Small Wind Turbine Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, Spain - Size and Forecast 2024-2028

Small Wind Turbine Market Size 2024-2028

The small wind turbine market size is forecast to increase by USD 755.65 million and is estimated to grow at a CAGR of 9.06% between 2023 and 2028. Market Growth drivers are pushing the Wind Energy Industry forward, particularly with Residential Wind Turbines gaining traction. Vertical Axis Turbines offer economical, practical, and quiet energy solutions for homes, complemented by their scalability and safety. Concurrently, Off-grid Power systems see rising interest, driven by technological advancements and clean energy solutions like hybrid street lighting. This trend aligns with rural electrification initiatives and energy Independence goals.

The synergy of Wind Resource Assessment and Solarwind Hybrid Systems enhances energy efficiency and fosters green energy adoption. Such developments shape the wind power market forecast positively, emphasizing sustainability and innovation.

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Market Largest-Growing Segments 

By Type Analysis

The horizontal axis segment is estimated to witness significant growth during the forecast period. This segment is mainly utilized for commercial applications. In addition, the major components of this type of small turbine system include rotors, gearboxes, generators, anemometers, yaw motors, foundations, and control systems. Furthermore, horizontal-axis turbines are pointed in the right direction of the wind to achieve maximum efficiency. 

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Moreover, turbines that are positioned away from the wind are known as downwind turbines and need to be pushed into an accurate orientation. In addition, the turbines that face the wind are known as upwind turbines. Furthermore, the major advantages of horizontal axis turbines are high generating capacity, variable pitch blade capacity, improved efficiency, and tall towers that capture a large amount of energy. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Market Regional Analysis

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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC comprises several developing economies that are racing toward industrialization and urbanization. In addition, countries such as China and India hold a major share when it comes to the global economy. Moreover, with the rise in environmental awareness along with governmental support, the region is able to explore renewable sources of energy such as solar and windpower. For instance, in India,  the government announced in the year 2021 that the share of renewable energy in the country was 26.53% of the total installed generation capacity in the year 2020. Furthermore, the government has launched various schemes, such as the small hydropower program. Hence, such factors drive the market growth in APAC during the forecast period.

Market Dynamics and Customer Landscape

In the Small Wind-Turbine Market, micro wind-turbines are driving market growth. These turbines contribute to distributed wind energy and Sustainable Energy initiatives, particularly in Remote Area Power Supply scenarios.

However, challenges persist in meeting Regulatory Standards and ensuring quality assurance while maintaining price competitiveness and brand recognition. The market sees a surge in Turbine Design innovations and Research and Development efforts to optimize turbine efficiency and turbine performance. Addressing concerns about Environmental Impact, turbine maintenance, and turbine Installation remains critical for sustaining the Small Turbine Industry amid rising demand for wind power generation and off-grid power generation solutions.

Key Market Driver

Market research and growth indicate a rising interest in small-scale wind farms, driven by the advantages of Vertical-axis Wind Turbines (VAWT). These turbines, favored for their efficiency and quiet operation, are increasingly popular in residential settings. Unlike their horizontal counterparts, VAWTs boast fewer components and enhanced safety, making them a preferred choice for homeowners aiming for distributed energy generation.

Additionally, their scalability ensures maintained efficiency even in smaller installations. Although not as ubiquitous as horizontal turbines, VAWTs are gaining traction in the wind-energy market, backed by turbine manufacturers investing in small turbine technology and improving turbine components like blades for optimal wind energy harvesting. Such developments fuel market forecasting for the foreseeable future.

Significant Market Trends

A key factor shaping the market growth is the adoption of hybrid street lighting systems. Streetlight is offered by power authorities, and a large amount of money is spent on lighting up streets in public places. In addition, it ensures visibility during the night. As a result, it has led to an increase in the energy bills of local municipalities.

Moreover, to harness power, renewable resources such as fossil fuel or other sources, which are used in generators or inventors, are used, which ensure stable, consistent, and reliable power. In addition, solarwind hybrid light can be used to generate electricity. Furthermore, the combination of these turbine and solar-energy used in a streetlight is a system used to generate power, which jointly charges the LED streetlamp with the right power supply. Hence, such factors are driving the market growth during the forecast period.

Major Market Challenges

Competition from alternative sources of energy poses a significant challenge to the wind energy systems market. Despite turbine installations being cheaper than solar PV systems, fierce competition exists from fossil fuels, solar, and hydropower in emerging markets like Chile and Mexico. Even in naturally windy regions like Argentina, the declining prices of solar PV systems intensify the competition.

Wind Farm Equipment and Small Wind Power Systems face economic pressure as they vie against lower-cost electricity sources. This dynamic landscape impedes turbine capacity growth and hampers the market's progress, projecting a challenging forecast period for the wind energy industry.

Market Dynamics and Customer Landscape

The market analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Market Analyst Overview

The Small Wind Turbine market, Micro Wind Turbines stand as pioneers, heralding a shift towards distributed wind energy solutions. These turbines epitomize the essence of renewable energy, embodying the promise of Clean Energy Solutions and Sustainable Energy practices. With a focus on Wind Power Generation, they empower Off-grid Power Systems and cater to the rising demand for residential wind turbines. Embraced by Small-scale Wind Farms, these turbines redefine Turbine Design, optimizing efficiency and performance.

In the pursuit of sustainability, the Small Wind Turbine market champions innovation and adaptation. It seeks to harness the untapped potential of wind energy, propelling the transition towards a greener future. As communities strive for energy independence, these turbines emerge as beacons of hope, offering reliable power solutions in remote areas. With each turbine installation, the landscape of energy generation evolves, promising a brighter tomorrow powered by the winds of change.

The Small Wind Turbine Market is witnessing significant growth driven by global environmental concerns and the push towards renewable resources. Wind turbines, equipped with blades, rotors, and generators, play a pivotal role in generating electrical energy, particularly in remote locations, islands, and areas traditionally reliant on oil-fired generation. Residents and small businesses benefit from technological advancements that have reduced wind turbine manufacturing costs. Both Vertical Axis Wind Turbines (VAWT) and Horizontal Axis Wind Turbines (HAWT) are popular installation types, catering to on-grid and off-grid electricity services. Government initiatives promoting grid connectivity and renewable energy investments are further propelling the small wind power industry. Innovations like bladeless wind turbines and building-integrated wind turbines are emerging, complementing rooftop solar photovoltaic (PV) systems. Despite competition from large-scale wind turbines and solar panels affecting wind turbine prices, decentralized electricity generation and distributed generation through rooftop solar PV and small wind turbines are gaining traction, making renewable resources more accessible and energy-efficient.

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ArborWind: The company offers products such as ArborWind PT180, which is a vertical axis wind-turbine that uses proprietary technology.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including

• Aelius Turbina
• Aeolos WindEnergy Ltd.
• ArborWind
• BP Plc
• Chava WindLLC
• City Windmills Ltd.
• EOCYCLE
• GRESA GROUP Co.
• Hi VAWT Technology Corp.
• Kingspan Group Plc
• Kliux Energies International Inc.
• Leviathan Energy LLC
• Northern Power Systems Srl
• Oy Windside Production Ltd.
• SD WindEnergy Ltd.
• Shanghai Ghrepower Green Energy Co. Ltd
• Superwind GmbH
• TUGE Energia
• V Air WindTechnologies
• Vaata Smart Pvt. Ltd.
• Viking-Wind

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Type Outlook 
  • Horizontal Axis
  • Vertical Axis
• Installation Sites Outlook 
  • Onshore
  • Offshore
• Geography Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Scope
Report Coverage	Details
Page number	157
Base year	2023
Historic period	2018 - 2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 9.06%
Market growth 2024-2028	USD 755.65 million
Market structure	Fragmented
YoY growth 2023-2024(%)	8.45
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 45%
Key countries	US, China, Japan, Germany, and Spain
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Aelius Turbina, Aeolos WindEnergy Ltd., ArborWind, BP Plc, Chava WindLLC, City Windmills Ltd., EOCYCLE, GRESA GROUP Co., Hi VAWT Technology Corp., Kingspan Group Plc, Kliux Energies International Inc., Leviathan Energy LLC, Northern Power Systems Srl, Oy Windside Production Ltd., SD WindEnergy Ltd., Shanghai Ghrepower Green Energy Co. Ltd, Superwind GmbH, TUGE Energia, V Air WindTechnologies, Vaata Smart Pvt. Ltd., and VikingWind
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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