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MarketersMEDIA / Newsroom / Global Small Wind Market is expected to reach $2,712.15 million by 2027 growing at a CAGR 16.0% during 2018 to 2027.

Global Small Wind Market is expected to reach $2,712.15 million by 2027 growing at a CAGR 16.0% during 2018 to 2027.

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Some of the key players profiled in the Small Wind include Northern Power Systems Inc, Superwind, Wind Energy Solutions, Xzeres Wind Corporation, Bergey WindPower Co, and Kingspan Environment.

— The growth of the market is mainly attributed by rising demand for renewable sources for energy generation and rapidly growing industrialization has played a major part in driving the market growth. However, increasing popularity of solar energy is perceived as threat to wind energy owing to its competitive pricing and easy availability of components.

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Small wind turbines for residential scale are widely available for the installation in the market. The turbine blades are usually 1.5 to 3.5 metres in diameter and generate 1-10kw of power in their optimal wind speed. A small wind system can be connected to the electric grid through the power provider or it can stand alone (off-grid). This makes small wind electric systems a good choice for rural areas that are not already connected to the electric grid. A wind electric system is made up of a wind turbine mounted on a tower to provide better access to stronger winds. In addition to the turbine and tower, small wind electric systems also require balance-of-system components.

Based on type, the vertical axis wind turbine is likely to have a huge demand in the in the small wind market owing to affordable pricing coupled with numerous environmental benefits offered by the design.

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By geography, Europe is likely to have a huge demand owing to numerous manufacturers establishing their companies along with production facilities in Germany and UK to capitalize the current boom in the industry as well as leverage their positions to become market leaders.

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Types Covered:
• Vertical Axis Wind Turbine
• Horizontal Axis Wind Turbine

Applications Covered:
• Off-Grid
• On-Grid

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-small-wind-market-is-expected-to-reach-271215-million-by-2027-growing-at-a-cagr-160-during-2018-to-2027/88946700

Source: MarketersMedia

Release ID: 88946700

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