Diffuser Augmented Wind Turbine (DAWT) Market - Forecast(2023 - 2028)

Diffuser Augmented Wind Turbine (DAWT) market is anticipated to reach $7.69 billion by 2026, growing at a CAGR of 6.21% during the forecast period 2021-2026. Diffuser Augmented Wind Turbines

(DAWT) is a type of wind turbine that uses a Diffuser to accelerate and guide air flow onto the rotor blades of a wind turbine, allowing for greater rpm and power production. The need for electrical power and energy on a global scale is steadily growing. With fossil fuel resources decreasing, attention has moved to renewable energy generation as a means of making anthropogenic energy use and demand more sustainable. This development is being fueled by a number of causes.

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Key Takeaways

• Europe Diffuser Augmented Wind Turbine (DAWT) market held the largest share in 2020, owing to factors including rise in investments and governmental measures to increase Diffuser Augmented Wind Turbine (DAWT) generation capacities.

• Growing demand for power in coastal areas, and growing focus towards green energy sources.

• Rapid development in the renewable energy sector and an increase in demand for electricity from the marine industry.

Diffuser Augmented Wind Turbine (DAWT) Market Segment Analysis - By Location

This market is segmented into onshore, offshore on the basis of location type. Offshore segment is anticipated to witness significant amount of growth with a CAGR of 6.18% in the forecast period 2021-2026. Due to the constant wind flow at the seashore, an offshore wind turbine with diffuser has a high capacity factor. Offshore wind turbines, for instance, have a capacity factor of 0.5-0.7, but onshore wind turbines have a capacity factor of 0.25-0.3.

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