Market Highlights
The global small wind power
market is expected to grow at a CAGR of more than 18% during the forecast
period. The global small wind power market has perceived remarkable
opportunities across the world, owing to increase in awareness among consumers
about the use of renewable energy sources. Moreover, increase in demand for
renewable sources for energy generation coupled with rapid industrialization
boost the growth of the global small wind power market. It is expected that the
market is going to witness a significant growth of the global small wind power
market, due to rise in demand for energy and increase in concerns about the environmental
impacts of power generation using fossil fuels. Also, the growing attention of
government agencies through high investments to improve electricity generation
by integrating renewable sources of energy, such as wind energy, has boosted
the global small wind power market growth.
Industry Overview
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 forecasted
to witness a humongous growth during 2016-2023, with a growth rate of more than
18%. The small wind power is segmented into by type, horizontal axis wind
turbine and vertical axis wind turbine, also it is segmented by application as,
on-grid and off-grid.
Industry Segmentation
For the purpose of study,
global small wind power market is segmented by grid connectivity and by axis.
Based on grid connectivity,
the market has been divided into on-grid and off-grid.
Based on axis, the market has
been divided into horizontal axis and vertical axis.
Browse
Complete Research Report @ https://www.marketresearchfuture.com/reports/small-wind-power-market-4568
Key Players
The key players of global
small wind power market are Northern Power Systems Inc. (U.S), Kingspan Group
PLC (Ireland), Xzeres Wind Corporation (U.S), Wind Energy Solutions
(Netherlands), Bergey Windpower Co. Inc. (U.S), Guangzhou HY Energy Technology
Limited Corp. (China), Eocycle Technologies Inc. (Canada), Endurance Wind Power
Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd. (China) and ZKEnergy
Science & Technology Co., Ltd. (China).
Regional Outlook
The small wind power market in
the North-American region is currently leading and is followed by Asia-Pacific
and Europe market. It is expected that North-America will grow at the highest
CAGR, owing to the growing attention of the consumers and government agencies
initiative to promote small wind power in countries such as U.S and Canada,
where there has been a substantial investment towards the growth of
non-conventional electricity generation. These factors will drive the market
for small wind power market in North American region during the forecast
period.
View More Info @ https://reut.rs/2Zn3T64
About Market Research
Future:
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
+1 646 845 9312
No comments:
Post a Comment