PUBLISHER: The Business Research Company | PRODUCT CODE: 1713666
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713666
Small wind power involves using small-scale wind turbines to generate electricity for residential, commercial, or remote applications, either connected to the grid or operating independently. This approach offers benefits such as reduced energy costs, zero emissions, and the capability to provide electricity in remote or off-grid locations.
The main types of small wind power systems are horizontal axis wind turbines (HAWTs) and vertical axis wind turbines (VAWTs). Horizontal axis wind turbines are the most common type and are available in various capacities, including up to 1 kilowatt (kW), 1 kW to 10 kW, and 10 kW to 100 kW. They can be installed as either on-grid or off-grid systems and are used for a range of applications, including residential, commercial, and utility settings.
The small wind power market research report is one of a series of new reports from The Business Research Company that provides small wind power market statistics, including small wind power industry global market size, regional shares, competitors with a small wind power market share, detailed small wind power market segments, market trends, and opportunities, and any further data you may need to thrive in the small wind power industry. This small wind power 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 power market size has grown rapidly in recent years. It will grow from $8.88 billion in 2024 to $9.85 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to depletion of non-renewable resources, increasing environmental concerns, government incentives and policies, rising electricity costs, and demand for off-grid energy solutions in remote areas.
The small wind power market size is expected to see rapid growth in the next few years. It will grow to $14.78 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to the growing adoption of renewable energy, increasing investment in sustainable infrastructure, rising consumer demand for energy independence, expanding government support for clean energy, and the push for carbon neutrality goals. Major trends in the forecast period include the integration of smart solutions, technological advancements, cost-effective renewable energy solutions, innovations in vertical axis wind turbines, and product innovations.
The increasing adoption of renewable energy sources is expected to drive the growth of the small wind power market in the coming years. Renewable energy sources, such as solar energy, wind, and hydropower, are naturally replenished and offer environmental benefits, decreasing costs, and a growing need for sustainable energy solutions. Small wind power plays a key role in creating a diversified and resilient renewable energy landscape, contributing to the global transition towards more sustainable energy. For example, in March 2024, according to reports by the European Environment Agency, a Denmark-based government organization, the share of renewable energy in the European Union (EU) increased from 21.9% in 2021 to 23% in 2022. Additionally, final renewable consumption saw modest growth, increasing by 5 million metric tons of oil equivalent (Mtoe) between 2021 and 2022. Therefore, the rising adoption of renewable energy sources is expected to boost the small wind power market.
Key companies in the small wind power market are focusing on the development of smart solutions, such as active anti-typhoon technology, to improve the reliability, efficiency, and resilience of wind turbines in challenging weather conditions. Active anti-typhoon technology involves advanced systems that enhance the ability of wind turbines to withstand and operate safely during extreme weather events such as typhoons. For instance, in January 2024, Mingyang Smart Energy, a China-based wind turbine manufacturer, introduced the MySE 18.X-20 MW wind turbine. Designed for high-wind regions, this turbine features a modular, lightweight design and incorporates advanced anti-typhoon technology. It is capable of generating 80 million kWh annually, powering 96,000 homes and reducing carbon emissions by 66,000 metric tons. The turbine also emphasizes local component production within a small range, reducing energy costs and enhancing reliability.
In July 2023, Ryse Energy, a UK-based renewable energy firm, acquired Primus Wind Power for an undisclosed amount. This acquisition aims to expand Ryse Energy's small wind portfolio and strengthen its position in the residential and off-grid markets. Primus Wind Power, a US-based company, specializes in manufacturing small wind turbines designed for residential and off-grid applications.
Major companies operating in the small wind powers market are General Electric (GE), Centrica PLC, Vestas Group, Suzlon Energy, Envision Energy, AeroVironment Inc., Polaris America LLC, PowerWind Ltd., Northern Power Systems Corporation, Jiangsu Windey Wind Power, XZERES Corporation, Urban Green Energy (UGE), Wind Energy Solutions (WES), Britwind, City Windmills Holdings PLC, Aeronautica Windpower LLC, Ryse Energy, Fortis Wind Energy, HY Energy Co. Ltd., Dong Energy, New Dawn Energy
Europe was the largest region in the small wind power market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the small wind powers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the small wind powers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The small wind power market consists of the sale of wind turbine controllers, wind turbine inverters, battery storage systems, balance-of-system components, and wind monitoring equipment. 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 Powers 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 powers 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.
Where is the largest and fastest growing market for small wind powers ? 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 powers 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 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.