Small Wind Power Market Size, Analysis, Opportunities and Forecast Report 2017-2023
Market Highlights The Global Small Wind Power Market has perceived remarkable opportunities across the world, owing to increase in awareness among consumers about the use of renewable energy sources. Moreover, increase in demand for renewable sources for energy generation coupled with rapid industrialization boost the growth of the global small wind power market. It is expected that the market is going to witness a significant growth of the global small wind power market, due to rise in demand for energy and increase in concerns about the environmental impacts of power generation using fossil fuels. Also, the growing attention of government agencies through high investments to improve electricity generation by integrating renewable sources of energy, such as wind energy, has boosted the global small wind power market growth. Global Small Wind power Market is expected to reach USD 8,601.9 Million at a CAGR of 13.88% by 2023. Increasing consumer awareness towards the use of renewable energy sources has predominantly fostered the global Small Wind Power market growth generating the vast pool of market opportunities across the world. Additionally, augmented demand for renewable sources for energy generation coupled with the burgeoning industrialization fuels growth of the global Small Wind Power market. The Small Wind Power market is also fascinating the government bodies worldwide owing to the cost effective output; encouraging them to invest significantly to improve electricity generation by integrating renewable sources of energy, such as wind energy. Government offers funds and soft loans, for small private wind farms from 100KW to 500KW that have accelerated depreciation and power purchase scheme; this further boosts the global Small Wind Power market growth. Other factors that provide impetus to the Small Wind Power market growth include the rising demand for energy and increase in concerns about the environmental impacts of power generation using fossil fuels coupled with the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources. Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4568 Key Players The key players of global small wind power market are Northern Power Systems Inc. (U.S), Kingspan Group PLC (Ireland), Xzeres Wind Corporation (U.S), Wind Energy Solutions (Netherlands), Bergey Windpower Co. Inc. (U.S), Guangzhou HY Energy Technology Limited Corp. (China), Eocycle Technologies Inc. (Canada), Endurance Wind Power Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd. (China) and ZKEnergy Science & Technology Co., Ltd. (China).