Small Wind Turbine Market Report
Small Wind Turbine Market by Type (Horizontal Axis Wind Turbine, Vertical Axis Wind Turbine), by Application (On-Grid, Off-Grid), by Geography (Asia-Pacific, North America, Europe) – Global Trends and Forecast to 2026
The increasing demand for renewable sources for energy generation and rapid industrialization has played a huge part in providing the necessary boost to the global small wind market. The market for global small wind has also expanded owing to the increasing energy demand and growing concerns over environmental impacts of power generation through fossil fuel.
The market is segmented on the basis of type, application, and region in terms of value. The market segments by type include horizontal axis wind turbine and vertical axis wind turbine. The market segments for application include on-grid and off-grid. The regional segmentation includes market values for Asia-Pacific, North America, and Europe.
This report provides a comprehensive analysis of key companies and the developments recorded in the industry during the past five years. In addition, market drivers, restraints, opportunities, and challenges have also been discussed in detail. Leading players of the market, such as
• Northern Power Systems Inc. (U.S.)
• Bergey Wind Power Co. (U.S.)
• Kingspan Group Plc. (Netherlands)
• Shanghai Ghrepower Green Energy Co. Ltd. (China)
• Endurance Wind Power Inc. (Canada)
• ZKEnergy Technology Co. Ltd. (China)
• Xzeres Wind Corp. (U.K.)
• City Windmills
• Dibu Wind
• Kliux Energies
have been profiled to provide an insight into the competitive scenario of the market.
New product development has been the key strategy adopted by leading companies to accommodate the fast changing technologies in the application areas and to increase their market share. The leading small wind turbine manufacturers also aim at locating their facilities closer to target markets in order to reduce transportation costs and meet regulatory conditions. These strategies have been adopted by leading companies to ensure retention of considerable share of this market.
The market was dominated by North America. Strong growth has been projected for the small wind market in the next five to seven years, as demand for small wind turbines continues to rise in the wake of escalated use of renewable energy.
Scope of the Report
This research study categorises the global small wind market based on type, application, and region:
Based on Type:
Horizontal Axis Wind Turbine
Vertical Axis Wind Turbine
Based on Application:
Based on Region:
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The global small wind market is signifying a steady increase in the demand for small wind power. The market is expected to grow as a result of the increasing demand for electricity worldwide. This increasing demand is attributed to the growing industrialisation and increasingly deeper penetration of electricity in unconnected areas. Increasing concerns regarding the adverse environmental effects, price volatilities, and economic costs brought about by the usage of fossil fuels has compelled nations into adopting renewable sources for electricity generation over the past decade.
There’s a lot of potential e.g. in the use of wind power turbines which are small, most efficient and providing the set-up for commercial, industrial and private applications. Most important, the turbine system is also affordable for private consumers. Small wind turbines fill a gap in ‘innovative energy generation’. These turbines maintain application abilities beyond limitations and expectations. The on-grid segment is projected to grow fast. The key players of small wind market implement different strategies such as expansions, agreements, contracts, joint ventures, and partnerships to garner a larger share in the market. The small wind market players are focusing on countries with emerging markets that are estimated to show potential for industrial development in the near future.
The market for small wind is a highly fragmented one owing to the huge clean energy demand and changing technologies. Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for small wind power in key emerging markets. These strategies have aided companies to create a large customer and partner base in key markets.
The application requirements for small wind power and as well as the operating conditions are continuously changing making it essential for the manufacturers and service providers to continually invest in research and development activities and come up with innovative solutions.
Distributed Energy Resource Management System Market by Technology (Solar PV, Wind, Energy Storage, CHP), by Software (Analytics, Management & Control, VPP), by End-User (Government & Municipalities, Industrial, Commercial), and by Region – Global Forecast to 2026
The global distributed energy resource management system market was valued at USD 261.7 Million in 2016, expected to grow at a CAGR* of 15.70% from 2017 to 2022. Increasing share of renewable power generation in energy generation mix, reduced costs of wind power, photovoltaic system and battery storage, and shift from centralised to de-centralised power generation are major drivers that would trigger the distributed energy resource management system market.
*CAGR takes the initial investment value and projects an ending investment value while assuming compound growth over a set period of time.
Objectives of the Study
To define, describe, and forecast the global distributed energy resource management system market by technology, end-user, software, and region
To provide detailed information about major factors influencing the growth of the distributed energy resource management system market (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze the distributed energy resource management system market with respect to individual growth trends, future prospects, and contribution of each segment to the market
To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the distributed energy resource management system market
Primary sources are mainly industry experts from core and related industries, service providers, technology developers, standard and certification organisations of companies, and organisations related to all segments of this industry’s value chain. The points given below explain the research methodology.
Study of the annual revenue and market developments of major players providing distributed energy resource management system
Analysis of major end-users and demand for distributed energy resource management system from power operators
Assessment of future trends and growth of distributed energy resource management system
Assessment of the distributed energy resource management system market with respect to the demand for each type of distributed energy resource management system used for different applications
Analysis of market trends in various regions or countries by studying the applications of distributed energy resource management system in various end-users
Study of contracts and developments related to distributed energy resource management system by key players across different regions
Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing distributed energy resource management system across the globe
The target audience of this report includes:
Demand Response Aggregators
Distributed Energy Generation Solution Providers
Distribution Grid Operators
Energy Storage Device/Equipment Manufacturers and Integrators
Investors and Financial Community Professionals
Market Research and Consulting Firms
Micro grid Developers
Renewable Power Generation and Equipment Manufacturing Companies
State and National Regulatory Authorities
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