Small Wind Market to Surpass a Valuation of US$ 2,661.2 Mn by 2032 Owing to the Vertical Axis Wind Turbines: ChemView Consulting

Small Wind Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Small Wind Market grew at a CAGR of 9.5% between 2017-2021 and is estimated to be US$ 872.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 11.8% and is expected to reach a valuation of US$ 2,661.2 Mn by 2032 end.

A small wind electric system is one of the most affordable home-based renewable energy systems with no emissions or pollution. Additionally, according to the U.S. Department of Energy, small wind electric systems can reduce electricity rates by 50% to 90% and assist avoid the expensive expenditures of extending utility power lines to a hidden area.

Additionally, it supports an uninterruptible power supply during protracted electricity disruptions. Several other uses for small wind electric systems exist, such as water pumping on farms and ranches.

ChemView Consulting has analyzed that the demand for tiny wind energy has increased globally in recent years. Small wind energy installations in rural homes, rising sustainable energy production investments, and supportive government programs and policies are all attributed to the market’s success.

The vertical axis wind turbines segment dominated the global small wind power market share by type in 2021. It is anticipated that it will continue to develop at the quickest rate throughout the forecast year. Its high-efficiency component explains this.

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Segments Covered in Report

By Type:

  • Horizontal Axis Wind Turbine
  • Vertical Axis Wind Turbine

By Installation Type:

  • On-Grid
  • Off-Grid

By Application:

  • Residential
  • Commercial
  • Utility

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Small Wind Market

  • Based on the type, the Vertical Axis Wind Turbines segment dominated the Global Small Wind Power Market Share by Type in 2021. It is anticipated that it will continue to develop at the quickest rate throughout the forecast year. Its high-efficiency component explains this.
  • Based on the installation type, Vertical Axis Wind Turbines dominated the Global Small Wind Power Market Share by Type in 2021. This segment is projected to continue to grow fastest throughout the forecast year. Its high-efficiency component explains this.
  • With a market share of 38.9% and over 42% of the small wind market, Europe has emerged as the world’s market leader. Germany and the U.K. held the largest proportion in Europe, essentially controlling the industry due to both nations’ significant financing.

Competition Summary

Key companies covered in the market study are Aeolos Wind Energy, Bergey Wind Power Co, City Windmills, Eocycle Technologies Inc., Northern Power Systems, Ryse Energy, SD Wind Energy Limited, Shanghai Ghrepower Green Energy Co. Ltd, UNITRON Energy Systems Pvt. Ltd, Wind Energy Solutions

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impact market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
  • In-house primary research team
  • The in-house data visualization team
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