Small Wind Power Market Size, Trends and Insights By Type (Vertical Axis Wind Turbine, Horizontal Axis Wind Turbine), By Installation Type (On Grid, Off Grid), By Application (Residential, Commercial, Utility), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Southwest Wind power
- Northern Power Systems (U.S)
- High Energy Technology
- ZK Energy
- Others
Reports Description
According to a report published by Custom Market Insights (CMI), the small wind power market size was estimated at USD 14.56 billion in 2021 and expected to reach USD 16.11 billion in 2022 and expected to reach USD 27.12 billion by 2030, with an estimated growth of 13.78% CAGR from 2022 to 2030.
Industry Synopsis
Small wind power is constructed using a specific set of tools that are built in the wind energy sector. It produces energy using the wind as a natural renewable resource. The wind turbines are set up in remote villages, houses, and farmlands. It can be used in small-scale industries, the commercial sector, individual groups and customers, weather stations, road signalization, and others. These small wind powers are a great substitute for the different types of distant electrical sources.
The major characteristics like economic feasibility and controlled unit production boost the market’s growth. The small wind power system can decide how much electricity is required and should be produced per unit.
Growth Factors
The depletion of non-renewable resources and the environmental concern led to the growth of the small wind power market. The demand for more off-grid turbines has recently increased, which boosted the market to a large extent. These systems can be installed in private spaces, ensuring more efficient energy utilization. The growing need to replace conventional energy sources with renewable sources is projected to drive the market for wind power in the upcoming years.
The wide range of environmental concerns and the overutilization of non-renewable resources has increased the need for adopting electricity generation using renewable energy as a source. Furthermore, the off-houses and remote places benefit from modern electricity at a low cost. With this, small businesses can also foster across remote regions. To enhance the growth of the small wind power market, multiple regional offices and industries have been set up across different remote regions. The government initiatives like incentives also acted as a driving force for the wind power market growth.
Moreover, the small wind power market grew worldwide, and some of the associated firms and project holders have merged to enhance the integrity of production. For instance, GE Renewable Energy merged with Toshiba, and several key players have decided to become more customer-centric to taking valuable decisions to fulfill the requirements and demands of their customers.
In 2021, several key developments happened in the small wind power market. Multiple key manufacturers have merged to perform better in terms of power production. For instance, key WEG players took over Northern Power Systems in 2021. These factors are driving the market growth and thus creating remunerative opportunities.
Impact of Covid 19
The installation of wind power turbines requires mobility. The restricted movement during the pandemic greatly impacted project development.
The wind power projects are bifurcated into three steps: planning, construction, and operation/maintenance. The remote and sparsely populated areas are ideal for the wind project plantation. Since the project is implemented with the collaboration of landowners, stakeholders, and local government, the movement restrictions during the pandemic have caused some hindrances in the project development. Furthermore, the number of COVID-19 cases is expected to reduce shortly. This has led to the reopening of small wind power manufacturing companies at their full-scale capacities.
Small Wind Power Market: Segmental Insights
Segmented based on Type
Based on the Type, the small power wind turbine is segmented into horizontal axis wind turbine and vertical axis wind turbine. The horizontal axis wind turbine is quite commonly used compared to the vertical axis wind turbine. Horizontal wind turbines have been used for a decade, and it is the traditional technique widely used in remote villages, farmlands, and houses. The horizontal wind turbines have blades that spin around the parallel axis to the wind, generating energy for various end-use industries. The horizontal axis wind turbines have the highest efficiency, and they can transform 40 to 50 % of received wind power into electricity. These factors collectively increase the overall demand for horizontal axis wind turbines during the forecast period.
Meanwhile, vertical wind turbines are expected to grow exponentially during the forecast period. The vertical wind turbine segment was the leading sector in small wind power in 2021. The exponential growth has been observed due to its high efficiency and low-cost production. This is expected to enhance the overall demand for vertical-axis wind turbines.
Segmented based on Installation Type
Based on the installation, the small wind turbines are segmented into on-grid and off-grid. The on-grid wind turbines run with the help of electricity distribution. The on-grid segment is dominant during the forecast period 2022-2030. The off-grid small wind turbines work without electricity and are also known as stand-alone turbines. Both the power grids are crucial in terms of financial and economic aspects, the regulatory agencies such as Production Tax Credits, Investment Tax Credits, and Feed-in Tariffs provide- multiple beneficiaries for the growth of the wind power sector.
The off-grid segment accounts dominant position and is estimated to grow measurably during the forecast period, leading to new emerging technologies and equipment. The off-grid segment seems to continue dominating the wind power market. Though the off-grid power systems work independently (without electricity) due to these factors, the demand for off-grid installation has been observed. These factors are projected to grow the on-grid and off-grid segments in the upcoming years.
Segmented based on the Application
Based on Application, the small wind power market can be categorized into residential, commercial, and utility sectors. In 2021, the commercial sector will dominate the small wind power market and still seems to emerge as the strongest and fastest growing sector during the forecast period. This led to the growing population, demand for advanced infrastructure, and an increase in the industrial sector has enhanced the demand for the small wind power market; thus, creating lucrative opportunities for the market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 14.56 Billion |
| Projected Market Size in 2030 | USD 27.12 Billion |
| CAGR Growth Rate | 13.78% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Southwest Wind power, Northern Power Systems (U.S), High Energy Technology, ZK Energy, BWC, GE Wind, BegeyWindPower Co. Inc. (U.S.), Shanghai Grehpower Green Energy Co. Ltd. (China), Kingspan Group (Ireland), Endurance Wind Power Inc. (Canada), City Windmills Holdings PLC (U.K.), Ennera Energy and Mobility, Guangzhou HY Energy Technology Co. Ltd (China), Matric Limited, Dong Energy, and Others |
| Key Segment | By Type, Installation Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Insights
The small wind power sector has been distributed across different regions, including Europe, Asia-Pacific, Europe, North America, and LAMEA. The Europe region is expected to have a dominant position in the market. Germany and the UK are the major shareholders of solar wind power sectors and contribute to economic growth. The Asia-Pacific region has also accounted for the significant growth rate in this sector due to an increase in the adoption of on-grid and off-grid installation in the residential, commercial, and industrial sectors.
The North American regions account for the second largest small wind power market share. The US holds a dominant position in the small wind power sectors in the North American region. The US production tax credit was implemented in late 2020, which helped the sector with its rapid growth. The Canadian energy mix was also anticipated with wind power investment. Canadian Energy and wind power grew by 20% in a year. Meanwhile, Mexico’s small wind power strategy has become an alternative solution for generating in-situ electrical power in industrial, commercial, residential, and other utility sectors.
The small wind power market has witnessed growth on a local scale. The small towns and villages are ideal places to implement and set up small wind power projects. The regional market is further bifurcated on a granular scale.
The regional market’s growth is devoted to the fact that the regional market source is more dependent on the renewable resource for energy production, which accounts for both economic and environment friendly exhibiting carbon-free emissions. Furthermore, the low feed-in tariff, high electricity prices, and growing regional investments also account for the growth in the regional market. The small wind power market favors economic growth and a sustainable environment. Thus, it is expected to provide significant growth over the coming years.
Key Market Players in Small Power Wind Market
Various key players have been identified from the secondary research. Multiple small companies play a significant role as operators in the small wind power market which leads to their growth at the global level.
- Southwest Wind power
- Northern Power Systems (U.S)
- High Energy Technology
- ZK Energy
- BWC
- GE Wind
- BegeyWindPower Inc. (U.S.)
- Shanghai Grehpower Green Energy Co. Ltd. (China)
- Kingspan Group (Ireland)
- Endurance Wind Power Inc. (Canada)
- City Windmills Holdings PLC (U.K.)
- Ennera Energy and Mobility
- Guangzhou HY Energy Technology Co. Ltd (China)
- Matric Limited
- Dong Energy
Key Developments
- In January 2020, Matric Limited of Seneca, Pennsylvania, built an inter-grid inverter under 2020 CIP manufacturing innovation and delivered IG 25-240 code-compliant inverter specifically designed and used along with the wind technology. The inverter is wall-mounted and mounted, using 12,000 V switching devices with a high switching speed and reduced switching losses. This strategic product launch has enhanced the product portfolio of Matric Limited.
- Recently, the Halo 6.0 microturbine was manufactured, which used only two moving parts in its construction, producing efficient and shrouded wind turbines. It can take up to 6KW, designed to meet the energy requirements of the off-grid turbines on a global scale.
Segments covered in the report
On the basis of Type
- Vertical Axis Wind Turbine
- Horizontal Axis Wind Turbine
On the basis of Installation Type
- On Grid
- Off Grid
On the basis of the Application
- Residential
- Commercial
- Utility
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Small Wind Power Market, (2022 – 2030) (USD Billion)
- 2.2 Global Small Wind Power Market: snapshot
- Chapter 3. Global Small Wind Power Market – Industry Analysis
- 3.1 Small Wind Power Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing Demand for off-grid turbines
- 3.2.2 Depletion of non-renewable resources
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Installation Type
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Small Wind Power Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Small Wind Power Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Small Wind Power Market – Type Analysis
- 5.1 Global Small Wind Power Market overview: By Type
- 5.1.1 Global Small Wind Power Market share, By Type, 2021 and 2030
- 5.2 Vertical Axis Wind Turbine
- 5.2.1 Global Small Wind Power Market by Vertical Axis Wind Turbine, 2022 – 2030 (USD Billion)
- 5.3 Horizontal Axis Wind Turbine
- 5.3.1 Global Small Wind Power Market by Horizontal Axis Wind Turbine, 2022 – 2030 (USD Billion)
- 5.1 Global Small Wind Power Market overview: By Type
- Chapter 6. Global Small Wind Power Market – Installation Type Analysis
- 6.1 Global Small Wind Power Market overview: By Installation Type
- 6.1.1 Global Small Wind Power Market share, By Installation Type, 2021 and 2030
- 6.2 On Grid
- 6.2.1 Global Small Wind Power Market by On Grid, 2022 – 2030 (USD Billion)
- 6.3 Off Grid
- 6.3.1 Global Small Wind Power Market by Off Grid, 2022 – 2030 (USD Billion)
- 6.1 Global Small Wind Power Market overview: By Installation Type
- Chapter 7. Global Small Wind Power Market – Application Analysis
- 7.1 Global Small Wind Power Market overview: By Application
- 7.1.1 Global Small Wind Power Market share, By Application, 2021 and 2030
- 7.2 Residential
- 7.2.1 Global Small Wind Power Market by Residential, 2022 – 2030 (USD Billion)
- 7.3 Commercial
- 7.3.1 Global Small Wind Power Market by Commercial, 2022 – 2030 (USD Billion)
- 7.4 Utility
- 7.4.1 Global Small Wind Power Market by Utility, 2022 – 2030 (USD Billion)
- 7.1 Global Small Wind Power Market overview: By Application
- Chapter 8. Small Wind Power Market – Regional Analysis
- 8.1 Global Small Wind Power Market Regional Overview
- 8.2 Global Small Wind Power Market Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Small Wind Power Market, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.4 North America Small Wind Power Market, by Type, 2022 – 2030
- 8.4.1 North America Small Wind Power Market, by Type, 2022 – 2030 (USD Billion)
- 8.5 North America Small Wind Power Market, by Installation Type, 2022 – 2030
- 8.5.1 North America Small Wind Power Market, by Installation Type, 2022 – 2030 (USD Billion)
- 8.6 North America Small Wind Power Market, by Application, 2022 – 2030
- 8.6.1 North America Small Wind Power Market, by Application, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Small Wind Power Market, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.8 Europe Small Wind Power Market, by Type, 2022 – 2030
- 8.8.1 Europe Small Wind Power Market, by Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Small Wind Power Market, by Installation Type, 2022 – 2030
- 8.9.1 Europe Small Wind Power Market, by Installation Type, 2022 – 2030 (USD Billion)
- 8.10 Europe Small Wind Power Market, by Application, 2022 – 2030
- 8.10.1 Europe Small Wind Power Market, by Application, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Small Wind Power Market, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Small Wind Power Market, by Type, 2022 – 2030
- 8.12.1 Asia Pacific Small Wind Power Market, by Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Small Wind Power Market, by Installation Type, 2022 – 2030
- 8.13.1 Asia Pacific Small Wind Power Market, by Installation Type, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Small Wind Power Market, by Application, 2022 – 2030
- 8.14.1 Asia Pacific Small Wind Power Market, by Application, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Small Wind Power Market, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.16 Latin America Small Wind Power Market, by Type, 2022 – 2030
- 8.16.1 Latin America Small Wind Power Market, by Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Small Wind Power Market, by Installation Type, 2022 – 2030
- 8.17.1 Latin America Small Wind Power Market, by Installation Type, 2022 – 2030 (USD Billion)
- 8.18 Latin America Small Wind Power Market, by Application, 2022 – 2030
- 8.18.1 Latin America Small Wind Power Market, by Application, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Small Wind Power Market, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Small Wind Power Market, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Small Wind Power Market, by Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Small Wind Power Market, by Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Small Wind Power Market, by Installation Type, 2022 – 2030
- 8.21.1 The Middle-East and Africa Small Wind Power Market, by Installation Type, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Small Wind Power Market, by Application, 2022 – 2030
- 8.22.1 The Middle-East and Africa Small Wind Power Market, by Application, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Southwest Wind Power
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Northern Power Systems (U.S)
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 High Energy Technology
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 ZK Energy
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 BWC
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 GE Wind
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 BegeyWindPower Co. Inc. (U.S.)
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Shanghai Grehpower Green Energy Co. Ltd. (China)
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Kingspan Group (Ireland)
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Endurance Wind Power Inc. (Canada)
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 City Windmills Holdings PLC (U.K.)
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Ennera Energy and Mobility
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Guangzhou HY Energy Technology Co. Ltd (China)
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Matric Limited
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Dong Energy
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.1 Southwest Wind Power
List Of Figures
Figures No 1 to 23
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Market Players in Small Power Wind Market
- Southwest Wind power
- Northern Power Systems (U.S)
- High Energy Technology
- ZK Energy
- BWC
- GE Wind
- BegeyWindPower Inc. (U.S.)
- Shanghai Grehpower Green Energy Co. Ltd. (China)
- Kingspan Group (Ireland)
- Endurance Wind Power Inc. (Canada)
- City Windmills Holdings PLC (U.K.)
- Ennera Energy and Mobility
- Guangzhou HY Energy Technology Co. Ltd (China)
- Matric Limited
- Dong Energy
- Others
FAQs
The “Europe” region will lead the global Small Wind Power market during the forecast period 2022 to 2030.
The depletion of non-renewable resources and the environmental concern led to the growth of the small wind power market. The demand for more off-grid turbines has recently increased which boosted the market to large extent.
The key players operating in the Small Wind Power market are Southwest Wind power, Northern Power Systems (U.S), High Energy Technology, ZK Energy, BWC, GE Wind, BegeyWindPower Co. Inc. (U.S.), Shanghai Grehpower Green Energy Co. Ltd. (China), Kingspan Group (Ireland), Endurance Wind Power Inc. (Canada), City Windmills Holdings PLC (U.K.), Ennera Energy and Mobility, Guangzhou HY Energy Technology Co. Ltd (China), Matric Limited, Dong Energy, and Others.
The global Small Wind Power market is expanding growth with a CAGR of approximately 15% during the forecast period (2022 to 2030).
The global Small Wind Power market size was valued at USD 6.11 billion in 2021 and it is projected to reach around USD 18.42 billion by 2030.