Small Wind Power Systems Will Surpass $700 Million in Annual Revenue by 2018
Navigant Research, June 20, 2013
Although the market for small wind power systems has been in existence
for 30 years, there are many signs that the industry is reaching a
critical juncture. The past 18 months have seen a number of bankruptcies
and acquisitions among small wind turbine manufacturers. Nevertheless,
the overall opportunity for small wind power remains strong across a
variety of applications in both developed and developing countries.
According to a recent report, “Small Wind Power,” the
worldwide market for small wind systems will reach $723 million by 2018,
with $3.3 billion in cumulative sales from 2013 through 2018. Common in
parts of Europe, community wind (i.e., wind generation assets that are
owned by a group of local people) is now emerging in rural, windy areas
of the United States particularly Minnesota aand Iowa as a vehicle
for economic development, the study concludees.
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