What is Small Medium Wind Turbines Market Scope?
Rapidly growing fuel prices over the globe are boosting the small-medium wind turbines market during the forecast period. Growing adoption of small wind turbines especially in remote rural areas drives the market growth. For instance, 10% of United Kingdom farmers have a wind turbine installed, and of those farmers without renewable energy installations, 61% are further to invest in some form of renewable technology. To reach net-zero compatibility with the expansion of sustainable energy, the renewables industry must reach significantly higher growth rates over the coming decade.
Influencing Trend:
Awareness of Renewable Energy Sources over the Globe and Rapid Growth in Fuel Prices
Market Growth Drivers:
Increasing an Effective Community Energy Support to the Small and Medium Wind Industry, Growing Adoption of Small and Medium Wind Turbines in Rural Economies and The Increasing Demand for Clean and Affordable Energy
Challenges:
Lack of Access to the National Grid
Restraints:
Concerns Related to the Noise and Aesthetic Pollution caused by the Wind Turbines
Opportunities:
Increasingly Turning towards Wind Turbines as a Cleaner and More Affordable Alternative can create Opportunities for the Market Growth and Government Spending on the Green Energy
The Small Medium Wind Turbines market study is being classified by Type (Small Wind Turbines and Medium Wind Turbines), by Application and major geographies with country level break-up.
Global Small Medium Wind Turbines is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Siemens (Germany), Vestas (Denmark), GE Renewable Energy (France), Enercon (Germany), Nordex (Germany), Senvion (Germany), Goldwind (China), Sinovel (China) and Suzlon (India) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Small Medium Wind Turbines market by Type, Application and Region. On the basis of Type, Small Wind Turbines are dominating the market in the year 2021 where as Medium Wind Turbines stood as second largest market share.
On the basis of application, House segment is dominating the market in the year 2021 where as Farm segment stood as second largest market.
On the basis of geography, the market of Small Medium Wind Turbines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In July 2021, Senvion is acquired by Saudi firm Alfanar. The acquisition will help Alfanar to strengthen its competitive position in India to grow its multi-dimensional end-to-end competitive solutions in the field of renewable energy and grid transmission, along with powering Senvion India.
On 5th April 2022, Vestas launched the V172-7.2 MW, expanding the advanced EnVentus platform and offering enhanced performance in low to medium wind conditions. The V172-7.2 MW delivers a 12 percent increase in annual energy production (AEP) compared to the V162-6.2 MW variant in low wind conditions. The new variant delivers flexible power ratings of 7.2 MW, 6.8 MW, and 6.5 MW and offers expanded site applicability for all conditions, with solutions for cold climates and an optional larger CoolerTop for hot climates.
Key Target Audience
Small Medium Wind Turbines Manufacturers, Small Medium Wind Turbines Suppliers and Distributors, Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others
Small Medium Wind Turbines Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Small Medium Wind Turbines Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Small Medium Wind Turbines industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.