Asia Pacific is expected to be the largest market for vortex turbine, accounting for over 39% of the market share in 2023. The growth of the market is attributed to rapid industrialization and growing electricity demand in the region.
North America is expected to be the Second largest market for vortex turbine during the forecast period, accounting for over 19% of the market share in 2023. The growth of the market in North America is attributed to supportive government policies and rising investments in renewable energy projects.
Europe: The market in this region could be driven by the increasing focus on renewable energy sources and government initiatives supporting wind energy
Middle East & Africa is expected to be the fastest-growing market for vortex turbine, growing with a CAGR of over 10% during the forecast period. The growth of the market in the Middle East & Africa is attributed to a growing focus on diversifying energy mix and reducing dependence on fossil fuels.
Geographies covered:
North America: U.S. and Canada
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, Central Africa, and Rest of Middle East