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.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Siemens (Germany), Vestas (Denmark), GE Renewable Energy (France), Enercon (Germany), Nordex (Germany), Senvion (Germany), Goldwind (China), Sinovel (China) and Suzlon (India) |
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 |
The Small Medium Wind Turbines market study is being classified by Type (Small Wind Turbines and Medium Wind Turbines), by Application (House, Farm, Large and Small Business and Others) 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.
Influencing Market Trend
- Awareness of Renewable Energy Sources over the Globe
- Rapid Growth in Fuel Prices
Market 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
Opportunities
- Increasingly Turning towards Wind Turbines as a Cleaner and More Affordable Alternative can create Opportunities for the Market Growth
- Government Spending on the Wind Turbines in Rural Areas
Restraints
- Concerns Related to the Noise and Aesthetic Pollution caused by the Wind Turbines
Challenges
- Lack of Access to the National Grid
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
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 include 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.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Small Medium Wind Turbines market expands?
The Global Small Medium Wind Turbines market is expected to see a growth of % during projected year 2021 to 2027.
2. Who are the prominent players of the Global Small Medium Wind Turbines market?
The prominent players of Global Small Medium Wind Turbines market are Siemens (Germany), Vestas (Denmark), GE Renewable Energy (France), Enercon (Germany), Nordex (Germany), Senvion (Germany), Goldwind (China), Sinovel (China) and Suzlon (India), to view complete player list click here
3. What are the top priorities to focus for Small Medium Wind Turbines markets growth?
In this highly competitive & fast evolving Small Medium Wind Turbines industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.