The global small wind turbine market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). The rising number of wind energy projects is one of the major factors driving the growth of the market small wind turbine market. According to the World Wind Energy Association, 93 gigawatts of new wind turbines were added within the year 2020.
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Some countries set new installation records, including China, the US, and Russia, while most European markets saw only modest growth. The strong growth in the small wind turbine market was witnessed even though many countries reported delays over the past year due to disrupted international supply chains and lack of labor availability. This strong development was achieved despite the pandemic. While COVID-19 appears to be slowing developments in some countries, it has generally not had any negative impact, however, it rather seemed to accelerate the switch to wind and other renewable energies.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Types
· By Grid-Type
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- Northern Power Systems Inc., Bergey Wind Power Co., SD Wind Energy, Xzeres Wind Corp., and Ryse Energy
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominate the market in the base year?
· Which segment and region will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
· Who is the leader in the market?
· How are players addressing challenges to sustain growth?
· Where is the investment opportunity?
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Global Small Wind Turbine Market Report Segment
By Types
· Horizontal Axis Wind Turbine
· Vertical Axis Wind Turbine
By Grid-Type
· On-Grid
· Off-Grid
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
