Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Small Wind Power Market Research Report: Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary According to the recent study conducted by Market Research Future (MRFR), the global small wind power market is poised to grow at CAGR of 13.88% during the forecast period (2017-2023) and surpass a valuation of USD 8,600 Mn. Small wind turbines are increasingly used for powering off-grid or remote applications such as home, refuges, farms etc. A tremendous emphasis is being placed on shifting to renewable energy sourced, which reflecting favourably in the global small wind power market. Governments around the world are implementing policies that allows a smoother transition form fossil fuel to renewable energy. This is mainly owing to the growing concerns over CO2 emission and environmental depletion form extensive fossil fuel mining. The aforementioned factors are propelling the global small wind power market. Enhancements noticed in the technological and economic potential of the small wind power market are contributing to an increase in the entry of competitors who are aiming to transform the market considerably. The accelerated innovation pace considerably bolsters the market in the market with regards to the product offering. The rising emphasis on the microgeneration of energy is expected to create profitable avenues for the development of small wind power market in the forecast period. As a part of the transition from fossil fuels to clean energy sources, the demand for small wind power market is rising at a substantial rate. The growth of the market stems particularly from the strict adherence to carbon emission reduction goals which has been undertaken by government authorities. Currently, the market is expected to gain significant growth from power remote or off-grid applications which will provide an increased boost for the market development in the forecast period.
Competitive Landscape The significant companies in the small wind power market are Bergey Wind Power Co. Inc. (U.S.), Kingspan Group Plc. (Ireland), Shanghai Ghrepower Green Energy Co., Ltd (China), Eocycle Technologies Inc. (Canada), Guangzhou HY Energy Technology Co., Ltd (China), Ennera Energy and Mobility, S.L. (Spain), Aeolos Wind Energy Ltd (U.K.), XZERES Wind Corporation (U.S.), Northern Power Systems Corp. (U.S.), Endurance Wind Power Inc. (Canada), and City Windmills Holdings PLC (U.K.).
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation
An in-depth segmental analysis of the market based on grid connectivity and axis is available in MRFR’s report On the basis of grid connectivity, the market has been segmented into off-grid and on-grid. In 2016, the off-grid segment commanded for the majority share of the market and surpassed a valuation of USD 2,200 Mn. The segment is expected to exhibit a CAGR of 14.06% during the assessment period. Whereas, the on-grid segment was valued at USD 1,260.5 Mn in 2016 and in anticipated to expected at 13.57% CAGR during the forecast period. On the basis of axis, the market has been segmented into vertical axis and horizontal axis. In 2016, the horizontal axis segment commanded 65.07% market share and stood at a valuation of USD 2,267.9 Mn. During the forecast period, the segment is expected to exhibit a healthy CAGR of 13.03%. The vertical axis was valued at USD 1,217.5 Mn in 2016 and is expected to surge at a CAGR of 15.37% during the assessment period.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis The regional analysis of the small wind power market observes that the European region is expected to be responsible for the largest market share. The small wind power growth is part of a broader change from fossil fuels to renewable energy, throughout the European Union. The European governments and the EU, as a whole, have reinforced small wind projects with promising enticements as part of their carbon emission saving objectives. The Americas region is the next principal market chiefly due to the high demand for on-grid application of small wind power, mostly in advanced nations such as the U.S. The U.S. is the chief market for small wind power in the Americas region. The economic and technological potential for renewable energy to deliver a rising share of clean, secure energy for the North American region over the coming decades, which is very large. The Asia Pacific region is also another chief market for small wind power. There is also a growing demand observed for energy due to the rising population and increasing electricity demand in the region as these rapidly growing economies are also the top polluters in the world. At present, China has a major number of small wind project projects under the planning and construction phase, which is trailed by Japan.
Industry Updates: Tech giant Amazon reportedly found renewed interest in the renewables industry. The company has announced that it will purchase power from three future wind projects, which are to be set up in Europe and the U.S.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.