Small Wind Market
Small Wind Market Forecasts to 2030 - Global Analysis By Rotor Type (Horizontal Axis Wind Turbines (HAWT) and Vertical Axis Wind Turbines (VAWT)), Installation Type, Application, End User and By Geography
According to Stratistics MRC, the Global Small Wind Market is accounted for $1.3 billion in 2024 and is expected to reach $2.7 billion by 2030 growing at a CAGR of 8.3% during the forecast period. Small wind turbines, typically rated up to 100 kilowatts, are designed to generate renewable energy for residential, agricultural, and small commercial applications. These turbines harness wind power to produce electricity, providing an eco-friendly alternative to conventional energy sources. They are ideal for off-grid or remote locations where access to traditional power grids is limited. Small wind turbines contribute to energy independence, reduce utility costs, and have minimal environmental impact, making them a sustainable option for decentralized power generation.
According to a 2021 U.S. Energy Information Administration report on Wind Energy, 9.2% of total U.S. utility-scale electricity energy is generated by wind energy.
Market Dynamics:
Driver:
Growing demand for renewable energy
The growing demand for renewable energy in the market is driven by increasing environmental concerns, government incentives, and technological advancements. Small wind turbines are ideal for residential, agricultural, and small commercial applications, providing a decentralized energy solution. As global energy needs rise, the push for sustainable and clean energy sources boosts the adoption of small wind systems. Enhanced efficiency, lower costs, and supportive policies further fuel this market growth, making small wind a vital component of the renewable energy landscape.
Restraint:
Competition from solar panels
The market faces significant competition from solar panels, which have become increasingly popular due to their declining costs and high efficiency. Solar energy systems are easier to install, require less maintenance, and can be deployed in a wider range of locations compared to small wind turbines. This competitive pressure challenges the growth of the small wind sector, necessitating innovations in wind turbine technology and strategic partnerships to enhance market penetration and address consumer preferences for renewable energy solutions.
Opportunity:
Electrification in remote areas
Small wind turbines provide a reliable and sustainable energy solution for off-grid locations, reducing dependency on fossil fuels and enhancing energy access. They are ideal for isolated communities, remote farms, and islands, offering a cost-effective and environmentally friendly alternative to traditional energy sources. Increased government incentives and advancements in wind technology are further boosting the adoption of small wind systems in these areas, promoting rural electrification and economic development.
Threat:
High upfront costs
The high upfront costs of small wind turbines pose a significant challenge in the market. These costs include expenses for equipment, installation, site assessment, and permitting. Despite technological advancements and government incentives, initial investment remains prohibitive for many potential adopters, particularly in residential and small business sectors. Financing options are limited, further deterring investment. The payback period can be long, especially in areas with low wind speeds, affecting the perceived economic feasibility.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Small Wind market by disrupting supply chains, delaying projects, and reducing investments due to economic uncertainties. Manufacturing halts and logistical challenges led to shortages of essential components. However, the crisis also underscored the importance of renewable energy, driving a surge in interest for decentralized energy solutions like small wind turbines. Government stimulus packages and recovery plans, focused on green energy, further boosted market prospects.
The farms and ranches segment is expected to be the largest during the forecast period
The farms and ranches is expected to be the largest during the forecast period. Farms and ranches are increasingly adopting small wind turbines to harness renewable energy, reduce electricity costs, and achieve energy independence. These rural settings often have the necessary space and wind resources to make small wind systems viable. By generating their own power, farms and ranches can mitigate the impact of fluctuating energy prices and reduce reliance on grid electricity.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is expected to have the highest CAGR during the forecast period. Homeowners are investing in small wind turbines to reduce electricity bills and carbon footprints. Technological advancements have made small wind systems more efficient and cost-effective. Government incentives and favorable policies further drive adoption. Additionally, the integration of smart grid technologies enhances energy management, making residential small wind installations more attractive.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Government incentives, tax credits, and favorable policies are bolstering the adoption of small wind turbines. Technological advancements have enhanced efficiency and reduced costs, making small wind systems more accessible to residential, commercial, and agricultural sectors. The push for sustainable energy solutions and the need for energy independence are further propelling market expansion.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period driven by increasing energy demand, favorable government policies supporting renewable energy, and technological advancements in wind turbine technology. Small wind turbines are gaining popularity in remote and off-grid areas, as well as in urban settings aiming for decentralized energy solutions. Key players are focusing on innovations and strategic partnerships to tap into the burgeoning market, aiming to meet the rising energy demands and environmental concerns.
Key players in the market
Some of the key players in Small Wind market include Envergate Energy AG, Kingspan Group, Northern Power Systems, Bergey Windpower Co., Xzeres Wind Corp., Gaia-Wind Ltd., Urban Green Energy, Endurance Wind Power, Southwest Windpower, Eocycle Technologies Inc., Ampair Energy Ltd., Eveready Diversified Products, Wind Power Energies, Aeronautica Windpower and Quiet Revolution.
Key Developments:
In July 2024, Kingspan Group plc and LONGi Green Energy Technology Co., Ltd. (LONGi) have jointly announced the formalisation of a strategic partnership. This collaboration aims to integrate advanced solar technology with innovative building materials, paving the way for more sustainable construction and energy solutions.
In January 2024, Kingspan Group announced its partnership with the premier ocean cleanup company. The partnership is expected to help remove up to 167,000 pounds of plastic and trash from the Sungai Yeh Kuning river in the Jembrana region of Bali, Indonesia.
Rotor Types Covered:
• Horizontal Axis Wind Turbines (HAWT)
• Vertical Axis Wind Turbines (VAWT)
Installation Types Covered:
• Off-Grid Systems
• Grid-Connected Systems
• Hybrid Systems
Applications Covered:
• Farms and Ranches
• Water Pumping
• Recreational Vehicles
• Small Businesses
• Remote Telecommunications
• Other Applications
End Users Covered:
• Residential
• Commercial
• Government
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Small Wind Market, By Rotor Type
5.1 Introduction
5.2 Horizontal Axis Wind Turbines (HAWT)
5.3 Vertical Axis Wind Turbines (VAWT)
6 Global Small Wind Market, By Installation Type
6.1 Introduction
6.2 Off-Grid Systems
6.3 Grid-Connected Systems
6.4 Hybrid Systems
7 Global Small Wind Market, By Application
7.1 Introduction
7.2 Farms and Ranches
7.3 Water Pumping
7.4 Recreational Vehicles
7.5 Small Businesses
7.6 Remote Telecommunications
7.7 Other Applications
8 Global Small Wind Market, By End User
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Government
8.5 Other End Users
9 Global Small Wind Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Envergate Energy AG
11.2 Kingspan Group
11.3 Northern Power Systems
11.4 Bergey Windpower Co.
11.5 Xzeres Wind Corp.
11.6 Gaia-Wind Ltd.
11.7 Urban Green Energy
11.8 Endurance Wind Power
11.9 Southwest Windpower
11.10 Eocycle Technologies Inc.
11.11 Ampair Energy Ltd.
11.12 Eveready Diversified Products
11.13 Wind Power Energies
11.14 Aeronautica Windpower
11.15 Quiet Revolution
List of Tables
1 Global Small Wind Market Outlook, By Region (2022-2030) ($MN)
2 Global Small Wind Market Outlook, By Rotor Type (2022-2030) ($MN)
3 Global Small Wind Market Outlook, By Horizontal Axis Wind Turbines (HAWT) (2022-2030) ($MN)
4 Global Small Wind Market Outlook, By Vertical Axis Wind Turbines (VAWT) (2022-2030) ($MN)
5 Global Small Wind Market Outlook, By Installation Type (2022-2030) ($MN)
6 Global Small Wind Market Outlook, By Off-Grid Systems (2022-2030) ($MN)
7 Global Small Wind Market Outlook, By Grid-Connected Systems (2022-2030) ($MN)
8 Global Small Wind Market Outlook, By Hybrid Systems (2022-2030) ($MN)
9 Global Small Wind Market Outlook, By Application (2022-2030) ($MN)
10 Global Small Wind Market Outlook, By Farms and Ranches (2022-2030) ($MN)
11 Global Small Wind Market Outlook, By Water Pumping (2022-2030) ($MN)
12 Global Small Wind Market Outlook, By Recreational Vehicles (2022-2030) ($MN)
13 Global Small Wind Market Outlook, By Small Businesses (2022-2030) ($MN)
14 Global Small Wind Market Outlook, By Remote Telecommunications (2022-2030) ($MN)
15 Global Small Wind Market Outlook, By Other Applications (2022-2030) ($MN)
16 Global Small Wind Market Outlook, By End User (2022-2030) ($MN)
17 Global Small Wind Market Outlook, By Residential (2022-2030) ($MN)
18 Global Small Wind Market Outlook, By Commercial (2022-2030) ($MN)
19 Global Small Wind Market Outlook, By Government (2022-2030) ($MN)
20 Global Small Wind Market Outlook, By Other End Users (2022-2030) ($MN)
21 North America Small Wind Market Outlook, By Country (2022-2030) ($MN)
22 North America Small Wind Market Outlook, By Rotor Type (2022-2030) ($MN)
23 North America Small Wind Market Outlook, By Horizontal Axis Wind Turbines (HAWT) (2022-2030) ($MN)
24 North America Small Wind Market Outlook, By Vertical Axis Wind Turbines (VAWT) (2022-2030) ($MN)
25 North America Small Wind Market Outlook, By Installation Type (2022-2030) ($MN)
26 North America Small Wind Market Outlook, By Off-Grid Systems (2022-2030) ($MN)
27 North America Small Wind Market Outlook, By Grid-Connected Systems (2022-2030) ($MN)
28 North America Small Wind Market Outlook, By Hybrid Systems (2022-2030) ($MN)
29 North America Small Wind Market Outlook, By Application (2022-2030) ($MN)
30 North America Small Wind Market Outlook, By Farms and Ranches (2022-2030) ($MN)
31 North America Small Wind Market Outlook, By Water Pumping (2022-2030) ($MN)
32 North America Small Wind Market Outlook, By Recreational Vehicles (2022-2030) ($MN)
33 North America Small Wind Market Outlook, By Small Businesses (2022-2030) ($MN)
34 North America Small Wind Market Outlook, By Remote Telecommunications (2022-2030) ($MN)
35 North America Small Wind Market Outlook, By Other Applications (2022-2030) ($MN)
36 North America Small Wind Market Outlook, By End User (2022-2030) ($MN)
37 North America Small Wind Market Outlook, By Residential (2022-2030) ($MN)
38 North America Small Wind Market Outlook, By Commercial (2022-2030) ($MN)
39 North America Small Wind Market Outlook, By Government (2022-2030) ($MN)
40 North America Small Wind Market Outlook, By Other End Users (2022-2030) ($MN)
41 Europe Small Wind Market Outlook, By Country (2022-2030) ($MN)
42 Europe Small Wind Market Outlook, By Rotor Type (2022-2030) ($MN)
43 Europe Small Wind Market Outlook, By Horizontal Axis Wind Turbines (HAWT) (2022-2030) ($MN)
44 Europe Small Wind Market Outlook, By Vertical Axis Wind Turbines (VAWT) (2022-2030) ($MN)
45 Europe Small Wind Market Outlook, By Installation Type (2022-2030) ($MN)
46 Europe Small Wind Market Outlook, By Off-Grid Systems (2022-2030) ($MN)
47 Europe Small Wind Market Outlook, By Grid-Connected Systems (2022-2030) ($MN)
48 Europe Small Wind Market Outlook, By Hybrid Systems (2022-2030) ($MN)
49 Europe Small Wind Market Outlook, By Application (2022-2030) ($MN)
50 Europe Small Wind Market Outlook, By Farms and Ranches (2022-2030) ($MN)
51 Europe Small Wind Market Outlook, By Water Pumping (2022-2030) ($MN)
52 Europe Small Wind Market Outlook, By Recreational Vehicles (2022-2030) ($MN)
53 Europe Small Wind Market Outlook, By Small Businesses (2022-2030) ($MN)
54 Europe Small Wind Market Outlook, By Remote Telecommunications (2022-2030) ($MN)
55 Europe Small Wind Market Outlook, By Other Applications (2022-2030) ($MN)
56 Europe Small Wind Market Outlook, By End User (2022-2030) ($MN)
57 Europe Small Wind Market Outlook, By Residential (2022-2030) ($MN)
58 Europe Small Wind Market Outlook, By Commercial (2022-2030) ($MN)
59 Europe Small Wind Market Outlook, By Government (2022-2030) ($MN)
60 Europe Small Wind Market Outlook, By Other End Users (2022-2030) ($MN)
61 Asia Pacific Small Wind Market Outlook, By Country (2022-2030) ($MN)
62 Asia Pacific Small Wind Market Outlook, By Rotor Type (2022-2030) ($MN)
63 Asia Pacific Small Wind Market Outlook, By Horizontal Axis Wind Turbines (HAWT) (2022-2030) ($MN)
64 Asia Pacific Small Wind Market Outlook, By Vertical Axis Wind Turbines (VAWT) (2022-2030) ($MN)
65 Asia Pacific Small Wind Market Outlook, By Installation Type (2022-2030) ($MN)
66 Asia Pacific Small Wind Market Outlook, By Off-Grid Systems (2022-2030) ($MN)
67 Asia Pacific Small Wind Market Outlook, By Grid-Connected Systems (2022-2030) ($MN)
68 Asia Pacific Small Wind Market Outlook, By Hybrid Systems (2022-2030) ($MN)
69 Asia Pacific Small Wind Market Outlook, By Application (2022-2030) ($MN)
70 Asia Pacific Small Wind Market Outlook, By Farms and Ranches (2022-2030) ($MN)
71 Asia Pacific Small Wind Market Outlook, By Water Pumping (2022-2030) ($MN)
72 Asia Pacific Small Wind Market Outlook, By Recreational Vehicles (2022-2030) ($MN)
73 Asia Pacific Small Wind Market Outlook, By Small Businesses (2022-2030) ($MN)
74 Asia Pacific Small Wind Market Outlook, By Remote Telecommunications (2022-2030) ($MN)
75 Asia Pacific Small Wind Market Outlook, By Other Applications (2022-2030) ($MN)
76 Asia Pacific Small Wind Market Outlook, By End User (2022-2030) ($MN)
77 Asia Pacific Small Wind Market Outlook, By Residential (2022-2030) ($MN)
78 Asia Pacific Small Wind Market Outlook, By Commercial (2022-2030) ($MN)
79 Asia Pacific Small Wind Market Outlook, By Government (2022-2030) ($MN)
80 Asia Pacific Small Wind Market Outlook, By Other End Users (2022-2030) ($MN)
81 South America Small Wind Market Outlook, By Country (2022-2030) ($MN)
82 South America Small Wind Market Outlook, By Rotor Type (2022-2030) ($MN)
83 South America Small Wind Market Outlook, By Horizontal Axis Wind Turbines (HAWT) (2022-2030) ($MN)
84 South America Small Wind Market Outlook, By Vertical Axis Wind Turbines (VAWT) (2022-2030) ($MN)
85 South America Small Wind Market Outlook, By Installation Type (2022-2030) ($MN)
86 South America Small Wind Market Outlook, By Off-Grid Systems (2022-2030) ($MN)
87 South America Small Wind Market Outlook, By Grid-Connected Systems (2022-2030) ($MN)
88 South America Small Wind Market Outlook, By Hybrid Systems (2022-2030) ($MN)
89 South America Small Wind Market Outlook, By Application (2022-2030) ($MN)
90 South America Small Wind Market Outlook, By Farms and Ranches (2022-2030) ($MN)
91 South America Small Wind Market Outlook, By Water Pumping (2022-2030) ($MN)
92 South America Small Wind Market Outlook, By Recreational Vehicles (2022-2030) ($MN)
93 South America Small Wind Market Outlook, By Small Businesses (2022-2030) ($MN)
94 South America Small Wind Market Outlook, By Remote Telecommunications (2022-2030) ($MN)
95 South America Small Wind Market Outlook, By Other Applications (2022-2030) ($MN)
96 South America Small Wind Market Outlook, By End User (2022-2030) ($MN)
97 South America Small Wind Market Outlook, By Residential (2022-2030) ($MN)
98 South America Small Wind Market Outlook, By Commercial (2022-2030) ($MN)
99 South America Small Wind Market Outlook, By Government (2022-2030) ($MN)
100 South America Small Wind Market Outlook, By Other End Users (2022-2030) ($MN)
101 Middle East & Africa Small Wind Market Outlook, By Country (2022-2030) ($MN)
102 Middle East & Africa Small Wind Market Outlook, By Rotor Type (2022-2030) ($MN)
103 Middle East & Africa Small Wind Market Outlook, By Horizontal Axis Wind Turbines (HAWT) (2022-2030) ($MN)
104 Middle East & Africa Small Wind Market Outlook, By Vertical Axis Wind Turbines (VAWT) (2022-2030) ($MN)
105 Middle East & Africa Small Wind Market Outlook, By Installation Type (2022-2030) ($MN)
106 Middle East & Africa Small Wind Market Outlook, By Off-Grid Systems (2022-2030) ($MN)
107 Middle East & Africa Small Wind Market Outlook, By Grid-Connected Systems (2022-2030) ($MN)
108 Middle East & Africa Small Wind Market Outlook, By Hybrid Systems (2022-2030) ($MN)
109 Middle East & Africa Small Wind Market Outlook, By Application (2022-2030) ($MN)
110 Middle East & Africa Small Wind Market Outlook, By Farms and Ranches (2022-2030) ($MN)
111 Middle East & Africa Small Wind Market Outlook, By Water Pumping (2022-2030) ($MN)
112 Middle East & Africa Small Wind Market Outlook, By Recreational Vehicles (2022-2030) ($MN)
113 Middle East & Africa Small Wind Market Outlook, By Small Businesses (2022-2030) ($MN)
114 Middle East & Africa Small Wind Market Outlook, By Remote Telecommunications (2022-2030) ($MN)
115 Middle East & Africa Small Wind Market Outlook, By Other Applications (2022-2030) ($MN)
116 Middle East & Africa Small Wind Market Outlook, By End User (2022-2030) ($MN)
117 Middle East & Africa Small Wind Market Outlook, By Residential (2022-2030) ($MN)
118 Middle East & Africa Small Wind Market Outlook, By Commercial (2022-2030) ($MN)
119 Middle East & Africa Small Wind Market Outlook, By Government (2022-2030) ($MN)
120 Middle East & Africa Small Wind Market Outlook, By Other End Users (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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