Small Wind Power Market Updates

Global Small Wind Power Market size was valued at USD 6.2 billion in 2023 and is poised to grow from USD 7.12 billion in 2024 to USD 21.64 billion by 2032, growing at a CAGR of 14.9% during the forecast period (2025-2032).

The global small wind power market is primarily fragmented, with a multitude of players competing for market share across various regions and applications. Key players include Northern Power Systems and Bergey WindPower, known for their good small wind turbine solutions. Other outstanding competitors such as XZERES Wind, Kingspan Wind, and Fortis Wind Energy cater to specific segment markets with diverse product offerings. Emerging players like Eocycle and Ampair are gaining a grip on advanced technologies, contributing to the market's dynamic and competitive landscape. 'Bergey Windpower Co. (United States) ', 'SD Wind Energy (United Kingdom) ', 'Aeolos Wind Energy Ltd. (United Kingdom) ', 'Ryse Energy (United Arab Emirates) ', 'Northern Power Systems Inc. (United States) ', 'City Windmills Holdings PLC (United Kingdom) ', 'Wind Energy Solutions (Netherlands) ', 'UNITRON Energy Systems Pvt. Ltd. (India) ', 'Shanghai Ghrepower Green Energy Co. Ltd. (China) ', 'TUGE Energia OU (Estonia) ', 'Envergate Energy AG (Switzerland) ', 'Kingspan Group (Ireland) ', 'Kliux Energies (Spain) ', 'Superwind GmbH (Germany) ', 'Eocycle Technologies Inc. (Canada) ', 'XZERES Corp. (United States) ', 'Sinovel Wind Group Co., Ltd. (China) ', 'New World Wind (France)', 'In November 2023, a US start-up, supported by Bill Gates and led by a former Google executive, is introducing a new technology for large-scale wind generation called 'tracks and wings.' This innovative technology is claimed to significantly reduce costs compared to traditional turbines. The company recently secured $4 million in seed funding, with Breakthrough Energy Ventures, a fund established by Bill Gates, leading the investment to support promising energy technologies. AirLoom, the company behind this new technology, states that it can achieve a levelized cost of energy as low as $0.013 per kilowatt-hour (kWh) and a site capital expenditure (Capex) of approximately $0.21 per watt (W). For example, this translates to under $6 million for a 20-megawatt (MW) wind farm. AirLoom estimates that this cost is around one-fourth of the expense associated with current wind turbine technology.', 'In July 2023, Toshiba and General Electric (GE) announced plans to establish a domestic supply chain for offshore wind power equipment. This collaboration aligns with Japan's increased focus on expanding renewable energy sources and reaching its zero-carbon objectives. As part of the partnership, GE will produce 134 wind turbines, each capable of generating 13 megawatts (MW), for three offshore wind projects won by Mitsubishi-led consortiums in the initial round. Toshiba will oversee the assembly process, as confirmed by the Japan Wind Power Association.', 'In August 2023, Mukesh Ambani, Chairman, and Managing Director of Reliance Industries Ltd (RIL), announced his ambitious plans for a new energy business which included setting up a battery GIGA factory, a Green Hydrogen production facility and larger scale power generation through solar and wind power.', 'In January 2024, The US-based startup IdentiFlight employs a combination of AI, machine learning (ML), and high-precision optics to protect birds from collisions with wind turbines. Their proprietary machine vision technology can detect birds from up to a kilometer away in real time. The system uses a convolutional neural network to gather data and train its bird detection system. IdentiFlight's optical technology includes wide field of view (WFOV) and high-resolution stereoscopic (HRSC) cameras, which enable it to accurately detect birds and prevent collisions with turbine blades. By doing so, the startup's bird detection system helps minimize costly interruptions during turbine operations, ultimately benefiting both the environment and wind energy operators.'

The commercial sector is expected to drive the demand for small wind systems as infrastructure expands rapidly and industrialization grows. This increased production of goods and services across industries is driving up the electricity demand, leading to greater adoption of small wind systems as a sustainable and eco-friendly energy solution.

Cost-effectiveness and Environment-friendly Features: A small wind power system is a cost-effective renewable energy solution suitable for home use, producing zero emissions and pollution. However, it requires specific conditions to function effectively, such as ample wind, sufficient space, and permission to install tall towers in rural areas or neighborhoods. According to the Department of Energy in the United States, small wind systems can reduce electricity bills by 50% to 90% and are useful for various applications like water pumping on farms and ranches. Wind turbines do not produce atmospheric emissions that contribute to smog, greenhouse gases, or acid rain. Building wind turbines on existing farms can generate profits and support rural economies. Farmers and ranchers can continue their agricultural activities while earning additional income by leasing land for wind power plants.

The dominating region in the global small wind power market is Europe, which holds a significant market share. Germany and the UK are the major contributors to economic growth in the solar and wind power sectors. Europe led the global demand for small wind power in 2023 with a revenue share of 44.0%. For instance, in 2021, Engie partnered with Eocycle to offer a range of sustainable energy solutions in Belgium, including small wind turbines.