Market research Future Small Wind Power Market: Shares and Strategies . | Page 4

Small Wind Power Market Research Report- Forecast to 2023
3 Market Research Analysis
Based on axis, horizontal axis accounted for the largest market share of 65.07% in 2016, with a market
value of USD 2,267.9 million and is projected to grow at a CAGR of 13.03% during the forecast period.
Vertical axis was the second-largest market in 2016, valued at USD 1,217.5 million. Vertical axis turbines
are powered by wind coming from all 360 degrees, and even some turbines are powered when the wind
blows from top to bottom. Thus, Vertical axis wind turbines are ideal for installations where wind
conditions are not consistent, or due to public ordinances the turbine cannot be placed high enough to
benefit from steady wind. Vertical wind turbines were applied for urban and low noise area.
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