NEW YORK, Oct. 20, 2022 /PRNewswire/ -- The global small wind turbine market size is set to grow by 1821.02 MW from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 13.85% during the forecast period. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Get a comprehensive report summary that describes the market size and forecast along
with research methodology. The FREE sample report is available in PDF format
Major Small Wind Turbine Companies and their Offerings
ArborWind LLC, Aelius Turbina LLP, Aeolos Wind Energy Ltd., Beijing Urban Green Energy Co. Ltd., BP Plc, City Windmills Ltd., Kingspan Group Plc, Leviathan Energy LLC, Oy Windside Production Ltd., Shanghai Ghrepower Green Energy Co. Ltd, TUGE, Viking Wind, Chava Wind LLC, Eocycle Technologies Inc, Kliux Energies International Inc., Hi VAWT Technology Corp., Superwind GmbH, Vaata Smart Pvt. Ltd., among others, are the major players in the market. The key offerings of some of these vendors are listed below:
- ArborWind LLC - The company offers small wind turbines such as vertical axis and horizontal axis turbines.
- Aeolos Wind Energy Ltd. - The company offers small wind turbines such as Aeolos V and Aeolos H.
- BP Plc - The company offers small wind turbines for residential purposes.
- City Windmills Ltd. - The company offers small wind turbines such as 25KW small wind VAWT.
- Kingspan Group Plc - The company offers small wind turbines such as city windmill CW500, CW1000, and CW2000.
Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed
annually at USD 5000
Key Market Drivers
The increasing investments in renewable energy are driving the small wind turbine market's growth. Investments in renewable energy have increased in various countries such as India, China, and Japan. For instance, in September 2022, the State Investment Promotion Board (SIPB) of Andhra Pradesh announced investment opportunities for various companies to increase green energy. Greenko got the SIPB's approval for an investment of USD 246 billion in renewable energy (RE) projects with a total capacity of 4,230 MW. Thus, the rising investments will fuel market growth in the near future.
Technavio has identified key trends, drivers, and challenges in the market, which will
help vendors improve their strategies to stay ahead of their competitors. Buy Now to
gain access to this information
Small Wind Turbine Market Type Outlook (Revenue, USD MW, 2021-2026)
- Horizontal axis - size and forecast 2021-2026
- Vertical axis - size and forecast 2021-2026
Small Wind Turbine Market Geography Outlook (Revenue, USD MW, 2021-2026)
- APAC - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- North America - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- Middle East and Africa - size and forecast 2021-2026
Learn about the contribution of each segment summarized in concise infographics and
thorough descriptions. View a FREE PDF Sample Report
Revenue-generating Type Segment
The horizontal axis segment will be the largest contributor to market growth during the forecast period. The horizontal axis wind turbines have various advantages such as high generating capacity, variable pitch blade capacity, and improved efficiency. The growth of this segment is attributed to factors such as increasing energy security needs.
Related Reports
Wind Turbine Tower Market by Application and Geography - Forecast and Analysis 2022-2026: This report extensively covers wind turbine tower market segmentation by application (onshore and offshore) and geography (APAC, North America, Europe, Middle East and Africa, and South America). 36% of the market's growth will originate from APAC during the forecast period. The market share growth in the onshore segment will be significant.
Global Wind Power Systems Market Research Report, Size, Growth, Trends, Opportunity Analysis, Industry Forecast - 2022-2026: This report extensively covers the global wind power systems market segmentation by technology (wind turbine, T&D, and others) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). 61% of the market's growth will originate from APAC during the forecast period. The market share growth in the wind turbine segment will be significant.
Small Wind Turbine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.85% |
Market growth 2022-2026 |
1821.02 MW |
Market structure |
Fragmented |
YoY growth (%) |
13.55 |
Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key consumer countries |
US, China, India, Germany, and Spain |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Key companies profiled |
ArborWind LLC, Aelius Turbina LLP, Aeolos Wind Energy Ltd., Beijing Urban Green Energy Co. Ltd., BP Plc, City Windmills Ltd., Kingspan Group Plc, Leviathan Energy LLC, Oy Windside Production Ltd., Shanghai Ghrepower Green Energy Co. Ltd, TUGE, Viking Wind, Chava Wind LLC, Eocycle Technologies Inc, Kliux Energies International Inc., Hi VAWT Technology Corp., Superwind GmbH, and Vaata Smart Pvt. Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse Utilities Market Reports
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (MW)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (MW)
- Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Horizontal axis - Market size and forecast 2021-2026
- Exhibit 28: Chart on Horizontal axis - Market size and forecast 2021-2026 (MW)
- Exhibit 29: Data Table on Horizontal axis - Market size and forecast 2021-2026 (MW)
- Exhibit 30: Chart on Horizontal axis - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Horizontal axis - Year-over-year growth 2021-2026 (%)
- 5.4 Vertical axis - Market size and forecast 2021-2026
- Exhibit 32: Chart on Vertical axis - Market size and forecast 2021-2026 (MW)
- Exhibit 33: Data Table on Vertical axis - Market size and forecast 2021-2026 (MW)
- Exhibit 34: Chart on Vertical axis - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Vertical axis - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type (MW)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 (MW)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 (MW)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 (MW)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 (MW)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (MW)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (MW)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 (MW)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 (MW)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (MW)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (MW)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 (MW)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 (MW)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 (MW)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 (MW)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 (MW)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 (MW)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 (MW)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 (MW)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Spain - Market size and forecast 2021-2026
- Exhibit 78: Chart on Spain - Market size and forecast 2021-2026 (MW)
- Exhibit 79: Data Table on Spain - Market size and forecast 2021-2026 (MW)
- Exhibit 80: Chart on Spain - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Spain - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography (MW)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 ArborWind LLC
- Exhibit 89: ArborWind LLC - Overview
- Exhibit 90: ArborWind LLC - Product / Service
- Exhibit 91: ArborWind LLC - Key offerings
- 10.4 Aeolos Wind Energy Ltd.
- Exhibit 92: Aeolos Wind Energy Ltd. - Overview
- Exhibit 93: Aeolos Wind Energy Ltd. - Product / Service
- Exhibit 94: Aeolos Wind Energy Ltd. - Key offerings
- 10.5 BP Plc
- Exhibit 95: BP Plc - Overview
- Exhibit 96: BP Plc - Business segments
- Exhibit 97: BP Plc - Key offerings
- Exhibit 98: BP Plc - Segment focus
- 10.6 Chava Wind LLC
- Exhibit 99: Chava Wind LLC - Overview
- Exhibit 100: Chava Wind LLC - Product / Service
- Exhibit 101: Chava Wind LLC - Key offerings
- 10.7 City Windmills Ltd.
- Exhibit 102: City Windmills Ltd. - Overview
- Exhibit 103: City Windmills Ltd. - Product / Service
- Exhibit 104: City Windmills Ltd. - Key offerings
- 10.8 Eocycle Technologies Inc
- Exhibit 105: Eocycle Technologies Inc - Overview
- Exhibit 106: Eocycle Technologies Inc - Product / Service
- Exhibit 107: Eocycle Technologies Inc - Key offerings
- 10.9 Hi VAWT Technology Corp.
- Exhibit 108: Hi VAWT Technology Corp. - Overview
- Exhibit 109: Hi VAWT Technology Corp. - Product / Service
- Exhibit 110: Hi VAWT Technology Corp. - Key offerings
- 10.10 Kingspan Group Plc
- Exhibit 111: Kingspan Group Plc - Overview
- Exhibit 112: Kingspan Group Plc - Business segments
- Exhibit 113: Kingspan Group Plc - Key news
- Exhibit 114: Kingspan Group Plc - Key offerings
- Exhibit 115: Kingspan Group Plc - Segment focus
- 10.11 Oy Windside Production Ltd.
- Exhibit 116: Oy Windside Production Ltd. - Overview
- Exhibit 117: Oy Windside Production Ltd. - Product / Service
- Exhibit 118: Oy Windside Production Ltd. - Key offerings
- 10.12 Shanghai Ghrepower Green Energy Co. Ltd
- Exhibit 119: Shanghai Ghrepower Green Energy Co. Ltd - Overview
- Exhibit 120: Shanghai Ghrepower Green Energy Co. Ltd - Product / Service
- Exhibit 121: Shanghai Ghrepower Green Energy Co. Ltd - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 122: Inclusions checklist
- Exhibit 123: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 124: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 125: Research methodology
- Exhibit 126: Validation techniques employed for market sizing
- Exhibit 127: Information sources
- 11.5 List of abbreviations
- Exhibit 128: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article