The global small wind power market size was US$ 8.05 billion in 2021. The global small wind power market size is forecast to reach US$ 17.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.9% during the forecast period from 2022 to 2030.

A small wind system is a power generation system connected to the electric grid through a power provider or stands alone (off-grid). Small wind turbines include a variety of wind turbines ranging from microturbines to residential turbines and mini turbines. In addition, these wind turbines have power ratings that range from a few watts to several thousand watts. There are small wind turbines as large as 15 meters in diameter. A small wind turbine can use to power remote or off-grid applications such as homes, farms, refuges, and beacons.

Factors Influencing Market Growth

• Increasing awareness among consumers about the use of renewable energy sources has created great opportunities for the global small wind power market.
• A growing demand for renewable resources, coupled with rapid industrialization, is driving the growth of the global small wind power market. 
• Due to an increase in demand for energy and concerns about the environmental impacts of fossil fuel-based power generation, the global market is experiencing significant growth. 
• An increase in government investments to improve electricity generation by integrating renewable sources of energy, such as wind energy, contributes to the global market's growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had negatively impacted the global market growth. Lockdown measures put a halt to a number of small wind power projects. As a result of the pandemic, global energy consumption decreased, thereby hampering the growth of the small wind power market. Moreover, the demand for wind turbines used in wind power projects is directly related to wind power projects. Wind turbine sales declined significantly due to the lockdown imposed on the market due to the COVID-19 outbreak. It also led to a decrease in the small wind power market.

Regional Insights

The Asia Pacific region held dominant in the small wind power market in 2021 and is forecast to grow significantly during the forecast period. As a result of various government initiatives in India, China, Malaysia, and Thailand, such as incentives and energy-saving certificates, commercial units are also forecast to adopt power generation from small wind turbines during the forecast period. In developing economies, the active deployment of SWP (Small Wind Power) may prove to be a game-changer for small wind turbines.

Leading Competitors

The leading prominent companies profiled in the global small wind power market are:

• Aeolos Wind Energy
• Bergey Wind Power Co
• City Windmills
• Eocycle Technologies Incorporated
• Northern Power Systems
• Ryse Energy
• SD Wind Energy Limited
• Shanghai Ghrepower Green Energy Co. Limited
• UNITRON Energy Systems Pvt. Limited
• Wind Energy Solutions
• Other Prominent Players

Scope of the Report

The global small wind power market segmentation focuses on Type, Installation Type, Application, and Region.

Segmentation based on Type

• Horizontal Axis Wind Turbine
• Vertical Axis Wind Turbine

Segmentation based on Installation Type

• On-Grid
• Off-Grid

Segmentation based on Application

• Residential
• Commercial
• Utility

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America