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Global Small Wind Data 2025, Forecast To 2034

11 Mar, 2025

What Is The Current and Historic Market Size Analysis Of The Small Wind Market?

The small wind market has seen considerable growth due to a variety of factors.
• The size of the small wind market has seen a swift expansion over the past few years. A leap from $1.3 billion in 2024 to $1.44 billion in 2025 is expected, demonstrating a compound annual growth rate (CAGR) of 10.9%.
The surge during the historical period can be credited to factors such as lowering turbine costs, government initiatives, increasing power demand, growing environmental consciousness, requirements for off-grid electrification, and the drive for incorporating renewable energy.

What are the Market Size and Expected Growth Rates for the Small Wind Market?

The small wind market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the small wind market size is projected to experience swift expansion. The market is expected to amplify to $2.16 billion by 2029, with a compound annual growth rate (CAGR) of 10.7%.
The anticipated growth during the forecast period can be linked to improving grid connectivity, increasing efficiency of vertical axis turbines, developments in renewable energy policies, escalating urban energy self-reliance, an upsurge in the adoption of smart grid technology, and relentless efforts to mitigate climate change. Key trends in the forecast period comprise of technological advancements in turbine design, progress in blade design, materials, and control systems, the incorporation of wind-solar hybrid systems, ground-breaking ideas in hybrid wind-solar setups, and product advancements.

Which Key Drivers Are Propelling The Small Wind Market's Growth?

The small wind market's expansion is anticipated to be driven by the escalating requirements for electricity. The electric charge flow that powers equipment and machinery, generally via wires, is referred to as electricity. The growing demand for electricity is attributed to population expansion, industrial development, and the widespread implementation of technology and electric vehicles. Small wind turbines present an economical and sustainable option for generating electricity, particularly in optimal wind conditions. They aid in diminishing the carbon footprint and mitigating the ecological impact linked to traditional energy sources. For instance, in July 2024, as per the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, the global electricity requirement is expected to ascend by approximately 4% in 2024, a rise from 2.5% in 2023. In addition, the proportion of renewable electricity in the global supply is projected to swiftly augment from 30% in 2023 to 35% by 2025. Thus, the small wind market is expected to experience significant growth as a result of the expanding demand for electricity.

What Are The Key Segments Within The Global Small Wind Market?

The small wind market covered in this report is segmented –
1) By Type: Horizontal Axis Wind Turbine, Vertical Axis Wind Turbine
2) By Installation: Off-Grid, On-Grid
3) By Application: Commercial, Residential, Utilities Subsegments:
1) By Horizontal Axis Wind Turbine: Upwind Horizontal Axis Wind Turbines, Downwind Horizontal Axis Wind Turbines, Grid-Connected Horizontal Axis Wind Turbines, Off-Grid Horizontal Axis Wind Turbines
2) By Vertical Axis Wind Turbine: Darrieus Vertical Axis Wind Turbines, Savonius Vertical Axis Wind Turbines, Hybrid Vertical Axis Wind Turbines, Small-Scale Vertical Axis Wind Turbines

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How Are New Trends Impacting The Size Of The Small Wind Market?

Leading organizations in the small wind market are intent on creating micro-wind turbines using Aeroleaf Hybrid technology, aimed at optimizing energy efficiency and low-speed wind energy capture. This technology also incorporates advanced materials and design elements, which contribute to improved performance and aesthetic in urban and residential settings. Aeroleaf Hybrid technology specifically, is an innovative wind turbine technology engineered to optimise energy production in conditions with low wind speed. It merges vertical axis wind turbines (VAWTs) with aerodynamic features for increased efficiency. As an illustration, in January 2024, New World Wind, a French energy company constructed the "WindTree", a structure resembling a tree and fitted with Aeroleaf Hybrid micro-wind turbines. This steel structure varies in height from 5 to 33 feet (1.5 to 10 meters) and subscribes to a self-consumption energy model, providing energy directly to a building's existing electrical system.

Who Are the Key Players In The Small Wind Market?

Major companies operating in the small wind market are:
• SMA Solar Technology AG
• Suzlon Energy Ltd.
• AeroVironment Inc.
• China Ming Yang Wind Power Group
• Inox Wind Limited
• Bramble Energy
• Eocycle Technologies Inc.
• Intertek Group PLC
• Halo Energy LLC
• Kestrel Renewable Energy
• Marlec Engineering Co. Ltd.
• Leviathan Energy LLC
• Foshan Ouyad Electronic Co. Ltd.
• Aeronautica Windpower LLC
• Pacific Sky Power
• Leosphere
• Ryse Energy
• Fortis Wind Energy
• HY Energy Co. Ltd.
• Dong Energy
• New Dawn Energy

What Are The Regional Insights Into The Small Wind Market?

Europe was the largest region in the small wind market in 2024. The regions covered in the small wind market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.