Market research Future SMALL WIND POWER ANALYSIS REPORT 2018. | Page 4

Small Wind Power Market Research Report- Forecast to 2023
Market Research Analysis: -
For the purpose of study, global small wind power market is segmented by grid connectivity and by axis.
Based on grid connectivity, the market has been divided into on-grid and off-grid. Off-Grid accounted for
the largest market share of 63.84% in 2016, with a market value of USD 2,224.9 million and is projected
to grow at the highest CAGR of 14.06% during the forecast period. An off-grid solution is a system that
works independently and is not connected to the electricity distribution system. It also called stand-alone
systems. On-Grid was the second-largest market in 2016, valued at USD 1,260.5 million in 2016; it is
projected to grow at a CAGR of 13.57%. A grid-connected small wind turbine system, or grid-connected
system is an electricity generating small wind turbine system that is linked to the utility grid. A grid-
connected wind turbine can reduce your consumption of utility-supplied electricity for your domestic
appliances or bigger loads for business empowerment.
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