Press release
Distributed Wind Market Size Forecasted To Achieve $6.59 Billion By 2029 With Steady Growth
The Distributed Wind Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Distributed Wind Market Size and Projected Growth Rate?
The distributed wind market has grown steadily, projected to increase from $4.93 billion in 2024 to $5.24 billion in 2025 at a CAGR of 6.2%. Growth has been fueled by a rise in community and small-scale wind projects, increased focus on grid reliability and resilience, growing public acceptance of wind energy, expansion of rural electrification initiatives, and heightened environmental concerns.
The distributed wind market is set to experience steady growth, reaching $6.59 billion by 2029 at a CAGR of 5.9%. The key drivers of growth include the decentralization of energy systems, the increasing focus on corporate sustainability goals, ongoing research and development, advancements in energy storage solutions, and supportive government policies and incentives. Major trends include technological progress, capacity enhancements, the adoption of hybrid energy systems, and advancements in vertical axis wind turbines.
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What Are the Major Segments in the Distributed Wind Market?
The distributed windmarket covered in this report is segmented -
1) By Turbine Type: Small (Under 100 kW), Mid-Size (100 kW - 500 MW), Large-Scale (Over 500 kW)
2) By Installation Type: On-Grid, Off-Grid
3) By Application: Residential, Agricultural, Industrial, Government, Institutional, Commercial
Subsegments:
1) By Small (Under 100 kW): Horizontal-Axis Wind Turbines (HAWT), Vertical-Axis Wind Turbines (VAWT), Micro Wind Turbines, Off-Grid Small Wind Turbines, Hybrid Wind-Solar Systems, Portable Wind Turbines
2) By Mid-Size (100 kW - 500 kW): Horizontal-Axis Wind Turbines (HAWT), Vertical-Axis Wind Turbines (VAWT), Grid-Connected Mid-Size Wind Turbines, Community Wind Systems, Distributed Generation Systems For Farms Or Factories
3) By Large-Scale (Over 500 kW): Horizontal-Axis Wind Turbines (HAWT), Grid-Connected Large-Scale Wind Turbines, Offshore Wind Turbines For Distributed Systems, Utility-Scale Distributed Wind Projects, Industrial And Commercial Large-Scale Wind Turbines, Repowering Of Existing Wind Projects.
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What Are The Driving Distributed Wind Market Evolution?
The growing demand for renewable energy is expected to significantly impact the distributed wind market. With an increasing focus on sustainability, renewable energy generation is becoming more important. Distributed wind energy, which involves small-scale wind turbines installed close to consumption areas, helps reduce transmission losses and promotes energy independence. The US wind power sector added substantial capacity in 2022, and with projections for further growth, distributed wind energy is becoming a key player in achieving renewable energy goals. This trend is expected to continue, driving growth in the distributed wind market.
Which Firms Dominate The Distributed Wind Market Segments?
Major companies operating in the distributed wind market are Siemens AG, General Electric Company, Acciona S.A., Vestas Wind Systems A/S, Goldwind Science & Technology Co. Ltd., Nordex SE, Enercon GmbH, Suzlon Energy Ltd., Boralex Inc., AeroVironment Inc., Envision Group, Sinovel Wind Group Co. Ltd., Emergya Wind Technologies B.V., Ming Yang Wind Power Group Limited, MTU Onsite Energy Corp., Clipper Windpower Plc, Guodian United Power Technology Co. Ltd, Northern Power Systems, Pika Energy Inc., Kestrel Renewable Energy, Bergey Windpower Co., Helix Wind Corp., Vortex Bladeless Ltd., Windstream Energy Technologies India Pvt. Ltd, Senvion S.A.
What Are the Major Trends Shaping the Distributed Wind Market?
In the distributed wind market, strategic partnerships are key to advancing wind energy adoption. In March 2024, National Renewable Energy Laboratory (NREL) and Pacific Northwest National Laboratory (PNNL) launched the National Distributed Wind Network to support distributed wind energy projects across the U.S., offering technical assistance to farmers, businesses, and municipalities.
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Which Is The Largest Region In The Distributed Wind Market?
North America was the largest region in the distributed wind market in 2024. The regions covered in the distributed wind market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Distributed Wind Market?
2. What is the CAGR expected in the Distributed Wind Market?
3. What Are the Key Innovations Transforming the Distributed Wind Industry?
4. Which Region Is Leading the Distributed Wind Market?
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