Small Wind Market Share by Manufacturers, Trends and Distributor Analysis to 2025
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<strong>Small</strong> <strong>Wind</strong> <strong>Market</strong> <strong>Share</strong> <strong>by</strong> <strong>Manufacturers</strong>, <strong>Trends</strong> <strong>and</strong><br />
<strong>Distribu<strong>to</strong>r</strong> <strong>Analysis</strong> <strong>to</strong> <strong>2025</strong><br />
“<strong>Small</strong> wind turbines find regular use in developed <strong>and</strong><br />
developing economies <strong>and</strong> are basically used in rural areas across<br />
the domestic <strong>and</strong> international market. <strong>Small</strong> wind turbines are<br />
specifically used <strong>to</strong> power business institutions, schools, colleges,<br />
farms, <strong>and</strong> various other entities.”<br />
The global <strong>Small</strong> <strong>Wind</strong> <strong>Market</strong> is expected <strong>to</strong> cross USD 1.79 billion <strong>by</strong> <strong>2025</strong>. <strong>Small</strong> wind turbines find regular<br />
use in developed <strong>and</strong> developing economies <strong>and</strong> are basically used in rural areas across the domestic <strong>and</strong><br />
international market. <strong>Small</strong> wind turbines are specifically used <strong>to</strong> power business institutions, schools, colleges,<br />
farms, <strong>and</strong> various other entities.<br />
Overall, the small wind turbines are developed <strong>to</strong> cater <strong>to</strong> domestic <strong>and</strong> international market. Currently, the<br />
market trends incorporate energy needs <strong>to</strong> be driven <strong>by</strong> rural <strong>to</strong> urban migration, rise in per capita income,<br />
manufacture of energy based products, <strong>and</strong> worldwide growth in energy services.<br />
<strong>Small</strong> <strong>Wind</strong> industry is driven <strong>by</strong> fac<strong>to</strong>rs such as rise in consciousness about renewable energy coupled with<br />
government regulation due <strong>to</strong> increasing carbon footprint <strong>and</strong> rise in global population. Surge in energy crisis,<br />
increase in fuel costs, <strong>and</strong> high dependence on non-renewable energy sources is likely <strong>to</strong> create favorable<br />
market conditions for small wind market in the near future.<br />
“Mode of Installation” segment for small wind industry comprises on-grid <strong>and</strong> off-grid. Off-grid applications are<br />
expected <strong>to</strong> account for a significant growth during the forecast period due <strong>to</strong> rise in dem<strong>and</strong> for off-grid<br />
application from the medium <strong>and</strong> large enterprises. Application segment consists of small-scale industries,<br />
domestic <strong>and</strong> commercial. <strong>Small</strong>-scale <strong>and</strong> commercial industries are likely <strong>to</strong> gain a significant CAGR in the<br />
forecast period owing <strong>to</strong> wide availability <strong>and</strong> affordability.<br />
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Type segmentation for small wind market is inclusive of horizontal axis wind turbine <strong>and</strong> vertical axis wind<br />
turbine. Vertical axis wind turbine is expected <strong>to</strong> account for a significant growth during the forecast period due<br />
<strong>to</strong> preference of installation. Geographical segmentation for small wind industry includes North America, Latin<br />
America, Europe, Asia-Pacific, Middle East <strong>and</strong> Africa. Asia-Pacific market is expected <strong>to</strong> gain a significant CAGR<br />
in the forecast period due <strong>to</strong> increase in support <strong>by</strong> government for installation of wind turbines, rise in<br />
investment for wind energy projects <strong>and</strong> lowing of taxes <strong>to</strong> encourage the use of wind turbines at large.<br />
North American market is likely <strong>to</strong> gain a positive traction in the forthcoming period due <strong>to</strong> rise in environmental<br />
awareness <strong>and</strong> stringent rules <strong>by</strong> government over usage of resources. Middle East <strong>and</strong> African countries have<br />
already taken positive initiatives <strong>to</strong>wards this concern <strong>and</strong> is likely <strong>to</strong> create a remarkable CAGR in the following<br />
years. The key players in the small wind market include Bergey Power Systems Inc, Bergey <strong>Wind</strong> Power Co,<br />
Kingspan Group Plc, Endurance <strong>Wind</strong> Power Plc, ZKEnergy Technology Co Ltd., <strong>and</strong> Xzeres <strong>Wind</strong> Corporation.<br />
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<strong>Market</strong> Segment:<br />
Application Outlook (Volume, Megawatts, 2014 - <strong>2025</strong>) (Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• On Grid<br />
• Off Grid<br />
Regional Outlook (Volume, Megawatts, 2014 - <strong>2025</strong>) (Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• UK<br />
• Germany<br />
• Italy<br />
• Asia Pacific
• China<br />
• India<br />
• Japan<br />
• South Korea<br />
• South & Central America<br />
• Brazil<br />
• Middle East <strong>and</strong> Africa<br />
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https://www.millioninsights.com/industry/renewable-energy<br />
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