Small Wind Global Market Report 2025

Description

Small wind refers to wind turbines with lower capacity, designed to generate electricity for individual homes, farms, or small businesses rather than large-scale power generation. It offers a renewable and cost-effective electricity solution, reducing dependence on the grid and lowering energy costs.

The main types of small wind turbines are horizontal axis wind turbines (HAWTs) and vertical axis wind turbines (VAWTs). HAWTs have blades that rotate around a horizontal axis, resembling the traditional wind turbines found on large wind farms. Small wind turbines can be installed in off-grid or on-grid systems and are used for various applications including commercial, residential, and utility settings.

The small wind market research report is one of a series of new reports from The Business Research Company that provides small wind market statistics, including small wind industry global market size, regional shares, competitors with a small wind market share, detailed small wind market segments, market trends, and opportunities, and any further data you may need to thrive in the small wind industry. This small market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The small wind market size has grown rapidly in recent years. It will grow from $1.3 billion in 2024 to $1.44 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to declining turbine costs, government incentives, rising energy demand, increasing environmental awareness, off-grid electrification needs, and the push for renewable energy integration.

The small wind market size is expected to see rapid growth in the next few years. It will grow to $2.16 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to growing grid connectivity, enhanced efficiency of vertical axis turbines, expanding renewable energy policies, increasing urban energy independence, rising adoption of smart grid technologies, and ongoing climate change mitigation efforts. Major trends in the forecast period include technological innovations in turbine design, advances in blade design, materials, and control systems, integration of wind-solar hybrid systems, innovations in hybrid wind-solar setups, and product innovations.

The growing demand for electricity is expected to drive the expansion of the small wind market. Electricity, which is the flow of electric charge through conductors, powers various devices and machines. The rising electricity demand is driven by factors such as population growth, industrial expansion, and the increasing use of technology and electric vehicles. Small wind turbines provide a sustainable and cost-effective solution for electricity generation, particularly in areas with favorable wind conditions. They contribute to reducing carbon emissions and mitigating the environmental impact of traditional energy sources. For example, a July 2024 report from the International Energy Agency (IEA), a France-based intergovernmental organization, forecasts a 4% increase in global electricity demand for 2024, up from 2.5% in 2023. Additionally, the proportion of renewable electricity is expected to grow from 30% of global supply in 2023 to 35% by 2025. This rising electricity demand is anticipated to boost the small wind market.

Key players in the small wind market are advancing micro-wind turbines that use Aeroleaf Hybrid technology to improve energy efficiency and capture wind energy in low-speed conditions. This technology combines vertical axis wind turbines (VAWTs) with aerodynamic enhancements for greater efficiency. For example, in January 2024, New World Wind, a France-based energy provider, introduced the "WindTree," a tree-shaped turbine featuring micro-wind turbines equipped with Aeroleaf Hybrid technology. The WindTree, which can vary in height from 5 to 33 feet (1.5 to 10 meters), follows a self-consumption model that integrates directly with a building's existing electrical system.

In July 2023, Ryse Energy, a UK-based renewable energy company, acquired Primus Wind Power for an undisclosed amount. This acquisition aims to expand Ryse Energy's portfolio of small wind solutions and strengthen its presence in the residential and off-grid markets. Primus Wind Power, a US-based manufacturer, specializes in small wind turbines for residential and off-grid use.

Major companies operating in the small wind market are SMA Solar Technology AG, Suzlon Energy Ltd., AeroVironment Inc., China Ming Yang Wind Power Group, Inox Wind Limited, Bramble Energy, Eocycle Technologies Inc., Intertek Group PLC, Halo Energy LLC, Kestrel Renewable Energy, Marlec Engineering Co. Ltd., Leviathan Energy LLC, Foshan Ouyad Electronic Co. Ltd., Aeronautica Windpower LLC, Pacific Sky Power, Leosphere, Ryse Energy, Fortis Wind Energy, HY Energy Co. Ltd., Dong Energy, New Dawn Energy

Europe was the largest region in the small wind market in 2023. The regions covered in the small wind market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the small wind market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The small wind market consists of sales of mounting and installation kits, wind turbine blades, wind turbine towers, inverters and controllers, and battery storage systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Small Wind Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on small wind market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for small wind ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The small wind market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Horizontal Axis Wind Turbine; Vertical Axis Wind Turbine
2) By Installation: Off-Grid; On-Grid
3) By Application: Commercial; Residential; Utilities
Subsegments:
1) By Horizontal Axis Wind Turbine: Upwind Horizontal Axis Wind Turbines; Downwind Horizontal Axis Wind Turbines; Grid-Connected Horizontal Axis Wind Turbines; Off-Grid Horizontal Axis Wind Turbines
2) By Vertical Axis Wind Turbine: Darrieus Vertical Axis Wind Turbines; Savonius Vertical Axis Wind Turbines; Hybrid Vertical Axis Wind Turbines; Small-Scale Vertical Axis Wind Turbines
Companies Mentioned: SMA Solar Technology AG; Suzlon Energy Ltd.; AeroVironment Inc.; China Ming Yang Wind Power Group; Inox Wind Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r33567

1. Executive Summary

2. Small Wind Market Characteristics

3. Small Wind Market Trends And Strategies

4. Small Wind Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global Small Wind Growth Analysis And Strategic Analysis Framework

5.1. Global Small Wind PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Small Wind Market Growth Rate Analysis
5.4. Global Small Wind Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Small Wind Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Small Wind Total Addressable Market (TAM)

6. Small Wind Market Segmentation

6.1. Global Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Horizontal Axis Wind Turbine
Vertical Axis Wind Turbine
6.2. Global Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Off-Grid
On-Grid
6.3. Global Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Commercial
Residential
Utilities
6.4. Global Small Wind Market, Sub-Segmentation Of Horizontal Axis Wind Turbine, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Upwind Horizontal Axis Wind Turbines
Downwind Horizontal Axis Wind Turbines
Grid-Connected Horizontal Axis Wind Turbines
Off-Grid Horizontal Axis Wind Turbines
6.5. Global Small Wind Market, Sub-Segmentation Of Vertical Axis Wind Turbine, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Darrieus Vertical Axis Wind Turbines
Savonius Vertical Axis Wind Turbines
Hybrid Vertical Axis Wind Turbines
Small-Scale Vertical Axis Wind Turbines

7. Small Wind Market Regional And Country Analysis

7.1. Global Small Wind Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Small Wind Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Small Wind Market

8.1. Asia-Pacific Small Wind Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Small Wind Market

9.1. China Small Wind Market Overview
9.2. China Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Small Wind Market

10.1. India Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Small Wind Market

11.1. Japan Small Wind Market Overview
11.2. Japan Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Small Wind Market

12.1. Australia Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Small Wind Market

13.1. Indonesia Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Small Wind Market

14.1. South Korea Small Wind Market Overview
14.2. South Korea Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Small Wind Market

15.1. Western Europe Small Wind Market Overview
15.2. Western Europe Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Small Wind Market

16.1. UK Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Small Wind Market

17.1. Germany Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Small Wind Market

18.1. France Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Small Wind Market

19.1. Italy Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Small Wind Market

20.1. Spain Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Small Wind Market

21.1. Eastern Europe Small Wind Market Overview
21.2. Eastern Europe Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Small Wind Market

22.1. Russia Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Small Wind Market

23.1. North America Small Wind Market Overview
23.2. North America Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Small Wind Market

24.1. USA Small Wind Market Overview
24.2. USA Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Small Wind Market

25.1. Canada Small Wind Market Overview
25.2. Canada Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Small Wind Market

26.1. South America Small Wind Market Overview
26.2. South America Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Small Wind Market

27.1. Brazil Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Small Wind Market

28.1. Middle East Small Wind Market Overview
28.2. Middle East Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Small Wind Market

29.1. Africa Small Wind Market Overview
29.2. Africa Small Wind Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Small Wind Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Small Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Small Wind Market Competitive Landscape And Company Profiles

30.1. Small Wind Market Competitive Landscape
30.2. Small Wind Market Company Profiles
- 30.2.1. SMA Solar Technology AG Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Suzlon Energy Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. AeroVironment Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. China Ming Yang Wind Power Group Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Inox Wind Limited Overview, Products and Services, Strategy and Financial Analysis

31. Small Wind Market Other Major And Innovative Companies

31.1. Bramble Energy
31.2. Eocycle Technologies Inc.
31.3. Intertek Group PLC
31.4. Halo Energy LLC
31.5. Kestrel Renewable Energy
31.6. Marlec Engineering Co. Ltd.
31.7. Leviathan Energy LLC
31.8. Foshan Ouyad Electronic Co. Ltd.
31.9. Aeronautica Windpower LLC
31.10. Pacific Sky Power
31.11. Leosphere
31.12. Ryse Energy
31.13. Fortis Wind Energy
31.14. HY Energy Co. Ltd.
31.15. Dong Energy

32. Global Small Wind Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Small Wind Market

34. Recent Developments In The Small Wind Market

35. Small Wind Market High Potential Countries, Segments and Strategies

35.1 Small Wind Market In 2029 - Countries Offering Most New Opportunities
35.2 Small Wind Market In 2029 - Segments Offering Most New Opportunities
35.3 Small Wind Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer
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