Global Small Wind Turbine Market is estimated to expand at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. Small wind turbines are connected to the grid through the power suppliers or they couldstand alone (off-grid). The factors that propel the growth of the market include growing investments in renewable energy, cost efficiency of the wind energy, technical innovations, and presence of key end users. On the other hand, there is a factor that may hamper the growth of the market including the decreasing cost of solar PV modules.
Small wind turbine market couldbe explored by product type, application, and geography. Market by product type could spanVertical-Axis Wind Turbine and Horizontal-Axis Wind Turbine. The “Horizontal-Axis Wind Turbine” sector led the market in 2016 and is anticipated to maintain its dominance by 2025. The key factors that could be attributed to the growth include the benefits such as variable pitch blade capacity, high producing capacity, improved effectiveness, and tall towers that capture a huge amount of wind energy. Market could be explored based on the application as Hospital, Municipal and Government, and Airport.
Small wind turbine market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. APAC accounted for the major share of the market in 2016 and will continue to lead in the forecast period. The key factors attributed to the growth of market include growing preference toward the acceptance of small wind turbines for generation of electricity and occurrence of offshore and onshore counties with good wind speeds for installations of small wind turbines in this region
The key players contributing to the robust growth of the small wind turbine market comprise Kingspan Group Plc, Bergey Wind Power Co, Northern Power Systems Inc, Shanghai Ghrepower Green Energy Co., Ltd., Xzeres Wind Corp, City Windmills Holdings PLC, Endurance Wind Power Inc, Fortis Wind, Kliux Energies, Aeolos Wind Energy Ltd, and among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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The global Small Wind Turbines market was valued at $XX million in 2017, and analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028.
This report provides detailed historical analysis of global market for Small Wind Turbines from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Small Wind Turbines market.
Leading players of Small Wind Turbines including:
- Northern Power Systems
- Primus Wind Power
- Ghrepower
- Ningbo WinPower
- Bergey wind power
- ZK Energy
- Polaris America
- Ogin, Inc.
- Renewtech
- Montanari Energy
- Turbina Energy AG
- Oulu
- Eocycle
- HY Energy
- S&W Energy Systems
- Kliux Energies
Market split by Type, can be divided into:
- Horizontal axis wind turbine
- Vertical axis wind turbine
Market split by Application, can be divided into:
- On-Grid
- Off-Grid
Market split by Sales Channel, can be divided into:
- Direct Channel
- Distribution Channel
Market segment by Region/Country including:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America Brazil, Argentina, Colombia and Chile etc.)
- Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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