Small Wind Turbines Market is expected to grow at a CAGR 9.8% forecast 2019-2024 | Top Leading Companies – Northern Power Systems, Primus Wind Power, Ghrepower, Ningbo Winpower, Bergey Wind Power and More…

Acquire Market Research has announced a new report titled “Global Small Wind Turbines Market Growth 2019-2024” to their offerings

According to this study, over the next five years the Small Wind Turbines market will register a 9.8% CAGR in terms of revenue, the global market size will reach US$ 400 million by 2024, from US$ 230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Small Wind Turbines business.

A small wind turbine is a wind turbine used for microgeneration, as opposed to large commercial wind turbines, such as those found in wind farms, with greater individual power output.

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The market volume of small wind turbines is related to economical and political factors. As there will always be some uncertainties in the global economy in the following years, the growth rate of small wind turbines market might not keep that fast. But it is surely forecasted that the market of small wind turbines is still promising. The significant rise in demand for renewable sources of energy generation coupled with rapid industrialization is a key driving factor boosting the small wind power market world-wide. Furthermore, growing concerns over adverse environmental impacts of power generated through fossil fuel will further result in the adoption of wind power as alternative sources of power as a convenient & cost-effective solution.

This report presents a comprehensive overview, market shares, and growth opportunities of Small Wind Turbines market by product type, application, key manufacturers and key regions and countries.

This study considers the Small Wind Turbines value and volume generated from the sales of the following segments:

Segmentation by product type
Horizontal axis wind turbine
Vertical axis wind turbine

Segmentation by application
On-Grid
Off-Grid

This report also splits the market by region
Americas
APAC
Europe
Middle East & Africa

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report
Northern Power Systems, Primus Wind Power, Ghrepower, Ningbo WinPower, Bergey wind power, ZK Energy, Polaris America, Ogin, Inc., Renewtech, Montanari Energy, Turbina Energy AG, Oulu, Eocycle, HY Energy, S&W Energy Systems, Kliux Energies,

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Small Wind Turbines consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Small Wind Turbines market by identifying its various subsegments.
Focuses on the key global Small Wind Turbines manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Small Wind Turbines with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Small Wind Turbines submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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This release was published on openPR.