Small Wind Market Boost The Industry Growth at a CAGR Of 14.3% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 31 October 2019: The Report Small Wind Market Analysis, By Application (Off grid, On grid), By Axis Type (Horizontal Axis, Vertical Axis), By Region (North America, Europe, Asia Pacific, South & Central America and MEA) And Segment Forecasts, 2018 – 2025 The global small wind market is expected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth. Increasing global population coupled with rising energy deficit are some of the factors anticipated to positively influence the small wind market. In addition, the gradual reduction in per kilowatt prices along with affordable installation prices of wind turbines for electricity demand will favor the business growth. Stringent government regulations are encouraging grid connectivity to re...