DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b6p2lr/small_wind) has announced the addition of the "Small Wind Turbines up to 100kW, 2013 Update - Global Market Size, Analysis by Power Range, Regulations and Key Country Analysis to 2020" report to their offering.
China, the US and UK contribute more than 80% of the global small-wind-power installed capacity. China is the leader, with a cumulative capacity of 266 Megawatts (MW) in 2012. The US and UK follow China with 216 MW and 118 MW respectively. Small-wind power has huge potential in China, due to the large rural population and the requirement for distributed power systems. The country also has more than 80 small-wind-turbine manufacturers and manufactures the largest number of small-wind turbines. China, with more than 100 MW of small-wind-turbine exports for the last three years, is the hub of the global small-wind-turbine market.
The US is one of the pioneers of the small-wind-turbine market. The US market is primarily driven by the state and federal policies, financial incentives, and availability of capital, as a result of increasing private equity investments in the sector. The government has provided huge support to the development of wind power by extending tax credits for alternative energy use. Although the future for small wind looks promising, the market could face some challenges in the form of economic slowdown, zoning and permitting issues, low public awareness, lack of a federal net-metering program, and certification issues.
The UK is the fastest growing small-wind-power market, and installed more than 50 MW in 2012. Its small-wind-power market is expected to grow further due to financial incentives under the renewable obligation, implementation of Feed-in Tariff (FiT) policies, and streamlining of administrative procedures.
Small-Wind-Power Market to Reach Over $3 Billion by 2020
The small-wind-power market started growing on a commercial scale in the last decade. Even though small-wind installations are not prevalent across the world, the market is gradually expanding into various countries. The market size was $156m in 2008, and increased to $609m by 2012. The rate of growth is expected to increase in future, with increasing incentives announced by various governments and increasing end-user awareness. The major applications of small-wind turbines include battery charging, residential consumption, irrigation and small industrial and commercial purposes. With the increasing usage of small-wind turbines the market size is expected to reach $3 billion by 2020.
Government Support is the Major Driver for the Small-Wind-Power Market
The wind-energy market, like the markets for other renewable energies, is primarily driven by government support, policies and regulations. A high upfront cost has been the major concern among small-wind-power users, and policies targeted at reducing investment costs will be effective in increasing small and mid-sized wind installations. Investment tax credit in the US has been a major driver for the small-wind-power industry. Currently, at least 10 countries are providing FiTs for small-wind-power generation.
Key Topics Covered:
List of Tables
List of Figures
Introduction
Wind-Power Market, Global, 2006-2020
Small-Wind-Turbine Market, Global, 2006-2020
Small-Wind-Turbine Market, US, 2008-2020
Small-Wind-Turbine Market, Canada, 2008-2020
Small-Wind-Turbine Market, UK, 2008-2020
Small-Wind-Turbine Market, Germany, 2008-2020
Small-Wind-Turbine Market, Spain, 2008-2020
Small-Wind-Turbine Market, China, 2008-2020
Small-Wind-Turbine Market, India, 2008-2020
Small-Wind-Turbine Market, Major Small-Wind Manufacturers
Appendix
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