Global Small Wind Turbines Market, By Product (Horizontal-Axis Wind Turbine, Vertical-Axis Wind Turbine), By Applications (On-grid, Off-grid), By End-users (Government, Hospitals, Airports, Industries, Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2023-2032)

The Small Wind Turbines Market is estimated at USD 9.32 Billion in 2022, registering at a promising CAGR of 14.65% from 2023 to 2032. The historic year considered is 2020 and the base year considered for the study is 2021, the estimated year is 2023 and the forecast has been provided for the period, 2023 to 2032.

Rise in the number of adoption of renewable sources of energy is expected to drive the growth of small wind turbines market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

With the assistance of wind, small wind turbines are used to produce electrical energy. The power of small wind turbines ranges from 1 kW to 300 kW. Also, the capability of some larger generators used in ships and caravans is 50 watts. Small wind turbine engines are generally three-phase parallel present generators.

The cost-effectiveness of tiny wind turbines and the growing acceptance of renewable energy sources worldwide are significant variables influencing development in the worldwide industry for tiny wind turbines. Furthermore, growing knowledge among people about the use of renewable energy sources and enhancing government investment to enhance electricity generation through the integration of renewable energy sources such as wind energy are other variables anticipated to drive target market growth over the forecast period.

Inconsistency in wind speed, however, is a significant limiting factor in worldwide market growth. Furthermore, the use of tiny wind turbines can present a risk to birds as spinning propellers can murder them. In addition, the use of tiny wind turbines can trigger noise pollution in residential areas, which in the forecast period can hamper the development of the worldwide small wind turbine industry.

Most tiny wind turbines are standard wind turbines on the flat axis, but wind turbines on the vertical axis are anticipated to grow in the close future due to increased industrialization and increased infrastructure in non-connected fields.

Key Factors Impacting Market Growth:

  • Rise in the number of adoption of renewable sources of energy

  • Increasing government investments

  • Rapidly increasing industrialization

Regional Analysis:

The regional outlook for small wind turbines market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for small wind turbines market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of small wind turbines market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.

Asia Pacific is estimated one of the fastest growing regions for small wind turbines market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Fortis Wind Energy, ElectroVent, Bergey Windpower, Ampair, XZERES, Urban Green Energy, Polaris America, Evance Wind Turbines, Kestrel Wind Turbines, Gaia-Wind, Endurance Wind Power, Windspire Energy...

Market Segmentation:

By Product:

  • Horizontal-Axis Wind Turbine

  • Vertical-Axis Wind Turbine

By Applications:

  • On-grid

  • Off-grid

By End-users:

  • Government

  • Hospitals

  • Airports

  • Industries

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Product

    • By Applications

    • By End-users

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Product

    • By Applications

    • By End-users

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Product

    • By Applications

    • By End-users

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Product

    • By Applications

    • By End-users

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Product

    • By Applications

    • By End-users

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Product

    • By Applications

    • By End-users

Reasons To Buy This Report:

  • Market size estimation of the small wind turbines market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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