Small Wind Turbine Market Global Outlook 2021-2025: City Windmills Holdings PLC, Fortis Wind, SD Wind Energy, Kliux Energies

Market Insights Reports delivers key insights on the Small Wind Turbine market in its latest report titled, “Small Wind Turbine Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The small wind turbine market is expected to register a CAGR of around 1% during 2020 – 2025.

Market Overview:

Factors, such as rising environmental concerns and high cost of grid expansion, are expected to be major drivers driving the market. Also, advancement in technology leading to wind turbine manufacturing cost reduction and increase in efficiency have been a major factor for the growth of small wind turbine market. However, the increasing adoption of alternate energy sources, such as gas-based power and solar power, are likely to hinder the market growth.

Vertical axis wind turbine is the fastest growing type of the small wind market, owing to the rising popularity of the same in the residential sector, especially in emerging markets, such as China, Brazil, and India.

The emerging markets in Africa and South America offer a robust business opportunity for the small wind power business, as countries, including Brazil, South Africa, and Chile, are on the cusp of development, and there is an increased demand for electricity, which is expected to provide market opportunities for small wind turbine in the coming years.

Asia-Pacific is expected to dominate the market’s growth with majority of the demand coming from countries, such as the China and India. Asia-Pacific accounted for over 36% of global wind energy generation, amounting to 460.5 terawatt-hours in 2018. The government of China has been encouraging the deployment of small wind power (SWP) technologies, since the early 1980s, and it is one of the few emerging economies to actively develop in this sector.

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Top Key Players in the Global Small Wind Turbine Market: Aeolos Wind Energy Ltd, Bergey Wind Power Co., City Windmills Holdings PLC, Fortis Wind, SD Wind Energy, Kliux Energies, Northern Power Systems Inc., Shanghai Ghrepower Green Energy Co. Ltd, Xzeres Wind Corp., Ryse Energy, and Others.

Key Market Trends:

Vertical Axis Wind Turbine to Grow at the Fastest Rate

Small Wind turbines offer the benefits of modern electricity services to households that had no access to electricity, reducing electricity costs on islands and in other remote locations that are dependent on oil-fired generation, as well as enabling residents and small businesses to generate their own electricity.

Vertical axis wind turbines have the main rotor shaft arranged vertically. This gives higher structural stability to the wind turbines, which are generally placed nearby the densely populated area and reduce the risk of accidents.

Additionally, the vertical axis wind turbines eliminate the requirement of directional positioning system, as compared to the horizontal positioning system.

With the technological upgradations and the wind turbine manufacturing costs declining significantly, in recent years, the adoption of vertical wind turbine has been increasing considerably.

Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2015 to 2019 historically and from 2020 to 2025 forecasted, it also includes the impact of Covid-19 both on the short- and long-term prospects of the industry.

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Asia-Pacific to Dominate the Market

- Asia-Pacific has dominated the wind power generation segment in 2018 and is expected to continue its dominance in the coming years as well. The region holds vast potential for the expansion of small wind turbine market, notably in the form of off-grid and residential small wind turbine.

- In 2017, Chinese small wind manufacturers reported sales of 41.7 MW in capacity. A total of 27.7 MW of small wind turbines were sold in China, while 14 MW were exported.

- Inefficiencies in the power grid infrastructure, power supply shortages, and the scalability of decentralized technology pave way for the deployment in the region, particularly in China and India.

- With the rising pollution concerns across the world due to industrialization, especially in Asia-Pacific, the regional wind power generation has gained considerable momentum.

- Moreover, various government initiatives, such as incentives and energy saving certificates by the governments in India, China, Malaysia, and Thailand, are also expected to encourage commercial units to adapt to power generation from small wind turbines during the forecast period.           

This Small Wind Turbine Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place

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Post Covid-19 Analysis:

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