Small Wind - Global Strategic Business Report

The global market for Small Wind was valued at US$1.3 Billion in 2024 and is projected to reach US$2.4 Billion by 2030, growing at a CAGR of 10.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Small Wind Market - Key Trends & Drivers Summarized

Small wind energy systems, typically defined as wind turbines with capacities of up to 100 kW, are becoming an increasingly important component of the renewable energy landscape. These systems are designed for localized power generation, serving residential, agricultural, commercial, and small industrial applications. Small wind turbines can be installed on-grid or off-grid, providing a versatile solution for reducing electricity costs and carbon footprints. They are particularly beneficial in rural and remote areas where the power grid may be unreliable or nonexistent. Advances in turbine technology, including improved aerodynamics, materials, and control systems, have significantly enhanced the efficiency and reliability of small wind systems.

The market for small wind energy is expanding due to a combination of technological advancements and supportive regulatory environments. Governments worldwide are implementing incentives, such as tax credits, feed-in tariffs, and grants, to promote the adoption of small wind systems. These incentives, coupled with rising electricity prices and increasing awareness of environmental issues, are driving the demand for renewable energy solutions. The cost of small wind turbines has also decreased over time, making them a more economically viable option for a broader range of users. Furthermore, innovations in hybrid systems that combine wind, solar, and battery storage are enhancing the appeal and functionality of small wind installations.

The growth in the small wind market is driven by several factors. Firstly, the increasing demand for decentralized energy solutions, especially in off-grid and rural areas, is boosting the adoption of small wind systems. Secondly, advancements in turbine technology, including more efficient blades and better energy capture at lower wind speeds, are improving the performance and cost-effectiveness of these systems. Thirdly, government policies and incentives aimed at promoting renewable energy are providing financial support and regulatory frameworks conducive to small wind projects. Lastly, the growing emphasis on sustainability and the reduction of carbon emissions are encouraging individuals and businesses to invest in renewable energy sources like small wind. These factors collectively contribute to the robust growth of the small wind market.

Scope of the Study

The report analyzes the Small Wind market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Axis Type (Horizontal, Vertical); Installation Type (Off-Grid, On-Grid); Application (Commercial, Residential, Utilities).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Horizontal Axis Wind Turbine segment, which is expected to reach US$1.6 Billion by 2030 with a CAGR of a 9.4%. The Vertical Axis Wind Turbine segment is also set to grow at 12.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $188.6 Million in 2024, and China, forecasted to grow at an impressive 14.1% CAGR to reach $776.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Intertek Group PLC, Jacobs Wind Electric Company, Fortis Wind BV, Orchid International, Bergey WindPower Company and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Small Wind Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Small Wind Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Small Wind Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 95 major companies featured in this Small Wind market report include:

• Intertek Group PLC
• Jacobs Wind Electric Company
• Fortis Wind BV
• Orchid International
• Bergey WindPower Company
• Kliux Energies International Inc.
• Marlec Engineering Co., Ltd.
• Foshan Ouyad Electronic Co., Ltd.
• Leviathan Energy LLC
• Guangzhou HY Energy Technology Limited Corp.
• Energy Technology Centre Ltd.
• Northern Power Systems, Inc.
• Braun Windturbinen GmbH
• Halo Energy
• MOWEA GmbH