June 25, 2024
EMEA Small Wind Turbines Market

The Growing Demand For Off-Grid Power Generation Drives The EMEA Small Wind Turbines Market

The global EMEA small wind turbines market has been witnessing significant growth over the recent past owing to the growing demand for off-grid and backup power generation across residential and commercial sectors. Small wind turbines, also known as distributed wind turbines, with a rotor swept area of less than 200 m2, are predominantly used for off-grid applications to generate electricity for homes, telecommunication towers, irrigation pumps and other off-grid applications. These wind turbines offer a cost-effective and sustainable alternative to conventional diesel generators for remote off-grid power needs. They provide clean energy without pollution and noise at lower operating costs compared to diesel generators. In developing regions across Eastern Europe, Middle East and Africa, small wind turbines are gaining traction for powering small communities and households that lack access to centralized power grids. The global EMEA Small Wind Turbines Market is estimated to be valued at US$ 3.8 Billion in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period between 2024 to 2032, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rise of hybrid power systems integrating small wind turbines with solar PV and battery storage has emerged as a key trend in the small wind turbines market. Hybrid renewable energy systems provide reliability and grid independence for off-grid applications by ensuring continuous power supply even during periods of low wind or sunlight. Microgrids powered by hybrid renewable systems are increasingly adopted across Europe, Middle East and Africa for powering remote areas, islands, villages and camps. Advances in wind turbine technology focusing on modularity, compact size, light weight and easy installation have enhanced the efficiency and adoption of small wind turbines. The development of vertical axis wind turbines has further boosted the applications of small wind power systems for urban settings and rooftop installations in cities.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as R&D and manufacturing costs are moderately high. However, renewable energy regulations favor new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of multiple brands and standardized turbines below 100 kW range.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to high availability of raw materials and standardized components. However, high sunk costs keep their power in check.
Threat of new substitutes: Threat from substitutes is low as wind remains the most viable distributed renewable energy technology for off-grid use.
Competitive rivalry: Competition is high among major brands that offer wide product ranges and provide value added services. Scale does not impact pricing significantly.

Key Takeaways

The Global EMEA Small Wind Turbines Market Size is expected to witness high growth over the forecast period.

Regional analysis: Western Europe dominates the regional market. Germany, Spain and the UK account for the majority demand, driven by supportive wind energy policies. Central and Eastern Europe are next in line, offering high market potential.

Key players operating in the EMEA small wind turbines market are Bergey WindPower Co., SW Energy, Shanghai Ghrepower Green Energy Co., Ltd., Xzeres Corp, Northern Power Systems, Inc., Wind Energy Solutions

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it