From being an emerging fuel source twenty years ago, wind energy has transformed into a commercial generating technology in over 70 countries, with more effective and more reliable equipment and machinery. The global wind energy annual installation has increased at a CAGR of 21.3% from 6,652 MW in 2001 to 37,698 MW in 2010. Wind power will soon become an important player in the global energy market, with the growing equipment market creating a large number of jobs.
The small wind power’s share in the total global wind power in the year 2010 is around 0.14%. With the increasing government incentives in various countries and increasing end user awareness, the share of small wind power is expected to increase to 0.48% by the year 2020. There are significant developments in small wind turbine market in developed and developing countries. The UK has witnessed a Compounded Annual Growth Rate (CAGR) of over 65.3% during the period 2006-2010 and China has witnessed a CAGR of 29.8% during the period 2006-2010.
The global small (less than 100kW) wind turbine market has increased from 105.9 MW in 2006 to 275.8 MW in 2010 at a CAGR of 27.0%. Small wind turbines are used for battery charging, residential purposes, irrigational purposes and small industrial and commercial purposes.
The global small wind turbine market has increased from a cumulative installed capacity of 105.9 MW in 2006 to 275.8 MW in 2010 at a CAGR of 27.0%. The global small wind turbine market is expected to increase from 275.8 MW in 2010 to 3,726.5 MW by 2020 at a CAGR of 29.7%.
The small wind market is mainly present in few countries and around 68% of the total small wind installed capacity is installed in three countries namely the US, the UK and Canada. All the top-tier small wind turbine manufacturers are also concentrated in the three countries.
Small Wind Turbines (less than 100kW) – Global Market Size, Analysis by Power Range, Regulations and Competitive Landscape to 2020 is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Global Small Wind Turbine market. The research provides an understanding of the technology, key drivers, restraints and market trends in the global small wind turbine market. It also provides historical and forecast data to 2020 for installed capacity and power generation. The report details the cost analysis and product information of major turbine manufacturers in the global small wind turbine market. The report analyses small wind initiatives with policy framework in key countries such as the US, Canada, the UK and emerging countries such as Denmark, Germany, Spain, China and India