Small Wind Market Trends, Size, Growth Drivers, Revenue, Share, Challenges and Future outlook
Small Wind Market Growth, Size, Trends Analysis - By Connectivity, By Axis - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jan-2025 | Report ID: POAE2503 | Pages: 1 - 246 | Formats*: |
| Category : Power & Energy | |||
Small Wind Market Introduction and Overview
According to SPER Market Research, the Global Small Wind Market is estimated to reach USD 2507.82 million by 2034 with a CAGR of 4.59%.
The report includes an in-depth analysis of the Global Small Wind Market, including market size and trends, product mix, Applications, and supplier analysis. The growing demand for renewable energy, fueled by global environmental concerns and the depletion of non-renewable resources, is driving the market. The need for sustainable energy solutions is further intensified by rapid industrialization and urbanization, especially in remote areas where small wind systems offer a dependable source of electricity. However, High initial costs for purchasing and installing small wind turbines deter potential buyers, limiting market growth. Additionally, aesthetic and noise concerns lead to community opposition, further hindering adoption and deployment.
By Connectivity: In 2024, the off-grid segment led the market with a highest revenue share, serving as a crucial part of renewable energy, particularly for remote areas with limited or no grid access. Off-grid systems, ideal for homes, farms, and telecom stations, operate independently and are more efficient and reliable due to technological advancements. Meanwhile, the on-grid segment is growing, with small wind turbines connected to the utility grid. This setup allows users to generate electricity for residential and commercial use and feed excess power back to the grid. Government incentives, such as tax credits, are driving the expansion of both segments.
By Axis: Horizontal axis wind turbines (HAWTs) lead the market due to their proven efficiency and reliability in generating electricity. Their rotor design optimizes energy extraction, making them ideal for onshore and offshore use, while growing renewable energy investments drive demand.
By Regional Insights: The small wind turbine market in North America is expanding as demand for renewable energy rises and decentralized power solutions gain traction. Government incentives and favorable policies are promoting investment in small wind technology, especially in rural areas with limited grid access.
Market Competitive Landscape:
Bergey Windpower Co., Envergate Energy AG, EOCYCLE, Kingspan Group, Kliux Energies, Northern Power Systems, Shanghai Zhiyuan Green Energy Co., Ltd., Superwind GmbH, XZERES Corp., and others.
Recent Developments:
- In October 2024, Envision Energy unveiled a 5MW onshore turbine in India, aiming to expand its presence in the market. This turbine will be one of the largest in the country, second only to Adani New Industries' 5.2MW model, which began operations earlier that year.
- In October 2024, Skyborn Renewables, a subsidiary of Global Infrastructure Partners (GIP), formed a major partnership in the U.S. offshore wind industry by acquiring a significant stake in the Revolution Wind and South Fork Wind projects from Eversource Energy. Ørsted holds the remaining stake in both projects, and Skyborn will co-manage these developments. This collaboration is a key move in expanding Skyborn's presence in the U.S. offshore wind market, combining the expertise of both companies to drive forward these essential renewable energy projects.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Raw Material, By Application, By Distributional Channel. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Bergey Windpower Co., Envergate Energy AG, EOCYCLE, Kingspan Group, Kliux Energies, Northern Power Systems, Shanghai Zhiyuan Green Energy Co., Ltd., Superwind GmbH, XZERES Corp., and others. |
Key Topics Covered in the Report:
- Global Small Wind Market Size (FY’2021-FY’2034)
- Overview of Global Small Wind Market
- Segmentation of Global Small Wind Market By Connectivity (Off grid, On grid)
- Segmentation of Global Small Wind Market By Axis (Horizontal Axis Wind Turbines, Vertical Axis Wind Turbines)
- Statistical Snap of Global Small Wind Market
- Expansion Analysis of Global Small Wind Market
- Problems and Obstacles in Global Small Wind Market
- Competitive Landscape in the Global Small Wind Market
- Details on Current Investment in Global Small Wind Market
- Competitive Analysis of Global Small Wind Market
- Prominent Players in the Global Small Wind Market
- SWOT Analysis of Global Small Wind Market
- Global Small Wind Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Small Wind Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Small Wind Market
7. Global Small Wind Market, By Connectivity, (USD Million) 2021-2034
7.1. Off grid7.2. On grid
8. Global Small Wind Market, By Axis, (USD Million) 2021-2034
8.1. Horizontal Axis Wind Turbines8.2. Vertical Axis Wind Turbines
9. Global Small Wind Market, (USD Million) 2021-2034
9.1. Global Small Wind Market Size and Market Share
10. Global Small Wind Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia10.1.2. China10.1.3. India10.1.4. Japan10.1.5. South Korea10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France10.2.2. Germany10.2.3. Italy10.2.4. Spain10.2.5. United Kingdom10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia10.3.2. United Arab Emirates10.3.3. Qatar10.3.4. South Africa10.3.5. Egypt10.3.6. Morocco10.3.7. Nigeria10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada10.4.2. Mexico10.4.3. United States
10.5. Latin America
10.5.1. Argentina10.5.2. Brazil10.5.3. Rest of Latin America
11. Company Profile
11.1. Bergey Windpower Co.
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Envergate Energy AG
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. EOCYCLE
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Kingspan Group
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Kliux Energies
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Northern Power Systems
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Shanghai Zhiyuan Green Energy Co., Ltd.
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Superwind GmbH
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. XZERES Corp.
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Small Wind Market is projected to reach USD 2507.82 million by 2034, growing at a CAGR of 4.59% during the forecast period.
Small Wind Market grew in Market size from 2025. The Market is expected to reach USD 2507.82 million by 2034, at a CAGR of 4.59% during the forecast period.
Small Wind Market CAGR of 4.59% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Small Wind Market size is USD 2507.82 million from 2025 to 2034.
Small Wind Market is covered By Raw Material, By Application, By Distributional Channel.
The North America is anticipated to have the highest Market share in the Small Wind Market.
The key players in the Market include Companies Covered Bergey Windpower Co., Envergate Energy AG, EOCYCLE, Kingspan Group, Kliux Energies, Northern Power Systems, Shanghai Zhiyuan Green Energy Co., Ltd., Superwind GmbH, XZERES Corp., and others.
The need for sustainable energy solutions is further intensified by rapid industrialization and urbanization, especially in remote areas where small wind systems offer a dependable source of electricity. However, High initial costs for purchasing and installing small wind turbines deter potential buyers, limiting market growth.
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