February 24, 2024
EMEA Small Wind Turbines Market

EMEA Small Wind Turbines Market Connected with Distributed Generation Outlook

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.

Market Overview:
The EMEA small wind turbines market consists of small wind turbines with a rated power capacity of 100 kW or lower. These turbines are mainly used to generate electricity for homes, farms, telecom towers, and small businesses in off-grid and distributed generation applications. Small wind turbines offer advantages like lower installation and maintenance costs compared to large utility-scale turbines. They are scalable options that can be integrated into hybrid renewable energy solutions to provide adequate power supply in remote areas lacking stable electricity access.

Market key trends:

One of the key trends in the EMEA small wind turbines market is growing demand for distributed renewable energy generation. Many countries in Europe, Middle East and Africa are promoting distributed and decentralized renewable power projects to boost energy access in rural and hard-to-reach areas. Small wind turbines perfectly align with this distributed generation outlook as they can be installed near the point of consumption and integrated into microgrids. Furthermore, favorable policy schemes like net metering and incentives for small renewable projects are encouraging more commercial and industrial facilities as well as communities to install small wind turbines onsite or nearby for power self-sufficiency. This distributed generation approach using small wind power assists in reducing transmission and distribution losses compared to centralized large-scale projects.
Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as the initial investments for establishing a small wind turbines manufacturing unit is high. However, the market is still fragmented with opportunities for new players.

Bargaining power of buyers: The bargaining power of buyers is high due to the availability of various options from different players in the market. Buyers can negotiate on price and favorable payment terms.

Bargaining power of suppliers: The bargaining power of suppliers is moderate since raw materials required for manufacturing small wind turbines such as aluminum, copper, and steel are commodity products available from multiple suppliers.

Threat of new substitutes: The threat of new substitutes is low as small wind turbines are the most viable option for households and small businesses located in remote areas with no access to power grid.

Competitive rivalry: High

Key Takeaways

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 need for clean energy solutions from off-grid households and small businesses.

Regional analysis: Germany held the largest share in the EMEA small wind turbines market in 2020 and is expected to continue its dominance during the forecast period. UK and France are also promising markets, growing at significant rates due to supportive government policies and initiatives to boost adoption of renewable energy in these countries.

Key players: 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. These players are focusing on new product launches and strategic partnerships with project developers to strengthen their market positions.

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