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