Small Wind Power Market Is Expected to Reach $17.1 Billion by 2030: Says AMR

Rise in demand for efficient electricity in unconnected areas and favorable government policies drive the growth of the global small wind power market. Based on type, the horizontal axis wind turbine segment contributed to the major share in 2020. Based on region, on the other hand, the market across North America would cite the fastest CAGR by 2030.

/EIN News/ -- Portland, OR, June 27, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global small wind power market was estimated at $7.4 billion in 2020 and is expected to hit $17.1 billion by 2030, registering a CAGR of 8.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Rise in demand for efficient electricity in unconnected areas and favorable government policies drive the growth of the global small wind power market. On the other hand, high initial costs restrain the growth to some extent. However, high-end technological advancements in the small wind power industry are expected to create lucrative opportunities for the key players.

Download Report Sample (345 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/982

Covid-19 Scenario-

• The outbreak of the pandemic gave way to disruptions in the manufacturing of wind turbines, which impacted the global small wind power market negatively, especially during the initial phase.
• Also, the majority of companies witnessed halted operations due to lack of skilled workforce, which declined the demand for small wind turbines. However, the market has already started recovering at a steady pace.

The global small wind power market is analyzed across type, installation type, application, and region. Based on type, the horizontal axis wind turbine segment contributed to more than four-fifths of the total market revenue in 2020, and is projected to lead the trail by 2030. The same segment would also exhibit the fastest CAGR of 8.9% during the forecast period.

Get detailed COVID-19 Impact Analysis on the Small Wind Power Market Request Here

Based on installation type, the on-grid segment contributed to more than two-thirds of the total market revenue in 2020, and is projected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 9.0% during the forecast period.

Based on region, the market across Asia-Pacific held the major share in 2020, garnering nearly two-fifths of the global market. North America, simultaneously, would cite the fastest CAGR of 9.0% throughout the forecast period.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/982

The key market players analyzed in the global small wind power market report include Bergey Wind Power Co., City Windmills, Aeolos Wind Energy Ltd, Wind Energy Solutions, Eocycle Technologies Inc., Northern Power Systems, SD Wind Energy Limited, Shanghai Ghrepower Green Energy Co. Ltd., Ryse Energy, and UNITRON Energy Systems Pvt. Ltd. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:
(Pre-Book Now with 10% Discount)

Offshore Wind Power Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Small Wind Market - Global Opportunities and Industry Forecasts, 2021 - 2030

Wind Tower Market- Global Opportunity Analysis and Industry Forecast, 2022-2029

Offshore Wind Turbine Installation Vessel Market: Global Analysis and Industry Forecast, 2020-2029

Wind Power Converter Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Wind Turbine Shaft Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Wind Electric Power Generation Market: Global Analysis and Industry Forecast, 2022–2029

Marine Wind Turbine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Wind Services Market: Global Opportunity Analysis and Industry Forecast, 2022–2029

Vertical Axis Wind Turbine Market: Global Opportunity Analysis and Industry Forecast, 2022–2029

Offshore Wind Tower Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow us on | Facebook | Twitter | LinkedIn