NEW YORK, Jan. 22, 2015 /PRNewswire/ -- The overall market for small and medium wind turbines (SMWTs) is growing as a result of feed-in tariff policies in the United Kingdom and growing global demand for distributed generation. The U.K. market boomed over the past 2 years and is the leading market worldwide. China and Italy remain important markets while the U.S. SMWT market has been limited due to a reduction in state-level incentives and competition from solar PV systems that have declined in price dramatically. Momentum is growing, however, around the wind lease model that has enabled the distributed solar PV market to scale.
Although the market for modern SMWTs has existed for 30 years, there are many signs that the industry is maturing, including certification requirements, the hundreds of manufacturers located around the world, expanding dealer networks, and a growing number of state- and federal-level industry associations. In addition, an increasing number of applications are being enabled by the interest and investment in microgrids and hybrid systems that that integrate small wind with solar PV and diesel generators, among other renewable distributed energy generation technologies (RDEG). According to Navigant Research, global annual installations of SMWTs are expected to grow from an estimated 254.9 MW in 2014 to 587.7 MW in 2023.
This Navigant Research report analyzes the global market for SMWTs, defined as any turbine less than 500 kW in capacity. The study provides an analysis of the market issues, including growth drivers and implementation challenges, associated with SMWTs. Global market forecasts for capacity and revenue, broken out by region, extend through 2023. The report also examines the key technologies related to SMWTs, as well as the competitive landscape.
Key Questions Addressed:
What key barriers and opportunities will shape the small and medium wind power market?
Which countries will lead in small and medium wind development over the next 10 years – and why?
What are the most common applications of small and medium wind power systems?
What size turbines are being deployed in the key markets worldwide?
How much revenue will be generated from small and medium wind turbine installations between 2014 and 2023?
What is the current status of and outlook for small and medium wind power financial incentives?
What is the average installation cost for small and medium wind turbines today and in the future?
Who are the small and medium wind power market leaders and where are they working?
Who needs this report?
Small and medium wind turbine and component manufacturers
Small and medium wind industry service providers
Distributed generation solutions providers
Community wind power companies
Economic development agencies
Government agencies and regulators
Read the full report: http://www.reportlinker.com/p02587112-summary/view-report.html
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