Global Small Wind Market by Application (Off grid, On grid), by Axis Type (Vertical Axis, Horizontal Axis) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Industry Insights
In 2016, the small wind market was worth more than USD 530 millions. It is expected to grow at over 14% in 2025 due to the global energy crisis and depleting nonrenewable resources for electricity production. The market is expected to be driven by strict government regulations to limit the growth of the carbon footprint and financial benefits to increase adoption of renewable energy sources. Due to its low cost and availability of components, solar energy is seen as a threat to wind power. Business growth is expected to be driven by increased awareness in developed areas such as North America and Europe, as well as developing regions like Asia Pacific.
U.S. small-wind market revenue by axis type, 2014-2025 (USD Million).
Axis type and Application insights
The segment's leader is the horizontal axis wind turbines, HAWT. This is due to the fact that the design has been around for more than two centuries. HAWT was responsible for more than 95 MW of total volume in 2016. This segment is expected to grow strongly due to its ease of installation and availability of components. The affordable pricing and numerous environmental benefits of vertical axis windturbines (VAWT), are expected to drive exponential growth in the forecast period.
2016: Global small wind market revenue by application (%)
Due to government initiatives to improve grid connectivity in small wind sectors, the on-grid segment will reach USD 190 millions by 2025. Regulators will offer numerous economic and financial benefits, including Production Tax Credits (Impact Tax Credits) and Feed in Tariffs. This will increase the market for small wind growth during the forecast period.
The off-grid segment, which was valued at USD 35 million in 2016, saw a steady growth rate. This is due to the introduction of new technologies into the business to modernize existing equipment. Old turbines will ensure that the off-grid segment remains dominant.
Regional insights
Europe was the world's leader in small wind markets, accounting for 42%. The largest share of Europe's small wind market was held by Germany and the United Kingdom. This is largely due to the large-scale funding that both countries have received. Many manufacturers have established regional offices in these countries, as well as production facilities, to capitalize the current boom in this industry and leverage their position to become market leaders.
The North American market for small wind in 2016 was second in both revenue and volume. The market has been slowing due to concerns about market saturation by 2025. A 2015 Department of Energy report on Wind Energy found that 80% of small-sized wind turbines made in the country are being exported.
The Asia Pacific small wind market was worth more than USD 90 million in 2016. It is expected to record the highest gain during the forecast period. Due to rapid depleting resources, the region faces a major energy crisis that will only get worse. The future of the energy industry is in this critical situation. Affordable renewable energy sources are considered to be the best option. Asia Pacific will be the second largest market in the forecast period.
Competitive insights
Envergate, Kingspan Wind and Kliux Energies are key players in the small-wind market. This market is fragmented and includes many international and local companies.
Small wind producers are looking for innovative products that offer competitive prices and reliable grid connectivity to increase their market share. Companies have invested large amounts in research and development of new, more efficient and sleeker wind turbines to increase their clientele.
Report Scope
Attribute |
More Details |
Estimation base year |
2016 |
Historical / Actual data |
2014 & 2015. |
Forecast period |
2017 - 2025 |
Representation of the market |
Volume in Megawatts, revenue in USD Millions and CAGR between 2017-2025 |
Regional scope |
North America, Europe and Asia Pacific, South & Central America, Middle East & Africa, Asia Pacific, South & Central America. |
Country coverage |
U.S., Canada, UK, Germany, Italy, China, India, Japan, South Korea, Brazil |
Report coverage |
Volume forecast, revenue forecast. Competitive landscape. Growth factors and trends. |
15% off customization scope (equivalent of 5 analyst working days). |
We will customize the report to provide you with specific market information that is not included in the current report. |
The report covers segments
This report forecasts revenue growth at the global, regional and country levels. It also provides analysis of the most recent trends and opportunities in each sub-segment from 2014 through 2025. Up Market Research segmented the small-wind market based on product and region.
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Application Outlook (Volume of Megawatts, 2014-2025) (Revenue USD Million, 2014-2025)
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On-Grid
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Off-Grid
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Axis Type Outlook (Volume Megawatts, 2014-2025) (Revenue, USD million, 2014-2025)
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Horizontal Axis Wind Turbines
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Vertical Axis Wind Turbines
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Regional Outlook (Volume Megawatts, 2014-2025) (Revenue USD Million, 2014-2025)
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North America
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The U.S.
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Canada
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Europe
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The U.K.
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Germany
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Italy
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Asia Pacific
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China
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India
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Japan
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South Korea
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South & Central America
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Brazil
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- Middle East and Africa
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Up Market Research published a new report titled “Small Wind Market research report which is segmented by Application (Off grid, On grid), by Axis Type (Vertical Axis, Horizontal Axis), By Players/Companies Kliux Energies, Xzeres Wind Corporation among others The market is highly fragmented with numerous local and international companies, Envergate, Bergey Windpower Co, Northern Power Systems, Shanghai Ghrepower Green Energy, Superwind, Eocycle Technologies, Kingspan Wind”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Small Wind Market Research Report |
By Application | Off grid, On grid |
By Axis Type | Vertical Axis, Horizontal Axis |
By Companies | Kliux Energies, Xzeres Wind Corporation among others The market is highly fragmented with numerous local and international companies, Envergate, Bergey Windpower Co, Northern Power Systems, Shanghai Ghrepower Green Energy, Superwind, Eocycle Technologies, Kingspan Wind |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 213 |
Number of Tables & Figures | 150 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Small Wind Market Report Segments:
The market is segmented by Application (Off grid, On grid), by Axis Type (Vertical Axis, Horizontal Axis).
Small Wind Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Small Wind Market
Overview of the regional outlook of the Small Wind Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Small Wind Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Small Wind Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Off grid
2. On grid
7. By Axis Type:1. Vertical Axis
2. Horizontal Axis
- 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 Wind 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 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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Reasons to Purchase the Small Wind Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Small Wind Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Small Wind Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Small Wind Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Small Wind Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Small Wind Market Size & Forecast, 2018-2028
4.5.1 Small Wind Market Size and Y-o-Y Growth
4.5.2 Small Wind Market Absolute $ Opportunity
Chapter 5 Global Small Wind Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Small Wind Market Size Forecast by Application
5.2.1 Off grid
5.2.2 On grid
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Small Wind Market Analysis and Forecast by Axis Type
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Axis Type
6.1.2 Basis Point Share (BPS) Analysis by Axis Type
6.1.3 Absolute $ Opportunity Assessment by Axis Type
6.2 Small Wind Market Size Forecast by Axis Type
6.2.1 Vertical Axis
6.2.2 Horizontal Axis
6.3 Market Attractiveness Analysis by Axis Type
Chapter 7 Global Small Wind Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Small Wind Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Small Wind Analysis and Forecast
9.1 Introduction
9.2 North America Small Wind Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Small Wind Market Size Forecast by Application
9.6.1 Off grid
9.6.2 On grid
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
9.10 North America Small Wind Market Size Forecast by Axis Type
9.10.1 Vertical Axis
9.10.2 Horizontal Axis
9.11 Basis Point Share (BPS) Analysis by Axis Type
9.12 Absolute $ Opportunity Assessment by Axis Type
9.13 Market Attractiveness Analysis by Axis Type
Chapter 10 Europe Small Wind Analysis and Forecast
10.1 Introduction
10.2 Europe Small Wind Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Small Wind Market Size Forecast by Application
10.6.1 Off grid
10.6.2 On grid
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
10.10 Europe Small Wind Market Size Forecast by Axis Type
10.10.1 Vertical Axis
10.10.2 Horizontal Axis
10.11 Basis Point Share (BPS) Analysis by Axis Type
10.12 Absolute $ Opportunity Assessment by Axis Type
10.13 Market Attractiveness Analysis by Axis Type
Chapter 11 Asia Pacific Small Wind Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Small Wind Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Small Wind Market Size Forecast by Application
11.6.1 Off grid
11.6.2 On grid
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
11.10 Asia Pacific Small Wind Market Size Forecast by Axis Type
11.10.1 Vertical Axis
11.10.2 Horizontal Axis
11.11 Basis Point Share (BPS) Analysis by Axis Type
11.12 Absolute $ Opportunity Assessment by Axis Type
11.13 Market Attractiveness Analysis by Axis Type
Chapter 12 Latin America Small Wind Analysis and Forecast
12.1 Introduction
12.2 Latin America Small Wind Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Small Wind Market Size Forecast by Application
12.6.1 Off grid
12.6.2 On grid
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
12.10 Latin America Small Wind Market Size Forecast by Axis Type
12.10.1 Vertical Axis
12.10.2 Horizontal Axis
12.11 Basis Point Share (BPS) Analysis by Axis Type
12.12 Absolute $ Opportunity Assessment by Axis Type
12.13 Market Attractiveness Analysis by Axis Type
Chapter 13 Middle East & Africa (MEA) Small Wind Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Small Wind Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Small Wind Market Size Forecast by Application
13.6.1 Off grid
13.6.2 On grid
13.7 Basis Point Share (BPS) Analysis by Application
13.8 Absolute $ Opportunity Assessment by Application
13.9 Market Attractiveness Analysis by Application
13.10 Middle East & Africa (MEA) Small Wind Market Size Forecast by Axis Type
13.10.1 Vertical Axis
13.10.2 Horizontal Axis
13.11 Basis Point Share (BPS) Analysis by Axis Type
13.12 Absolute $ Opportunity Assessment by Axis Type
13.13 Market Attractiveness Analysis by Axis Type
Chapter 14 Competition Landscape
14.1 Small Wind Market: Competitive Dashboard
14.2 Global Small Wind Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kliux Energies
14.3.2 Xzeres Wind Corporation among others The market is highly fragmented with numerous local and international companies
14.3.3 Envergate
14.3.4 Bergey Windpower Co
14.3.5 Northern Power Systems
14.3.6 Shanghai Ghrepower Green Energy
14.3.7 Superwind
14.3.8 Eocycle Technologies
14.3.9 Kingspan Wind