Europe Small Wind Turbine Market Size (2024 - 2029)

Europe Small Wind Turbine Market Analysis

Europe's small wind energy market is projected to register a CAGR of over 1% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels.

• In the medium term, advancements in technology leading to wind turbine manufacturing cost reduction and increase in efficiency have been major factors for the growth of the small wind turbine market.
• On the other hand, the increasing adoption of alternative energy sources for small-scale renewable development, such as rooftop solar and small-scale bioenergy facilities, is expected to hinder the growth of the market during the forecast period.
• Nevertheless, the deployment of small wind turbines atop high-rise buildings has been investigated and implemented in limited capacities across many countries in Europe. This can redefine renewable energy generation and consumption in urban neighborhoods with a high carbon footprint, thus creating several opportunities for small wind turbines in the future.
• Germany is expected to dominate the market's growth, the government's initiative schemes for small wind systems development is anticipated to drive the market's growth.

Europe Small Wind Turbine Industry Segmentation

Small wind turbines, also known as micro wind turbines, are used for the microgeneration of electricity, as opposed to large commercial wind turbines, such as those found in wind farms, which generate large amounts of electricity. Unlike large wind turbines which use geared powertrains, small wind turbines usually use passive yaw systems. They have a direct drive generator and use a tail fin to point into the wind, whereas larger turbines use gearing systems that point actively into the wind. 

Europe's small wind energy market is segmented by axis type and geography. By axis type, the market is segmented into horizontal-axis wind turbines and vertical-axis wind turbines. The report also covers the market size and forecasts for the small turbine market across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).