About Small Wind Turbine
Small wind turbines are low cost, low maintenance, and dependable alternative energy generators. Its installation time is less and it is not required any additional infrastructure. Small wind turbines are usually used in remote or rural areas. Small wind turbines are used to support unattended operations. It is used across developed and developing countries. In the United States, 24% population lives in rural areas and most of them are having individual access to the grids.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global small wind turbine market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that Asia Pacific Manufacturers will contribute the maximum growth to Global Small Wind Turbine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bergey Windpower Co. (United States), GreenSpec (United Kingdom), Endurance Wind Power (Canada), Southwest (United States), Kestrel (South Africa), Zephyr (Japan), Fortis (The Netherlands), Luminous (India) and Spitzen (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Xzeres (United States), Polaris America (United States), Windspire Energy (United States), Gaia-Wind (United Kingdom), Urban Green Energy (United States) and ElectroVent (South Africa).
Segmentation Overview
AMA Research has segmented the market of Global Small Wind Turbine market by Type (Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine), Application (Hospital, Municipal and Government, Airport and Others) and Region.
On the basis of geography, the market of Small Wind Turbine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Turbines will boost the Small Wind Turbine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement, Increase Adoption Wind Sizes Of 5 To 40 Kw in Industrial Sector and Increase Demand for Low Maintenance Turbine Systems in Domestics and International Wind Energy
Market Growth Drivers:
Increase Generation of Electricity and Occurrence of Offshore and Onshore Counties, Growing Needs by Increasing Migration to Urban Areas by Developing Countries and Growing Use and Manufacture of Energy Intensive Products
Challenges:
Some areas have regulations that restrict the installation of small wind turbines, such as zoning laws or noise ordinances.
Restraints:
High Cost of Solar PV Modules
Opportunities:
Growth in Per Capita Income, Growth in Energy Services across the Globe and Increase Government Concerns towards Poor Efficiency in Providing Power
Market Leaders and their expansionary development strategies
In July 2023, Ryse Energy, a global leader in decentralized renewable energy systems, has acquired leading US micro wind turbine manufacturer Primus Wind Power.The strategic acquisition solidifies Ryse Energy's position as the most diverse small wind turbine technology player globally, opens doors to new North American opportunities and fast-tracks American manufactured Ryse Energy wind turbines.
In Apr 2019, Braun Windturbinen announced the installation of a small wind turbine in France. Which is made in Germany, and this wind is monitored by the Thies Clima.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Small wind turbine Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.