Tuesday 17 February 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Small Wind Turbine Market: Bergey Windpower Co. Inc., Entegrity Wind System Inc., Northern Power System Inc., XZERES Corp. , Ampair Energy, DyoTech, Endurance Wind Power, Evance Wind Turbines, Fortis Wind Energy, Gaia-Wind, Kestrel Wind Turbines, Polaris America, Raum Energy, Urban Green Energy , Windspire Energy.
Commenting on the report, an analyst from the report's team said: “One of the major trends being witnessed in the Global Small Wind Turbine market is an opportunity to sell excess generated power to the main power grid and thereby offset costs. Many small commercial projects use small wind turbines for their power requirements during the lifespan of the project. During this time, the excess power that is generated can be sold to the main grid, enabling these companies to earn sizable revenue. To generate additional power, many operators are installing high wind turbines (increasing the length of the tower) to capture optimal wind energy”
According to the report, several factors drive the growth of the Global Small Wind Turbine market. Advances in the technology of small wind turbines are one of the most important growth drivers. Many vendors are investing heavily in R&D to reduce the size of the wind turbine's rotor. This will not only increase the efficiency of the turbine, but also reduce the noise generated from the turbine.
Further, the report states that the high initial investment that is required for small wind turbines poses a significant threat to market vendors. Small wind turbines require regular maintenance for proper functionality, which increases the cost for the operator or the vendor. Moreover, the cost of raw materials and the high manufacturing costs of other components increases the overall cost of installation.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.