Small Wind Power Market Global Leading Key Players: Northern Power Systems Corp. (U.S.), Bergey Wind Power Co. Inc. (U.S.), XZERES Wind Corporation (U.S.), Aeolos Wind Energy Ltd (U.K.)

Market Overview:-

Small wind turbines are used to power remote or off-grid applications such as homes, farms, refuges or beacons. On the basis of region, Europe accounted for the largest market share of 41.32% in 2016, with a market value of USD 1,440.2 million and is projected to grow at CAGR of 13.98% during the forecast period. The small wind power boom is part of a wider move from fossil fuels to renewable energy, across the European Union. European governments and the EU, as a whole, have supported small wind projects with favorable incentives as part of their carbon emission reduction goals. The recorded small wind capacity, installed in Europe has reached over 272.6 MW by the end of 2015. The United Kingdom heads the market, with 15% of global installed capacity in 2015.

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Major Key Players of Small Wind Power Market:-
The key players of global small wind power market are Kingspan Group Plc. (Ireland), Northern Power Systems Corp. (U.S.), Bergey Wind Power Co. Inc. (U.S.), Ennera Energy and Mobility, S.L. (Spain), Eocycle Technologies Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd (China), Guangzhou HY Energy Technology Co., Ltd (China), XZERES Wind Corporation (U.S.), Endurance Wind Power Inc. (Canada), Aeolos Wind Energy Ltd (U.K.), and City Windmills Holdings PLC (U.K.).

Global Small Wind Power Market Segmentation:

For the purpose of study, global small wind power market is segmented by grid connectivity and by axis. Based on grid connectivity, the market has been divided into on-grid and off-grid. Off-Grid accounted for the largest market share of 63.84% in 2016, with a market value of USD 2,224.9 million and is projected to grow at the highest CAGR of 14.06% during the forecast period. An off-grid solution is a system that works independently and is not connected to the electricity distribution system. It also called stand-alone systems. On-Grid was the second-largest market in 2016, valued at USD 1,260.5 million in 2016; it is projected to grow at a CAGR of 13.57%. A grid-connected small wind turbine system, or grid-connected system is an electricity generating small wind turbine system that is linked to the utility grid. A grid-connected wind turbine can reduce your consumption of utility-supplied electricity for your domestic appliances or bigger loads for business empowerment.

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Based on axis, the market has been divided into horizontal axis and vertical axis. Horizontal axis accounted for the largest market share of 65.07% in 2016, with a market value of USD 2,267.9 million and is projected to grow at a CAGR of 13.03% during the forecast period. The horizontal axis wind turbine, with blades that spin about an axis parallel to wind flow. Horizontal axis wind turbines were, widely, used in farm, small village, home and small business. Vertical axis was the second-largest market in 2016, valued at USD 1,217.5 million in 2016; it is projected to grow at the highest CAGR of 15.37%. The vertical axis turbine, with its axis perpendicular to the wind.

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