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Small Wind Turbines are Fastest Growing Segment Fueling Growth of the Emea Small Wind Turbines Market

Small Wind Turbines are Fastest Growing Segment Fueling Growth of the Emea Small Wind Turbines Market

The global Emea Small Wind Turbines Market is estimated to be valued at US$ 55025.34 Th in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Small wind turbines produce electricity from ambient wind flow and are installed on residential and commercial buildings for on-site power production. They are advantageous as they generate clean energy without producing carbon emissions or other pollutants. They provide an alternative source of power at locations without access to power grids.

Market key trends:

One of the key trends fueling the growth of the Emea small wind turbines market is the increasing focus on decentralized power generation. Governments across the region are implementing policies to promote distributed energy resources and off-grid power systems. They provide subsidies and incentives for small renewable projects. This encourages residential and commercial establishments to adopt small wind turbines. Additionally, rapid technological advancements have led to the development of more efficient and cost-effective small turbines. Advances in power electronics and alternate designs are improving turbine performance. This is making small wind energy more viable and competitive compared to diesel generators or grid extension.

Segment Analysis

The EMEA small wind turbines market is dominated by roof-mounted turbines which account for over 55% of market share. Roof-mounted turbines offer advantages such as ease of installation on buildings and homes without requiring additional space. They are well-suited for residential and commercial properties looking to harness wind energy on site. Blade-mounted turbines form the second largest segment and are ideal for agricultural applications due to their ability to be mounted on poles or structures. However, their share is declining marginally owing to the growing popularity of less intrusive roof-mounted models.

Key Takeaways

Market size: The Global EMEA Small Wind Turbines Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing awareness about renewable energy sources and supportive government policies and incentives for small wind installations.

Regional analysis

The UK region currently dominates the EMEA small wind turbines market, accounting for over 30% share due to favorable wind conditions and strong government support mechanisms for renewable energy. Germany follows in the second position on back of growing decentralized power generation trend. Meanwhile, the Nordic countries are emerging as fast-growing regional markets.

Key players

Key players operating in the EMEA small wind turbines market include Aeolos Wind Energy Ltd, BORNAY, Braun Windturbinen GmbH, Britwind, EasyWind GmbH, Endurance Wind Power, ENESSERE S.r.l., Fortis Wind BV, iQron GmbH, PSW-Energiesysteme GmbH, Ryse Energy, SD Wind Energy Limited, TUGE Energia, Wind Energy Solutions B.V., and XZERES Wind Europe Ltd. These prominent manufacturers are focusing on new product launches and partnerships to strengthen their market position.

Read more: https://www.ukwebwire.com/emea-small-wind-turbines-market-size-trends/

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