Small Wind Market Is Likely To Up Demand At A USD 2.54 Billion By 2030
San Francisco, 27 Oct 2022: The Report Small Wind Market Size, Share & Trends Analysis Report By Application (Off Grid, On Grid), By Axis Type (Horizontal Axis, Vertical Axis), By Region And Segment Forecasts, 2022 – 2030 The global small wind market size is expected to reach USD 2.54 billion by 2030, expanding at a CAGR of 9.2% during the forecast period, 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 propelling the market growth. Increasing global population coupled with rising energy deficit are some of the factors anticipated to positively influence the 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 reduce the burden on the use of non-renewable source