Global Small Wind Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 1.01 Billion |
 Market Size (Forecast Year) |
USD 2.98 Billion |
 CAGR |
% |
| Major Markets Players |
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Global Small Wind Market Segmentation, By Type (Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine), Installation Type (Off-Grid Small Wind and On-Grid Small Wind), Application (Domestic, Small-Scale Industries, and Commercial) - Industry Trends and Forecast to 2031.
Small Wind Market Analysis
The small wind market is growing due to advancements in blade design and smart grid integration. Technologies such as vertical-axis turbines and improved energy storage solutions enhance efficiency. Growth is driven by increasing demand for renewable energy in residential and small commercial sectors. Opportunities lie in government incentives and emerging markets focused on sustainable energy solutions.
Small Wind Market Size
The global small wind market size was valued at USD 1.01 billion in 2023 and is projected to reach USD 2.98 billion by 2031, with a CAGR of 14.50% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Attributes |
Small Wind Key Market Insights |
|
Forecast Period |
2024 to 2031 |
|
Base Year |
2023 |
|
Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine), Installation Type (Off-Grid Small Wind and On-Grid Small Wind), Application (Domestic, Small-Scale Industries, and Commercial) |
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Countries Covered |
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, South Africa, Egypt, Israel, 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. |
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Market Players Covered |
Northern Power Systems (U.S.), Bergey Windpower Co. (U.S.), Guangzhou HY Energy Technology Limited Corp. (China), superwind GmbH (Germany), City Windmills Limited (U.K.), Unitron Energy (India), KLiUX energies (Spain), Ryse Energy (U.K.), Aeolos Wind Energy Ltd (China), ATB GROUP S.p.A. (Italy), Fortiswindenergy (India), and BRAUN Windturbinen GmbH (Germany) |
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Market Opportunities |
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Small Wind Market Definition
Small wind refers to wind turbines designed for individual or small-scale use, typically producing up to 100 kilowatts of electricity. These turbines are used for residential, agricultural, or small commercial applications. They harness wind energy to generate power, often supplementing or replacing traditional energy sources. Small wind systems are valued for their efficiency and lower environmental impact.
Small Wind Market Dynamics
Drivers
- Growing Demand for Renewable Energy
The growing demand for renewable energy, driven by heightened climate change awareness, is significantly boosting the small wind market. For instance, small wind systems in remote areas of Scotland provide a sustainable energy solution, reducing reliance on fossil fuels. This trend reflects a broader shift towards eco-friendly power sources, enhancing market growth by offering an effective way to generate electricity in rural and off-grid locations.
- Enhanced Energy Efficiency and Storage Solutions
Enhanced energy efficiency and storage solutions are boosting the small wind market by improving system reliability. For instance, integrating small wind turbines with advanced battery storage, such as Tesla Powerwall, and sophisticated energy management systems ensures a stable power supply even when wind conditions are inconsistent. This synergy enhances the viability of small wind systems for consistent energy needs, driving their adoption in both residential and commercial settings.
Opportunities
- Decentralized Power Generation Trends
The trend toward decentralized power generation fuels the growth of small wind turbines by reducing dependence on large-scale power plants and enhancing local energy production. For instance, rural communities and remote farms increasingly adopt small wind systems to generate their electricity, minimizing grid reliance and improving energy security. This shift supports the expansion of the small wind market by promoting localized, sustainable energy solutions.
- Advancement in Technology
Technological advancements in turbine design and efficiency enhance the reliability and cost-effectiveness of small wind systems, driving market growth. For instance, innovations such as the development of vertical-axis wind turbines (VAWTs) offer better performance in turbulent wind conditions and lower maintenance costs compared to traditional horizontal-axis wind turbines (HAWTs). These improvements make small wind turbines more appealing to consumers, boosting adoption rates in both residential and commercial sectors.
Restraints/Challenges
- High Initial Costs
High initial costs for purchasing and installing small wind turbines present a significant barrier. The upfront investment for purchasing and installing small wind turbines can be substantial, deterring potential buyers. This financial barrier, encompassing both equipment and installation expenses, is a significant deterrent. Even though long-term energy savings are possible, the hefty initial expenditure limits market growth by making it inaccessible for many individuals and small businesses, thus hindering the market expansion of small wind turbines.
- Rising Aesthetic and Noise Concerns
Wind turbines are often viewed as eyesores and sources of noise, leading to significant resistance from communities and homeowners. This aesthetic and auditory intrusion results in opposition to installations, creating a notable barrier for the small wind market. Such local opposition can delay or halt projects, increasing costs and complicating deployment efforts. Consequently, these concerns substantially hinder market growth and acceptance.
This 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, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, XANT Renewables BV, in collaboration with Eocycle Technologies Inc., a renowned designer and manufacturer of high-performance distributed wind turbines, developed advanced distributed wind solutions tailored for microgrid and off-grid/remote sectors. This partnership aimed to enhance energy accessibility and reliability in remote locations by leveraging innovative wind turbine technology
- In 2021, Ryse Energy and Bladon Micro Turbine entered into a strategic partnership to transform the off-grid telecoms sector with sustainable energy solutions. This collaboration is set to deliver up to 90% renewable energy, offering reliable, clean, and cost-effective power solutions for telecom infrastructure in remote areas, significantly advancing energy sustainability
- In 2021, Engie and Eocycle joined forces to offer a comprehensive range of fragmented green energy systems in Belgium. They introduced the EOX M-26, a horizontal axis wind turbine with a tip height of 51 meters and a capacity of 90 kW. This turbine is designed to generate approximately 260 MWh of energy annually, promoting greener energy solutions
Small Wind Market Scope
The market is segmented on the basis of type, installation type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Small Wind Market Regional Analysis
The market is analyzed and market size insights and trends are provided by 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, South Africa, Egypt, Israel, 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 is expected to dominate the small wind market due to the growing demand for on-grid applications, particularly in developed nations such as the U.S. This trend is driven by increasing adoption of renewable energy solutions, small wind powered generators, and supportive government policies, making North America a key player in the expansion of small wind power.
Asia-Pacific is expected to expand at a significant growth in the small wind market due to an intensifying energy crisis and depleting resources. As the region seeks sustainable solutions, small wind power is emerging as a viable renewable energy source, driving substantial growth and investments in the sector.
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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Small Wind Market Share
The 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 market.
Some of the major players operating in the market are:
- Northern Power Systems (U.S.)
- Bergey Windpower Co. (U.S.)
- Guangzhou HY Energy Technology Limited Corp. (China)
- superwind GmbH (Germany)
- City Windmills Limited (U.K.)
- Unitron Energy (India)
- KLiUX energies (Spain)
- Ryse Energy (U.K.)
- Aeolos Wind Energy Ltd (China)
- ATB GROUP S.p.A. (Italy)
- Fortiswindenergy (India)
- BRAUN Windturbinen GmbH (Germany)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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