Small wind power annual installations to double by 2018, report says

Sonkyo Energy small wind turbine

Navigant Research has issued a report predicting that annual global installations of small wind turbines will double in capacity in the next five years, growing from 86 MW in 2012 to 172 MW in 2018, representing $3.3 billion in revenue.

Although the company said the U.S. market for small wind turbines is attempting to regain momentum following the expiration of rebates and other key incentive program in some states, the overall market for small wind turbines is growing as a result of policies in the United Kingdom and Italy. In addition, the market will be driven by the growing demand for onsite generation, volatile diesel fuel costs and China’s growing need for power.

Although the small wind turbine market is facing a challenge from the solar photovoltaic sector, wind still offers unique advantages, according to Navigant Research.

To order the full report, click here.

Read more wind energy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...