Small Wind Turbine Market: By Type (Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine), By Application (On-Grid and Off-Grid) And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts To 2031
Small Wind Turbine Market: By Type (Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine), By Application (On-Grid and Off-Grid) And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts To 2031
PRODUCT OVERVIEW
Small wind turbines include a wide range of models, from micro turbine to home turbines to mini turbines. The power ratings of the wind turbines utilized in this end-use application range from a few watts to thousands of watts. Small wind turbines are those with a diameter of less than 15 meters. Although vertical -axis wind turbines have seen tremendous expansion in the worldwide small wind power industry, conventional wind turbines still account for the majority of small wind turbines. Small wind turbine is being used to power off-grid or distant applications such residences, farms, refuges, and beacons.
MARKET HIGHLIGHTS
Global Small Wind Turbine market is expected to project a notable CAGR of 1.3% in 2031.
Global Small Wind Turbine was valued at 0.2 billion in 2021 at a CAGR of 1.3%. The growing demand for renewable energy sources and rapid industrialization have given the worldwide small wind market a much-needed boost. The global small wind market has also grown as a result of rising energy demand & growing concerns about the environmental implications of fossil-fuel-based power generation.
GLOBAL SMALL WIND TURBINE MARKET: SEGMENTS
Vertical axis winds turbine segment to grow with the highest CAGR during 2021-31
The market is divided into two types: horizontal axis wind turbine (HAWT) and vertical axis winds turbine (VAWT). The main rotor shaft of a vertical axis wind turbines is positioned vertically. This increases the structural stability of wind turbine, which are typically located near heavily populated areas, lowering the chance of accidents. Apart from domestic applications, VAWTs are often utilized to power street lighting because they are small and attractive. In addition, when compared to horizontal positioning systems, vertical axis wind turbines do not require a directed positioning system. This cuts down on the need for complicated instruments while also lowering the overall cost.
Off-grid segment to grow with the highest CAGR during 2021-31
The market is divided into two categories based on application: on-grid and off-grid. Off-Grid had the greatest market share, had the highest market value, and was anticipated to increase at the highest CAGR over the forecast period. An off-grid system is a system that operates independently of the electrical grid and it is not linked to it. Stand-alone systems are another name for it. This is due to growing environmental concerns, and need from off-grid applications is projected to propel the industry forward.
MARKET DYNAMICS
Drivers
Increasing demand vertical axis wind turbine
Rising consumer knowledge
.
Restraint
Raw material price volatility
The pandemic outbreak slowed the expansion of the small winds turbine sector and functioned as a major brake on the market. The production process was slowed, and numerous modest wind power projects were postponed as a result of the lockdown. During this time, worldwide energy consumption declined, stifling the modest wind power market's expansion.
GLOBAL SMALL WIND TURBINE MARKET:
Key Players
- Aeolos Wind Energy Ltd
- Bergey Wind Power Co.
- City Windmills Holdings PLC
- Fortis Wind
- SD Wind Energy
- Kliux Energies
- Northern Power Systems Inc.
- Shanghai Ghrepower Green Energy Co. Ltd
- Xzeres Wind Corp.
- Ryse Energy
- Other Prominent Players
GLOBAL SMALL WIND TURBINE MARKET REPORT ALSO CONTAINS ANALYSIS ON:
Small Wind Turbine Market Segments:
- By Type
- Horizontal Axis Wind Turbine
- Vertical Axis Wind Turbine
- By Application
- On-Grid
- Off-Grid
- Small Wind Turbine Market Dynamics
- Small Wind Turbine Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
- Executive Summary
- 2 Global Small Wind Turbine Market
- 2.1. Product Overview
- 2.2. Market Definition
- 2.3. Segmentation
- 2.4. Assumptions and Acronyms
- 3 Research Methodology
- 3.1. Research Objectives
- 3.2. Primary Research
- 3.3. Secondary Research
- 3.4. Forecast Model
- 3.5. Market Size Estimation
- 4 Average Pricing Analysis
- 5 Macro-Economic Indicators
- 6 Market Dynamics
- 6.1. Growth Drivers
- 6.2. Restraints
- 6.3. Opportunity
- 6.4. Trends
- 7 Correlation & Regression Analysis
- 7.1. Correlation Matrix
- 7.2. Regression Matrix
- 8 Recent Development, Policies & Regulatory Landscape
- 9 Risk Analysis
- 9.1. Demand Risk Analysis
- 9.2. Supply Risk Analysis
- 10 Global Small Wind Turbine Market Analysis
- 10.1. Porters Five Forces
- 10.1.1. Threat of New Entrants
- 10.1.2. Bargaining Power of Suppliers
- 10.1.3. Threat of Substitutes
- 10.1.4. Rivalry
- 10.2. PEST Analysis
- 10.2.1. Political
- 10.2.2. Economic
- 10.2.3. Social
- 10.2.4. Technological
- 11 Global Small Wind Turbine Market
- 11.1. Market Size & forecast, 2020A-2031F
- 11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12 Global Small Wind Turbine Market: Market Segmentation
- 12.1. By Regions
- 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.2. By Type: Market Share (2020-2031F)
- 12.2.1. Horizontal Axis Wind Turbine, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.2.2. Vertical Axis Wind Turbine, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.3. By Application: Market Share (2020-2031F)
- 12.3.1. Off-Grid, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.3.2. On-grid, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F\
- 13 Company Profile
- 13.1. Aeolos Wind Energy Ltd
- 13.1.1. Company Overview
- 13.1.2. Company Total Revenue (Financials)
- 13.1.3. Market Potential
- 13.1.4. Global Presence
- 13.1.5. Key Performance Indicators
- 13.1.6. SWOT Analysis
- 13.1.7. Product Launch
- 13.2. Bergey Wind Power Co.
- 13.3. City Windmills Holdings PLC
- 13.4. Fortis Wind
- 13.5. SD Wind Energy
- 13.6. Kliux Energies
- 13.7. Northern Power Systems Inc.
- 13.8. Shanghai Ghrepower Green Energy Co. Ltd
- 13.9. Xzeres Wind Corp.
- 13.10. Ryse Energy
- 13.11. Other Prominent Players
- 14 Consultant Recommendation
- The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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