Expanding Distributed and Off-Grid Energy Applications is anticipated to open up new avenue for Emea Small Wind Turbines Market

Expanding Distributed and Off-Grid Energy Applications is anticipated to open up new avenue for Emea Small Wind Turbines Market

 Market Overview:

Small wind turbines are wind turbines used to provide energy to homes, telecommunication dishes, and independent water pumping. These turbines range from 400 watts to 100 kW of power with blades up to 20 feet. They are used in both on-grid and off-grid applications to generate clean and renewable power. With increasing distributed energy needs and focus on rural electrification, small wind turbines play a critical role in supplying electricity to households and small communities.

Market Dynamics:
The Emea small wind turbines market is driven by the growing development of distributed renewable energy infrastructure and off-grid applications across Europe, Middle East and Africa. Rising electrification of rural areas and islands where conventional grid connectivity is difficult has increased the adoption of small wind energy systems. According to the International Renewable Energy Agency, around 759 million people lacked access to electricity in 2020, with sub-Saharan Africa accounting for over two-thirds of the global unelectrified population. Growing focus of governments as well as international organizations on providing universal energy access will drive the demand for decentralized renewable solutions including small wind turbines in the forecast period. Moreover, declining installation and maintenance costs of wind turbines along with various incentive schemes offered by governments to promote clean energy adoption will further propel the small wind turbines market in the coming years.

Segment Analysis
The Emea small wind turbines market is dominanted by the residential and commercial segments. The residential segment accounts for over 50% share of the market owing to growing adoption of small wind turbines to power homes in remote areas having poor grid infrastructure. The commercial segment is also gaining traction as small wind turbines are increasingly used to generate green power for off-grid commercial establishments like farms, restaurants etc.

PEST Analysis
Political: Supportive policies and regulatory framedworks around renewable energy adoption have encouraged installations of small wind turbines in the region.

Economic: Declining costs of renewable energy technologies and availability of subsidies are driving the small wind turbines market in the region.

Social: Growing environmental concerns and need for decentralized power generation are key social factors propelling the market.

Technological: Advancements in aerodynamic designs, lightweight materials and power electronics have enhanced efficiencies of small wind turbines.

Key Takeaways
The Emea Small Wind Turbines Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period 2023 to 2030, due to increasing demand for decentralized renewable power sources. The market size for 2023 is estimated at US$ 55025.34 Mn.

Western Europe dominates currently due to supportive regulatory schemes and high renewable energy targets in countries like Germany, UK, France etc. However, Central and Eastern Europe is expected to emerge as the fastest growing regional market.

Key players operating in the Emea small wind turbines market are 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.

Get more insights on this topic:

https://www.pressreleasebulletin.com/emea-small-wind-turbines-market-size-and-share/