Small Wind Turbines Market Scope
Small wind turbines are also known as home wind turbines and are much smaller than that are on wind farms. Large wind turbines have a blade diameter similar to the length of a football field whereas small wind turbines have a diameter up to 10 meters wide. These turbines have smaller power output and are perfect for smaller electricity needs such as residential and portable applications. These turbines need smaller space and are the best fit for rural areas. It has the capacity to offset whole-home electricity.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Foshan Tanfon Energy Technology Co.,Ltd . (China), Aeolos Wind Energy Ltd (United Kingdom), MKW Group, LLC (United States), Windustry (United States), Fortis Wind (Netherland), Wind Energy Solutions (Netherland), Vaigunth Ener Tek Pvt Ltd. (India), WindEnergy7 (United States), Fortis Wind Energy (Netherland) and Eveready (Pty) Ltd. (South Africa) |
CAGR | % |
The Market for the Small Wind Turbines is fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to Booming Industrialization & Urbanization, there are Growing Prospects for the New Players to Enter the Market. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Small Wind Turbines market throughout the predicted period.
Foshan Tanfon Energy Technology Co.,Ltd . (China), Aeolos Wind Energy Ltd (United Kingdom), MKW Group, LLC (United States), Windustry (United States), Fortis Wind (Netherland), Wind Energy Solutions (Netherland), Vaigunth Ener Tek Pvt Ltd. (India), WindEnergy7 (United States), Fortis Wind Energy (Netherland) and Eveready (Pty) Ltd. (South Africa) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Hi-VAWT (Taiwan), Quietrevolution (United Kingdom), Bornay (Spain), Enessere (Italy) and Argosy Wind Power (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Small Wind Turbines market by Type (Stand Alone and Grid Connected), by Application (Industrial and Household) and Region with country level break-up.
On the basis of geography, the market of Small Wind Turbines 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).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In July 2018, SD Wind Energy Limited a manufacturer of small wind turbines and energy systems announced acquisition with Kingspan Group, a manufacturer of small-scale off-grid power systems to expand its products and services of Off-Grid & Mini-Grid expertise for island communities, rural electrification, telecoms and the Oil & Gas sectors.
Small Wind Turbines Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - The Use of Flax Fibre in Making Blade As Compare to E-Glass Fibre Is Increasing
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Key Restraints | - Carbon Fibre Composites and Petroleum-Based Epoxies Small Wind Turbines Are Harmful To Environment
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Challenges | - Lead-Acid Batteries in Stand-Alone Small Wind Turbines Must Be Protected From Extreme Temperature
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Market Opportunities | - The Use of Biodegradable Blade Materials in Small Window Turbines Is Increasing As Compare to Petroleum Based Epoxies
- The Increasing Government Investments on Green Energy Leads to the Growth in Small Wind Turbines
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Key Target Audience
Small Wind Turbines Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material Suppliers, Dealers, Suppliers, Traders and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry