- Small wind turbines, designed for localized power generation with capacities typically below 100 kW, are increasingly vital for residential, commercial, and small-scale industrial applications due to their ability to provide clean, cost-effective, and reliable energy
- The rising demand for small wind systems is fueled by global efforts to reduce carbon emissions, increasing energy costs, and the growing preference for off-grid and hybrid energy solutions in areas with limited grid access
- North America dominated the small wind market with the largest revenue share of 38.5% in 2024, driven by strong government incentives, high adoption of renewable energy technologies, and a robust presence of key manufacturers
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid urbanization, rising energy demand, and government initiatives to promote renewable energy in countries such as China, India, and Australia
- The horizontal axis wind turbine segment held the largest market revenue share of 69.7% in 2024, driven by its established technology, higher efficiency, and suitability for a wide range of wind conditions. HAWTs are preferred for their scalability and proven performance in both onshore and off-grid applications, particularly in rural and commercial settings
