Market Overview:
The global small and medium wind turbine market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and government initiatives promoting the use of renewable energy sources. Based on type, the small and medium wind turbine market is segmented into 1.5kW-15kW, 16kW-50kW, 51 kW-100 kW, 101 kW-500 kW segments. Among these segments, 1.5 kw-15 kw segment is expected to witness highest growth rate during the forecast period owing to its low installation cost as compared to other segments in this category. On basis of application, residential sector is anticipated to hold dominant position in global small and medium wind turbine market throughout forecast period followed by commercial sector due high electricity demand from these sectors respectively .
Product Definition:
Small and medium wind turbines are typically defined as turbines with rated capacities of 100 kW or less. They are used to supply power to isolated loads, such as homes, farms, and small businesses.
1.5kW to 15kW:
1.5kW to 15kW is a range of power turbine sizes that are used for small and medium wind turbines. The 1.5-15 kW power range is most commonly found on offshore wind farms, as the capacity ranges from about 500 kW to 10 MW+.
16kW to 50kW:
The 16-50 kW power range is mainly used for small and medium wind turbines. The market size of these products is expected to grow at a significant rate over the forecast period owing to the increasing need for renewable energy in countries, such as India, China, Germany and Italy.
These countries have set targets for generating electricity from non-conventional sources which include wind and solar energy. These factors are anticipated to drive product demand over the next seven years.
Application Insights:
The commercial application segment dominated the global small and medium wind turbine market, accounting for over 71% of the total revenue share in 2017. The segment is expected to witness significant growth in the coming years owing to increasing government support for developing renewable sources of energy. In addition, growing concerns regarding rising electricity costs along with a push toward green energy are expected to drive demand over the forecast period.
The telecom application segment accounted for nearly 20% of total revenue share in 2017 on account of growing need for clean and renewable sources of power supply across telecom companies globally. Furthermore, deployment or expansion projects by telecommunication companies such as Google Inc., Facebook, Microsoft Corporation., AT&T Inc., China Mobile Ltd., Telefonica SA de CV among others are likely to contribute significantly toward industry growth over the forecast period (2018-2030).
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 30% of the global revenue share. The region is anticipated to dominate the industry over the forecast period owing to supportive government policies, growing wind power capacity, and increasing renewable energy targets. In 2016, Germany emerged as a leader in small wind turbine manufacturing with a production capacity of more than 200 thousand units per year.
Asia Pacific is projected to be one of the fastest-growing markets at an estimated CAGR exceeding 6% from 2018 to 2030 owing to rapidly expanding renewable energy sector coupled with supportive government initiatives for promoting clean energy generation sources such as small wind turbines. China has set up several national targets related to GWPs that are expected drive demand over next few years. For instance, by 2020 GWPs are required generate 10% of electricity consumption annually through GWPs while by 2030 they must account for 20%.
Growth Factors:
- Increasing demand for renewable energy: The global increase in awareness about the benefits of renewable energy is driving the growth of the small and medium wind turbine market.
- Government initiatives and subsidies: Governments are promoting the use of small and medium wind turbines through various incentives, which is aiding in the growth of this market.
- Declining prices of solar photovoltaic systems: Solar photovoltaic systems are becoming more affordable, which is resulting in an increased demand for these systems, thereby impacting the growth prospects of small and medium wind turbines positively.
- Technological advancements: Ongoing technological advancements are making small and medium wind turbines more efficient, thus propelling their uptake across different regions globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Small and Medium Wind Turbine Market Research Report
By Type
1.5kW to 15kW, 16kW to 50kW, 51kW to 100kW, 101kW to 500kW
By Application
Residential, Small Business, Telecom, Schools, Commercial, Agricultural, Others
By Companies
Bergey Wind Power, Gaia-Wind, XZERES Wind Corp., Northern Power Systems, Ghrepower, Tozzi Nord Srl, Primus Wind Power, Ningbo WinPower, ENESSERE SRL, Oulu, Eocycle, S&W Energy Systems, HY Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Small and Medium Wind Turbine Market Report Segments:
The global Small and Medium Wind Turbine market is segmented on the basis of:
Types
1.5kW to 15kW, 16kW to 50kW, 51kW to 100kW, 101kW to 500kW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Small Business, Telecom, Schools, Commercial, Agricultural, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bergey Wind Power
- Gaia-Wind
- XZERES Wind Corp.
- Northern Power Systems
- Ghrepower
- Tozzi Nord Srl
- Primus Wind Power
- Ningbo WinPower
- ENESSERE SRL
- Oulu
- Eocycle
- S&W Energy Systems
- HY Energy
Highlights of The Small and Medium Wind Turbine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1.5kW to 15kW
- 16kW to 50kW
- 51kW to 100kW
- 101kW to 500kW
- By Application:
- Residential
- Small Business
- Telecom
- Schools
- Commercial
- Agricultural
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Small and Medium Wind Turbine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Small wind turbines are typically between 1 and 100 kW in size, while medium wind turbines range from 1 to 500 kW.
Some of the major companies in the small and medium wind turbine market are Bergey Wind Power, Gaia-Wind, XZERES Wind Corp., Northern Power Systems, Ghrepower, Tozzi Nord Srl, Primus Wind Power, Ningbo WinPower, ENESSERE SRL, Oulu, Eocycle, S&W Energy Systems, HY Energy.
The small and medium wind turbine market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Small and Medium Wind Turbine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Small and Medium Wind Turbine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Small and Medium Wind Turbine Market - Supply Chain
4.5. Global Small and Medium Wind Turbine Market Forecast
4.5.1. Small and Medium Wind Turbine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Small and Medium Wind Turbine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Small and Medium Wind Turbine Market Absolute $ Opportunity
5. Global Small and Medium Wind Turbine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Small and Medium Wind Turbine Market Size and Volume Forecast by Type
5.3.1. 1.5kW to 15kW
5.3.2. 16kW to 50kW
5.3.3. 51kW to 100kW
5.3.4. 101kW to 500kW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Small and Medium Wind Turbine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Small and Medium Wind Turbine Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Small Business
6.3.3. Telecom
6.3.4. Schools
6.3.5. Commercial
6.3.6. Agricultural
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Small and Medium Wind Turbine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Small and Medium Wind Turbine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Small and Medium Wind Turbine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Small and Medium Wind Turbine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Small and Medium Wind Turbine Demand Share Forecast, 2019-2026
9. North America Small and Medium Wind Turbine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Small and Medium Wind Turbine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Small and Medium Wind Turbine Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Small Business
9.4.3. Telecom
9.4.4. Schools
9.4.5. Commercial
9.4.6. Agricultural
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Small and Medium Wind Turbine Market Size and Volume Forecast by Type
9.7.1. 1.5kW to 15kW
9.7.2. 16kW to 50kW
9.7.3. 51kW to 100kW
9.7.4. 101kW to 500kW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Small and Medium Wind Turbine Demand Share Forecast, 2019-2026
10. Latin America Small and Medium Wind Turbine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Small and Medium Wind Turbine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Small and Medium Wind Turbine Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Small Business
10.4.3. Telecom
10.4.4. Schools
10.4.5. Commercial
10.4.6. Agricultural
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Small and Medium Wind Turbine Market Size and Volume Forecast by Type
10.7.1. 1.5kW to 15kW
10.7.2. 16kW to 50kW
10.7.3. 51kW to 100kW
10.7.4. 101kW to 500kW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Small and Medium Wind Turbine Demand Share Forecast, 2019-2026
11. Europe Small and Medium Wind Turbine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Small and Medium Wind Turbine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Small and Medium Wind Turbine Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Small Business
11.4.3. Telecom
11.4.4. Schools
11.4.5. Commercial
11.4.6. Agricultural
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Small and Medium Wind Turbine Market Size and Volume Forecast by Type
11.7.1. 1.5kW to 15kW
11.7.2. 16kW to 50kW
11.7.3. 51kW to 100kW
11.7.4. 101kW to 500kW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Small and Medium Wind Turbine Demand Share, 2019-2026
12. Asia Pacific Small and Medium Wind Turbine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Small and Medium Wind Turbine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Small and Medium Wind Turbine Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Small Business
12.4.3. Telecom
12.4.4. Schools
12.4.5. Commercial
12.4.6. Agricultural
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Small and Medium Wind Turbine Market Size and Volume Forecast by Type
12.7.1. 1.5kW to 15kW
12.7.2. 16kW to 50kW
12.7.3. 51kW to 100kW
12.7.4. 101kW to 500kW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Small and Medium Wind Turbine Demand Share, 2019-2026
13. Middle East & Africa Small and Medium Wind Turbine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Small and Medium Wind Turbine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Small and Medium Wind Turbine Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Small Business
13.4.3. Telecom
13.4.4. Schools
13.4.5. Commercial
13.4.6. Agricultural
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Small and Medium Wind Turbine Market Size and Volume Forecast by Type
13.7.1. 1.5kW to 15kW
13.7.2. 16kW to 50kW
13.7.3. 51kW to 100kW
13.7.4. 101kW to 500kW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Small and Medium Wind Turbine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Small and Medium Wind Turbine Market: Market Share Analysis
14.2. Small and Medium Wind Turbine Distributors and Customers
14.3. Small and Medium Wind Turbine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bergey Wind Power
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gaia-Wind
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. XZERES Wind Corp.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Northern Power Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ghrepower
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tozzi Nord Srl
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Primus Wind Power
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ningbo WinPower
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ENESSERE SRL
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oulu
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Eocycle
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. S&W Energy Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HY Energy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
