Us Small Vertical Axis Wind Turbine Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Small Vertical Axis Wind Turbine Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 12.2% from 2024 to 2030.
The U.S. small vertical axis wind turbine market is experiencing significant growth, driven by the increasing demand for renewable energy sources and technological advancements. Vertical axis wind turbines (VAWTs) are gaining popularity due to their unique design, which allows them to operate efficiently in turbulent wind conditions and requires less maintenance compared to traditional horizontal axis wind turbines (HAWTs). In 2023, the global small wind power market was valued at approximately $17.1 billion and is projected to reach $17.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.8%. The U.S. market is a significant contributor to this growth, with increasing installations of small wind turbines in residential, commercial, and industrial sectors. The adoption of VAWTs in the U.S. is particularly notable in urban and suburban areas, where their compact design and ability to operate in turbulent wind conditions make them ideal for distributed energy generation. Technological advancements have played a crucial role in the growth of the small wind turbine market. Innovations in turbine design and materials have led to more efficient and cost-effective solutions, making small wind turbines more accessible to a broader range of consumers. For instance, the development of the Windspire, a small VAWT intended for individual use, has been reported to have been installed across the U.S. by June 2008. Additionally, Arborwind, an Ann Arbor, Michigan-based company, produces a patented small VAWT that has been installed at several U.S. locations as of 2013. citeturn0search6 The U.S. government has implemented various incentives and policies to promote the adoption of renewable energy sources, including small wind turbines. These incentives have made it more financially feasible for individuals and businesses to invest in small wind power systems. For example, in 2008, small wind turbines with capacities of 100kW or less added a total of 17.3 MW of generating capacity in the U.S., representing a 78% increase in the domestic market for small wind turbines. citeturn0search7 Looking ahead, the U.S. small vertical axis wind turbine market is expected to continue its upward trajectory. The growing emphasis on sustainable energy solutions, coupled with ongoing technological advancements and supportive government policies, positions the market for substantial growth in the coming years. As consumers and businesses increasingly seek alternative energy sources, small wind turbines, particularly VAWTs, offer a viable and efficient solution for distributed energy generation.
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Hi-VAWT
Inerjy
SAWT Inc
Eastern Wind Power
VWT Power Ltd
Aeolos
Windside
Sky Harvest
V-Air Wind Technologies
ANew Institute
Arborwind?LLC
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Small Vertical Axis Wind Turbine Market
Darrieus Turbines
Savonius Turbines
Hybrid Turbines
Residential
Commercial
Industrial
Agricultural
Passive Systems
Active Systems
Smart Turbines
Aluminum
Steel
Composite Materials
Eco-conscious Consumers
Small Business Owners
Energy Companies
Government Institutions
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Small Vertical Axis Wind Turbine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Small Vertical Axis Wind Turbine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Small Vertical Axis Wind Turbine Market, By Type
6. Global Small Vertical Axis Wind Turbine Market, By Application
7. Global Small Vertical Axis Wind Turbine Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Small Vertical Axis Wind Turbine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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