The demand for the small wind power is increasing continuously, due to the growing demand for renewable sources for energy generation. Increasing awareness regarding the energy conservation among the consumers also fuelling the growth of the market. Moreover, growing population and rapid industrialization, are the other major factors have the positive influence on the growth of the market. However, high initial cost of small wind is the major factor may hamper the growth of the market.
Small wind turbines can be developed to meet the specifications suitable for the domestic and international (developed and developing) markets. These turbines can be coupled with diesel generators, batteries and other distributed energy sources for remote use where there is no access to the grid. One of the primary drivers for the growth of small wind power market, is the important part played by the government initiatives and policies. In many countries such as Japan and EU countries, policies such as feed-in tariffs, net metering, tax credits, and capital subsidies are the major energy policies geared, specifically, towards small wind.
Global Small Wind Power Market – Competitive Analysis
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Small Wind Power market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
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Industry Major Key Players:-
Some of the top key players in the small wind power market are Bergey Wind Power Co. Inc. (U.S.), Ennera Energy and Mobility, S.L. (Spain), Eocycle Technologies Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd (China), Kingspan Group Plc. (Ireland), Northern Power Systems Corp. (U.S.),Guangzhou HY Energy Technology Co., Ltd (China), XZERES Wind Corporation (U.S.), Endurance Wind Power Inc. (Canada), Aeolos Wind Energy Ltd (U.K.), and City Windmills Holdings PLC (U.K.).
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 Region
- Asia Pacific
- Middle East & Africa
Global Small Wind Powers Market, By Grid Connectivity
Global Small Wind Powers Market, By Axis
- Horizontal Axis
- Vertical Axis
In June 2013, Kingspan Wind is launching its new, much anticipated, high performance KW15 wind turbine at the All-Energy Exhibition & Conference.
In September 2014, Northern Power Systems has launched the next generation of its industry leading permanent magnet/direct drive distributed wind turbines. The 100 kilowatt (kW) NPS 100C is commercially available for delivery to the British market starting in the first quarter of 2015.
In September 2016, Eocycle Technologies Inc. launched the next generation EO25 wind turbine. The new wind turbine provides a 65% increase in energy production over the similar model from the previous generation. No other small wind turbine in the market can match its efficiency. At 6 m/s, the turbine has a certified capacity factor of 44%, resulting in an annual production of more than 87,000 kWh.
In August 2017, Eocycle Technologies Inc. launched revolutionary Power Purchase Program in the UK. Through this program, customers only pay for the electricity they consume while Eocycle owns and operates the turbine. Customers can see savings of 100,000 British Pound or more over the life of the wind turbine.
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Global Small Wind Power Market – Regional Analysis
European governments and the EU, have supported the small wind projects with supportive incentives and regulations as part of their carbon emission reduction goals. In Europe, the installed small wind capacity 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.
Asia Pacific is also another major market for the small wind power. Increasing demand for energy because of the growing population and rising electricity demand in the region driving the growth of the market. Moreover, these rapidly growing economies in this region are the top polluters in the world. Presently, China has the largest number of small wind project projects under planning and construction phase, which is followed by Japan.
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