Impact of COVID-19 on the Small Wind Turbine Market

Published: Jul 2021

The global small wind turbine market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). The rising number of wind energy projects is one of the major factors driving the growth of the market small wind turbine market. According to the World Wind Energy Association, 93 gigawatts of new wind turbines were added within the year 2020. 

Browse the full report description of "Small Wind Turbine Market By Type (Horizontal Axis Wind Turbine and Vertical Axis Wind Turbine), by Grid-Type (On-Grid and Off-Grid)- Global Industry Share, Growth, Competitive Analysis and Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/small-wind-turbine-market

Some countries set new installation records, including China, the US, and Russia, while most European markets saw only modest growth. The strong growth in the small wind turbine market was witnessed even though many countries reported delays over the past year due to disrupted international supply chains and lack of labor availability. This strong development was achieved despite the pandemic. While COVID-19 appears to be slowing developments in some countries, it has generally not had any negative impact, however, it rather seemed to accelerate the switch to wind and other renewable energies.

Market Coverage

  • The market number available for – 2020-2027
  • Base year- 2020
  • Forecast period- 2021-2027
  • Segment Covered- 

o By Types

o By Grid-Type

  • Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World


  • Competitive Landscape- Northern Power Systems Inc., Bergey Wind Power Co., SD Wind Energy, Xzeres Wind Corp., and Ryse Energy

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Small Wind Turbine Market Report Segment

By Types

  • Horizontal Axis Wind Turbine
  • Vertical Axis Wind Turbine

By Grid-Type

  • On-Grid
  • Off-Grid

Global Small Wind Turbine Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

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