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Press Release / Environment / Small Wind Power Market Key Players Global Analysis, Size, Share, Growth Rate, and Outlook To 2023

Small Wind Power Market Key Players Global Analysis, Size, Share, Growth Rate, and Outlook To 2023

By Market Research Future on September 20 2018 | 372 Views

Small Wind Power Market by Grid Connectivity (On-Grid and Off-Grid), By Axis (Horizontal Axis and Vertical Axis) by Region by 2023

Small Wind Power Market Highlights:-
Small wind turbines are used to power remote or off-grid applications such as homes, farms, refuges or beacons. On the basis of region, Europe accounted for the largest market share of 41.32% in 2016, with a market value of USD 1,440.2 million and is projected to grow at CAGR of 13.98% during the forecast period. The small wind power boom is part of a wider move from fossil fuels to renewable energy, across the European Union. European governments and the EU, as a whole, have supported small wind projects with favorable incentives as part of their carbon emission reduction goals. The recorded small wind capacity, installed in Europe has reached over 272.6 MW by the end of 2015. The United Kingdom heads the Small Wind Power Market, with 15% of global installed capacity in 2015.
 
Top Key Players:-

Top key players of global small wind power market are Ennera Energy and Mobility, S.L. (Spain), Eocycle Technologies Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd (China), Guangzhou HY Energy Technology Co., Ltd (China), XZERES Wind Corporation (U.S.), Kingspan Group Plc. (Ireland), Northern Power Systems Corp. (U.S.), Bergey Wind Power Co. Inc. (U.S.), Endurance Wind Power Inc. (Canada), Aeolos Wind Energy Ltd (U.K.), and City Windmills Holdings PLC (U.K.).
 
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Industry News:-
In August 2017, Eocycle Technologies Inc. launched revolutionary Power Purchase Program in the UK. Through this program, customers only pay for the electricity they consume while Eocycle owns and operates the turbine. Customers can see savings of 100,000 British Pound or more over the life of the wind turbine.
In September 2016, Eocycle Technologies Inc. launched the next generation EO25 wind turbine. The new wind turbine provides a 65% increase in energy production over the similar model from the previous generation. No other small wind turbine in the market can match its efficiency. At 6 m/s, the turbine has a certified capacity factor of 44%, resulting in an annual production of more than 87,000 kWh.
 
Small Wind Power Global Market – Segmentation
Based on axis, the market has been divided into horizontal axis and vertical axis. Horizontal axis accounted for the largest market share of 65.07% in 2016, with a market value of USD 2,267.9 million and is projected to grow at a CAGR of 13.03% during the forecast period. The horizontal axis wind turbine, with blades that spin about an axis parallel to wind flow. Horizontal axis wind turbines were, widely, used in farm, small village, home and small business. Vertical axis was the second-largest market in 2016, valued at USD 1,217.5 million in 2016; it is projected to grow at the highest CAGR of 15.37%. The vertical axis turbine, with its axis perpendicular to the wind.
  
Global Small Wind Power Market - Regional Analysis
European region dominates the small wind power market. European governments and the EU, have supported the small wind projects with supportive incentives and regulations as part of their carbon emission reduction goals. In Europe, the installed small wind capacity has reached over 272.6 MW by the end of 2015. The United Kingdom heads the market, with 15% of global installed capacity in 2015.
Asia Pacific is also another major market for the small wind power. Increasing demand for energy because of the growing population and rising electricity demand in the region driving the growth of the market. Moreover, these rapidly growing economies in this region are the top polluters in the world. Presently, China has the largest number of small wind project projects under planning and construction phase, which is followed by Japan.
 
Major Points From TOC:-
1  Executive Summary
1.1 Market Synopsis 14
2  Market Introduction
3  Research Methodology
4  Market Dynamics
 
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5   Market Factor Analysis
5.1 Porter’s Five Forces Analysis 30
5.1.1 Threat Of New Entrants 30
5.1.2 Bargaining Power Of Suppliers 30
5.1.3 Threat Of Substitutes 30
5.1.4 Bargaining Power Of Buyers 31
5.1.5 Rivalry 31
5.2 Supply Chain Analysis 31
 
6  Global Small Wind Power Market: Industry Overview
6.1 Overview 34
6.2 Favourable Government Incentives & Policies 35
6.3 Small Wind Installed Capacity, 2014-2023 (MW) 37
6.4 Small Wind Power Installed Capacity, By Major Country, 2016 (KW) 37
6.5 Key Projects 38
To be continued......
 



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