Small Wind Power Market by Grid Connectivity, By Axis (Horizontal Axis and Vertical Axis) by Region (Americas, Europe, Asia Pacific and Middle East & Africa) - Global Forecast to 2023.
Pune, India -- (SBWIRE) -- 09/06/2018 -- Market Highlights:-
Small wind power are steady and are of faster speeds resulting in higher & reliable energy generation. The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources. However, inconsistent yielding of constant power output can hinder the small wind power market.
The global small wind power market is expected to grow at a CAGR of more than 18% during the forecast period.
Small Wind Power is generated with the wind turbines that are smaller up to 10 meters rotor diameter and 30 feet tall & gives the output of rated power up to 20 kW at 11 m/s, or 25 mph. When the surface of the earth gets heated up due to the shining Sun, these small wind turbines use this asymmetrical heat and convert the kinetic energy in winds that whirls the blades of wind mill/ turbine, a rotor captures the kinetic energy of the wind and converts it into rotating motion to drive the generator.
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Industry/ Innovation/ Related News
December 07, 2017 - During the Intersolar India Exhibition and Conference at the Bombay Exhibition Centre, Mumbai, revealed were the India's planned growth in to the field of renewable energy stating that the India is at the vanguard of the world's rapid transformation to smart energy. The Ministry of New and Renewable Energy is driving clean energy at an unprecedented rate, while India's energy consumption is set to double over the next 6-7 years. The Government of India has set itself a highly ambitious task of having installed 175 GW of green energy by 2022. The target includes 60 GW from wind and 100 GW from solar, whereas the latter is split into 60 GW ground-mounted and 40 GW of rooftop. This news further estimates the growth of small wind power market in India
November 20, 2017 – CGE Energy (US) unveiled its WIND-e20 by making further advancements in multiple aspects of the development of their flagship, a vertical-axis wind turbine. The 105-foot WIND-e20 generates clean power on-site and is the world's only turbine that can be installed, maintained and removed without a crane and its blades even collapse in storms all feats that help clear barriers for sustainable energy. The proposed legislation would reinstate the renewable energy tax credit for small wind energy projects, proposed tax reform legislation were released just earlier Nov.2017 providing for massive alterations to tax law.
Top Key Players:-
The key players of global small wind power market are Kingspan Group Plc. (Ireland), Northern Power Systems Corp. (U.S.), Bergey Wind Power Co. Inc. (U.S.), Ennera Energy and Mobility, S.L. (Spain), Eocycle Technologies Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd (China), Guangzhou HY Energy Technology Co., Ltd (China), XZERES Wind Corporation (U.S.), Endurance Wind Power Inc. (Canada), Aeolos Wind Energy Ltd (U.K.), and City Windmills Holdings PLC (U.K.).
Small Wind Power Market - Regional Analysis
Based on axis, horizontal axis accounted for the largest market share of 65.07% in 2016, with a market value of USD 2,267.9 million and is projected to grow at a CAGR of 13.03% during the forecast period. Vertical axis was the second-largest market in 2016, valued at USD 1,217.5 million. Vertical axis turbines are powered by wind coming from all 360 degrees, and even some turbines are powered when the wind blows from top to bottom. Thus, Vertical axis wind turbines are ideal for installations where wind conditions are not consistent, or due to public ordinances the turbine cannot be placed high enough to benefit from steady wind. Vertical wind turbines were applied for urban and low noise area.
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Major Points From TOC:-
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
4.1 Introduction 23
4.2 Drivers 24
4.2.1 Rising Investment Into Development Of Clean Energy 24
4.2.2 Favourable Government Initiatives And Policies 25
4.2.3 Adoption Of Small Winds In Several Commercial Applications & Rural Households 26
4.3 Restraint 27
4.3.1 High Initial Cost 27
4.4 Opportunity 28
4.5 Challenge 28
4.5.1 Fluctuation In Raw Material Prices 28
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5 Market Factor Analysis
5.1 Porter's Five Forces Analysis 30
5.1.1 Threat Of New Entrants 30
5.1.2 Bargaining Power Of Suppliers 30
5.1.3 Threat Of Substitutes 30
5.1.4 Bargaining Power Of Buyers 31
5.1.5 Rivalry 31
5.2 Supply Chain Analysis 31