The EMEA small wind turbines market consists of turbines that produce electricity through converting the kinetic energy of wind into electrical energy. These wind turbines are commonly used for households, farms, telecommunication dishes, and water pumping in remote locations. Small wind turbines are more efficient for power generation in areas with lower wind resources as compared to large utility-scale turbines. Technological advancements such as increased efficiency of permanent magnet generators and improved blade design have led to higher energy output from small wind turbines. Growing environmental concerns and focus on renewable energy sources along with supportive government policies through incentives and tax credits are augmenting the adoption of small wind turbines across the region.
The Global EMEA Small Wind Turbines Market is estimated to be valued at US$ 63389.2 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in The EMEA Small Wind Turbines Market are Vestas, Bergey WindPower, Northern Power Systems, Britwind, Sustainable Power Systems, Xzeres Wind, Gaia Wind LLC, Hi-VAWT Technologies, SW Energy Corp.
Increasing awareness towards environmental protection and rising energy costs have boosted the demand for small wind turbines in the EMEA region. Government initiatives and policies promoting the integration of renewable energy have also driven the sales of small wind turbines.
Major wind turbine manufacturers have been expanding their global presence to tap the growth opportunities in developing markets. Strategic partnerships with local technology providers and financing firms have helped key players strengthen their foothold across different countries.
Market drivers
Subsidies and incentives for small-scale wind projects is a major market driver. Several EMEA governments provide cash rebates, tax exemptions, and renewable energy credits to support the deployment of small wind turbines. For instance, the UK government offers exemption from climate change levy for self-generated renewable electricity. Supportive regulatory policies have encouraged investments in small wind power infrastructure. Growing mini-grid installations in remote and off-grid areas also contribute to the rising popularity of small wind systems for decentralized energy needs.
Geopolitical Impact on EMEA Small Wind Turbines Market Growth
The ongoing political unrest and conflicts in certain regions of Europe, Middle East and Africa are negatively impacting the growth of small wind turbines market in these areas. The conflicts in countries like Ukraine, Yemen and Syria have disrupted supply chains and stalled various infrastructure projects that could have utilized small wind turbines. The sanctions imposed on Russia after its annexation of Crimea have restricted foreign investments and technology transfers needed for further development of renewable energy sector in the country. However, many governments are now focusing on achieving energy independence through indigenous renewable resources like wind and solar to reduce geopolitical risks in energy security. This provides opportunities for small wind turbines market to grow. Stable political environments and government support through incentives and legislation will be important for manufacturers to enter new geographical markets and set up local manufacturing facilities. Ongoing international collaborations for joint research and development of advanced small wind turbine technologies can also help mitigate geopolitical risks and boost long term growth prospects across the region.
Europe Dominates EMEA Small Wind Turbines Market in Terms of Value
In terms of value, Europe currently dominates the EMEA small wind turbines market and is expected to retain its top position during the forecast period. Countries like Germany, UK, France and Italy have conducive policies promoting renewable energy adoption at commercial and community levels. Presence of leading global small wind turbine manufacturers and suppliers in these countries along with fair development incentives attract significant market investments. Moreover, growing emphasis on clean energy independence is driving installations of small wind power systems across farms, businesses and townships.
Africa Shows Fastest Growth in EMEA Small Wind Turbines Market
The small wind turbines market in Africa is anticipated to witness the fastest value growth over the next few years. This can be attributed to increasing electricity demand, favorable off-grid electrification policies of governments and multilateral development banks, and conducive wind resources in many countries. South Africa, Egypt, Ethiopia, Kenya and Morocco offer high growth potential with supportive regulatory frameworks and initiatives underway to achieve universal access to energy using renewable sources. Rising rural electrification rates through hybrid mini-grid solutions combining wind and solar also augurs well for small wind power adoption across the African continent in the coming years.
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