Press release
Global Small Wind Turbines Market to 2025| ergycon, Kingspan Environmental, Braun wind turbinen, Xzeres, Shangai Ghrepower Green Energy, EOCYCLE
Albany, NY, 17th October : Recent research and the current scenario as well as future market potential of "Small Wind Turbines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" globally.The global environmental concerns for reducing the carbon emissions has provided an opportunity for development of sources of renewable energy. The policy interventions such as Nationally Determined Contributions (NDCs) by countries and Sustainable Development Goals (SDGs) are presently creating a demand for renewable energy, globally.
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The rate of expansion of renewable capacity installations varies substantially across the regions, and developing nations and developed regions contribute significantly toward renewable capacity installations. At the national, state, and local levels, government policy plays an important role in the renewable energy developments; however, the uncertainty in the policies in the different geographies has created challenges for the renewable capacity additions. One such type of renewable energy generation is from small wind turbine, which requires less maintenance and easy to install as per the end-use convenience. The demand of the small wind turbine in future depends on the technology and its cost, enactment of supportive policies and economic incentives, prices of the fossil fuels, investor interest, consumer awareness, quality assurance from developers or manufacturers, permitting processes and regulations, and wind evaluation tools.
The small wind turbine market is largely driven by the advancement of technology and innovations in the global and regional market. The total price of the small wind turbine varies based on many factors such as cost of installation, space availability, and others. Based on technology, the small wind turbine market is classified into HAWT (Horizontal Axis Wind Turbine) and VAWT (Vertical Axis Wind Turbine). The HAWT technology is quite old and available conveniently. The HAWT technology segment hold a significantly larger share of the market than the VAWT technology segment. Moreover, the VWAT technology segment is estimated to expand at a significant growth rate during the forecast period.
Based on type, the small wind turbine market can be segregated into on-grid or off grid mode. Demand for on-grid mode the demand for small wind turbines is varies by government policies and economic and financial benefits offered by the regulators or the grid regulating companies. The off grid mode small wind turbine is utilized as the backup power, now day’s new and advanced technologies are being introduced to the small wind turbine business with an aim to modernize the installed equipment. Off-grid mode and small wind turbines are also helpful to the rural and residential electrification, backup power for telecommunication stations, off-shore generation, and hybrid systems with diesel and solar.
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Based on power rating, the small wind turbine market can be categorized into up to 50 kW and 51-100 kW capacity range. Increasing demand for clean and affordable energy all over the globe would propel the demand for small wind turbine of 51-100 kW capacity range. The industrialized countries further have a motivated renewable capacity addition targets and policies to increase overall generation in the forecast period. Some of the other advantages include connection flexibility they have ability to deliver reliable power. These factors are expected to boost the demand for 51-100 kW capacity range small wind turbines during the forecast period.
Based on application, the small wind turbine market can be segregated into industrial, commercial and residential. Commercial and residential segments are expected to remain highly attractive during the forecast period. Several residential areas such as apartments, individual house, farmhouses utilize small wind turbines.
In terms of region, the small wind turbines market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is projected to lead the market during the forecast period, followed by Europe. This dominance in the market by Asia Pacific is primarily due to the large capacity installations in China. The small wind turbine market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to the increase in demand for small wind turbines in residential and commercial applications.
Key companies operating in the global small wind turbine market include ergycon, Kingspan Environmental, Braun wind turbinen, Xzeres Corp., Shangai Ghrepower Green Energy Co. Ltd., EOCYCLE, and Guangzhou HY Energy Technology Limited Corp.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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