The ferris wheel-like design of lateral axis wind turbines, with the blades operating in an epicyclical path around the turbine’s central shaft, has many advantages as compared to the traditional vertical and horizontal axis designs, say the author at Transparency Market Research. Lateral axis wind turbines can revolve with the direction of the wind, generate less sound, can be manufactured at low cost using locally available materials, and are safer for bats and birds. These turbines can generate up to 20 MW of electricity for commercial use, says the report authors.
However, the higher number of moving parts in this design as compared to the traditional ones is projected to increase the necessity for more maintenance, which would essentially translate into higher operational costs of the overall wind power project. That said, lateral axis wind turbines could be highly suitable for rural applications such as powering water pumps and other small farming operations. The technology holds immense scope for growth in developed markets for wind power such as North America and Europe. Europe, especially, could emerge as one of the key takers of the technology owing to the vast funds being invested for the development of wind energy under several plans and regulations founded to increase the region’s utilization of renewable energy sources. The U.S. could also emerge a potentially high-growth region for the lateral axis wind turbine market owing to encouraging policies and vast funds invested by the U.S. Department of Energy (DoE) for the development of advanced technologies in the field of renewable energy.
Filed Under: News, Turbines