Small Wind Market by Type (Horizontal Axis Wind Turbine, Vertical Axis Wind Turbine), by Application (On-Grid, Off-Grid), by Geography (Asia-Pacific, North America, Europe) - Global Trends and Forecast to 2019
[102 Pages Report] The global small wind market is projected to grow at a CAGR of 19.5% from 2014 to 2019. The increasing demand for renewable sources for energy generation and rapid industrialization has played a huge part in providing the necessary boost to the global small wind market. The market for global small wind has also expanded owing to the increasing energy demand and growing concerns over environmental impacts of power generation through fossil fuel. The on-grid application is the fastest-growing segment in this market across the globe.
The market is segmented on the basis of type, application, and region in terms of value. The market segments by type include horizontal axis wind turbine and vertical axis wind turbine. The market segments for application include on-grid and off-grid. The regional segmentation includes market values for Asia-Pacific, North America, and Europe.
This report provides a comprehensive analysis of key companies and the developments recorded in the industry during the past five years. In addition, market drivers, restraints, opportunities, and challenges have also been discussed in detail. Leading players of the market, such as Northern Power Systems Inc. (U.S.), Bergey Wind Power Co. (U.S.), Kingspan Group Plc. (Netherlands), and Xzeres Wind Corp. (U.K.) have been profiled to provide an insight into the competitive scenario of the market. New product development has been the key strategy adopted by leading companies to accommodate the fast changing technologies in the application areas and to increase their market share. The leading small wind turbine manufacturers also aim at locating their facilities closer to target markets in order to reduce transportation costs and meet regulatory conditions. These strategies have been adopted by leading companies to ensure retention of considerable share of this market.
The market was dominated by North America in 2013. Strong growth has been projected for the small wind market in the next five years, as demand for small wind turbines continues to rise in the wake of escalated use of renewable energy.
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This research study categorizes the global small wind market based on type, application, and region:
Based on Type:
- Horizontal Axis Wind Turbine
- Vertical Axis Wind Turbine
Based on Application:
- On-Grid
- Off-Grid
Based on Region:
- North America
- Europe
- Asia-Pacific
The global small wind market is estimated to reach USD 1.89 Billion by 2019, with a projected CAGR of 19.5%, signifying a steady increase in the demand for small wind power.
The market is expected to grow as a result of the increasing demand for electricity worldwide. This increasing demand is attributed to the growing industrialization and increasingly deeper penetration of electricity in unconnected areas. Increasing concerns regarding the adverse environmental effects, price volatilities, and economic costs brought about by the usage of fossil fuels has compelled nations into adopting renewable sources for electricity generation over the past decade.
The market players of small wind continually invest in R&D to reduce the size of the wind turbine’s rotor and to introduce high-quality blades with modified and improved properties. This will reduce the noise generated from the turbines and increase its efficiency. They also invest in expansion of their production facilities in different countries to strengthen their global reach.
Vertical axis wind turbine is the fastest growing type for small wind market, especially in emerging markets, such as China, Brazil, and India.
The small wind market is dominated by large firms, such as Northern Power Systems Inc. (U.S.), Bergey Wind Power Co. (U.S.), Kingspan Group Plc. (Netherlands), Shanghai Ghrepower Green Energy Co. Ltd. (China), Endurance Wind Power Inc. (Canada), ZKEnergy Technology Co., Ltd. (China), and Xzeres Wind Corp. (U.K.). They provide advanced small wind turbine, and by gaining considerable expertise and experience over the years, have optimized their processes and practises to become even more efficient.
The on-grid segment is projected to grow at the highest CAGR of 20.1% from 2014 to 2019. The key players of small wind market implement different strategies such as expansions, agreements, contracts, joint ventures, and partnerships to garner a larger share in the market. The leading small wind market players are focusing on countries with emerging markets that are estimated to show potential for industrial development in the near future.
The market for small wind is a highly fragmented one owing to the huge clean energy demand and changing technologies. Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market. One of the major developments observed in the market is new product development. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for small wind power in key emerging markets. These strategies have aided companies to create a large customer and partner base in key markets. The application requirements for small wind power and as well as the operating conditions are continuously changing making it essential for the manufacturers and service providers to continually invest in research and development activities and come up with innovative solutions.
Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Segmentation & Coverage
1.3 Stakeholders
2 Research Methodology (Page No. - 14)
2.1 Integrated Ecosystem of Small Wind Market
2.2 Arriving at Small Wind Market Size
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.2.3 Demand Side Approach
2.2.4 Macroindicator-Based Approach
2.3 Assumptions
3 Executive Summary (Page No. - 20)
4 Market Overview (Page No. - 22)
4.1 Introduction
4.2 Small Wind Market: Comparison With Parent Market
4.3 Market Drivers and Inhibitors
4.4 Key Market Dynamics
5 Small Wind Market, By Application (Page No. - 27)
5.1 Introduction
5.2 Off-Grid Small Wind Market, By Geography
5.2.1 North America, By Country
5.2.2 Europe, By Country
5.2.3 Asia-Pacific, By Country
5.3 On-Grid Small Wind Market, By Geography
5.3.1 North America, By Country
5.3.2 Europe, By Country
5.3.3 Asia-Pacific, By Country
6 Small Wind Market, By Type (Page No. - 41)
6.1 Introduction
6.2 Horizontal Axis Wind Turbine Market, By Geography
6.2.1 North America, By Country
6.2.2 Europe, By Country
6.2.3 Asia-Pacific, By Country
6.3 Vertical Axis Wind Turbine Market, By Geography
6.3.1 North America, By Country
6.3.2 Europe, By Country
6.3.3 Asia-Pacific, By Country
7 Small Wind Market, By Geography (Page No. - 55)
7.1 Introduction
7.2 North America
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.3 Europe
7.3.1 By Country
7.3.2 By Type
7.3.3 By Application
7.4 Asia –Pacific
7.4.1 By Country
7.4.2 By Type
7.4.3 By Application
8 Small Wind Market: Competitive Landscape (Page No. - 73)
8.1 Company Share Analysis
8.2 Company Presence in Small Wind Market, By Product Type
8.3 Mergers , Acquisitions, & Award/Certification
8.4 Expansions
8.5 Joint Ventures
8.6 Partnerships
8.7 New Product Launches
8.8 Agreements
8.9 Others
9 Small Wind Market, By Company (Page No. - 79)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
9.1 Northern Power Systems Inc.
9.2 Kingspan Group PLC
9.3 Xzeres Wind Corporation
9.4 Wind Energy Solutions
9.5 Bergey Windpower Co. Inc.
9.6 HY Energy Co. Ltd (China)
9.7 Eocycle Technologies Inc.
9.8 Endurance Wind Power Inc. (Canada)
9.9 Shanghai Ghrepower Green Energy Co., Ltd.
9.10 Zkenergy Technology Co., Ltd.
*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
10 Appendix (Page No. - 97)
10.1 Customization Options
10.1.1 Products and Services Benchmarking Analysis
10.1.2 Regulatory Framework
10.1.3 Impact Analysis
10.1.4 Current Industry Challenges
10.1.5 Historical Data and Trends
10.1.6 Small Wind Turbine in Depth Value Chain Analysis
10.2 Introducing RT: Real Time Market Intelligence
10.3 RT Snapshots
10.4 Related Reports
List of Tables (79 Tables)
Table 1 Global Small Wind Peer Market Size, 2013 (USD MN)
Table 2 Small Wind Market: Macroindicator, By Geography, 2013
Table 3 Small Wind Market: Comparison With Parent Market,2013–2019 (USD MN)
Table 4 Small Wind Market: Drivers and Inhibitors
Table 5 Small Wind Market, By Application, 2013-2019 (USD MN)
Table 6 Small Wind Market, By Application, 2013-2019 (MW)
Table 7 Small Wind Market, By Type, 2013-2019 (USD MN)
Table 8 Small Wind Market, By Geography, 2013-2019 (USD MN)
Table 9 Small Wind Market, By Application, 2013-2019 (USD MN)
Table 10 Small Wind Market, By Application, 2013-2019 (MW)
Table 11 Off-Grid Small Wind Market, By Geography, 2013-2019 (USD MN)
Table 12 Off-Grid Small Wind Market, By Geography, 2013-2019 (MW)
Table 13 North America Off-Grid Small Wind Market, By Country,2013-2019 (USD MN)
Table 14 North America Off-Grid Market, By Country, 2013-2019 (MW)
Table 15 Europe Off-Grid Small Wind Market, By Country, 2013-2019 (USD MN)
Table 16 Europe Off-Grid Market, By Country, 2013-2019 (MW)
Table 17 Asia-Pacific Off-Grid Small Wind Market, By Country, 2013-2019 (USD MN)
Table 18 Asia-Pacific Off-Grid Market Size, By Geography,2013-2019 (MW)
Table 19 On-Grid Small Wind Market, By Geography, 2013-2019 (USD MN)
Table 20 On-Grid Small Wind Market, By Geography, 2013-2019 (MW)
Table 21 North America On-Grid Small Wind Market, By Country,2013-2019 (USD MN)
Table 22 North American On-Grid Market, By Country, 2013-2019 (MW)
Table 23 Europe On-Grid Small Wind Market, By Country, 2013-2019 (USD MN)
Table 24 Europe On-Grid Market, By Country, 2013-2019 (MW)
Table 25 Asia-Pacific On-Grid Small Wind Market, By Country, 2013-2019 (USD ‘000)
Table 26 Asia-Pacific On-Grid Market, By Country, 2013-2019 (Kw)
Table 27 Small Wind Market, By Type, 2013-2019 (USD MN)
Table 28 Small Wind Market, By Type, 2013-2019 (MW)
Table 29 Horizontal Axis Wind Turbine Market, By Geography, 2013-2019 (USD MN)
Table 30 Horizontal Axis Wind Turbine Market, By Geography, 2013-2019 (MW)
Table 31 North America Horizontal Axis Wind Turbine Market, By Geography, 2013-2019 (USD MN)
Table 32 North America Horizontal Axis Wind Turbine Market, By Geography, 2013-2019 (MW)
Table 33 Europe Horizontal Axis Wind Turbine Market, By Geography,2013-2019 (USD MN)
Table 34 Europe Horizontal Axis Wind Turbine Market, By Geography,2013-2019 (MW)
Table 35 Asia-Pacific Horizontal Axis Wind Turbine Market, By Geography,2013-2019 (USD ‘000)
Table 36 Asia-Pacific Horizontal Axis Wind Turbine Market Size, By Geography, 2013-2019 (Kw)
Table 37 Vertical Axis Wind Turbine Market, By Geography, 2013-2019 (USD MN)
Table 38 Vertical Axis Wind Turbine Market, By Geography, 2013-2019 (MW)
Table 39 North America Vertical Axis Wind Turbine Market, By Geography,2013-2019 (USD MN)
Table 40 North America Vertical Axis Wind Turbine Market, By Geography,2013-2019 (MW)
Table 41 Europe Vertical Axis Wind Turbine Market, By Geography,2013-2019 (USD MN)
Table 42 Europe Vertical Axis Wind Turbine, By Geography, 2013-2019 (MW)
Table 43 Asia-Pacific Vertical Axis Wind Turbine Market, By Geography,2013-2019 (USD ‘000)
Table 44 Asia-Pacific Vertical Axis Wind Turbine Market, By Geography,2013-2019 (Kw)
Table 45 Small Wind Market, By Geography, 2013-2019 (USD MN)
Table 46 Small Wind Market, By Geography, 2013-2019 (MW)
Table 47 North America Small Wind Market, By Country, 2013-2019 (USD MN)
Table 48 North America Market, By Country, 2013-2019 (MW)
Table 49 North America Market, By Type, 2013-2019 (USD MN)
Table 50 North America Market, By Type, 2013-2019 (MW)
Table 51 North America Market, By Application, 2013-2019 (USD MN)
Table 52 North America Market, By Application, 2013-2019 (MW)
Table 53 Europe Small Wind Market, By Country, 2013-2019 (USD MN)
Table 54 Europe Market, By Country, 2013-2019 (MW)
Table 55 Europe Market, By Type, 2013-2019 (USD MN)
Table 56 Europe Market, By Type, 2013-2019 (MW)
Table 57 Europe Market, By Application, 2013-2019 (USD MN)
Table 58 Europe Market, By Application, 2013-2019 (MW)
Table 59 Asia-Pacific Small Wind Market, By Country, 2013-2019 (USD MN)
Table 60 Asia-Pacific Market, By Country, 2013-2019 (MW)
Table 61 Asia-Pacific Market, By Type, 2013-2019 (USD MN)
Table 62 Asia-Pacific Market, By Type, 2013-2019 (MW)
Table 63 Asia-Pacific Market, By Application, 2013-2019 (USD MN)
Table 64 Asia-Pacific Market, By Application, 2013-2019 (MW)
Table 65 Global Wind Market: Company Share Analysis, 2013 (%)
Table 66 Small Wind Turbine Market: Mergers & Acquisitions
Table 67 Small Wind Market: Expansions
Table 68 Small Wind Market: Joint Ventures
Table 69 Small Wind Market: Partnerships
Table 70 Small Wind Market: New Product Launches
Table 71 Small Wind Market: Agreements
Table 72 Small Wind Market: Others
Table 73 Northern Power Systems: Key Financials, 2009-2013 (USD MN)
Table 74 Northern Power Systems : Revenue, By Segment, 2009-2013 (USD MN)
Table 75 Northern Power Systems: Revenue, By Geography, 2009-2013 (USD MN)
Table 76 Kingspan Group PLC: Key Financials, 2009-2013 (USD MN)
Table 77 Kingspan Group PLC: Revenue, By Geography, 2009-2013 (USD MN)
Table 78 Kingspan Group PLC.: Revenue, By Business Segment, 2009-2013 (USD MN)
Table 79 Xzeres Wind Corporation : Key Financials, 2011-2014 (USD MN)
List of Figures (53 Figures)
Figure 1 Global Small Wind Market: Segmentation & Coverage
Figure 2 Small Wind Market: Integrated Ecosystem
Figure 3 Top-Down Approach
Figure 4 Bottom-Up Approach
Figure 5 Demand Side Approach
Figure 6 Macroindicator-Based Approach
Figure 7 Small Wind Market: Snapshot, 2014
Figure 8 Global Small Wind Market: Growth Aspects
Figure 9 Small Wind Market: Comparison With Parent Market
Figure 10 Small Wind Market, By Application, 2014 & 2019 (USD MN)
Figure 11 Small Wind Market, By Application, 2014 & 2019 (USD MN)
Figure 12 Small Wind Market, By Application, 2014 & 2019 (MW)
Figure 13 Off-Grid Small Wind Market, By Geography, 2014 & 2019 (USD MN)
Figure 14 North America Off-Grid Small Wind Market, By Country,2014 & 2019 (USD MN)
Figure 15 Europe Off-Grid Small Wind Market, By Country, 2014 & 2019 (USD MN)
Figure 16 Asia-Pacific Off-Grid Small Wind Market, By Country,2014 & 2019 (USD MN)
Figure 17 On-Grid Small Wind Market, By Geography, 2014 & 2019 (USD MN)
Figure 18 North America On-Grid Small Wind Market, By Country,2014 & 2019 (USD MN)
Figure 19 Europe On-Grid Small Wind Market, By Country, 2014 & 2019 (USD MN)
Figure 20 Asia-Pacific On-Grid Small Wind Market, By Country,2014 & 2019 (USD ‘000)
Figure 21 Small Wind Market, By Application, 2014 & 2019 (USD MN)
Figure 22 Horizontal Axis Wind Turbine Market, By Geography,2014 & 2019 (USD MN)
Figure 23 North America Horizontal Axis Wind Turbine Market, By Geography,2014 & 2019 (USD MN)
Figure 24 Europe Horizontal Axis Wind Turbine Market, By Geography,2014 & 2019 (USD MN)
Figure 25 Asia-Pacific Horizontal Axis Wind Turbine Market, By Geography,2014 & 2019 (USD ‘000)
Figure 26 Vertical Axis Wind Turbine Market, By Geography, 2014 & 2019 (USD MN)
Figure 27 North America Vertical Axis Wind Turbine Market, By Geography,2014 & 2019 (USD MN)
Figure 28 Europe Vertical Axis Wind Turbine Market, By Geography,2014 & 2019 (USD MN)
Figure 29 Asia-Pacific Vertical Axis Wind Turbine Market, By Geography,2014 & 2019 (USD ‘000)
Figure 30 Small Wind Market: Growth Analysis, By Geography,2014 & 2019 (USD MN)
Figure 31 Small Wind Market: Growth Analysis, By Geography, 2014 & 2019 (MW)
Figure 32 North America Small Wind Market, Overview, 2014 & 2019 (%)
Figure 33 North America Market, By Country, 2014 & 2019 (USD MN)
Figure 34 North America Market: Country Snapshot,2014 & 2019, (USD MN)
Figure 35 North America Market, By Type, 2014 & 2019 (%)
Figure 36 North America Market, By Application, 2014 & 2019 (USD MN)
Figure 37 North America Market, By Application, 2014 & 2019 (%)
Figure 38 Europe Small Wind Market, Overview, 2014 & 2019 (%)
Figure 39 Europe Market, By Country, 2014 & 2019 (USD MN)
Figure 40 Europe Market: Country Snapshot, 2014 & 2019 (USD MN)
Figure 41 Europe Market, By Type, 2014 & 2019 (%)
Figure 42 Europe Market, By Application, 2014 & 2019 (USD MN)
Figure 43 Europe Market, By Application, 2014 & 2019 (%)
Figure 44 Asia- Pacific Small Wind Market Overview, 2014 & 2019 (%)
Figure 45 Asia-Pacific Market, By Country, 2014 & 2019 (USD MN)
Figure 46 Asia-Pacific Market: Country Snapshot, 2014 & 2019 (USD MN)
Figure 47 Asia-Pacific Market, By Type, 2014 & 2019 (%)
Figure 48 Asia-Pacific Market, By Application, 2014 & 2019 (USD MN)
Figure 49 Asia-Pacific Market, By Application, 2014 & 2019 (%)
Figure 50 Small Wind Market: Company Share Analysis, 2013 (%)
Figure 51 Global Small Wind Market: Company Product Coverage, By Type, 2013
Figure 52 Northern Power Systems: Revenue Mix, 2013 (%)
Figure 53 Kingspan Group PLC: Revenue Mix, 2013 (%)
Growth opportunities and latent adjacency in Small Wind Market