The Small Wind Market to reach $22.5 Billion by 2030; The Rising demand for clean energy, Cost efficiency, energy independence, technological advancements and government support and initiatives are driving the demand for Small Wind.

The Small Wind Market size is estimated to reach $22.5 Billion by 2030, growing at a CAGR of 14.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Small Wind Market – By Grid Connectivity (On-Grid, Off-Grid), By Axis Type (Horizontal Axis Wind Turbines (HAWT), Vertical Axis Wind Turbines (VAWT)), By Capacity (Up to 10 kW, 10 kW – 50 kW, 50 kW – 100 kW), By Business Model (Ownership, Leasing/Power Purchase Agreement (PPA)), By Energy Storage Integration (With Energy Storage, Without Energy Storage), By Technology Type (Direct Drive Turbines, Gearbox-Based Turbines, Hybrid Systems), By Application (Residential, Commercial, Industrial, Agricultural, Community Wind Projects, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Small Wind technology is being adopted due to the rising demand for clean energy. Small Wind systems is becoming a viable option for many users due to the cost efficiency it offers. People and businesses are interested in decentralized energy, as they are looking to restrain from centralized power grids. Small Wind systems are becoming more efficient and reliable with technological advancements. In addition, government initiatives and support are helping Small Wind become part of broader sustainability efforts. These factors together are fueling the growth of the Small Wind industry during the forecast period.

Europe held the largest market share in 2023 due to its established wind energy infrastructure and early adoption of renewable energy technologies. The region's commitment to achieving net-zero emissions, supported by initiatives like the European Green Deal, has spurred investments in wind energy projects. European countries such as Germany, the UK and Denmark have extensive onshore and offshore wind installations. The new UK Government is committed to double onshore wind and quadruple offshore wind by 2030, as a cornerstone of its goal to fully decarbonise electricity by 2030, as per the UK Parliament. 

Small wind market is driven by the rising demand for clean energy as countries set out to meet their renewable energy targets. For example, Invest India states that India aims to cut its carbon intensity by 45% by the end of the decade and achieve 50% cumulative electric power from renewable sources by 2030. The move to renewables is motivated by a need to decrease reliance on fossil fuels, enhance air quality, and fulfill the nation’s pledge to reach net zero carbon emissions by 2070. The demand for clean energy solutions such as small wind turbines is expected to shoot through the roof with a goal of 500 GW of renewable energy capacity by 2030. Small wind systems are a reliable and sustainable alternative to these environmental goals, helping the country move toward a cleaner energy future. 

Small wind energy systems offer substantial cost savings for residential and commercial users by reducing their electricity costs. Based on the wind resource available, the U.S. Office of Energy Efficiency and Renewable Energy states, small wind turbines can reduce electricity bills by up to 100%. These systems also save the high costs of bringing utility power lines to rural or remote areas. Small wind turbines also provide a reliable, indigenous source of clean, renewable energy that contributes to long term energy cost stability. The ability of wind turbines to produce power independently as energy prices fluctuate provides both financial benefits and resilience in off grid or backup power applications. 

• In November 2024, Freen, an independent wind energy company introduced a series of new, advanced ranges of small wind turbines that would make clean energy more accessible and adaptable to different environments.

• In September 2024, German car manufacturer BMW installed the UK's first motionless wind energy system at its Mini plant in Oxford. The innovative system harnesses wind power without visible moving parts. Serving as a testbed, it aims to boost energy efficiency at BMW sites globally and in UK commercial buildings.

• In June 2024, Cape Town’s V&A Waterfront installed four small, low-noise vertical-axis wind turbines of 1-kW in the Silo District, along with a 3-kW turbine near Breakwater parking. This expanded its green energy mix and enhanced the property’s renewable electricity supply.

Key companies profiled in the Small Wind Market are Northern Power Systems, Bergey Windpower, Wind Energy Solutions (WES), Xzeres Wind Corp, Kestrel Renewable Energy, Primus Wind Power, Eocycle Technologies Inc., Bornay Aerogeneradores, Lagerway, SD Wind Energy and others.

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IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

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Mr. Venkat Reddy

IndustryARC

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