Small Wind Turbine Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 1.29 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Small Wind Turbine Market Analysis
The small wind turbine market size is expected to grow from USD 297.20 million by next year to USD 316.87 million by the next five years, at a CAGR of 1.29% during the forecast period.
- Over the medium term, lower environmental impact due to the smaller size and land footprint and lower CAPEX and OPEX requirements are also expected to drive the market's growth.
- On the other hand, competition from alternative distributed generation sources such as rooftop solar photovoltaic (PV) may negatively impact the market's growth and is one of the major restraints for the market.
- Nevertheless, commercialization of building-integrated wind turbines and the development of bladeless wind turbines are expected to provide growth opportunities in the forecast period.
- The Asia-Pacific region dominates the market and will likely witness the highest CAGR during the forecast period. The growth is mainly driven by the existing framework of policies supporting the adoption of small scale wind power developments.
Small Wind Turbine Market Trends
The Horizontal Axis Wind Turbine Segment is Expected to Dominate the Market
- A majority of small wind turbines manufactured today are horizontal-axis, upwind machines that have two or three blades, usually made of composite materials such as fiberglass.
- A horizontal axis wind turbine (HAWT) has its main rotor shaft and electrical generator at the top of the tower, and a simple wind vane is used to point the turbine toward or away from the prevailing wind.
- Small wind turbines consist primarily of horizontal axis wind turbines that have been in production for over three decades, whereas most small vertical axis wind turbines (VAWTs) have been produced within the last decade. Due to the technological and economic advantages associated with the small HWAT, it receives considerable attention. In addition to low-cost wind energy generation, small horizontal axis wind turbines can be maintained easily and without a skilled workforce.
- Furthermore, there are two types of small HAWTs. The first is a typical three-bladed design, while the second is an aerodynamically complex, shrouded type. Both types have a similar rate power of approximately three kW.
- Among the advantages of small HAWTs is their tall tower bases, which allow them to gain greater access to wind at sites with wind shear (where variations in wind velocity occur at right angles to the wind direction and tend to exert a turning force). As a result of stronger wind access, power generation is likely to increase. This is likely to result in moderate deployment of these units during the forecast period.
- Small wind turbines are used throughout the developing and developed nations across the region and are used mainly in rural or remote settings. As per the historical data by the US Department of Energy in their Distributed Wind Market Report: 2022 Edition, the growth in the SWT market is restricted to countries like the United Kingdom, Denmark, Italy, and Germany.
- Furher, according to United States Department of Energy, the number of small wind turbine in united states reached 1,745 units in 2022.
- Therefore, owing to the above points, the horizontal axis wind turbine segment is expected to dominate the market during the forecast period.
Asia-Pacific is Expected to Dominate the Market
- Asia-Pacific dominated the wind power generation market in 2022 and is expected to continue its dominance in the coming years. The region holds vast potential for expanding the small wind turbine market, notably in the form of off-grid and residential-scale small wind turbines.
- Small wind turbines can run at wind speeds as low as two metres per second. They can be connected to the grid or be stand-alone systems and can also be hybridised with solar. They can be mounted on rooftops as well.
- Going ahead, China holds the largest wind power generation capacity globally, with 365.96 GW of installed capacity as of 2022. Also, the country installed 60 MW of small wind turbines in 2022, reaching a cumulative installed capacity of 704.32 MW. The country first introduced FiT from onshore wind in 2009; it currently offers FiT for small wind turbines ranging from USD 13.4-20.1 ct/kWh.
- Chinese small wind turbine application is shifting from rural electrification oriented to city streets illumination and telecom stand-alone power systems. It is developing rapidly in these new application fields.
- On the other hand, India holds the fourth-largest wind power installed capacity in the world. The country's wind power installed capacity stood at 41.9 GW as of 2022. As far as SWTs are concerned, almost all the systems installed in India today are off grid or stand alone. The state of Maharashtra has the majority of the SWT installations in the country. The otherwise 'windy' states like Tamil Nadu and Gujarat fair poorly in the SWT installations.
- Therefore, owing to the above points, Asia-Pacific is expected to dominate the small wind turbine market during the forecast period.
Small Wind Turbine Industry Overview
The small wind turbine market is moderately fragmented. Some of the major players in the market (not in particular order) include Northern Power Systems Inc., Bergey Wind Power Co., SD Wind Energy, Aeolos Wind Energy Ltd, and Ryse Energy., among others.
Small Wind Turbine Market Leaders
Bergey Windpower Co.
SD Wind Energy
Aeolos Wind Energy Ltd.
Ryse Energy
Northern Power Systems Inc.
*Disclaimer: Major Players sorted in no particular order
Small Wind Turbine Market News
- In April 2022, BRAUN Windturbinen GmbH, a german small wind turbine manufacturer supplied Antaris small wind turbine with a 4.5 kW capacity installed by Umstro. As the wind turbine is installed on a 7.0 m tilt mast, it is a procedure-free project in Northrhine-Westphalia, Germany.
- In January 2022, Enerlice, a french company launched a brand new SANYA R street light from V-AIR, a street light equipped with a small wind turbine and solar PV, where the sales are available from mid-2022. This system is designed to produce electricity in any climate because of its high-efficiency photovoltaic panel and its electrostatic storage system. The wind turbine operates at 1.5 m/s and the photovoltaic panel is highly efficient.
Small Wind Turbine Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Investment Opportunities
4.6 Market Dynamics
4.6.1 Drivers
4.6.1.1 Growing Adoption of Small Wind Turbines for Businesses, Communities and Homes
4.6.1.2 Lower CAPEX and OPEX Requirements
4.6.2 Restraints
4.6.2.1 Competition from Alternative Distributed Generation Source
4.7 Supply Chain Analysis
4.8 Porter's Five Forces Analysis
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Consumers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitute Products and Services
4.8.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Axis Type
5.1.1 Horizontal Axis Wind Turbine
5.1.2 Vertical Axis Wind Turbine
5.2 Application
5.2.1 On-grid
5.2.2 Off-grid
5.3 Geography
5.3.1 North America
5.3.1.1 United States of America
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 United Arab Emirates
5.3.5.3 South Africa
5.3.5.4 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Aeolos Wind Energy Ltd
6.3.2 Bergey Wind Power Co.
6.3.3 City Windmills Holdings PLC
6.3.4 Wind Energy Solutions
6.3.5 SD Wind Energy Limited
6.3.6 UNITRON Energy Systems Pvt. Ltd
6.3.7 Northern Power Systems Inc.
6.3.8 Shanghai Ghrepower Green Energy Co. Ltd
6.3.9 TUGE Energia OU
6.3.10 Ryse Energy
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Commercialization of Building-Integrated Wind Turbines and Development of Bladeless Wind Turbines
Small Wind Turbine Industry Segmentation
Small wind turbines are low-cost, low-maintenance, and dependable alternative energy generators which can be installed in a short time and require less space. The market size under the report considers the annual sales of wind turbines below 100 kW (in nominal, or nameplate, capacity) globally.
The small wind turbine market is segmented by axis type, application, and geography. By axis type, the market is segmented into horizontal axis wind turbine and vertical axis wind turbine. By application, the market is segmented into on-grid and off-grid. The report also covers the market size and forecasts for the small wind turbine market across major regions such as North America, Europe, Asia-Pacific, South America and Middle-East & Africa. For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Axis Type | |
| Horizontal Axis Wind Turbine | |
| Vertical Axis Wind Turbine |
| Application | |
| On-grid | |
| Off-grid |
| Geography | |||||||
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Small Wind Turbine Market Research FAQs
What is the current Small Wind Turbine Market size?
The Small Wind Turbine Market is projected to register a CAGR of 1.29% during the forecast period (2024-2029)
Who are the key players in Small Wind Turbine Market?
Bergey Windpower Co., SD Wind Energy, Aeolos Wind Energy Ltd., Ryse Energy and Northern Power Systems Inc. are the major companies operating in the Small Wind Turbine Market.
Which is the fastest growing region in Small Wind Turbine Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Small Wind Turbine Market?
In 2024, the Asia-Pacific accounts for the largest market share in Small Wind Turbine Market.
What years does this Small Wind Turbine Market cover?
The report covers the Small Wind Turbine Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Small Wind Turbine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Small Wind Turbine Industry Report
Statistics for the 2024 Small Wind Turbine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Small Wind Turbine analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
