Small Wind Power Market is expected to grow at a CAGR of 14.82% during the forecast period of 2022 to 2030.

Market Research Future (MRFR) has published a cooked research report on the “Global Small Wind Power Market” that contains the information from 2022 to 2030. The small wind power market is expected to register a CAGR of 13.82% during the forecast period.

MRFR recognizes the following companies as the key players in the global small wind power market— SD Wind Energy, Northern Power Systems Inc., City Windmills, Bergey Windpower, Eocycle Technologies Inc., Ennera Energy and Mobility, Aeolos Wind Turbine, Xzeres Wind Corporation, HY Energy Co. Ltd., Shanghai Ghrepower Green Energy Co. Ltd. ZKEnergy Science & Technology Co. Ltd, Unitron Energy Systems Pvt. Ltd. and Ryse Energy.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Small Wind Power Market Research Report

Market Highlights

The global small wind power market is expected to register a CAGR of 14.82% till 2030, and is expected to hit USD 14.80 billion during forecast period.

Small wind power consists of a separate group of devices developed within the wind energy sector. Wind power plants in this category are generally designed for small and individual customers such as households, farms, weather stations, road signalization, and advertising systems. They offer a promising alternative for many remote electrical uses both as stand-alone applications and in combination with other energy conversion technologies such as photovoltaic, small hydro or diesel engines. The small wind power market worldwide is reaching unprecedented heights and driving the global economy towards maximum growth.

Segment Analysis

The global small wind power market is mainly segmented into grid connectivity, axis, and capacity. On the basis of grid connectivity, the market has been sub-segmented into off-grid and on-grid. On the basis of axis, the market has been segmented into horizontal and vertical axis. On the basis of capacity, the small wind power market has been segmented into Up to 2kW, 2kW to 5kW, and 5kW to 10kW.

Regional Analysis

The global small wind power market has been segmented on the basis of region into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

North America is the second-largest market with the USA occupying 75% of the North America small wind power market. The US is the second-largest market in the globe. The impending phase-out of the full value of the U.S. production tax credit (PTC) at the end of 2020 primarily drove investments in wind turbine capacity in 2020, just as previous tax credit reductions led to significant wind capacity additions in 2012 and 2019. Small wind power's influence on Canada's energy mix is also growing. Over the past ten years, Canadian energy from wind power has grown by 20 percent per year. Moreover, in Mexico, the use of small wind turbines is becoming an alternative energy strategy with increasing potential for satisfying in situ electrical demands and is in the development stages to promote social penetration.

As the European energy market grows increasingly reliant on a renewable energy source that is cheap to harness and carbon-emission free, small wind power has gained huge significance in the European markets. The scheme of feed-in tariffs designed to promote the take-up of domestic-scale generation is a major market growth driver in Europe. The U.K. is the major market in Europe occupying 25% of the market. The changes in the Feed-In scheme introduced in the UK, had a huge impact on the market growth during the last years. Apart from the U.K., small wind power in Germany is a growing industry. Due to the low feed-in tariff and high electricity prices in Germany, self-consumption is the key factor for small wind energy projects. France is also investing massively in small wind. Spain and Italy are also major producers of small wind power. Moreover, Spain also has few non-renewable energy resources, which has increased its dependence on small wind energy.

Key Findings of the Study

• The global small wind power market is expected to reach USD 14920.4 million by 2030 at a CAGR of 13.5% during the forecast period.


• The Asia Pacific region accounted for the largest share of 8% in the global market in 2021.


• Based on grid connectivity, the on-grid segment is expected to register a CAGR of 3% during the forecast period.


• Based on axis, the horizontal axis segment accounted for the largest share of 74.6% in the global market in 2021.


• Some of the key players operating in the small wind power market are SD Wind Energy, Northern Power Systems Inc., City Windmills, Bergey Windpower, Eocycle Technologies Inc., Ennera Energy and Mobility, Aeolos Wind Turbine, Xzeres Wind Corporation, HY Energy Co. Ltd., Shanghai Ghrepower Green Energy Co. Ltd. ZKEnergy Science & Technology Co. Ltd, Unitron Energy Systems Pvt. Ltd. and Ryse Energy among others.