Small Wind Market Segmentation, Analysis by Recent Trends and Development till 2030

Posted on 2022-12-22 by researchinsights in Energy // 0 Comments

San Francisco, California , USA, Dec 22, 2022 — /EPR Network/ —

Small Wind Industry Overview

The global small wind market size was valued at over USD 1.10 billion in 2021 and is anticipated to exhibit a compound annual growth rate (CAGR) of 9.2% during the forecast period, owing to the global energy crisis coupled with depleting non-renewable resources for electricity generation.

Stringent government regulations towards restricting the growth of carbon footprint along with financial benefits offered to augment the adoption of renewable sources of energy is anticipated to drive the market. However, the increasing popularity of solar energy is perceived as a threat to wind energy owing to its competitive pricing and easy availability of components. Growing awareness in developed regions including Europe and North America along with developing regions of Asia Pacific is anticipated to drive business growth.

Gather more insights about the market drivers, restrains and growth of the Global Small Wind Market

The COVID-19 pandemic hampered the growth of the market. This was attributed to multiple factors including a decrease in consumption of energy in commercial spaces due to strict lockdown imposed by the governments worldwide, the slowdown of the production process, and supply chain disruptions. Moreover, the lockdown resulted in the slowdown or postponement of small wind projects which restricted the market growth.

Browse through Grand View Research’s Renewable Energy Industry Research Reports.

Solar Energy Systems Market – The global solar energy systems market size was valued at USD 160.3 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 15.7% from 2022 to 2030.
Green Hydrogen Market – The global green hydrogen market size was valued at USD 3.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 39.5% from 2022 to 2030.

Small Wind Market Segmentation

Grand View Research has segmented the global small wind market based on application, axis type, and region:

Small Wind Application Outlook (Volume, Megawatts; Revenue, USD Million, 2019 – 2030)
- On-Grid
- Off-Grid
Small Wind Application Outlook (Volume, Megawatts; Revenue, USD Million, 2019 – 2030)
- Horizontal Axis Wind Turbines
- Vertical Axis Wind Turbines
Small Wind Regional Outlook (Revenue, USD Million, 2019 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Market Share Insights:

2021: Engie announced its partnership with Eocycle to provide a small wind turbine-like set of a range of fragmented green energy systems for users in Belgium. The EOX M-26 is a horizontal axis wind turbine with 51 meters a tip height and with 90kW turbine which produces energy of about 260 MWh annually.

Key Companies profiled:

Some prominent players in the global Small Wind market include

City Windmills
Envergate Energy AG
dibu Wind production GmbH
Kingspan Group
superwind GmbH
Kliux Energies
Bergey Windpower Co.

Order a free sample PDF of the Small Wind Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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