Robust economic growth, growing awareness about the advantages of renewable sources of energy creates greater opportunities worldwide for the Small Wind Market.
Portland, OR -- (SBWIRE) -- 07/25/2017 -- Wind turbine, used in wind farms for microgeneration is called a Small Wind turbine. They provide high individual power output. These turbines are a source of clean fuel. Furthermore, they wind power is cost effective and can be constructed on existing ranches. Rising need for renewable sources for generating energy and industrialization has offered a necessary boost to the market worldwide.
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The market for small wind is expanding due to a rapid increase in energy demand. Moreover, growing concerns over the harmful effects of power generated by fossil fuel has contributed to the growth of the market. In addition, robust economic growth, growing awareness about the advantages of renewable sources of energy and emphasis on environmental policies would create greater opportunities worldwide.
The small wind power industry is segmented based on application, type and geography. Types covered in the market research report are horizontal axis wind turbine and vertical axis wind turbine. Applications discussed during the study are on-grid and off-grid. Regions experiencing tremendous growth include North America, Europe, Asia -Pacific and LAMEA.
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The key market players active in the report are Xzeres Wind Corp., ZKEnergy Technology Co., Ltd., Northern Power Systems Inc., Endurance Wind Power Inc., Bergey Wind Power Co., Shanghai Ghrepower Green Energy Co. Ltd. and Kingspan Group Plc.