Small Wind Market Analysis, Share and Size, Trends, Industry Growth And Segment Forecasts To 2025
“The Small Wind Market is anticipated to witness growth at over 14.3% from 2017 to 2025 on account of increasing awareness about towards emission free renewable energy.�
The Global Small Wind Market is expected to reach USD 1.79 Billion by 2025, according to a new report by Hexa Reports. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth. Increasing global population coupled with rising energy deficit are some of the factors anticipated to positively influence the small wind market. In addition, the gradual reduction in per kilowatt prices along with affordable installation prices of wind turbines for electricity demand will favor the business growth. Stringent government regulations are encouraging grid connectivity to reduce the burden on use of nonrenewable sources for electricity generation. Numerous financial and economic benefits including Feed-inTariffs (FiT), Production Tax Credit (PTC), Investment Tax Credit (ITC) among others are expected to augment the small wind market growth over the forecast period. The off-grid application segment of the small wind market is expected to account for 59.58% of the global market share in 2025. The demand for off-grid wind turbines can be attributed to the long standing conventional methods of harnessing this energy for electrification, however, this segment is set to witness a decline due to the government initiatives launched to boost grid connectivity. Such regulatory initiatives will boost the on-grid segment of the small wind market over the forecast period.
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Horizontal axis wind turbines (HAWT) are the preferred axis type in the global small wind market given the ease in installation coupled with affordable pricing. However, the Vertical Axis Wind Turbine (VAWT) is fast gaining consumers' attention and is expected to grow at a higher rate over the forecast period. Europe was the leading region due to changing perceptions towards adoption of renewable energy. Large scale investments along with high consumer awareness is predicted to drive the small wind market by 2025. The abundant availability of onshore and offshore regions for wind turbine installation options is augmenting the growth of the regional market over the forecast period. Further key findings from the report suggest: • The small wind market is anticipated to witness growth at over 14.3% from 2017 to 2025 on account of increasing awareness about towards emission free renewable energy. Vertical axis wind turbines will grow at the fastest rate in terms of revenue, registering a CAGR of 18.7%, during the forecast period owing to its innovative design and energy efficiency. • Europe small wind market is predicted to witness substantial growth and was valued at USD 228.0 million in 2016 owing to rising demand control the region's carbon footprint. • Key participants of the small wind market include City Windmills, Envergate, Dibu Wind, Kingspan Wind, Superwind, Kliux Energies, and Bergey Windpower among others. These companies are focused on increasing their global presence using product modernization and design innovation strategies.
Request A Sample copy of This Report @ https://www.hexareports.com/report/small-wind-market/request-sample Table Of Content Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. Market Snapshot Chapter 3. Small Wind Market Variables, Trends & Scope 3.1. Market Segmentation & Scope 3.2. Penetration & growth prospect mapping, 2014 - 2025 3.3. Small wind market - value chain analysis
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3.4. Regulatory framework 3.5. Technology Overview 3.6. Small wind market dynamics 3.7. Key opportunities prioritized 3.8. Industry analysis - Porter's 3.9. Small wind market - PESTEL analysis Chapter 4. Small Wind Market: Application Estimates & Trend Analysis 4.1. Application Market Introduction, 2016 & 2025 4.2. Off Grid 4.3. On grid Chapter 5. Small Wind Market: Axis Type Estimates & Trend Analysis 5.1. Axis Type Market Introduction, 2016 & 2025 5.2. Horizontal Axis Wind Turbine 5.3. Vertical Axis Wind Turbine Chapter 6. Small Wind Market: Regional Estimates & Trend Analysis 6.1. Regional Movement Analysis & Market Share, 2016 & 2025 6.2. North America 6.3. Europe 6.4. Asia Pacific 6.5. South & Central America 6.6. Middle East & Africa Chapter 7. Competitive Landscape 7.1. Vendor Landscape 7.2. Competitive Environment 7.3. Company Market Positioning 7.4. Strategy Framework Chapter 8. Company Profiles 8.1. City Windmills 8.2. Bergey WindPower Co 8.3. Envergate Energy AG 8.4. Eocycle 8.5. Shanghai Ghrepower Green Energy Co., Ltd 8.6. Dibu Wind 8.7. Kingspan Environment 8.8. Kliux Energies 8.9. Superwind 8.10. Northern Power Systems Inc 8.11. Xzeres Wind Corporation
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