial, and industrial. The residential segment is estimated to hold a key market share during the projected period due to the growing demand for renewable energy solutions at the household level. Homeowners are seeking ways to decrease their dependency on traditional energy sources. Bladeless wind turbines provide an efficient solution for residential energy generation allowing homeowners to produce their own electricity from wind power.
Regional Outlook
In terms of region, the global bladeless wind turbine market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market in the coming years due to the increasing investments in renewable energy projects, including wind power. Governments and private entities in countries like China, India, and Japan have implemented favorable policies to promote renewable energy adoption. This encourages consumers to deploy bladeless wind turbines in farming and residential places. Furthermore, rapid urbanization and industrialization result in rising demand for energy which creates new opportunities in the market.
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For instance, China is the leader in wind and solar energy production, while India ranks fourth in renewable energy installed capacity.
The market in North America is expected to expand at a rapid pace during the assessment period, as this region is highly adopting clean energy solutions to reduce carbon emissions and mitigate the effects of climate change. Furthermore, rising investment and favorable policies to support renewable energy technologies, including bladeless wind turbines drive the market in the region.
Segments
The global bladeless wind turbine market has been segmented on the basis of
Component
- Alternator
- Tuning System
- Core
- Base
- Others
Application
- Marine Off-Grid Systems
- IT & Telecom
- Remote Telemetry
- Agriculture
- Rail Signaling
- Domestic Purposes
- Others
End-user
- Residential
- Commercial
- Industrial
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Enercon
- Aeromine Technologies
- GENERAL ELECTRIC
- Goldwind Americas
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- NORDEX SE
- Senvion S.A.
- Siemens Energy
- Vestas
- Altair Engineering Inc.
- Nord-Lock International AB
- VORTEX BLADELESS
Competitive Landscape
Key players competing in the global bladeless wind turbine market are Enercon; Aeromine Technologies; GENERAL ELECTRIC; Goldwind Americas; MITSUBISHI HEAVY INDUSTRIES, LTD.; NORDEX SE; Senvion S.A.; Siemens Energy; Vestas; Altair Engineering Inc.; Nord-Lock International AB; and VORTEX BLADELESS.
The integration of smart technologies, partnerships, mergers, reduction in production costs, and development of new products are helping out prominent players to boost their market share. For instance,
On October 16, 2022, Aeromine Technologies, a global provider of customizable bladeless wind energy systems, introduced a new bladeless wind energy solution that is able to provide 50% more energy at a similar cost to rooftop solar PV. This technology is designed to capture and amplify each building's airflow by using aerodynamics similar to airfoils on a race car.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Bladeless Wind Turbine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bladeless Wind Turbine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bladeless Wind Turbine Market - Supply Chain
4.5. Global Bladeless Wind Turbine Market Forecast
4.5.1. Bladeless Wind Turbine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bladeless Wind Turbine Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Bladeless Wind Turbine Market Absolute $ Opportunity
5. Global Bladeless Wind Turbine Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Bladeless Wind Turbine Market Size and Volume Forecast by Applications
5.3.1. Marine Off-Grid Systems
5.3.2. IT & Telecom
5.3.3. Remote Telemetry
5.3.4. Agriculture
5.3.5. Rail Signaling
5.3.6. Domestic Purposes
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Bladeless Wind Turbine Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Bladeless Wind Turbine Market Size and Volume Forecast by End Users
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Bladeless Wind Turbine Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Bladeless Wind Turbine Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Bladeless Wind Turbine Demand Share Forecast, 2019-2026
8. North America Bladeless Wind Turbine Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Bladeless Wind Turbine Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Bladeless Wind Turbine Market Size and Volume Forecast by Applications
8.4.1. Marine Off-Grid Systems
8.4.2. IT & Telecom
8.4.3. Remote Telemetry
8.4.4. Agriculture
8.4.5. Rail Signaling
8.4.6. Domestic Purposes
8.4.7. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Bladeless Wind Turbine Market Size and Volume Forecast by End Users
8.7.1. Residential
8.7.2. Commercial
8.7.3. Industrial
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Bladeless Wind Turbine Demand Share Forecast, 2019-2026
9. Latin America Bladeless Wind Turbine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Bladeless Wind Turbine Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Bladeless Wind Turbine Market Size and Volume Forecast by Applications
9.4.1. Marine Off-Grid Systems
9.4.2. IT & Telecom
9.4.3. Remote Telemetry
9.4.4. Agriculture
9.4.5. Rail Signaling
9.4.6. Domestic Purposes
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Bladeless Wind Turbine Market Size and Volume Forecast by End Users
9.7.1. Residential
9.7.2. Commercial
9.7.3. Industrial
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Bladeless Wind Turbine Demand Share Forecast, 2019-2026
10. Europe Bladeless Wind Turbine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Bladeless Wind Turbine Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Bladeless Wind Turbine Market Size and Volume Forecast by Applications
10.4.1. Marine Off-Grid Systems
10.4.2. IT & Telecom
10.4.3. Remote Telemetry
10.4.4. Agriculture
10.4.5. Rail Signaling
10.4.6. Domestic Purposes
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Bladeless Wind Turbine Market Size and Volume Forecast by End Users
10.7.1. Residential
10.7.2. Commercial
10.7.3. Industrial
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Bladeless Wind Turbine Demand Share Forecast, 2019-2026
11. Asia Pacific Bladeless Wind Turbine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Bladeless Wind Turbine Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Bladeless Wind Turbine Market Size and Volume Forecast by Applications
11.4.1. Marine Off-Grid Systems
11.4.2. IT & Telecom
11.4.3. Remote Telemetry
11.4.4. Agriculture
11.4.5. Rail Signaling
11.4.6. Domestic Purposes
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Bladeless Wind Turbine Market Size and Volume Forecast by End Users
11.7.1. Residential
11.7.2. Commercial
11.7.3. Industrial
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Bladeless Wind Turbine Demand Share Forecast, 2019-2026
12. Middle East & Africa Bladeless Wind Turbine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Bladeless Wind Turbine Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Bladeless Wind Turbine Market Size and Volume Forecast by Applications
12.4.1. Marine Off-Grid Systems
12.4.2. IT & Telecom
12.4.3. Remote Telemetry
12.4.4. Agriculture
12.4.5. Rail Signaling
12.4.6. Domestic Purposes
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Bladeless Wind Turbine Market Size and Volume Forecast by End Users
12.7.1. Residential
12.7.2. Commercial
12.7.3. Industrial
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Bladeless Wind Turbine Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Bladeless Wind Turbine Market: Market Share Analysis
13.2. Bladeless Wind Turbine Distributors and Customers
13.3. Bladeless Wind Turbine Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Enercon
13.4.2. Aeromine Technologies
13.4.3. GENERAL ELECTRIC
13.4.4. Goldwind Americas
13.4.5. MITSUBISHI HEAVY INDUSTRIES, LTD.
13.4.6. NORDEX SE
13.4.7. Senvion S.A.
13.4.8. Siemens Energy
13.4.9. Vestas
13.4.10. Altair Engineering Inc.
13.4.11. Nord-Lock International AB
13.4.12. VORTEX BLADELESS
Methodology
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