Small and medium wind installations to climb to 3.2 GW by 2023

A report by Navigant Research predicts installations of wind turbines in the small and medium space to grow to 3.2 GW over the next decade.

The report, “Small and Medium Wind Power,” analyzes the global market for SMWTs, defined as any turbine less than 500 kW in capacity, and found that while the US small and medium wind sector (SMWTs) remains stalled due to reduced government incentives, the UK will continue to be the leader in the area.
One of the authors of the report, Dexter Gauntlett, senior research analyst with Navigant Research sounded a note of caution on the industry’s prospects, saying, “The overall outlook for the small and medium wind market in each country will be determined by whether the industry can reduce costs and survive outside of government subsidies. While agriculture remains the primary customer type for small and medium wind power, several providers have found success displacing diesel in remote locations, sometimes in conjunction with solar PV systems as part of microgrids.”

The sector has recently matured, with growing numbers of manufacturers located around the world and expanding dealer networks, and momentum is building around the lease model that has enabled the distributed solar photovoltaic market to expand rapidly in the United States.

Feed-in tariff policies have helped create a boom over the last three years in the UK, but the US market is still struggling due to reduced state incentives and competition from solar PV systems that have dramatically declined in price.

The study examines the reasons for those issues and provides global market forecasts for capacity and revenue, broken out by region, extending through 2023.  The report also examines the key technologies related to SMWTs, as well as the competitive landscape. 

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