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Small Wind Turbine Market Trends

Report ID: GMI9080
Published Date: Apr 2024
Report Format: PDF

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Small Wind Turbine Market Trends

Ongoing introduction of next-generation solutions coupled with extensive efforts by major players to develop the performance & efficiency of small turbines, will fuel the business dynamics. Additionally, wind power offers increased efficiency and affordability compared to other alternatives, thereby establishing a strong market presence.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of small wind turbine was reached USD 3.3 billion in 2023 and is anticipated to grow at 13.1% CAGR up to 2032, owing to rising efforts to reduce greenhouse gas emissions along with growing inclination toward the adoption of renewables.

Rooftop solar small wind turbine market is set to grow at 13.5% CAGR from 2024 to 2032, as advances in rooftop turbine technology make these systems more efficient, quieter, and aesthetically appealing.

North America small wind turbine market is projected to surpass USD 1.3 billion by 2032, attributed to supportive government investments and loans to upgrade & develop wind infrastructure along with extensive R&D activities.

Aeolos Wind Energy Ltd, Airturb, Avant Garde Innovations Pvt Ltd, Bergey Windpower, City Windmills, Northern Power Systems, Plugin India, Ryse Energy, SDWE, Senwei Energy, TESUP, TUGE, Unitron Energy, Vestas and Wind Energy Solutions