EMEA SMALL WIND TURBINES MARKET ANALYSIS

The small wind turbine referred as home wind turbines has really small diameter around 10m. The power output produced by these turbines are also low when compared to large wind turbines. This makes small wind turbines perfect for projects with smaller electricity needs, such as residential, portable, or off-grid applications. Due to small size, it can easily be installed in various locations such as building, houses, and others to provide electricity. Small wind turbines are mostly suitable for rural areas where large space and few obstructions that would impact wind speeds.

The EMEA small wind turbines market is segmented into type, application, and country. On the basis of type, the market is segmented into horizontal axis wind turbine and vertical axis wind turbine. Among type, horizontal axis wind turbine segment generated the largest revenue in 2020. Furthermore, on the basis of application, the EMEA small wind turbines market is segmented into on-grid and off-grid. Among this, off-grid segment generated highest revenue in 2020. On the basis of country, the EMEA Small Wind turbines market is segmented into Germany, UK, France, Italy, Spain, Russia, GCC Countries, Israel, South Africa, and Rest of EMEA

The EMEA small wind turbines market is expected to witness significant growth during the forecast period (2021–2028) due to rise in demand for energy and increased concerns about the environmental impact

The demand for energy has rapidly increased in the recent past due to growth in the population and economic activity. According to the U.S. Energy Information Administration, a U.S.-based government agency, the global energy demand is expected to increase around 50% by 2050. Thus, rapidly growing population and industrialization is expected to positively impact the Europe, Middle East, and Africa small wind turbines market during the forecast period.

Furthermore, growing environment concern about the use of fossil fuel is promoting the use of renewable energy sources such as wind and solar energy. For instance, according to Natural Resources Defense Council, Inc., a U.S.-based nonprofit organization, the energy generated using fossil fuel produces large amount of carbon dioxide and other greenhouse gases which increase atmospheric temperature. According to the CMI’ analysis, in 2019, the use of fossil fuel in Europe for power and transportation sectors contributes for about three-quarters of carbon emissions. Thus, demand for renewable energy has significantly increased in the Europe region, especially for power generation. For instance, according to the European Environment Agency, a European government agency, the share of renewable energy has witnessed rapid growth compared to fossil fuel. In 2015, the share of renewable energy was 7.2% and by 2017 it has almost doubled to reach 14.8% of total energy consumption in Europe. According to same source, in the European Union (EU) the share for renewable energy would grow 70% by 2050.

The major factor restraining growth of the EMEA small wind turbines market is increased adoption of other renewable energy sources. . Although, the adoption of wind energy witnessed rapid growth in the recent past, the growth is mostly limited to commercial use. The domestic power generations is mostly driven by the solar grids. According to CMI’ analysis, in 2017 global solar power contributes to more than 30% domestic power generation. Small scale solar panel can be easily installed on the rooftops with very little or no maintenances for the user. Another factor which can hamper the growth of the EMEA small wind turbines market includes lack of awareness about the usage of wind energy among the end-use consumers.

EMEA Small Wind Turbines Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including infrastructure, transportation, oil and gas, manufacturing, and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown and are now easing it phase-wise and industry wise. This has significantly impacted manufacturing sector as the facilities across the globe were temporarily shut down.

The effect of the COVID-19 pandemic can be considered in two ways; short term impact and long term impact.  Considering the short term impact, owing to spread of COVID-19 pandemic, small wind turbines manufacturers who stocked up hardware components (such as turbine, blades) experienced a difficult time to clear their inventory due to low energy demand and construction activity globally. Thus, many of the small wind turbines manufacturers decreased their production. As manufacturing and distribution of goods have started at sub-optimal level across the countries, manufacturing companies are slowly gaining momentum.

Rest of Middle East and Africa held dominant position in the EMEA small wind turbines market in 2020

Statistics:

Rest of Middle East and Africa held dominant position in the EMEA small wind turbines market in 2020, accounting for 65.1% share in terms of value, followed by UK, Germany and others

Figure 1: EMEA Small Wind Turbines Market Share (%), By Region, 2020

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Over the forecast period, Rest of EMEA is expected to account for the largest market share in the EMEA small wind turbines market. In Germany, adoption of wind power is expected to increase in the forthcoming years. According to Stratagem Market Insight’s analysis, in 2019, almost quarter of electricity was generated using wind power. The government in the country is also focusing on several initiatives to promote renewable energy. In January 2021, latest amendment came into effect in Germany’s Renewable Energy Act (EEG). As per EEG 2021, the government is expecting an increase of onshore wind to 71 GW by 2030. The law makes sure that the capacity increment should be compatible with 65% renewable energy target and strict the annual deployment targets.

According to CMI’s analysis, over 10,961 wind turbines were installed in the UK by May 2021 with a capacity of 24.1 gigawatts. In 2020, wind power contributed more than 24% of total electricity supplied in the UK. Moreover, wind energy is the largest source of renewable energy in the UK. The UK wind farms are very expensive to build and operate, however since 2016 the government is providing subsidies through Contracts for Difference and Renewables Obligation.

Off-Grid segment is expected to drive the market growth during the forecast period.

Among application, the power generation and electrical segment is expected to hold dominant position in the EMEA small wind turbines market during the forecast period. Small wind turbines are traditionally used in remote areas for off-grid applications including rural residential electrification, water pumping and treatment, and telecommunication stations

For off-grid applications, energy storage systems such as additional batteries are necessary at times when renewable energy sources are not available. This leads to higher initial investment to install small wind turbines for off-grid applications.

Figure 2: EMEA Small Wind Turbines Market Value (US$ Th) Analysis and Forecast, 2017 - 2028

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The EMEA small wind turbines market was valued at US$ 45,424.6 Th in 2020 and is expected to reach US$ 71,341.2 Th by 2028 at a CAGR of 6.6% between 2021 and 2028.

Major players operating in the EMEA small wind turbines market include 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