The global small wind market is expected to cross USD 1.79 billion by 2025. Small wind turbines find regular use in developed and developing economies and are basically used in rural areas across the domestic and international market. Small wind turbines are specifically used to power business institutions, schools, colleges, farms, and various other entities.

 

Overall, the small wind turbines are developed to cater to domestic and international market. Currently, the market trends incorporate energy needs to be driven by rural to urban migration, rise in per capita income, manufacture of energy based products, and worldwide growth in energy services.

 

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Small Wind industry is driven by factors such as rise in consciousness about renewable energy coupled with government regulation due to increasing carbon footprint and rise in global population. Surge in energy crisis, increase in fuel costs, and high dependence on non-renewable energy sources is likely to create favorable market conditions for small wind market in the near future.

 

“Mode of Installation” segment for small wind industry comprises on-grid and off-grid. Off-grid applications are expected to account for a significant growth during the forecast period due to rise in demand for off-grid application from the medium and large enterprises. Application segment consists of small-scale industries, domestic and commercial. Small-scale and commercial industries are likely to gain a significant CAGR in the forecast period owing to wide availability and affordability.

 

Type segmentation for small wind market is inclusive of horizontal axis wind turbine and vertical axis wind turbine. Vertical axis wind turbine is expected to account for a significant growth during the forecast period due to preference of installation. Geographical segmentation for small wind industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific market is expected to gain a significant CAGR in the forecast period due to increase in support by government for installation of wind turbines, rise in investment for wind energy projects and lowing of taxes to encourage the use of wind turbines at large.

 

North American market is likely to gain a positive traction in the forthcoming period due to rise in environmental awareness and stringent rules by government over usage of resources. Middle East and African countries have already taken positive initiatives towards this concern and is likely to create a remarkable CAGR in the following years. The key players in the small wind market include Bergey Power Systems Inc, Bergey Wind Power Co, Kingspan Group Plc, Endurance Wind Power Plc, ZKEnergy Technology Co Ltd., and Xzeres Wind Corporation.

 

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Market Segment:

Application Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
    • On Grid
    • Off Grid

 

Axis Type Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
    • Horizontal Axis Wind Turbines
    • Vertical Axis Wind Turbines

 

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The global small wind market is expected to cross USD 1.79 billion by 2025. Small wind turbines find regular use in developed and developing economies and are basically used in rural areas across the domestic and international market. Small wind turbines are specifically used to power business institutions, schools, colleges, farms, and various other entities.

 

Overall, the small wind turbines are developed to cater to domestic and international market. Currently, the market trends incorporate energy needs to be driven by rural to urban migration, rise in per capita income, manufacture of energy based products, and worldwide growth in energy services.

 

Request a Free Sample Copy of Small Wind Market Report @ https://www.millioninsights.com/industry-reports/small-wind-market/request-sample

 

Small Wind industry is driven by factors such as rise in consciousness about renewable energy coupled with government regulation due to increasing carbon footprint and rise in global population. Surge in energy crisis, increase in fuel costs, and high dependence on non-renewable energy sources is likely to create favorable market conditions for small wind market in the near future.

 

“Mode of Installation” segment for small wind industry comprises on-grid and off-grid. Off-grid applications are expected to account for a significant growth during the forecast period due to rise in demand for off-grid application from the medium and large enterprises. Application segment consists of small-scale industries, domestic and commercial. Small-scale and commercial industries are likely to gain a significant CAGR in the forecast period owing to wide availability and affordability.

 

Type segmentation for small wind market is inclusive of horizontal axis wind turbine and vertical axis wind turbine. Vertical axis wind turbine is expected to account for a significant growth during the forecast period due to preference of installation. Geographical segmentation for small wind industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific market is expected to gain a significant CAGR in the forecast period due to increase in support by government for installation of wind turbines, rise in investment for wind energy projects and lowing of taxes to encourage the use of wind turbines at large.

 

North American market is likely to gain a positive traction in the forthcoming period due to rise in environmental awareness and stringent rules by government over usage of resources. Middle East and African countries have already taken positive initiatives towards this concern and is likely to create a remarkable CAGR in the following years. The key players in the small wind market include Bergey Power Systems Inc, Bergey Wind Power Co, Kingspan Group Plc, Endurance Wind Power Plc, ZKEnergy Technology Co Ltd., and Xzeres Wind Corporation.

 

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Market Segment:

 

Application Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
• On Grid
• Off Grid

 

Axis Type Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
• Horizontal Axis Wind Turbines
• Vertical Axis Wind Turbines

 

Regional Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• India
• Japan
• South Korea
• South & Central America
• Brazil
• Middle East and Africa

 

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03 June 2019, Global small wind turbines market is anticipated to witness an exponential growth in the forecast period. Small wind turbines are connected to the grid through the power suppliers or they can stand alone (off-grid). The factors that propel the growth of the market include growing investments in renewable energy, cost efficiency of the wind energy, and the technical innovations and presence of key end users.

 

On the other hand, there is a factor that may hamper the growth of the market including the decreasing cost of solar PV modules. Market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

 

Market could be explored by product type, power rating, application, end user and geography. Market by product type could span Vertical-Axis Wind Turbine and Horizontal-Axis Wind Turbine. The “Horizontal-Axis Wind Turbine” sector led the small wind turbines market in 2016 and will continue to lead in the forecast period. The key factors that could be attributed to the growth include the benefits offers such as variable pitch blade capacity, high producing capacity, improved effectiveness, and tall towers that capture a huge amount of wind energy.

 

 

Based on power rating, the market could be categorized into up to 50 kW and 51-100 kW capacity range. The “51-100 kW” segment led the market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing demand for affordable and clean energy across the globe.

 

Small wind turbines market could be explored by application as On-Grid and Off-Grid. The “Off-Grid” segment led the market in 2017 and will continue to lead in the forecast period. An off-grid solution is a system that works individually and is not connected to the electricity distribution system. It also termed as “Stand-alone Systems”. Off-Grid segment is followed by On-Grid and is anticipated to grow high in the years to come. Market could be explored based on the end user as Hospital, Municipal and Government and Airport.

 

APAC accounted for the major share of the small wind turbines market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing preference towards the acceptance of small wind turbines for generation of electricity and occurrence of offshore and onshore counties with good wind speeds for installations of small wind turbines in this region.

 

Some of the key players that fuel the growth of the small wind turbines market comprise Kingspan Group Plc, Bergey Wind Power Co, Northern Power Systems Inc, Shanghai Ghrepower Green Energy Co., Ltd., Xzeres Wind Corp, City Windmills Holdings PLC, Endurance Wind Power Inc, Fortis Wind, Kliux Energies, Aeolos Wind Energy Ltd, and among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

 

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