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

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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.

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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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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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