Small Wind Market Key Findings by 2031
Small wind are used for microgrneration of electricity as opposed to large commercial wind turbines, like as those found in wind farms. Small wind system used for generation of utility-grade electricity connected to the electric utility are included. Small wind turbines often have passive yaw system as opposed to active ones.
MARKET SCOPE
The "Global Small Wind Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Small wind market with detailed market segmentation by Small wind market. The global Small wind market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Small wind market players and offers key trends and opportunities in the market.
MARKET DYNAMICS
The Global Small Wind market is expected to grow during forecast period. The small wind market is in a declining phase and it is expected to decline at a CAGR of 1.4% during the forecast period of 2021-2031. Factors like, rising environmental concerns and demand from off-grid applications are expected to grow the market. Advance Technology leading to wind turbine manufacturing cost reduction and increase in the efficiency have been a major factor for the growth of the small wind market.
MARKET SEGMENTATION
The Global Small Wind market has been segmented into Type, Application and others. By Type consist of Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine. By Application consist of On-Grid and Off-Grid. By other consist of Regions.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Small wind market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Small Wind market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Small Wind market in these regions.
COVID-19 IMPACT ON THE MARKET
Covid-19 pandemic has adversely affected the growth of the market sue to a decrease in energy consumption in countries around the world. The slowdown in the economic growth of almost all major economies and disruption of the supply chain. It also effects of the materials export and import, which are used in making low voltage cables equipment's in the market. Factors such as raising environmental concerns and demand from off-grid applications are expected to drive the market.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Small wind market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Small Wind market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Small Wind market in these regions.
COVID-19 IMPACT ON THE MARKET
Covid-19 pandemic has adversely affected the growth of the market sue to a decrease in energy consumption in countries around the world. The slowdown in the economic growth of almost all major economies and disruption of the supply chain. It also effects of the materials export and import, which are used in making low voltage cables equipment's in the market. Factors such as raising environmental concerns and demand from off-grid applications are expected to drive the market.
MARKET PLAYERS
The report covers vital developments in the Small Wind Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Small Wind Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Small wind market in the global market. Below mentioned is the list of a few companies engaged in the Small Wind Market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Small wind market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Aeolos Wind Energy Ltd.
- Bergey Wind Power Co.
- City Windmills Holdings PLC.
- Fortis Wind
- SD Wind Energy
- Kliux Energies
- Northern Power System Inc.
- Shanghai Ghrepower Green Energy Co. Ltd.
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Small Wind Market - By Type
1.3.2Small Wind Market - By Application
1.3.3Small Wind Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SMALL WIND MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.SMALL WIND MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.SMALL WIND MARKET - GLOBAL MARKET ANALYSIS
6.1.SMALL WIND - GLOBAL MARKET OVERVIEW
6.2.SMALL WIND - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SMALL WIND MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.HORIZONTAL AXIS WIND TURBINE
7.3.1.Overview
7.3.2.Horizontal Axis Wind Turbine Market Forecast and Analysis
7.4.VERTICAL AXIS WIND TURBINE
7.4.1.Overview
7.4.2.Vertical Axis Wind Turbine Market Forecast and Analysis
8.SMALL WIND MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.ON-GRID
8.3.1.Overview
8.3.2.On-Grid Market Forecast and Analysis
8.4.OFF-GRID
8.4.1.Overview
8.4.2.Off-Grid Market Forecast and Analysis
9.SMALL WIND MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Small Wind Market Overview
9.1.2North America Small Wind Market Forecasts and Analysis
9.1.3North America Small Wind Market Forecasts and Analysis - By Type
9.1.4North America Small Wind Market Forecasts and Analysis - By Application
9.1.5North America Small Wind Market Forecasts and Analysis - By Countries
9.1.5.1United States Small Wind Market
9.1.5.1.1United States Small Wind Market by Type
9.1.5.1.2United States Small Wind Market by Application
9.1.5.2Canada Small Wind Market
9.1.5.2.1Canada Small Wind Market by Type
9.1.5.2.2Canada Small Wind Market by Application
9.1.5.3Mexico Small Wind Market
9.1.5.3.1Mexico Small Wind Market by Type
9.1.5.3.2Mexico Small Wind Market by Application
9.2.EUROPE
9.2.1Europe Small Wind Market Overview
9.2.2Europe Small Wind Market Forecasts and Analysis
9.2.3Europe Small Wind Market Forecasts and Analysis - By Type
9.2.4Europe Small Wind Market Forecasts and Analysis - By Application
9.2.5Europe Small Wind Market Forecasts and Analysis - By Countries
9.2.5.1Germany Small Wind Market
9.2.5.1.1Germany Small Wind Market by Type
9.2.5.1.2Germany Small Wind Market by Application
9.2.5.2France Small Wind Market
9.2.5.2.1France Small Wind Market by Type
9.2.5.2.2France Small Wind Market by Application
9.2.5.3Italy Small Wind Market
9.2.5.3.1Italy Small Wind Market by Type
9.2.5.3.2Italy Small Wind Market by Application
9.2.5.4Spain Small Wind Market
9.2.5.4.1Spain Small Wind Market by Type
9.2.5.4.2Spain Small Wind Market by Application
9.2.5.5United Kingdom Small Wind Market
9.2.5.5.1United Kingdom Small Wind Market by Type
9.2.5.5.2United Kingdom Small Wind Market by Application
9.2.5.6Russia Small Wind Market
9.2.5.6.1Russia Small Wind Market by Type
9.2.5.6.2Russia Small Wind Market by Application
9.2.5.7Rest of Europe Small Wind Market
9.2.5.7.1Rest of Europe Small Wind Market by Type
9.2.5.7.2Rest of Europe Small Wind Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Small Wind Market Overview
9.3.2Asia-Pacific Small Wind Market Forecasts and Analysis
9.3.3Asia-Pacific Small Wind Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Small Wind Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Small Wind Market Forecasts and Analysis - By Countries
9.3.5.1Australia Small Wind Market
9.3.5.1.1Australia Small Wind Market by Type
9.3.5.1.2Australia Small Wind Market by Application
9.3.5.2China Small Wind Market
9.3.5.2.1China Small Wind Market by Type
9.3.5.2.2China Small Wind Market by Application
9.3.5.3India Small Wind Market
9.3.5.3.1India Small Wind Market by Type
9.3.5.3.2India Small Wind Market by Application
9.3.5.4Japan Small Wind Market
9.3.5.4.1Japan Small Wind Market by Type
9.3.5.4.2Japan Small Wind Market by Application
9.3.5.5South Korea Small Wind Market
9.3.5.5.1South Korea Small Wind Market by Type
9.3.5.5.2South Korea Small Wind Market by Application
9.3.5.6Rest of Asia-Pacific Small Wind Market
9.3.5.6.1Rest of Asia-Pacific Small Wind Market by Type
9.3.5.6.2Rest of Asia-Pacific Small Wind Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Small Wind Market Overview
9.4.2Middle East and Africa Small Wind Market Forecasts and Analysis
9.4.3Middle East and Africa Small Wind Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Small Wind Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Small Wind Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Small Wind Market
9.4.5.1.1South Africa Small Wind Market by Type
9.4.5.1.2South Africa Small Wind Market by Application
9.4.5.2Saudi Arabia Small Wind Market
9.4.5.2.1Saudi Arabia Small Wind Market by Type
9.4.5.2.2Saudi Arabia Small Wind Market by Application
9.4.5.3U.A.E Small Wind Market
9.4.5.3.1U.A.E Small Wind Market by Type
9.4.5.3.2U.A.E Small Wind Market by Application
9.4.5.4Rest of Middle East and Africa Small Wind Market
9.4.5.4.1Rest of Middle East and Africa Small Wind Market by Type
9.4.5.4.2Rest of Middle East and Africa Small Wind Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Small Wind Market Overview
9.5.2South and Central America Small Wind Market Forecasts and Analysis
9.5.3South and Central America Small Wind Market Forecasts and Analysis - By Type
9.5.4South and Central America Small Wind Market Forecasts and Analysis - By Application
9.5.5South and Central America Small Wind Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Small Wind Market
9.5.5.1.1Brazil Small Wind Market by Type
9.5.5.1.2Brazil Small Wind Market by Application
9.5.5.2Rest of South and Central America Small Wind Market
9.5.5.2.1Rest of South and Central America Small Wind Market by Type
9.5.5.2.2Rest of South and Central America Small Wind Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.SMALL WIND MARKET, KEY COMPANY PROFILES
11.1.AEOLOS WIND ENERGY LTD.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BERGEY WIND POWER CO.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CITY WINDMILLS HOLDINGS PLC.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.FORTIS WIND
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.SD WIND ENERGY
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.KLIUX ENERGIES
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.NORTHERN POWER SYSTEM INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SHANGHAI GHREPOWER GREEN ENERGY CO. LTD.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.Aeolos Wind Energy Ltd.
2.Bergey Wind Power Co.
3.City Windmills Holdings PLC.
4.Fortis Wind
5.SD Wind Energy
6.Kliux Energies
7.Northern Power System Inc.
8.Shanghai Ghrepower Green Energy Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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