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Airborne Wind Energy Market Forecast to Reach $180 Million by 2025 Energy Efficiency Improvements, Including the Use of Renewable Energy Sources, Such as Hydro and Wind Power, Are Expected to Drive Market Growth Over the Forecast Period.
Airborne Wind Energy
BriefingWire.com, 4/16/2021 - Airborne Wind Energy Market 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 energ