Small Wind Turbine Market Size (2024 - 2029)

The Small Wind Turbine Market is projected to experience significant growth over the forecast period, driven by its reduced environmental impact and lower capital and operational expenditures. Despite facing challenges from competing energy sources like rooftop solar PV, the market is poised for expansion due to innovations such as building-integrated and bladeless wind turbines. The Asia-Pacific region, supported by favorable policies for small-scale wind power, is expected to lead in growth.

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Market Size of Small Wind Turbine Industry

Small Wind Turbine Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 1.93 Billion
Market Size (2029) USD 3.39 Billion
CAGR (2024 - 2029) 11.80 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific

Major Players

Small Wind Turbine Market Major Players

*Disclaimer: Major Players sorted in no particular order

Small Wind Turbine Market Analysis

The Small Wind Turbine Market size is estimated at USD 1.93 billion in 2024, and is expected to reach USD 3.39 billion by 2029, growing at a CAGR of 11.80% during the forecast period (2024-2029).

• Over the medium term, the market's growth is expected to be driven by lower environmental impact due to its smaller size and land footprint and lower CAPEX and OPEX requirements.

• On the other hand, competition from alternative distributed generation sources such as rooftop solar photovoltaic (PV) would negatively impact the market's growth and is one of the major restraints.

• Nevertheless, the commercialization of building-integrated wind turbines and the development of bladeless wind turbines are expected to provide growth opportunities in the forecast period.

• The Asia-Pacific region dominates the market and will likely witness the highest CAGR during the forecast period. The growth is mainly driven by the existing framework of policies supporting the adoption of small-scale wind power developments.

Small Wind Turbine Industry Segmentation

Small wind turbines are low-cost, low-maintenance, and dependable alternative energy generators that can be installed in a short time and require less space. The market size under the report considers the annual sales of wind turbines below 100 kW (in nominal, or nameplate, capacity) globally.

The small wind turbine market is segmented by axis type, application, and geography. By axis type, the market is segmented into horizontal-axis wind turbines and vertical-axis wind turbines. By application, the market is segmented into on-grid and off-grid. The report also covers the market size and forecasts for the small wind turbine market across major regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts were made based on revenue (USD).

Axis Type
Horizontal Axis Wind Turbine
Vertical Axis Wind Turbine
Application
On-grid
Off-grid
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC
Rest of the Europe
Asia Pacific
China
India
Japan
Malaysia
Indonesia
Vietnam
Thailand
Australia
Rest of the Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Nigeria
Qatar
Egypt
Rest of the Middle East and Africa
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Small Wind Turbine Market Size Summary

The small wind turbine market is poised for significant growth over the forecast period, driven by its lower environmental impact and reduced capital and operational expenditure requirements. The market is characterized by the dominance of horizontal-axis wind turbines, which are favored for their technological and economic advantages. These turbines, primarily used in rural and remote settings, are expected to see moderate deployment due to their ability to access stronger winds and increase power generation. However, the market faces challenges from competition with alternative energy sources like rooftop solar photovoltaic systems. Despite these challenges, innovations such as building-integrated and bladeless wind turbines present new growth opportunities.

The Asia-Pacific region is a key player in the small wind turbine market, with China and India leading the charge due to their substantial wind power capacities and supportive policies. The region's dominance is expected to continue, fueled by investments in off-grid and residential-scale small wind turbines. The market is moderately fragmented, with several major players contributing to its development. Initiatives like the US Department of Energy's support for small and medium wind turbine technology commercialization further underscore the market's potential. As the market evolves, the focus on research and development, particularly in developing countries, is likely to enhance the scope and scale of small wind turbine installations globally.

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Small Wind Turbine Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Investment Opportunities

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

        1. 1.6.1.1 Growing Adoption of Small Wind Turbines for Businesses, Communities and Homes

        2. 1.6.1.2 Lower CAPEX and OPEX Requirements

      2. 1.6.2 Restraints

        1. 1.6.2.1 Competition from Alternative Distributed Generation Source

    7. 1.7 Supply Chain Analysis

    8. 1.8 Porter's Five Forces Analysis

      1. 1.8.1 Bargaining Power of Suppliers

      2. 1.8.2 Bargaining Power of Consumers

      3. 1.8.3 Threat of New Entrants

      4. 1.8.4 Threat of Substitute Products and Services

      5. 1.8.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Axis Type

      1. 2.1.1 Horizontal Axis Wind Turbine

      2. 2.1.2 Vertical Axis Wind Turbine

    2. 2.2 Application

      1. 2.2.1 On-grid

      2. 2.2.2 Off-grid

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Russia

        7. 2.3.2.7 NORDIC

        8. 2.3.2.8 Rest of the Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 Malaysia

        5. 2.3.3.5 Indonesia

        6. 2.3.3.6 Vietnam

        7. 2.3.3.7 Thailand

        8. 2.3.3.8 Australia

        9. 2.3.3.9 Rest of the Asia Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 South Africa

        4. 2.3.5.4 Nigeria

        5. 2.3.5.5 Qatar

        6. 2.3.5.6 Egypt

        7. 2.3.5.7 Rest of the Middle East and Africa

Small Wind Turbine Market Size FAQs

The Small Wind Turbine Market size is expected to reach USD 1.93 billion in 2024 and grow at a CAGR of 11.80% to reach USD 3.39 billion by 2029.

In 2024, the Small Wind Turbine Market size is expected to reach USD 1.93 billion.

Small Wind Turbine Market Report Snapshots

Small Wind Turbine Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)