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Small Wind Power Market Research, Major Manufacturers, Analysis, Industry Demand by Segmentation and Forecast 2022

06-22-2020 04:07 PM CET | Energy & Environment

Press release from: allied market research

Small Wind Power Market Research, Major Manufacturers,

Various organizations have initiated the use of small wind power especially among schools, research institutes, and hospitals. Thus, an increase in demand for small wind power among several commercial applications poses lucrative opportunities for players in the global small wind power market.

According to a new report published by Allied Market Research, titled, "Small Wind Power Market by Type, Installation Type and Application - Global Opportunity Analysis and Industry Forecast, 2014-2022," the small wind power market was valued at $3,805 million in 2015 and is projected to reach $8,874 million by 2022, growing at a CAGR of 13.2% from 2016 to 2022.

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Small wind power is expected to register the highest growth in commercial applications owing to the rise in the use of small wind turbines in hospitals, hotels, and schools. Furthermore, the increase in inclination of consumers toward the deployment of renewable sources of energy is another major aspect that drives the commercial application segment

Asia-Pacific and LAMEA collectively accounted for around half of the total small wind power market, in terms of volume, and are expected to continue this trend due to an increase in infrastructural development, specifically in China, India, Brazil, and other developing economies.

Get detailed COVID-19 impact analysis on the Small Wind Power Market:https://www.alliedmarketresearch.com/purchase-enquiry/982

The major companies profiled in the report include Northern Power Systems Inc., Bergey Wind Power Co., Kingspan Group Plc., Xzeres Wind Corp., Unitron Energy, Sun and Wind Renewables Private Limited, Fortis Wind Energy, Aeolos Wind Energy Co. Ltd., Qingdao Windwings Wind Turbine Co. Ltd., and Greenergy Technology Co.

Key Findings of the Small Wind Power Market:
• In terms of value, the off-grid segment is projected to be the fastest-growing segment during the analysis period.
• Asia-Pacific is projected to maintain its lead position throughout 2022 and will grow at a CAGR of 12.1%, in terms of volume.
• Commercial application segment occupied for around half of the total market in 2015.
• China occupied for more than half of the total Asia-Pacific small wind power market in 2015.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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