Global Small Wind Strategic Industry Report 2024: A $2.3 Billion Market by 2030 - Wind Energy to Get Turbocharged & Scale Greater Heights with Futuristic Innovations [Yahoo! Finance]
INTERTEK GROUP UNSP/ADR (IKTSY)
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Source: Yahoo! Finance
Global Small Wind Market to Reach $2.3 Billion by 2030 The global market for Small Wind estimated at US$1.2 Billion in the year 2023, is projected to reach a revised size of US$2.3 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2023-2030. The energy sector faces significant challenges due to the COVID-19 pandemic, particularly impacting the small wind sector. Despite this, there are opportunities for growth in the power and energy sector post-pandemic. The pandemic's impact on the small wind market is analyzed, alongside the competitive scenario and the global key competitors' market share in 2023. The competitive market presence is categorized into strong, active, niche, or trivial for players worldwide. Global market prospects and outlook are discussed, including sales breakdown by application, axis type, and installation type for the small wind market. Horizontal Axis Small Wind Turbine, one of the segments analyzed in the report, is projected to recor
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