EMEA Small Wind Turbines Market is Anticipated to Witness High Growth Owing to Increased Adoption of Renewable Energy Sources

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Market Overview:
The EMEA small wind turbines market comprises small wind turbines having capacity below 100 kW that are used as distributed power generation source. Small wind turbines provide efficient and sustainable solutions for supplying power to homes, farms and small businesses in remote areas which are not connected to national grid. With rising electricity prices and need for reducing dependence on non-renewable energy sources, small wind turbines have emerged as a viable alternative in the EMEA region. Some key advantages of small wind turbines include lower installation and maintenance cost compared to large utility-scale wind turbines, easy integration with existing infrastructure and capability to provide electricity during power outages. 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: Key players operating in The EMEA Small Wind Turbines Market are Indivior PLC, Alkermes, Orexo AB, Titan Pharmaceuticals, Inc., Teva Pharmaceutical Industries Ltd., Mallinckrodt Pharmaceuticals, BioDelivery Sciences International Inc., Viatris Inc., Pfizer, Inc., Hikma Pharmaceuticals PLC, and Camurus.

Key opportunities: Rising focus on achieving Renewable Purchase Obligations and targets for clean energy generation present significant growth opportunities for small wind turbine manufacturers and suppliers in the EMEA region. Growing rural electrification programs also offer scope for widespread adoption of decentralized off-grid power systems comprising small wind turbines.

Global Expansion: Major small wind turbine companies are focusing on expanding their geographical footprint and addressable market in developing nations across Middle East, Asia Pacific and Africa. Strategic partnerships with local energy service providers and financing companies help accelerate rural electrification projects and global expansion efforts.

Market drivers: Increasing investments by governments and international organizations towards modernizing rural infrastructure and boosting renewable energy adoption are a key driver for the EMEA small wind turbines market. Availability of favorable policy incentives such as tax exemptions, capital and installtion subsidies makes small wind turbines cost competitive compared to diesel gensets.

Market restraints: High upfront capital cost of installation and long payback periods restrain widespread adoption of small wind turbines in some parts of the EMEA region. Inconsistent wind patterns in certain areas also affect the consistency and reliability of power generation from wind turbine systems requiring additional investments into battery storage infrastructure.

Segment Analysis
The EMEA small wind turbines market is dominating by mini turbines sub segment as these turbines are affordable and much more suitable for commercial and residential use. Mini turbines for its low cost of installation and low maintenance requirement is preferred by homeowners and small businesses. These turbines are highly scalable for application in wide range of locations including urban areas.

The global EMEA small wind turbines market is highly fragmented with varied regional preferences. Asia Pacific region is the fastest growing market for small wind turbines mainly due to supportive government policies for adoption of renewable energy in countries like China and India. These countries offer lucrative subsidies and tax benefits for installation of small wind turbines for both commercial and residential uses which are fueling market growth. European region currently dominates the global market backed by strong emphasis on renewable energy goals. Stringent emission norms in the EU has accelerated installations of small wind turbines across homes, farms and businesses over the last decade.

 

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