Small Wind Power Global Market History and Forecast 2018-2023, Breakdown Data by Manufacturers | Industry to Grow at CAGR 13.88% by 2023

Small Wind Power market, to grow at ~13.88% CAGR of during the forecast period :
Small Wind Power Market is expected to grow with the CAGR of more than 18% from 2018 to 2023 ,Industry is expected to experience significant growth during the forecast period.

Market Highlights:-

The small wind power boom is part of a wider move from fossil fuels to renewable energy, across the European Union. European governments and the EU, as a whole, have supported small wind projects with favorable incentives as part of their carbon emission reduction goals. The recorded small wind capacity, installed in Europe has reached over 272.6 MW by the end of 2015. The United Kingdom heads the market, with 15% of global installed capacity in 2015.

The technological and economic potential for renewable energy to provide a growing share of clean, secure energy for North America over the coming decades, is very large. Asia Pacific is also another major market foe the small wing power. There is an increasing demand for energy because of the growing population and rising electricity demand in the region. Moreover, these rapidly growing economies in this region are also the top polluters in the world. Currently, China has the largest number of small wind project projects under planning and construction phase, which is followed by Japan. The small wind project market in Asia Pacific was valued at USD 525.9 million in 2016, and it is projected to reach USD 1,338.1 million by 2023, at a CAGR of 14.38% percent.

Industry Top Key Players:-

  • Northern Power Systems Corp.
  • Bergey Wind Power Co. Inc.
  • Ennera Energy and Mobility, S.L. 
  • Eocycle Technologies Inc. 
  • Shanghai Ghrepower Green Energy Co., Ltd
  • Guangzhou HY Energy Technology Co., Ltd 
  • XZERES Wind Corporation
  • Endurance Wind Power Inc.

 

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Scope of the Report:-

This study provides an overview of the global small wind power market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global small wind power market by its grid connectivity, axis and region.

Global Small Wind Powers Market, By Grid Connectivity

  • On-Grid
  • Off-Grid

Global Small Wind Powers Market, By Axis

  • Horizontal Axis
  • Vertical Axis

Global Small Wind Powers Market, By Region

  • Americas
  • Europe
  • Asia Pacific
  • Middle East & Africa

List of Table:-

TABLE 1 LIST OF ASSUMPTIONS 16 

TABLE 2 FAVOURABLE GOVERNMENT INCENTIVES & POLICIES BY MAJOR COUNTRIES 35 

TABLE 3 GLOBAL SMALL WIND INSTALLED CAPACITY(MW) 37 

TABLE 4 SMALL WIND POWER INSTALLED CAPACITY, BY MAJOR COUNTRY (KW) 37 

TABLE 5 GLOBAL SMALL WIND POWER MARKET VALUE ANALYSIS, BY GRID CONNECTIVITY(USD MILLION) 41 

TABLE 6 GLOBAL SMALL WIND POWER MARKET VALUE ANALYSIS, BY AXIS(USD MILLION) 44 

TABLE 7 GLOBAL SMALL WIND POWER MARKET VALUE ANALYSIS, BY REGION(USD MILLION) 47 

To be continued……

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Market Research Analysis:-

Based on axis, horizontal axis accounted for the largest market share of 65.07% in 2016, with a market value of USD 2,267.9 million and is projected to grow at a CAGR of 13.03% during the forecast period. Vertical axis was the second-largest market in 2016, valued at USD 1,217.5 million. Vertical axis turbines are powered by wind coming from all 360 degrees, and even some turbines are powered when the wind blows from top to bottom. Thus, Vertical axis wind turbines are ideal for installations where wind conditions are not consistent, or due to public ordinances the turbine cannot be placed high enough to benefit from steady wind. Vertical wind turbines were applied for urban and low noise area.

 

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