Global Small Wind Strategic Business Report 2023: Increasing Focus on Renewable Energy Production to Drive Market Growth


Dublin, May 10, 2023 (GLOBE NEWSWIRE) -- The "Small Wind: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Small Wind estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$2.3 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2022-2030.

Horizontal, one of the segments analyzed in the report, is projected to record 9.3% CAGR and reach US$1.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Vertical segment is readjusted to a revised 12.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $163.3 Million, While China is Forecast to Grow at 14% CAGR

The Small Wind market in the U.S. is estimated at US$163.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$776.5 Million by the year 2030 trailing a CAGR of 14% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 8.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

Select Competitors (Total 95 Featured) -

  • Aeolos Wind Energy Ltd.
  • Bergey Windpower Co.
  • City Windmills Limited
  • Eocycle Technologies Inc.
  • Kliux Energies
  • Northern Power Systems
  • Ryse Energy
  • SD Wind Energy Limited
  • Shanghai Ghrepower Green Energy Co., Ltd.
  • superwind GmbH
  • UNITRON Energy Systems Pvt. Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages472
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.1 Billion
Forecasted Market Value (USD) by 2030$2.3 Billion
Compound Annual Growth Rate9.7%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 through 2023
  • Energy Sector: COVID-19 Pandemic Brings Numerous Challenges to Small Wind Sector
  • Global Energy Market Growth Outlook (In %) for Years 2019 through 2025
  • Opportunities for the Power & Energy Sector in the Post-Pandemic Era
  • Impact of the Pandemic on Small Wind Market
  • Competitive Scenario
  • Small Wind - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
  • Global Market Prospects & Outlook
  • World Small Wind Market by Application (2021 & 2027): Percentage Breakdown of Sales for Commercial, Residential, and Utilities
  • Analysis by Axis Type
  • World Small Wind Market by Axis Type (2021 & 2027): Percentage Breakdown of Sales for Horizontal, and Vertical
  • Analysis by Installation Type
  • World Small Wind Market by Installation Type (2021 & 2027): Percentage Breakdown of Sales for Off-Grid, and On-Grid
  • Regional Analysis
  • World Small Wind Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Small Wind Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • Brief Overview of Select Regional Markets
  • An Introduction to Small Wind
  • Small Wind Turbines
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Small Wind Turbines: Real Blue-Sky Opportunity for Clean, Renewable Energy
  • Prominent Trends with Potential to Shape Wind Power Industry
  • Small Wind to Attain Next Level with Ongoing Technological Advances
  • Wind Energy to Get Turbocharged & Scale Greater Heights with Futuristic Innovations
  • Pandemic's Impact on Utilities Affects Demand for Small Wind
  • COVID-19 Impacts Electricity Consumption: Average Annual Growth Rate of Electricity Demand by Select Region/Country for 2001-06, 2006-10, 2011-15 and 2020
  • Power Grid Modernization Implies Upgrades in Policy Regimes & Infrastructure
  • Global Investments into Power T&D Infrastructure by Region (in %) for 2020 and 2040
  • Integrating Wind Energy in Power Grids to Meet Peak Demand
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Global Investments (US$ Billion) in Renewable Energy by Source: 2018
  • Increasing Focus on Renewable Energy Production to Drive Market Growth
  • Rising Investments in Expansion of Power Networks to Drive Growth
  • Electricity Demand Patterns to Drive Growth
  • Projected Global Demand for Electricity (MWh): 2015, 2025, & 2035
  • Change in Gross Electricity Demand in TWh for 2017-50
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • Rapid Urbanization: A Mega Growth Driver for Small Wind
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, and 2050
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050
  • World Population Urbanization Rate (%) by Region/Country: 2016 & 2040
  • Focus on Increasing Renewable Energy Contribution to Global Energy Mix Augurs Well for Small Wind Market
  • Global Energy Mix: 1990 Vs 2020 Vs 2030
  • Increased Opportunity for Energy-as-a-Service in Renewable Energy Space
  • Growing Trend Towards Green/LEED Buildings Offer Lucrative Opportunities for Small Wind
  • Distributed Generation Offers Opportunities for Small Wind Systems
  • World Distributed Generation Market by Geographic Region (2021 & 2027) - Annual Revenues in US$ Million for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa
  • Smart Cities & Smart Grids Elevate the Prospects for Small Wind
  • Global Smart Grid Market (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Global Market for Smart Grids (in US$ Billion) for the Years 2020
  • Power Outages & Its Impact on Digitalized Enterprises Spurs Establishment of Microgrids and Small Wind Systems
  • Average Number of Power Outages in Firms Per Month, Worldwide by Region: 2021
  • Cost of Load Failures Due to Power Disruptions/Outages in US$ Per Hour by Select Commercial Activity
  • Annual Value Lost Due to Electrical Outages as a Percentage (%) of Sales of Affected Firms
  • Small Wind Market: Challenges
  • Small Wind Turbines: Key Restraints

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/8rr06v

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Global Market for Small Wind

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