Global Small Wind Market, By Type (Horizontal Axis Wind Turbine, Vertical Axis Wind Turbine), Installation Type (Off-Grid Small Wind, On-Grid Small Wind), Application (Domestic, Small-Scale Industries, Commercial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Small Wind Market
Small wind market size is valued at USD 1,990.38 million by 2028 and is expected to grow at a compound annual growth rate of 14.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on small wind market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The cost effectiveness of small wind turbines has highly influenced growth of the small wind market. In line with this, the growing demands for renewable sources for energy generation across the globe as well as the rapid industrialization are also acting as a key determinant favoring the growth of the small wind market over the forecast period of 2021 to 2028. Also the, global energy crisis associated with depleting non-renewable resources for electricity generation, increasing environmental concerns, rapid industrialization and increasingly deeper penetration of electricity in unconnected areas as well as rising awareness among the individuals regarding use of renewable energy sources are also positively impacting the growth of the small wind market. The major factor accountable for the growth of the market is the strict government regulations towards restricting the growth of carbon footprint along with fiscal benefits offered to enhance adoption of renewable sources of energy. Beside this, the rising energy demand and growing concerns over environmental impacts of power generation through fossil fuel is also flourishing the growth of the small wind market.
However, the in-consistency in wind speed and the use of small wind turbines causes noise pollution in residential areas which may act as key restraints towards small wind market growth rate in the forecast period of 2021 to 2028, whereas the rising popularity of solar energy is perceived as a threat to wind energy due to its competitive pricing and easy availability of components, thus have the potential to challenge the growth of the small wind market in the above mentioned forecast period.
Furthermore, the growing concerns regarding the price volatilities, unfavorable environmental effects and economic costs brought on by the usage of fossil fuels has forced nations into adopting renewable sources for electricity generation which will further offer a variety of growth opportunities for the small wind market in the above mentioned forecast period.
This small wind market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on small wind market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Small Wind Market Scope and Market Size
Small wind market is segmented on the basis of type, installation type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the small wind market is segmented into horizontal axis wind turbine and vertical axis wind turbine.
- On the basis of installation type, the small wind market is segmented into off-grid small wind and on-grid small wind.
- The application segment for small wind market is segmented into domestic, small-scale industries and commercial.
Small Wind Market Country Level Analysis
Small wind market is analyzed and market size, volume information is provided by country, type, installation type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the small wind market because of the rapidly increasing demand for on-grid applications of small wind power, mainly in developed nations such as U.S. within this particular region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to large scale energy crisis which is likely to intensify in the foreseeable future due to fast depleting resources thus in this situation reasonable renewable energy sources are being considered the future of the energy sector which is highly impacting the growth in this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Small Wind Market Share Analysis
Small wind market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to small wind market.
The major players covered in the small wind market report are Northern Power Systems, Bergey Windpower Co., Guangzhou HY Energy Technology Limited Corp., Kingspan Group, Enallaktiki Energiaki S.A., superwind GmbH, City Windmills, Unitron Energy, dibu-energie, Zkenergy Science & Technology CO., LTD., Kliux Energies International Inc., Ryse Energy, Aeolos Wind Energy Ltd, ATB Holding S.p.A., Avant Garde Innovations Pvt Ltd, Fortis Wind, Braun Windturbinen GmbH, EOCYCLE and XZERES Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.