Small Wind Market Size To Reach $2,213.9 Million By 2030

Small Wind Market Growth & Trends

The global small wind market size is estimated to reach USD 2,213.9 million by 2030, registering to grow at a CAGR of 4.3% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is propelling the market growth. Increasing global population coupled with rising energy deficit are some of the factors anticipated to positively influence the market. In addition, the gradual reduction in per kilowatt prices along with affordable installation prices of wind turbines for electricity demand will favor the business growth.

Stringent government regulations are encouraging grid connectivity to reduce the burden on the use of non-renewable sources for electricity generation. Numerous financial and economic benefits including Feed-in-Tariffs (FiT), Production Tax Credit (PTC), and Investment Tax Credit (ITC) among others are expected to augment the market growth over the forecast period. The COVID-19 pandemic impacted several industries as they were impacted due to the lockdown imposed in many countries. As the industrial operations stopped due to the pandemic, the market experienced a significant dip in 2020 owing to the reduction in energy consumption. This was further attributed to the disruptions of the supply chain & delays or postponement of wind projects in the renewable industry.

The off grid segment dominated the market with the largest revenue share of 51.9% in 2024. The demand for off-grid wind turbines can be attributed to the long-standing conventional methods of harnessing this energy for electrification, however, this segment is set to witness a decline due to the government initiatives launched to boost grid connectivity. Such regulatory initiatives are expected to boost the demand for on-grid small wind applications over the forecast period.

Horizontal Axis Wind Turbines (HAWT) are the preferred axis type in the global small wind market given the ease in installation coupled with affordable pricing. However, the increasing demand for Vertical Axis Wind Turbine (VAWT) from a large number of consumers is expected to boost the market growth of this segment in upcoming years.

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Small Wind Market Report Highlights

• Based on connectivity, the off grid segment dominated the market with the largest revenue share of 51.9% in 2024. The off grid segment is a vital component of the renewable energy landscape, particularly for providing electricity in remote and rural areas where grid access is limited or non-existent.

• Based on axis, the horizontal axis wind turbine dominated the market with the largest revenue share of 69.7% in 2024. The growth of horizontal axis wind turbines (HAWTs) is driven by their established efficiency and reliability in harnessing wind energy for electricity generation

• Europe small wind market dominated globally and accounted for the largest revenue share of over 38.5% in 2024. The small wind turbine market in Europe is witnessing significant growth, fueled by a strong commitment to renewable energy and supportive government policies.

Small Wind Market Segmentation

Grand View Research has segmented the global small wind market based on on connectivity, axis, and region:

Small Wind Connectivity Outlook (Capacity, MW; Revenue, USD Million, 2018 - 2030)

• Off grid

• On grid

Small Wind Axis Outlook (Capacity, MW; Revenue, USD Million, 2018 - 2030)

• Horizontal Axis Wind Turbines

• Vertical Axis Wind Turbines

Small Wind Regional Outlook (Capacity, MW; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Italy

  • Spain

  • France

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players in Small Wind Market

• Envergate Energy AG

• Kingspan Group

• Kliux Energies

• superwind GmbH

• Bergey Windpower Co.

• EOCYCLE

• Shanghai Zhiyuan Green Energy Co., Ltd.

• Northern Power Systems

• XZERES Corp.