Market research Future SMALL WIND POWER ANALYSIS REPORT 2018. | Page 2

Small Wind Power Market Research Report- Forecast to 2023
1 Summary
Small wind turbines are used to power remote or off-grid applications such as homes, farms, refuges or
beacons. On the basis of region, Europe accounted for the largest market share of 41.32% in 2016, with a
market value of USD 1,440.2 million and is projected to grow at CAGR of 13.98% during the forecast
period. The small wind power boom is part of a wider move from fossil fuels to renewable energy, across
the European Union. European governments and the EU, as a whole, have supported small wind projects
with favorable incentives as part of their carbon emission reduction goals. The recorded small wind
capacity, installed in Europe has reached over 272.6 MW by the end of 2015. The United Kingdom heads
the market, with 15% of global installed capacity in 2015.
Key Players:
The key players of global small wind power market are Kingspan Group Plc. (Ireland), Northern Power
Systems Corp. (U.S.), Bergey Wind Power Co. Inc. (U.S.), Ennera Energy and Mobility, S.L. (Spain),
Eocycle Technologies Inc. (Canada), Shanghai Ghrepower Green Energy Co., Ltd (China), Guangzhou
HY Energy Technology Co., Ltd (China), XZERES Wind Corporation (U.S.), Endurance Wind Power Inc.
(Canada), Aeolos Wind Energy Ltd (U.K.), and City Windmills Holdings PLC (U.K.).
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