Global Small Wind Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - May 2019 | Category - Energy and Power | No. of Pages - 146 | Published By - EMR


The Global Small Wind Market is expected to grow significantly from USD 379.9 million in 2017, to USD 910 million in 2024, at a Flourish CAGR of 12.5% from 2018 to 2024.

The horizontal axis turbine segment holds the major share of the global Small wind market in 2017, and the trend is expected to continue over the forecast period. This can be attributed to the relatively higher efficiency of the horizontal axis turbine, as the rotor blades are perpendicular to the wind. Horizontal axis turbines are readily adopted in regions with steady winds.

Asia-Pacific held the largest share in the global small winds market in 2017. The growth in the region is attributed to energy shortage and rapidly evolving industrialization accompanied by the move towards green initiative by nations in this region. High cost of electricity and adoption of green initiative by the developed countries is projected to spur the growth in this region during the forecast period.

Global Small Wind Market Major Key Players:
City Windmills
Envergate Energy AG
Eocycle
Shanghai Ghrepower Green Energy Co., Ltd
Kingspan Group
Superwind
Northern Power Systems
Zkenergy Technology Co., Ltd.
Xzeres Wind Corp
Kliux Energies
Others


 

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