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

Research and Markets
·6-min read
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Global Market for Small Wind

Global Market for Small Wind
Global Market for Small Wind

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 Attribute

Details

No. of Pages

472

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$1.1 Billion

Forecasted Market Value (USD) by 2030

$2.3 Billion

Compound Annual Growth Rate

9.7%

Regions Covered

Global

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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