Skip to content

Growth projected for small wind turbine industry, anticipating a compound annual growth rate of 11.2% through 2034.

The projected value of the Small Wind Turbine Market is anticipated to reach approximately USD 4.6 billion by 2034, ascending from USD 2.4 billion in 2024, with a compound annual growth rate (CAGR) of 11.2%.

Rapid Growth Projected for Small Wind Turbine Industry, Anticipated 11.2% Annual Increase by 2034
Rapid Growth Projected for Small Wind Turbine Industry, Anticipated 11.2% Annual Increase by 2034

Growth projected for small wind turbine industry, anticipating a compound annual growth rate of 11.2% through 2034.

The global Small Wind Turbine Market is on an upward trajectory, with a projected value of USD 4.6 billion by 2034. This growth is driven by a surge in interest among homeowners and small businesses, particularly those in the 5kW to 10kW range.

In 2024, the Asia-Pacific (APAC) region held a significant 42.4% market share, with a value of approximately USD 1.0 billion. Key players in the region include global manufacturers focusing on energy efficiency and renewable integration. The growth in the APAC market is primarily driven by government incentives and modernization of power infrastructure.

One of the key factors fueling this growth is the adoption of technological advancements in small wind turbines. Improved blade designs and smart grid integration are boosting efficiency and lowering costs, making these systems more accessible and attractive to consumers.

A notable development in this regard is the introduction of the Aeolos-H 10kW turbine by Aeolos Wind Energy Ltd, optimized for urban and residential use with reduced noise levels. Another innovation is the Helix 5kW, a compact helical turbine for rooftops, unveiled by City Windmills Holdings PLC.

Bergey Windpower Co. also joined the fray with the launch of the Excel 15, a 15kW turbine designed for off-grid and hybrid systems. EOCYCLE introduced the EcoWind 3kW, a turbine made with recyclable materials, further emphasizing the industry's commitment to sustainability.

The 5kW to 10kW capacity range of small wind turbines led with a 45.3% share in 2024, reflecting consumer demand for space-efficient systems in urban areas. Rooftop installations held a 67.5% share in 2024, underscoring this trend.

Residential applications captured a 42.3% share in the Small Wind Turbine Market in 2024, highlighting the increasing adoption of these systems for home energy production. On-grid small wind turbines lead with a 67.3% share, indicating the growing confidence in the reliability and efficiency of these systems.

India made a significant contribution to the market in 2023, installing 2.8 GW of new wind capacity, pushing its cumulative capacity to 44.7 GW by year-end. China also added 60 MW of small wind turbine capacity in 2024, reaching a cumulative total of 704.32 MW.

In 2025, Horizontal Axis small wind turbines dominated the market with an 87.2% share. However, specific company names and detailed success metrics from Asia-Pacific small wind turbine players in 2025 were not explicitly listed in the search results. The region led in combined heat and power markets due to urbanization, industrial energy demand, and renewable energy integration.

In conclusion, the Small Wind Turbine Market is poised for continued growth, driven by technological advancements, growing consumer demand, and government support. The industry is expected to remain dynamic, with innovative solutions and applications continuing to emerge.

Read also: