The global Small Wind Turbines market is valued at 230 million US$ in 2018 is expected to reach 470 million US$ by the end of 2025, growing at a CAGR of 9.7% during 2019-2025.
Los Angeles, CA -- (SBWIRE) -- 02/16/2019 -- A small wind turbine is a wind turbine used for microgeneration, as opposed to large commercial wind turbines, such as those found in wind farms, with greater individual power output.
The market volume of small wind turbines is related to economical and political factors. As there will always be some uncertainties in the global economy in the following years, the growth rate of small wind turbines market might not keep that fast. But it is surely forecasted that the market of small wind turbines is still promising. The significant rise in demand for renewable sources of energy generation coupled with rapid industrialization is a key driving factor boosting the small wind power market world-wide. Furthermore, growing concerns over adverse environmental impacts of power generated through fossil fuel will further result in the adoption of wind power as alternative sources of power as a convenient & cost-effective solution.
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The following manufacturers are covered:
Northern Power Systems
Primus Wind Power
Ghrepower
Ningbo WinPower
Bergey wind power
ZK Energy
Polaris America
Ogin, Inc.
Renewtech
Montanari Energy
Turbina Energy AG
Oulu
Eocycle
HY Energy
S&W Energy Systems
Kliux Energies
Segment by Regions:
North America
Europe
China
Japan
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Segment by Type:
Horizontal axis wind turbine
Vertical axis wind turbine
Segment by Application:
On-Grid
Off-Grid
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