The EMEA Small Wind Turbines Market is estimated to be valued at US$ 45,424.6 Th in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2028, as highlighted in a new report published by Coherent Market Insights.
The EMEA small wind turbines market consists of wind turbines with rated capacity below 100 kW, which are used for residential and small commercial applications. Small wind turbines use wind energy to produce electricity for homes, farms, telecommunication dishes or remote monitoring equipment. They provide an environment friendly solution for off-grid energy requirements.
Market key trends:
One of the key trends witnessed in the EMEA small wind turbines market is the increasing adoption of roof-top wind turbines for residential applications. Roof-top wind turbines can be easily installed on residential buildings without requiring extensive civil works. They are space efficient and visually less intrusive compared to free standing tower type turbines. The compact size and design allow entrepreneurs to set up micro wind turbine farms generating clean energy. Furthermore, various government incentives and rebate programs are promoting the use of small wind systems for residential properties, especially in countries like UK, Germany and Italy. For example, the UK government offers discounts of up to 44% on the installation of domestic renewable systems under its renewable heat incentive program.
The EMEA small wind turbines market is segmented by tower height into guyed towers and monopole towers. Monopole towers dominate the market as they provide more stability compared to guyed towers and require lower maintenance. Their self-supporting structure eliminates the need for guying wires for stabilization, making installation simpler.
The EMEA Small Wind Turbines Market is expected to witness high growth, exhibiting a CAGR of 6.6% over the forecast period, due to increasing awareness about renewable energy sources and falling prices of wind turbines.
Europe accounts for the largest share in the EMEA small wind turbines market, owing to supportive government policies and incentives promoting renewable energy adoption in the region. Germany has emerged as the fastest growing market in Europe due to growing investments in small wind power projects.
Key players operating in the EMEA small wind turbines market are Aeolos Wind Energy Ltd, BORNAY, Braun Windturbinen GmbH, Britwind, EasyWind GmbH, Endurance Wind Power, ENESSERE S.r.l., Fortis Wind BV, iQron GmbH, PSW-Energiesysteme GmbH, Ryse Energy, SD Wind Energy Limited, TUGE Energia, Wind Energy Solutions B.V., and XZERES Wind Europe Ltd. EasyWind GmbH dominates the market due to its wide product portfolio and presence.