Small Wind Market to witness growth opportunities at a growth rate of 9.05 percent over 2022-29

Pune 27 Feb 2023: The report expects the market to grow from USD 8.25 Bn in 2021 to USD 16.5 Bn by 2029 at a CAGR of 9.05 percent during the forecast period from 2022 to 2029. Maximize Market Research is a leading Energy & Power research firm that has delivered a detailed analysis of the "Small Wind Market".

Small Wind Market Report Scope and Research Methodology

The Small Wind Market report provides current trends and market highlights, assisting clients in exploring opportunities and developing market strategies. Key market participants, revenue, financial status, portfolio, growth strategies, and regional presence are all included in the report. The report contains a bottom-up approach to understanding estimations of the Small Wind market. A detailed study is conducted on the drivers, challenges, major restraints to the market, and opportunities prevailing for the Small Wind Market. Segment-wise analysis of the Small Wind market is divided into Type, Installation Type and Application.

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Regional analysis of Small Wind at a global, regional, and country level. The report includes a competitive landscape based on Growth models and strategies used by key players. This provides a thorough analysis for understanding the dominant market share and small wind market penetration in the Small Wind industry.

The report involves the approaches of qualitative and quantitative research using SWOT, PESTLE, and Porter's Five Force analysis tools. The report contains primary and secondary data sources. Thus the report serves as a guide for investors, stakeholders and market followers of the Small Wind market.

Increasing adoption of renewable sources for energy generation drives the global Small Wind Market

The increasing energy crisis with exhausting non-renewable sources for the generation the energy and strict government regulations to reduce the carbon footprint are the factors that help to increase the adoption of renewable sources for energy generation.

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The increasing demand for electricity for industrialization, rising concerns regarding the environmental effects and an increase in the use of small wind turbines for commercial as well as industrial sectors are the factors to drive the growth of the Small Wind market. During the forecast period, the Small Wind Market growth is expected to be driven by growing awareness about renewable sources among individuals and increasing government investment in the development of electric generation with the integration of renewable sources.

Asia Pacific region is expected to dominate the global Small Wind Market during the forecast period

In 2021, the Asia Pacific region dominated the Small Wind Market with a significant CAGR and is expected to continue its dominance over the forecast period. China and India are expected to be the market leaders in the region over the forecast period. Growth of the wind industry and presence of the flexible options for energy generation are factors expected to drive regional growth of the Small Wind Market.

Europe dominated the global Small Wind Market in 2021, holding the largest market revenue share. The U.K. led the regional market due to the large-scale funding for small wind, production facilities and the increase in the government regulations for small wind power.

In terms of value and volume, the North American region held the second-largest position in the global Small Wind Market. The regional Small Wind Market growth is driven by the increase in consumption of renewable sources and the regulations insights for small wind power by the USA. In the USA 42 states had utility-scale wind projects and in 2021, it generated a total of about 380 Bn kilowatt-hours (kWh).

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Small Wind Market Segmentation

By Type

Horizontal Axis Wind Turbine
Vertical Axis Wind Turbine

By Installation Type

On-Grid
Off-Grid

By Application

Domestic
Small-Scale Industries
Commercial

Small Wind Market Key Players include:

Northern Power Systems Corp. (U.S.)
Bergey Wind Power Co. Inc. (U.S.)
XZERES Wind Corporation (U.S.)
Eocycle Technologies Inc. (Canada)
Endurance Wind Power Inc. (Canada)
Kingspan Group Plc. (Ireland)
City Windmills Holdings PLC (U.K.)
Aeolos Wind Energy Ltd (U.K.)
L. (Spain)
Ennera Energy and Mobility (Spain)
ENVERGATE ENERGY AG (Switzerland)
Guangzhou HY Energy Technology Co. Ltd (China)
Shanghai Ghrepower Green Energy Co. Ltd (China)

Table of for Global Small Wind Market:

Global Small Wind Market: Research Methodology
Global Small Wind Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

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Global Small Wind Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Small Wind Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Installation Type (2021-2029)
Global Market, by Application (2021-2029)

Regional Global Small Wind Market(2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Installation Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of the Type, Installation Type Applications and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

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