Strong application scope in Energy Industry will drive the Small Wind Power Market growth till 2025
Small wind turbines comprises a wide range of wind turbines ranging from micro turbines, to residential turbines and mini turbines. The wind turbines used in these end use applications have power ratings ranging from a few watts to thousand watts.
Small wind turbines include wind turbines up to 15 meters in diameter. Although vertical axis wind turbines have witnessed rapid growth in the global small wind power market, most of the small wind turbines are conventional horizontal axis wind turbines.
This increasing demand is attributed to the growing industrialization and increasingly deeper penetration of electricity in unconnected areas. Increasing concerns regarding the adverse environmental effects, price volatilities, and economic costs brought about by the usage of fossil fuels has compelled nations into adopting renewable sources for electricity generation over the past decade.
The global small wind power market has witnessed tremendous opportunities across the globe, owing to increase in awareness among consumers about the use of renewable energy sources.
Based on installation type, the market is bifurcated into on-grid and off-grid. On the basis of application, the market is divided into domestic, small-scale industries, and others.
/Shrikant Gadekar,Simulation Engineer/