6 March 2019 - Global Small Wind Turbines Market is anticipated to witness an exponential growth in the forecast period. Small wind turbines are connected to the grid through the power suppliers or they can stand alone (off-grid). The factors that propel the growth of the market include growing investments in renewable energy, cost efficiency of the wind energy, and the technical innovations and presence of key end users.

On the other hand, there is a factor that may hamper the growth of the market including the decreasing cost of solar PV modules. Market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Market could be explored by product type, power rating, application, end user and geography. Market by product type could span Vertical-Axis Wind Turbine and Horizontal-Axis Wind Turbine. The “Horizontal-Axis Wind Turbine” sector led the small wind turbines market in 2016 and will continue to lead in the forecast period. The key factors that could be attributed to the growth include the benefits offers such as variable pitch blade capacity, high producing capacity, improved effectiveness, and tall towers that capture a huge amount of wind energy.

Based on power rating, the market could be categorized into up to 50 kW and 51-100 kW capacity range. The “51-100 kW” segment led the market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing demand for affordable and clean energy across the globe.

Small wind turbines market could be explored by application as On-Grid and Off-Grid. The “Off-Grid” segment led the market in 2017 and will continue to lead in the forecast period. An off-grid solution is a system that works individually and is not connected to the electricity distribution system. It also termed as “Stand-alone Systems”. Off-Grid segment is followed by On-Grid and is anticipated to grow high in the years to come. Market could be explored based on the end user as Hospital, Municipal and Government and Airport.

APAC accounted for the major share of the small wind turbines market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing preference towards the acceptance of small wind turbines for generation of electricity and occurrence of offshore and onshore counties with good wind speeds for installations of small wind turbines in this region.

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Leading players of Small Wind Turbines including:

Northern Power Systems
Primus Wind Power
Ghrepower
Ningbo WinPower
Bergey wind power
ZK Energy
Polaris America
Ogin, Inc.
Renewtech
Montanari Energy
Turbina Energy AG
Oulu
Eocycle
HY Energy
S&W Energy Systems
Kliux Energies
Market split by Type, can be divided into:

Horizontal axis wind turbine
Vertical axis wind turbine
Market split by Application, can be divided into:

On-Grid
Off-Grid
Market split by Sales Channel, can be divided into:

Direct Channel
Distribution Channel
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