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In 2022, the market size for small wind energy was estimated at USD 5.63 billion. A compound annual growth rate (CAGR) of 14.82% is anticipated for the small wind power market from 2022 to 2030, from USD 4.9 billion to USD 14.80 billion. The use of tiny winds in numerous business applications and rural households, as well as rising investments in the development of renewable energy, are the main factors boosting market growth.
The horizontal axis wind turbine (HAWT)'s main rotor shaft and electrical generator are found at the top of the tower. The market for small wind turbines is dominated by the horizontal axis segment. Compared to the last ten years, which witnessed the majority of the production of tiny vertical axis wind turbines (VAWT), it has been produced for more than three decades. The ancillary economic and technological benefits give the little HWAT momentum. Compact horizontal axis wind turbines are advantageous in high-speed winds due to their inexpensive cost, simple maintenance, and lack of professional employees.
The compact HAWTs' tall tower bases are advantageous because they allow them better access to wind at wind-shear areas. During the anticipated term, it will probably result in a moderate deployment of these units. For instance, in April 2021, Engie and Eocycle-XANT worked together to provide clients in Belgium a small wind turbine as a part of a portfolio of decentralised green energy solutions. The 90kW EOX M-26 wind turbine produces 260 megawatt-hours of renewable electricity annually on average.
Small wind power is a versatile and adaptable way to generate sustainable electricity. Farmhouses, remote and rural sites, telecommunication towers, homes, and big buildings all make use of these as grid-connected or stand-alone devices. Small wind power is easier to install and maintain than their larger equivalents and is located close to where there is an energy need. In countries like India, China, Africa, and other South American countries where the electric grid connectivity is minimal, the demand for small wind power systems for household energy and water supply for irrigation in rural areas will rise, boosting the small wind power market CAGR globally in recent years.
Rising investments in renewable energy are one of the key drivers of the small wind industry's growth. A few nations investing more in renewable energy include Japan, China, and India. To develop green energy, for instance, the State Investment Promotion Board (SIPB) of Andhra Pradesh announced investment opportunities offered to various businesses in September 2022. Another element boosting the rise of the small wind power market revenue is Greenko's clearance from the SIPB for an investment of $246 billion in projects for renewable energy (RE) totaling 4,230 MW in capacity.
Report Coverage
Global Small Wind Power research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Small Wind Power report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Small Wind Power competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Small Wind Power market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Small Wind Power market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Small Wind Power market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Northern Power Systems Corp. (U.S.), Kingspan Group Plc. (Ireland), Bergey Wind Power Co. Inc. (U.S.), S.L. (Spain), Ennera Energy and Mobility, Eocycle Technologies Inc. (Canada), Guangzhou HY Energy Technology Co. Ltd (China), Shanghai Ghrepower Green Energy Co. Ltd (China), Endurance Wind Power Inc. (Canada), XZERES Wind Corporation (U.S.), City Windmills Holdings PLC (U.K.), and Aeolos Wind Energy Ltd (U.K.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Small Wind Power market based on the below-mentioned segments:
Global Small Wind Power Market, By Grid Connectivity
On-Grid
Off-Grid
Global Small Wind Power market, By Capacity
Up to 2kW
2kW to 5kW
5kW to 10kW
Global Small Wind Power Market, By Axis
Horizontal Axis
Vertical Axis
Global Small Wind Power market, Regional Analysis
The horizontal axis wind turbine (HAWT)'s main rotor shaft and electrical generator are found at the top of the tower. The market for small wind turbines is dominated by the horizontal axis segment. Compared to the last ten years, which witnessed the majority of the production of tiny vertical axis wind turbines (VAWT), it has been produced for more than three decades. The ancillary economic and technological benefits give the little HWAT momentum. Compact horizontal axis wind turbines are advantageous in high-speed winds due to their inexpensive cost, simple maintenance, and lack of professional employees.
The compact HAWTs' tall tower bases are advantageous because they allow them better access to wind at wind-shear areas. During the anticipated term, it will probably result in a moderate deployment of these units. For instance, in April 2021, Engie and Eocycle-XANT worked together to provide clients in Belgium a small wind turbine as a part of a portfolio of decentralised green energy solutions. The 90kW EOX M-26 wind turbine produces 260 megawatt-hours of renewable electricity annually on average.
Small wind power is a versatile and adaptable way to generate sustainable electricity. Farmhouses, remote and rural sites, telecommunication towers, homes, and big buildings all make use of these as grid-connected or stand-alone devices. Small wind power is easier to install and maintain than their larger equivalents and is located close to where there is an energy need. In countries like India, China, Africa, and other South American countries where the electric grid connectivity is minimal, the demand for small wind power systems for household energy and water supply for irrigation in rural areas will rise, boosting the small wind power market CAGR globally in recent years.
Rising investments in renewable energy are one of the key drivers of the small wind industry's growth. A few nations investing more in renewable energy include Japan, China, and India. To develop green energy, for instance, the State Investment Promotion Board (SIPB) of Andhra Pradesh announced investment opportunities offered to various businesses in September 2022. Another element boosting the rise of the small wind power market revenue is Greenko's clearance from the SIPB for an investment of $246 billion in projects for renewable energy (RE) totaling 4,230 MW in capacity.
Report Coverage
Global Small Wind Power research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Small Wind Power report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Small Wind Power competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Small Wind Power market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Northern Power Systems Corp. (U.S.), Kingspan Group Plc. (Ireland), Bergey Wind Power Co. Inc. (U.S.), S.L. (Spain), Ennera Energy and Mobility, Eocycle Technologies Inc. (Canada), Guangzhou HY Energy Technology Co. Ltd (China), Shanghai Ghrepower Green Energy Co. Ltd (China), Endurance Wind Power Inc. (Canada), XZERES Wind Corporation (U.S.), City Windmills Holdings PLC (U.K.), and Aeolos Wind Energy Ltd (U.K.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Small Wind Power Market from 2021 to 2030.
- Market Forecast for Small Wind Power Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Small Wind Power competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Small Wind Power
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Small Wind Power market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Small Wind Power market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Northern Power Systems Corp. (U.S.), Kingspan Group Plc. (Ireland), Bergey Wind Power Co. Inc. (U.S.), S.L. (Spain), Ennera Energy and Mobility, Eocycle Technologies Inc. (Canada), Guangzhou HY Energy Technology Co. Ltd (China), Shanghai Ghrepower Green Energy Co. Ltd (China), Endurance Wind Power Inc. (Canada), XZERES Wind Corporation (U.S.), City Windmills Holdings PLC (U.K.), and Aeolos Wind Energy Ltd (U.K.)
Primary Target Market
- Market Players of Small Wind Power
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Small Wind Power market based on the below-mentioned segments:
Global Small Wind Power Market, By Grid Connectivity
On-Grid
Off-Grid
Global Small Wind Power market, By Capacity
Up to 2kW
2kW to 5kW
5kW to 10kW
Global Small Wind Power Market, By Axis
Horizontal Axis
Vertical Axis
Global Small Wind Power market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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