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  5. > Small Wind Market by Type, by Application, by Geography - Global Trends and Forecast to 2019

The global small wind power market is estimated to witness lucrative growth with a CAGR of 19.5% for the next five years. The growth in this market is propelled by the economic advantages of wind power and its increasing competitiveness relative to other sources of electricity, as well as the pressing need to implement emission-free technologies to mitigate environmental concerns such as climate change and air pollution.

The Asia-Pacific market will register highest growth by 2019 owing to the significant investments being made for small wind power technologies in the region. The growth of this region is supplemented by the rising need for clean electricity in developing economies such as India and China.

The major economic benefit of wind power is that it reduces the exposure of economies to fuel price volatility, which is expected to drive its market globally. In addition to this, robust economic development, greater awareness about the benefits of renewable energy sources, plummeting costs of wind energy generation, and encouraging environment policies are projected to support the growth of the small wind power market in
coming years.

The small wind power market is segmented on the basis of type, application, and region. This report covers the global small wind power market in major regions, such as North America, Europe, and Asia-Pacific. The on-grid application segment is projected to dominate the global small wind power market, by application between 2014 and 2019. By type, horizontal axis wind turbine is estimated to have the largest market during the forecast period.

This report analyzes various market trends and establishes the most effective growth strategy in the market. It identifies major market dynamics, such as drivers, restraints, opportunities, and challenges. The key small wind power companies, such as Northern Power Systems Inc. (U.S.), Bergey Wind Power Co. (U.S.), Kingspan Group Plc. (Netherlands), Shanghai Ghrepower Green Energy Co. Ltd. (China), Endurance Wind Power Inc. (Canada), ZKEnergy Technology Co., Ltd. (China), and Xzeres Wind Corp. (U.K.) have also been profiled in the report.

CUSTOMIZATION OPTIONS
PRODUCTS AND SERVICES BENCHMARKING ANALYSIS
- Comparison of small wind and different technologies offered by key players and evaluating them on different parameters
REGULATORY FRAMEWORK
- Analysis and impacts of local and regional environmental regulations that may impact the concerned market
IMPACT ANALYSIS
- Impact of installed electricity generation capacity on the small wind market
- Impact of E&P capex cut on small wind market providers
CURRENT INDUSTRY CHALLENGES
- Challenges faced in small wind turbine industry
o Technological
o Project Execution
o Financing Constrictions
HISTORICAL DATA AND TRENDS
- Small wind companies capex information
SMALL WIND TURBINE IN DEPTH VALUE CHAIN ANALYSIS
- Interrelation between different segments
- Impact of segments on the market

Table Of Contents

Small Wind Market by Type, by Application, by Geography - Global Trends and Forecast to 2019
TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET SEGMENTATION and COVERAGE 13
1.3 STAKEHOLDERS 13
2 RESEARCH METHODOLOGY 14
2.1 INTEGRATED ECOSYSTEM OF SMALL WIND MARKET 14
2.2 ARRIVING AT SMALL WIND MARKET SIZE 15
2.2.1 TOP-DOWN APPROACH 15
2.2.2 BOTTOM-UP APPROACH 16
2.2.3 DEMAND SIDE APPROACH 17
2.2.4 MACROINDICATOR-BASED APPROACH 18
2.3 ASSUMPTIONS 19
3 EXECUTIVE SUMMARY 20
4 MARKET OVERVIEW 22
4.1 INTRODUCTION 22
4.2 SMALL WIND MARKET: COMPARISON WITH PARENT MARKET 23
4.3 MARKET DRIVERS AND INHIBITORS 24
4.4 KEY MARKET DYNAMICS 25
5 SMALL WIND MARKET, BY APPLICATION 27
5.1 INTRODUCTION 28
5.2 OFF-GRID SMALL WIND MARKET, BY GEOGRAPHY 30
5.2.1 NORTH AMERICA, BY COUNTRY 31
5.2.2 EUROPE, BY COUNTRY 32
5.2.3 ASIA-PACIFIC, BY COUNTRY 34
5.3 ON-GRID SMALL WIND MARKET, BY GEOGRAPHY 35
5.3.1 NORTH AMERICA, BY COUNTRY 36
5.3.2 EUROPE, BY COUNTRY 37
5.3.3 ASIA-PACIFIC, BY COUNTRY 39

6 SMALL WIND MARKET, BY TYPE 41
6.1 INTRODUCTION 42
6.2 HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY 43
6.2.1 NORTH AMERICA, BY COUNTRY 44
6.2.2 EUROPE, BY COUNTRY 46
6.2.3 ASIA-PACIFIC, BY COUNTRY 47
6.3 VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY 49
6.3.1 NORTH AMERICA, BY COUNTRY 50
6.3.2 EUROPE, BY COUNTRY 51
6.3.3 ASIA-PACIFIC, BY COUNTRY 53
7 SMALL WIND MARKET, BY GEOGRAPHY 55
7.1 INTRODUCTION 56
7.2 NORTH AMERICA 58
7.2.1 BY COUNTRY 58
7.2.2 BY TYPE 60
7.2.3 BY APPLICATION 61
7.3 EUROPE 62
7.3.1 BY COUNTRY 63
7.3.2 BY TYPE 65
7.3.3 BY APPLICATION 66
7.4 ASIA -PACIFIC 67
7.4.1 BY COUNTRY 68
7.4.2 BY TYPE 69
7.4.3 BY APPLICATION 71
8 SMALL WIND MARKET: COMPETITIVE LANDSCAPE 73
8.1 COMPANY SHARE ANALYSIS 73
8.2 COMPANY PRESENCE IN SMALL WIND MARKET, BY PRODUCT TYPE 74
8.3 MERGERS , ACQUISITIONS, and AWARD/CERTIFICATION 75
8.4 EXPANSIONS 75
8.5 JOINT VENTURES 75
8.6 PARTNERSHIPS 76
8.7 NEW PRODUCT LAUNCHES 76
8.8 AGREEMENTS 77
8.9 OTHERS 78

9 SMALL WIND MARKET, BY COMPANY 79
(Company at a Glance, Recent Financials, Products and Services, Strategies and Insights, and Recent Developments)*
9.1 NORTHERN POWER SYSTEMS INC. 79
9.2 KINGSPAN GROUP PLC 83
9.3 XZERES WIND CORPORATION 86
9.4 WIND ENERGY SOLUTIONS 88
9.5 BERGEY WINDPOWER CO. INC. 89
9.6 HY ENERGY CO. LTD (CHINA) 90
9.7 EOCYCLE TECHNOLOGIES INC. 91
9.8 ENDURANCE WIND POWER INC. (CANADA) 92
9.9 SHANGHAI GHREPOWER GREEN ENERGY CO., LTD. 93
9.10 ZKENERGY TECHNOLOGY CO., LTD. 95
*Details on company at a glance, recent financials, products and services, strategies and insights, and recent developments might not be captured in case of unlisted companies.
10 APPENDIX 97
10.1 CUSTOMIZATION OPTIONS 97
10.1.1 PRODUCTS AND SERVICES BENCHMARKING ANALYSIS 97
10.1.2 REGULATORY FRAMEWORK 97
10.1.3 IMPACT ANALYSIS 97
10.1.4 CURRENT INDUSTRY CHALLENGES 97
10.1.5 HISTORICAL DATA AND TRENDS 97
10.1.6 SMALL WIND TURBINE IN DEPTH VALUE CHAIN ANALYSIS 97
10.2 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 98
10.3 RT SNAPSHOTS 99
10.4 RELATED REPORTS 100


LIST OF TABLES

TABLE 1 GLOBAL SMALL WIND PEER MARKET SIZE, 2013 (USD MN) 15
TABLE 2 SMALL WIND MARKET: MACROINDICATOR, BY GEOGRAPHY, 2013 18
TABLE 3 SMALL WIND MARKET: COMPARISON WITH PARENT MARKET,
2013-2019 (USD MN) 24
TABLE 4 SMALL WIND MARKET: DRIVERS AND INHIBITORS 24
TABLE 5 SMALL WIND MARKET, BY APPLICATION, 2013-2019 (USD MN) 25
TABLE 6 SMALL WIND MARKET, BY APPLICATION, 2013-2019 (MW) 26
TABLE 7 SMALL WIND MARKET, BY TYPE, 2013-2019 (USD MN) 26
TABLE 8 SMALL WIND MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 26
TABLE 9 SMALL WIND MARKET, BY APPLICATION, 2013-2019 (USD MN) 28
TABLE 10 SMALL WIND MARKET, BY APPLICATION, 2013-2019 (MW) 29
TABLE 11 OFF-GRID SMALL WIND MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 30
TABLE 12 OFF-GRID SMALL WIND MARKET, BY GEOGRAPHY, 2013-2019 (MW) 30
TABLE 13 NORTH AMERICA OFF-GRID SMALL WIND MARKET, BY COUNTRY,
2013-2019 (USD MN) 31
TABLE 14 NORTH AMERICA OFF-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (MW) 32
TABLE 15 EUROPE OFF-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (USD MN) 33
TABLE 16 EUROPE OFF-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (MW) 33
TABLE 17 ASIA-PACIFIC OFF-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (USD MN) 34
TABLE 18 ASIA-PACIFIC OFF-GRID SMALL WIND MARKET SIZE, BY GEOGRAPHY,
2013-2019 (MW) 34
TABLE 19 ON-GRID SMALL WIND MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 35
TABLE 20 ON-GRID SMALL WIND MARKET, BY GEOGRAPHY, 2013-2019 (MW) 36
TABLE 21 NORTH AMERICA ON-GRID SMALL WIND MARKET, BY COUNTRY,
2013-2019 (USD MN) 36
TABLE 22 NORTH AMERICAN ON-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (MW) 37
TABLE 23 EUROPE ON-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (USD MN) 38
TABLE 24 EUROPE ON-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (MW) 38
TABLE 25 ASIA-PACIFIC ON-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (USD ‘000) 39
TABLE 26 ASIA-PACIFIC ON-GRID SMALL WIND MARKET, BY COUNTRY, 2013-2019 (KW) 40
TABLE 27 SMALL WIND MARKET, BY TYPE, 2013-2019 (USD MN) 42
TABLE 28 SMALL WIND MARKET, BY TYPE, 2013-2019 (MW) 42
TABLE 29 HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 43
TABLE 30 HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY, 2013-2019 (MW) 44
TABLE 31 NORTH AMERICA HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 45
TABLE 32 NORTH AMERICA HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY, 2013-2019 (MW) 45
TABLE 33 EUROPE HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (USD MN) 46

TABLE 34 EUROPE HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (MW) 47
TABLE 35 ASIA-PACIFIC HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (USD ‘000) 48
TABLE 36 ASIA-PACIFIC HORIZONTAL AXIS WIND TURBINE MARKET SIZE, BY GEOGRAPHY, 2013-2019 (KW) 48
TABLE 37 VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 49
TABLE 38 VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY, 2013-2019 (MW) 49
TABLE 39 NORTH AMERICA VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (USD MN) 50
TABLE 40 NORTH AMERICA VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (MW) 51
TABLE 41 EUROPE VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (USD MN) 52
TABLE 42 EUROPE VERTICAL AXIS WIND TURBINE, BY GEOGRAPHY, 2013-2019 (MW) 52
TABLE 43 ASIA-PACIFIC VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (USD ‘000) 53
TABLE 44 ASIA-PACIFIC VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2013-2019 (KW) 54
TABLE 45 SMALL WIND MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 56
TABLE 46 SMALL WIND MARKET, BY GEOGRAPHY, 2013-2019 (MW) 57
TABLE 47 NORTH AMERICA SMALL WIND MARKET, BY COUNTRY, 2013-2019 (USD MN) 59
TABLE 48 NORTH AMERICA SMALL WIND MARKET, BY COUNTRY, 2013-2019 (MW) 59
TABLE 49 NORTH AMERICA SMALL WIND MARKET, BY TYPE, 2013-2019 (USD MN) 60
TABLE 50 NORTH AMERICA SMALL WIND MARKET, BY TYPE, 2013-2019 (MW) 60
TABLE 51 NORTH AMERICA SMALL WIND MARKET, BY APPLICATION, 2013-2019 (USD MN) 61
TABLE 52 NORTH AMERICA SMALL WIND MARKET, BY APPLICATION, 2013-2019 (MW) 61
TABLE 53 EUROPE SMALL WIND MARKET, BY COUNTRY, 2013-2019 (USD MN) 63
TABLE 54 EUROPE SMALL WIND MARKET, BY COUNTRY, 2013-2019 (MW) 64
TABLE 55 EUROPE SMALL WIND MARKET, BY TYPE, 2013-2019 (USD MN) 65
TABLE 56 EUROPE SMALL WIND MARKET, BY TYPE, 2013-2019 (MW) 65
TABLE 57 EUROPE SMALL WIND MARKET, BY APPLICATION, 2013-2019 (USD MN) 66
TABLE 58 EUROPE SMALL WIND MARKET, BY APPLICATION, 2013-2019 (MW) 66
TABLE 59 ASIA-PACIFIC SMALL WIND MARKET, BY COUNTRY, 2013-2019 (USD MN) 68
TABLE 60 ASIA-PACIFIC SMALL WIND MARKET, BY COUNTRY, 2013-2019 (MW) 68
TABLE 61 ASIA-PACIFIC SMALL WIND MARKET, BY TYPE, 2013-2019 (USD MN) 69
TABLE 62 ASIA-PACIFIC SMALL WIND MARKET, BY TYPE, 2013-2019 (MW) 70
TABLE 63 ASIA-PACIFIC SMALL WIND MARKET, BY APPLICATION, 2013-2019 (USD MN) 71
TABLE 64 ASIA-PACIFIC SMALL WIND MARKET, BY APPLICATION, 2013-2019 (MW) 71
TABLE 65 GLOBAL WIND MARKET: COMPANY SHARE ANALYSIS, 2013 (%) 74
TABLE 66 SMALL WIND TURBINE MARKET: MERGERS and ACQUISITIONS 75
TABLE 67 SMALL WIND MARKET: EXPANSIONS 75
TABLE 68 SMALL WIND MARKET: JOINT VENTURES 75
TABLE 69 SMALL WIND MARKET: PARTNERSHIPS 76
TABLE 70 SMALL WIND MARKET: NEW PRODUCT LAUNCHES 76

TABLE 71 SMALL WIND MARKET: AGREEMENTS 77
TABLE 72 SMALL WIND MARKET: OTHERS 78
TABLE 73 NORTHERN POWER SYSTEMS: KEY FINANCIALS, 2009-2013 (USD MN) 79
TABLE 74 NORTHERN POWER SYSTEMS : REVENUE, BY SEGMENT, 2009-2013 (USD MN) 80
TABLE 75 NORTHERN POWER SYSTEMS: REVENUE, BY GEOGRAPHY, 2009-2013 (USD MN) 80
TABLE 76 KINGSPAN GROUP PLC: KEY FINANCIALS, 2009-2013 (USD MN) 83
TABLE 77 KINGSPAN GROUP PLC: REVENUE, BY GEOGRAPHY, 2009-2013 (USD MN) 84
TABLE 78 KINGSPAN GROUP PLC.: REVENUE, BY BUSINESS SEGMENT, 2009-2013 (USD MN) 84
TABLE 79 XZERES WIND CORPORATION : KEY FINANCIALS, 2011-2014 (USD MN) 86


LIST OF FIGURES

FIGURE 1 GLOBAL SMALL WIND MARKET: SEGMENTATION and COVERAGE 13
FIGURE 2 SMALL WIND MARKET: INTEGRATED ECOSYSTEM 14
FIGURE 3 TOP-DOWN APPROACH 15
FIGURE 4 BOTTOM-UP APPROACH 16
FIGURE 5 DEMAND SIDE APPROACH 17
FIGURE 6 MACROINDICATOR-BASED APPROACH 18
FIGURE 7 SMALL WIND MARKET: SNAPSHOT, 2014 21
FIGURE 8 GLOBAL SMALL WIND MARKET: GROWTH ASPECTS 23
FIGURE 9 SMALL WIND MARKET: COMPARISON WITH PARENT MARKET 23
FIGURE 10 SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (USD MN) 25
FIGURE 11 SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (USD MN) 28
FIGURE 12 SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (MW) 29
FIGURE 13 OFF-GRID SMALL WIND MARKET, BY GEOGRAPHY, 2014 and 2019 (USD MN) 30
FIGURE 14 NORTH AMERICA OFF-GRID SMALL WIND MARKET, BY COUNTRY,
2014 and 2019 (USD MN) 31
FIGURE 15 EUROPE OFF-GRID SMALL WIND MARKET, BY COUNTRY, 2014 and 2019 (USD MN) 32
FIGURE 16 ASIA-PACIFIC OFF-GRID SMALL WIND MARKET, BY COUNTRY,
2014 and 2019 (USD MN) 34
FIGURE 17 ON-GRID SMALL WIND MARKET, BY GEOGRAPHY, 2014 and 2019 (USD MN) 35
FIGURE 18 NORTH AMERICA ON-GRID SMALL WIND MARKET, BY COUNTRY,
2014 and 2019 (USD MN) 36
FIGURE 19 EUROPE ON-GRID SMALL WIND MARKET, BY COUNTRY, 2014 and 2019 (USD MN) 37
FIGURE 20 ASIA-PACIFIC ON-GRID SMALL WIND MARKET, BY COUNTRY,
2014 and 2019 (USD ‘000) 39
FIGURE 21 SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (USD MN) 42
FIGURE 22 HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2014 and 2019 (USD MN) 43
FIGURE 23 NORTH AMERICA HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2014 and 2019 (USD MN) 44
FIGURE 24 EUROPE HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2014 and 2019 (USD MN) 46
FIGURE 25 ASIA-PACIFIC HORIZONTAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2014 and 2019 (USD ‘000) 47
FIGURE 26 VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY, 2014 and 2019 (USD MN) 49
FIGURE 27 NORTH AMERICA VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2014 and 2019 (USD MN) 50
FIGURE 28 EUROPE VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2014 and 2019 (USD MN) 51
FIGURE 29 ASIA-PACIFIC VERTICAL AXIS WIND TURBINE MARKET, BY GEOGRAPHY,
2014 and 2019 (USD ‘000) 53
FIGURE 30 SMALL WIND MARKET: GROWTH ANALYSIS, BY GEOGRAPHY,
2014 and 2019 (USD MN) 56

FIGURE 31 SMALL WIND MARKET: GROWTH ANALYSIS, BY GEOGRAPHY, 2014 and 2019 (MW) 57
FIGURE 32 NORTH AMERICA SMALL WIND MARKET, OVERVIEW, 2014 and 2019 (%) 58
FIGURE 33 NORTH AMERICA SMALL WIND MARKET, BY COUNTRY, 2014 and 2019 (USD MN) 58
FIGURE 34 NORTH AMERICA SMALL WIND MARKET: COUNTRY SNAPSHOT,
2014 and 2019, (USD MN) 59
FIGURE 35 NORTH AMERICA SMALL WIND MARKET, BY TYPE, 2014 and 2019 (%) 60
FIGURE 36 NORTH AMERICA SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (USD MN) 61
FIGURE 37 NORTH AMERICA SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (%) 62
FIGURE 38 EUROPE SMALL WIND MARKET, OVERVIEW, 2014 and 2019 (%) 62
FIGURE 39 EUROPE SMALL WIND MARKET, BY COUNTRY, 2014 and 2019 (USD MN) 63
FIGURE 40 EUROPE SMALL WIND MARKET: COUNTRY SNAPSHOT, 2014 and 2019 (USD MN) 64
FIGURE 41 EUROPE SMALL WIND MARKET, BY TYPE, 2014 and 2019 (%) 65
FIGURE 42 EUROPE SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (USD MN) 66
FIGURE 43 EUROPE SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (%) 67
FIGURE 44 ASIA- PACIFIC SMALL WIND MARKET OVERVIEW, 2014 and 2019 (%) 67
FIGURE 45 ASIA-PACIFIC SMALL WIND MARKET, BY COUNTRY, 2014 and 2019 (USD MN) 68
FIGURE 46 ASIA-PACIFIC SMALL WIND MARKET: COUNTRY SNAPSHOT, 2014 and 2019 (USD MN) 69
FIGURE 47 ASIA-PACIFIC SMALL WIND MARKET, BY TYPE, 2014 and 2019 (%) 70
FIGURE 48 ASIA-PACIFIC SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (USD MN) 71
FIGURE 49 ASIA-PACIFIC SMALL WIND MARKET, BY APPLICATION, 2014 and 2019 (%) 72
FIGURE 50 SMALL WIND MARKET: COMPANY SHARE ANALYSIS, 2013 (%) 73
FIGURE 51 GLOBAL SMALL WIND MARKET: COMPANY PRODUCT COVERAGE, BY TYPE, 2013 74
FIGURE 52 NORTHERN POWER SYSTEMS: REVENUE MIX, 2013 (%) 79
FIGURE 53 KINGSPAN GROUP PLC: REVENUE MIX, 2013 (%) 83

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