Small Wind Power Market Size, Investment Trends, New Innovations and Technology | Global Industry Top Key Player Analysis: Northern Power Systems Corp. , Bergey Wind Power Co. Inc. , Ennera Energy and Mobility, S.L.

Global small wind power market is expected to reach USD 8,601.9 Million by 2023 at a CAGR of 13.88%.

Market Highlights:-

The global small wind power market has perceived remarkable opportunities across the world, owing to increase in awareness among consumers about the use of renewable energy sources. Moreover, increase in demand for renewable sources for energy generation coupled with rapid industrialization boost the growth of the global small wind power market. It is expected that the market is going to witness a significant growth of the global small wind power market, due to rise in demand for energy and increase in concerns about the environmental impacts of power generation using fossil fuels. Also, the growing attention of government agencies through high investments to improve electricity generation by integrating renewable sources of energy, such as wind energy, has boosted the global small wind power market growth.

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Small wind power are steady and are of faster speeds resulting in higher & reliable energy generation. The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources. However, inconsistent yielding of constant power output can hinder the small wind power market.

Top Key Players:-

The key players of global small wind power market are Northern Power Systems Inc. (U.S), Kingspan Group PLC (Ireland), Xzeres Wind Corporation (U.S), Wind Energy Solutions (Netherlands), Bergey Windpower Co. Inc. (U.S), Guangzhou HY Energy Technology Limited Corp. (China), Eocycle Technologies Inc. (Canada), Endurance Wind Power Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd. (China) and ZKEnergy Science & Technology Co., Ltd. (China).

Market Research Analysis:-

Horizontal axis wind turbine is expected to grow at the highest CAGR.
Horizontal axis wind turbine dominate the majority of the wind industry. Horizontal axis means the rotating axis of the wind turbine is horizontal, or parallel with the ground. In large scale wind application, horizontal axis wind turbines are almost all you will ever see. However, in small wind and residential wind applications, vertical axis turbines have their place. The advantage of horizontal wind is that it is able to produce more electricity from a given amount of wind. These factors will drive the market for horizontal axis wind turbine in small wind power market during the forecast period.

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Scope of the Report:-

This study provides an overview of the global small wind power market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global small wind power market by its type, by application and by region.

By Type
• Horizontal axis wind turbine
• Vertical axis wind turbine

By Application
• On-Grid
• Off-Grid

By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

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