The EMEA small wind turbines market has been gaining significant traction over the recent years on account of rising concerns over carbon emissions and fossil fuel dependency. Small wind turbines are standalone wind energy systems designed for residential and small-scale commercial applications. They have lower installation and maintenance costs as compared to their utility-scale counterparts. Advancements in blade designs and power electronics have enabled small wind turbines to operate more efficiently even in low wind speed conditions. Strong policy support for renewables adoption along with various incentive schemes by governments have boosted the deployment of distributed energy technologies like small wind turbines across the European, Middle Eastern and African regions.
The Global EMEA Small Wind Turbines Market is estimated to be valued at US$ 63389.2 Mn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period from 2024 to 2031.
Key Takeaways
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. Indivior PLC is a prominent provider of small wind turbines in the European markets with over a decade of experience in manufacturing and installation.
The demand for Small Wind Energy Systems Market is being driven by the growing popularity of microgrid and off-grid applications especially in remote areas across Africa and Middle East that lack access to centralized electricity infrastructure. Rural electrification initiatives are boosting the adoption of distributed renewable energy resources like small wind turbines which can provide uninterrupted power to households and communities.
Furthermore, several European nations are expanding their interconnection capacities and power trading corridors with neighboring countries to strengthen their position as green energy hubs. This has encouraged international small wind turbine manufacturers to make strategic investments and establish manufacturing facilities within the EMEA region to better cater to the strong and growing local demand.
Market Key Trends
The development of hybrid power systems that combine small wind turbines with other distributed energy sources like solar PV and energy storage is one of the key trends observed in the EMEA small wind turbines market. Hybrid solutions offer greater reliability of power supply and optimize the utilization of each technology based on varying wind and solar resource availability. They also provide critical backup power during emergencies. Advanced digital monitoring and remote management capabilities allow hybrid systems to be efficiently operated with minimal maintenance requirements.
Porter’s Analysis
Threat of new entrants: Low due to high initial investment requirement for manufacturing plants and R&D.
Bargaining power of buyers: Moderate as there are various options available but demand is increasing for renewable power sources.
Bargaining power of suppliers: Moderate as key components can be sourced from different suppliers but overall reliability is important for buyers.
Threat of new substitutes: Moderate threat from other renewable sources of energy like solar but small wind remains cost effective for certain applications.
Competitive rivalry: High among existing players to gain market share and achieve economies of scale due to presence of multiple technology providers.
Geographically, Europe accounts for the largest share of the EMEA small wind turbines market currently in terms of value due to supportive regulatory policies. Countries like Germany, France and UK are major markets. Asia Pacific region is expected to register the fastest growth during the forecast period owing to rising investments in renewable energy infrastructure across emerging nations like China and India. These nations offer potential for market expansion through rural electrification programs using small wind power.