Lateral Axis Wind Turbine Market Global Industry Analysis 2016 - 2024 Nov 2016 | Page 3

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 .
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 .
Global Lateral Axis Wind Turbine Market : Geographical Overview
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 .
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