Small Wind Turbine Market Size - By Axis (Horizontal (HAWTs), Vertical (VAWTs)), By Installation (Rooftop, Standalone), By Capacity (< 3 kW, 3 to 10 kW, > 10 to 50 kW, > 50 to 100 kW), By Application (Residential, Commercial), & Forecast, 2024 – 2032

Small Wind Turbine Market

Small Wind Turbine Market was valued at USD 3.3 billion in 2023 and is anticipated to grow at a CAGR of over 13.1% between 2024 to 2032. Rising efforts to reduce greenhouse gas emissions along with growing inclination toward the adoption of renewables will drive the business scenario. For instance, in March 2024, the EU targets to reduce 55% greenhouse gas emissions by 2030 compared to 1990 levels. Furthermore, accelerated electrification across the developing economies along with shifting consumer focus to reduce the dependency on conventional power sources will positively influence the market statistics.
 

Ongoing developments to improve systems offering lower component costs and enhanced suitability for adverse environments will sway the business trends. Substitution of high-cost materials with low-cost materials, such as nickel and aluminum along with incentivization of the economies of scale will augment the market landscape. Moreover, surging demand to provide enhanced energy security has led to increased investments in wind power plants, thereby strengthening the product demand.
 

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.
 

Small Wind Turbine Market Analysis

Based on installation, the rooftop solar segment is set to grow at a CAGR of more than 13.5% through 2032. Rooftop wind turbines offer the capability to take advantage of the high altitude winds, a pathway to energy independence for homeowners, businesses, and communities by allowing them to generate their own electricity on-site, thereby augmenting the business landscape. Moreover, advances in rooftop turbine technology make these systems more efficient, quieter, and aesthetically appealing, which will foster the product demand.
 

Based on axis, the horizontal segment is projected to reach over USD 9.4 billion by 2032. Major manufacturers across the globe are focused on developing effective turbine solutions and delivering optimized & standardized products equipped with enhanced efficiencies, environmental compatibility, power output, and effective thermodynamic cycles, which will positively impact the business scenario. Ongoing upgrades & variations in OWTs owing to continuous improvements in foundation designs, wind turbine blades, and rotation technologies will complement the industry potential.
 

> 10 to 50 kW small wind turbine witnessed a market share of over 52% in 2023. Surging demand for clean electricity generation across remote locations along with the increasing regulatory support for rural electrification will propel the product adoption. Rising deployment of wind power across residential buildings coupled with the increasing shift of consumers to adopt reliable & off-grid power across homes, communities, and farms will fuel business trends.
 

Increased awareness of renewable energy and its benefits has prompted homeowners to seek alternative energy sources, along with advances in small wind turbine technology will make them more efficient, quiet, and aesthetically pleasing, thereby enhancing the market landscape. The turbines further offer a way to achiever a degree of energy independence. Additionally, more compact designs, will enable homeowners across the urban and suburban areas to installing small wind turbines on their properties, enabling enhanced product demand.
 

North America small wind turbine market is estimated to cross USD 1.3 billion by 2032. Supportive government investments and loans to upgrade & develop wind infrastructure along with extensive R&D activities will drive business dynamics across the region. Increasing private-public partnerships to establish a robust wind energy network to bring in a clean energy transition will complement the business statistics.
 

Growing adoption of reliable energy to improve the overall power output and decrease the electricity bills will positively drive the business growth across the U.S. Ongoing supportive government incentives & norms along with introduction of various electrification programs will stimulate the business statistics.
 

Small Wind Turbine Market Share

Aeolos Wind Energy Ltd, Avant Garde Innovations Pvt Ltd, Ryse Energy, SDWE, City Windmills and Northern Power Systems are some major market players. Pooling available resources and expertise, enable collaborators to accelerate the development of next-generation small wind turbine technologies, making them more efficient, reliable, and cost-effective. Moreover, long-term supply agreements provide stability and predictability for manufacturers, allowing them to manage inventory, reduce costs, and maintain product quality.
 

Small Wind Turbine Market Companies

Major key players operating across the small wind turbine industry include:

• 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
• Wind Energy Solutions
   

Small Wind Turbine Industry News

• In May 2023, WR (Western Railways) installed mini windmills near Khar and Naigaon railway stations in India. The turbine blades rotate when train passes through them while producing electricity between 1kW to 10kW. They decided to install such windmills at more locations after its successful result. Thereby, this green energy will be transmitted to main grid and will boost the product adoption across the region.
   
• In April 2023, Airturb, a Netherlands company, developed a 500 W hybrid wind-solar power system for rooftop and off grid applications. The system comprises of small vertical axis wind turbine with helical Savonius shape and 30 W solar panels. Therefore, the rollout of the new product expanded its product portfolio and reinforced the company’s position across the industry.
   

This small wind turbine market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘MW & USD Million’ from 2021 to 2032, for the following segments:

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Market, By Axis

• Horizontal (HAWTs)
• Vertical (VAWTs)

Market, By Installation

• Rooftop
• Standalone

Market, By Capacity

• < 3 kW
• 3 to 10 kW
• > 10 to 50 kW
• > 50 to 100 kW

Market, By Application

• Residential
• Commercial

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • UK
  • Ireland
  • Germany
  • Denmark
  • France
  • Netherlands
  • Belgium
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Vietnam
  • Taiwan
• Middle East & Africa
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Chile
  • Argentina