DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Small Wind Power Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
Small wind power is produced by turbines typically having a capacity rating of less than or equal to 100 kW which uses wind power to produce renewable clean energy. Small wind turbines include all such plants where the swept rotor area does not exceed 200 square meters at 350 W/m2. With rising energy concerns, the need for alternative renewable energy sources such as wind energy is gaining traction across the globe.
The significant rise in demand for renewable sources of energy generation coupled with rapid industrialization is a key driving factor boosting the small wind power market world-wide. Furthermore, growing concerns over adverse environmental impacts of power generated through fossil fuel will further result in the adoption of wind power as alternative sources of power as a convenient & cost-effective solution.
The zoning and permitting issues related to the regulatory frameworks in some regions, especially the US, has majorly hampered the adoption of small wind power equipment. However, with the growing public awareness about the negative impacts of non-renewable energy and the subsequent benefits these small wind power offer will result in the key market players to overcome the constraining factors.
Small wind turbines have applications in powering individual homes, farms and small businesses. Applications of these small wind power market in making off-grid installations such as telecommunication towers and in powering homes will further offer growth opportunities to the small wind power market in some regions. For instance, in China, small wind turbines have emerged as feasible power options as the region has many remote areas having very less or no access to any power grid.
The report segments the world small wind power market on the basis of types, application & geography. On the basis of types, the market is segmented into vertical axis wind turbine and horizontal axis wind turbine. On the basis of applications, the report segments the market into telecommunication towers, small scale industries, residential & commercial units. On the basis of geography, the market is segmented into North America, Europe & Asia-Pacific.
Key Market Players
- Northern Power Systems Inc
- Kingspan Group Plc
- Xzeres Wind Corp
- Bergey Windpower Co
- Guangzhou Hongying Energy Technology Co. Ltd
Shanghai Ghrepower Green Energy Co.
For more information about this report visit http://www.researchandmarkets.com/research/pwbf2k/world_small_wind