About Small Wind Power-
Small Wind Power or the small wind energy is the process of converting wind into mechanical energy or electricity. Small turbines in wind power systems converts kinetic energy in the wind into mechanical power. This mechanical power further used for specific tasks (such as grinding grain or pumping water), or can be converted into electricity by a generator. Small wind power is becoming increasingly popular thanks to their potential to save homeowners money on their energy bills.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for Small Wind Power- is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United Kingdom Manufacturers will contribute the maximum growth to Global Small Wind Power- 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.
Quietrevolution (United States), BaiWind S.L (Spain), Bornay (Spain), BRAUN Windturbinen GmbH (Germany), Enessere (Italy), Crossflow Energy (United Kingdom), Renewable Land, LLC (United States), City Windmills (United Kingdom), Unitron (Energy (India) and TUGE Energia (Estonia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Gaia-Wind (United Kingdom) and Britwind (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Small Wind Power- market by Type (Horizontal Axis and Vertical Axis), Application (Electricity Generation, Water Pumping and Other) and Region.
On the basis of geography, the market of Small Wind Power- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Power- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. <10 kW will boost the Small Wind Power- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grid Type, the sub-segment i.e. On-Grid will boost the Small Wind Power- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial will boost the Small Wind Power- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Uses of Artificial Intelligence in Wind Power Generation and Innovation of New Wind Turbines for Small Wind Power
Market Growth Drivers:
Rising Demand in Cost Efficient Energy Sources, Rising Demand in Renewable Energy Sources, Rising Concern About Pollution and Greenhouse Effects and Surge in Demand in Water Pumping on Farm and Ranches
Challenges:
Lack of Space Availability for Installation, Low Penetration in Developing Regions, High Cost Installation and Maintenance Associated with Small Wind Power and Lack of Consistency of Wind in Particular Area for Wind Power Generation
Restraints:
High Initial Cost Associated with Small Wind Power
Opportunities:
Growth in Commercial Electricity Use and Rapid Adoption of Renewable Energy across the World
On 21 November 2021, Crossflow Energy has launched the Crossflow Wind Turbine. Reliable and easy to install, the unique turbine specifically addresses the issues that have historically inhibited the adoption of small-scale wind.
The Federal Energy Regulatory Commission (FERC) is the government regulatory commission that oversees and is responsible for determining what level of analysis is required for a given energy project. Generally, FERC oversees the grid connections and generators connected to the higher voltage systems, while states regulate the retail markets for electricity and oversee the connectivity of generators connected to lower-voltage systems. The commission’s oversight includes installing and ensuring the compliance with a laundry list of legislation that includes the Energy Policy Act of 2005.
Key Target Audience
Small Wind Power Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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.