Air Borne Wind Energy (AWE) System Market is a technique to generate electricity from wind currents with the help of rotors or turbines supported in the air without any tower installed on the ground. Airborne wind energy is a unique concept to harvest wind energy with lower setup and operating cost as compared to conventional wind turbines. Conventional wind turbines have a limitation with respect to the height of the structure and speed control. However, airborne wind energy (AWE) systems have the capabilities to tap high velocity and steady winds found above a certain altitude. In addition, this technique is more economical and efficient as compared to other conventional horizontal and vertical axis wind energy turbines in terms of energy generation and stability.

Rising carbon percent and increasing atmospheric temperature have greatly affected the atmospheric condition in the past few years. Numerous environmental organizations and government agencies across the globe have been increasingly concerned towards reducing pollution caused by the fossil fuel for energy generation. Therefore, adoption of new non-conventional energy sources such as airborne wind energy (AWE) systems has been boosted significantly in the recent times. Several developed countries including the U.S., the U.K., the Netherlands, and Germany, among others have started to harvest airborne wind energy (AWE) for power generation. In addition, multiple strategic alliances between airborne wind energy (AWE) system manufacturers and research centers have resulted in further development of pre-existing designs. Heavy investments made by many multinational companies for making the airborne wind energy (AWE) systems efficient and cost effective is one of the prime driving factor in the airborne wind energy (AWE) systems market.

The report titled “Airborne Wind Energy Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global airborne wind energy market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on type and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading airborne wind energy (AWE) system manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include 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, and KiteMill. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the airborne wind energy (AWE) system
• Market fuelers, market impediments, and their impact on the market growth
• Market inclination insights and key trend analysis for airborne wind energy (AWE) system market
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global airborne wind energy (AWE) system market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors. 

The global airborne wind energy (AWE) systems market is segmented, based on its type, into following categories:

• Kites
• Lifting Balloons
• Drones

As of 2016, the kite type dominated the overall airborne wind energy (AWE) market worldwide in terms of revenue. The usage of kites in airborne wind energy (AWE) systems is simple and an effective method for converting wind energy into useful power. Kites can tap the wind at higher altitudes and can be controlled easily when compared with other types. Major airborne wind energy (AWE) providers have been focusing on improving the current design to derive more clean energy continuously. With consistently improving designs, the demand for the kite type of airborne wind energy (AWE) systems is expected to grow significantly in the following years.

As of 2016, lifting balloon type of airborne wind energy (AWE) systems trailed the kite type in terms of revenue in the overall airborne wind energy (AWE) market. In this variant, a turbine supported by a big lifting balloon filled with inert gas is used to convert the wind energy into mechanical motion. A variety of balloons are available with different specifications and shapes to harness wind energy. Airborne wind energy (AWE) providers have been consistently working towards improving the design of balloons and accessories in order to achieve enhanced efficiency and productivity. Owing to the aforementioned factors, the market for the balloon type airborne wind energy (AWE) systems is expected to grow consistently throughout the forecast period from 2017 to 2025. 

Europe dominated the overall airborne wind energy (AWE) systems market in terms of revenue, as of 2016. Growing need of clean and continuous energy has uplifted the overall airborne wind energy (AWE) systems in numerous countries across Europe including the U.K., the Netherlands and Germany, among others. In addition, government policies such as Roadmap 2050 have further encouraged European airborne wind energy (AWE) systems manufacturers to accelerate their work towards new AWE installations. With strong presence of multiple airborne wind energy (AWE) systems manufacturers and rising trend of non-conventional energy sources, the overall market for the airborne wind energy (AWE) systems is expected to remain strong in the European region.

As of 2016, North America trailed Europe in the overall airborne wind energy (AWE) systems market. Companies such as Google, Inc. and the U.S. Advanced Research Projects Agency have been investing heavily for the development for airborne wind energy (AWE) systems. In addition, airborne wind energy (AWE) systems developers in this region are all set to commercialize their AWE system in the next few years. Therefore, the reliance on fossil fuel for energy generation is expected to diminish with the growth in the airborne wind energy (AWE) systems in the following years in this region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Airborne Wind Energy (AWE) Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Airborne Wind Energy (AWE) Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Airborne Wind Energy (AWE) Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Airborne Wind Energy (AWE) Systems market?
• Which is the largest regional market for Airborne Wind Energy (AWE) Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Airborne Wind Energy (AWE) Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Airborne Wind Energy (AWE) Systems market worldwide?