by The EMEA small wind turbines market has been gaining prominence over the past few years owing to growing reliance on renewable sources of energy for power generation. Small wind turbines ranging from 150 watts to 100 kW find widespread utilization in households, farms, and residential establishments for meeting their electricity demands. These turbines are compact in design with rotors comprising 2-3 blades and variable-speed generators that enable efficient conversion of wind energy into electrical power. The self-supporting towers eliminate the need for guy-wire supports for mounting the turbines atop houses or on the ground. The direct-drive permanent magnet generators minimize mechanical failures associated with gearboxes and reduce operational and maintenance costs.
The Global EMEA small wind turbines market is estimated to be valued at US$ 63389.2 million in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the EMEA small wind turbines market are Bergey Windpower Co., Kingspan Group PLC, Shanghai Ghrepower Green Energy Co. Ltd., and XY Zagros.
The rising demand for decentralized power sources from households and small commercial establishments in Europe and Asia presents lucrative growth opportunities in the market. Technological advancements such as the development of high output generators and self-regulating rotor designs are expected to boost the adoption of small wind turbines during the forecast period.
Market Drivers
The increasing energy costs across the EMEA region coupled with supportive policy initiatives and incentives for renewable energy deployment are the major drivers propelling the EMEA Small Wind Turbines Market Growth. The growing emphasis on carbon neutrality goals and the development of off-grid and hybrid power systems further support the demand for small wind turbines.
Current challenges in EMEA Small Wind Turbines Market
The EMEA small wind turbines market is facing challenges like high upfront installation cost, inadequate infrastructure support, lack of standardization, and intermittent power generation. As these turbines require substantial capital investment, the high upfront cost acts as a deterrent for mass adoption. Further, the lack of standardized testing procedures and component certification processes adds complication.
SWOT Analysis
Strength: Easy installation and maintenance. Provides off-grid power solution for rural areas.
Weakness: Highly dependent on wind availability. Require backup power sources.
Opportunity: Growing focus on renewable energy adoption. Increasing mini-grid installations in remote locations.
Threats: Fluctuating government incentives and policies. Stiff competition from other clean technologies.
Geographical regions of concentration
In terms of value, the EMEA small wind turbines market is highly concentrated in Germany, Italy, United Kingdom, France and Denmark. Germany captures over 35% of the regional market share owing to strong government support policies and incentives for distributed renewable energy systems.
Fastest growing geographical region
Asia Pacific region is poised to grow at the fastest pace during the forecast period. Countries like China, India, Australia and Southeast Asian nations are actively promoting renewable energy adoption to reduce carbon footprint as well as dependence on imported fuels. Rapid rural electrification programs, conducive government policies and increasing mini-grid installations will drive the small wind turbines demand in Asia Pacific.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
