Global Small Wind Turbine Market 2024-2028
The small wind turbine market is forecasted to grow by USD 755.65 mn during 2023-2028, accelerating at a CAGR of 9.06% during the forecast period. The report on the small wind turbine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy, increasing benefits of using vertical axis wind turbines, and government support for wind energy projects.
Technavio's small wind turbine market is segmented as below:
By Type
- Horizontal Axis
- Vertical Axis
By Installation Sites
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the adoption of hybrid street lighting systems as one of the prime reasons driving the small wind turbine market growth during the next few years. Also, the emergence of smart cities and increased applications of small wind projects will lead to sizable demand in the market.
The report on the small wind turbine market covers the following areas:
- Small wind turbine market sizing
- Small wind turbine market forecast
- Small wind turbine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading small wind turbine market vendors that include Aelius Turbina, Aeolos Wind Energy Ltd., ArborWind, BP Plc, Chava Wind LLC, City Windmills Ltd., EOCYCLE, GRESA GROUP Co., Hi VAWT Technology Corp., Kingspan Group Plc, Kliux Energies International Inc., Leviathan Energy LLC, Northern Power Systems Srl, Oy Windside Production Ltd., SD Wind Energy Ltd., Shanghai Ghrepower Green Energy Co. Ltd, Superwind GmbH, TUGE Energia, V Air Wind Technologies, Vaata Smart Pvt. Ltd., and Viking Wind. Also, the small wind turbine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.