The EMEA small wind turbines market was valued at US$ 45.4 Million in 2020 and is expected to surpass US$ 71.3 Million by 2028, registering a CAGR of 6.6% during the forecast period (2021-2028), according to the EMEA Small Wind Turbines Market Report, By Type (Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine), By Application (On-Grid and Off-Grid Region), and By Country: (Germany, UK, France, Italy, Spain, Russia, GCC Countries, Israel, South Africa, and Rest of EMEA), published by Coherent Market Insights.
Due to increased level of environment concern and advantages offered by the renewable energy, the government across the globe are heavily investing on the renewable energy sources such as wind energy, solar power, and others, which is expected to positively impact the EMEA small wind turbines market during the forecast period. The wind turbines can be easily installed in the remote areas where grid connectivity is limited and power consumption is only due to home use. For instance, government agencies in Kenyan is planning to install wind turbines on small towns with population around 200,000 people. Similar projects are also implemented across the Africa to power the small villages.
Furthermore, government of South Africa is also planning to invest in the wind energy. For instance, according to South African Wind Energy Association, there are five wind farms which are in full operation and around 22 farms are under construction. Moreover, the government of South Africa is planning to install 700 MW capacity of wind turbines which would contribute for a total of 2,684 MW wind energy capacity in South Africa.
EMEA Small Wind Turbines Market - Impact of Coronavirus (Covid-19) Pandemic
The companies are operating with limited workforce with minimum risk and exposure of workers to coronavirus. Furthermore, as lack of demand from industry sector also impacted the overall energy consumption in the Europe. For instance, according to the International Energy Agency (IEA), total mean electricity generation by European countries dropped by 9% in April 2020 compared to April 2019 which also effected the EMEA small wind turbines market.
On the other hand, long term impact on the EMEA small wind turbines market is expected to remain positive due to various initiatives taken by the governments to increase the adoption of renewable energy. For instance, The EU has adopted targets to achieve a 20% share of renewable energy in energy consumption by 2020, and 32% by 2030. Such initiatives will offer positive outlook for EMEA small wind turbines market.
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Key Trends and Analysis of the EMEA Small Wind Turbines Market:
The small wind turbine market in France is in emerging stage. The companies operating in this market are focused on acquiring new projects and contracts in order to gain competitive edge. In February 2021, BRAUN Windturbinen GmbH, a Germany-based company installed Antaris 7.5 kW small wind turbine on an 11m high tipping mast in Northern France. France has significant growth potential in the wind energy sector. Despite this, the technology adoption and deployment is slower. This is mainly due to lack of transparency among legislative and administrative processes.
Vertical axis wind turbines are able to generate electricity even in tumultuous wind conditions as these turbines are powered by wind coming from 360 degrees. Some of the vertical axis turbines can even produce electricity when wind blows from top to bottom. These turbines provide versatility which is making it popular and considered as ideal installation where nature of wind is not consistent