For the purpose of analysis, small wind turbines are defined in the report as those less than 100 kW. According to Global Data, the market for this class of turbines has already increased 27 percent over the past five years, growing from 105.9 MW in 2006 to 275.8 MW in 2010.
The firm predicts the market will increase from 275.8 MW in 2010 to 3,726.5 MW by 2020 at a CAGR of 29.7 percent.
Small wind turbines are used for battery charging, residential uses, irrigation and small industrial and commercial purposes. Currently, the US, UK and Canada dominate the market, accounting for 68 percent of total small wind turbine installed capacity.
All the top-tier small wind turbine manufacturers are also concentrated in these three countries. The US, the UK and Canada small wind turbine manufacturers have strong domestic market and also export to over 100 countries.
China is fast developing as a small wind turbine manufacturing base and many manufacturing companies are expected to arrive in the future, the report says.
GlobalData's report "Small Wind Turbines (less than 100kW) - Global Market Size, Analysis by Power Range, Regulations and Competitive Landscape to 2020" is intended to provide an understanding of the technology, key drivers, restraints and market trends in the global small wind turbine market.
It also provides historical and forecast data to 2020 for installed capacity and power generation. The report details the cost analysis and product information of major turbine manufacturers in the global small wind turbine market. Analysis of small wind initiatives with policy framework in key countries such as the US, Canada, the UK and emerging markets for the technology, including Denmark, Germany, Spain, China and India.
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