Standalone Wind Turbine Market Size (2023-2030)

The Global Standalone Wind Turbine Market was estimated to be worth USD 8.85 Billion in 2022 and is anticipated to reach a value of USD 11.39 Billion by 2030, growing at a fast CAGR of 3.2% during the forecast period 2023-2030.

A standalone wind turbine, also known as a small-scale or off-grid wind turbine is not connected to a grid that helps to convert the kinetic energy of the wind into electrical energy that can be used for generating electricity in rural areas, farms, telecommunication towers, and others. Since they are not connected to a grid, they incorporate battery storage that stores excess electricity generated by the wind turbine for future use, thereby making electricity accessible to all.  Further, these turbines are typically small in size and their capacity ranges from 100watts to a few kilowatts, depending upon the wind turbine model. Moreover, these are used to generate electricity for individual homes, farmlands, small-scale businesses, or power generation in remote communities. Additionally, these turbines can be used in both on-grid and off-grid systems. Growing environmental concerns regarding carbon emissions have increased the demand for standalone wind turbines in the market.

Global Standalone Wind Turbine Market Drivers:

Environmental concerns drive the market for standalone wind turbines.

Growing environmental issues such as climate change and pollution, have shifted energy demands towards non-renewable sources of energy such as standalone wind turbines. Fossil fuels are a major contributor to greenhouse gases, that is when fossil fuels are burned, it releases carbon dioxide into the atmosphere resulting in climate change. Standalone wind turbines are a clean and sustainable alternative to conventional energy sources that helps in harnessing wind power and converting it into electricity. Moreover, wind energy is considered a form of ‘green energy’, as it does not produce CO2 emissions during the power generation process. Additionally, it helps to reduce carbon footprint. Furthermore, they are a cost-effective solution as they generate free energy from the wind.

Technological advancements in wind turbine technology boost the demand for standalone wind turbines in the market.

Technological advancements in wind turbine technology have enhanced the performance, efficiency, and reliability of wind turbines, making them a popular choice of power generation among consumers. Advancements in the design of the blade and control systems such as rotor blade design enable wind turbines to capture more energy from lower wind speeds. Additionally, the use of sustainable and durable materials in manufacturing standalone wind turbines such as carbon fiber, has made turbines lighter, more robust, and more durable. In addition, the use of pitch control systems for adjusting the rotor blades for optimizing wind power and the use of active yaw control systems that ensure maximum turbine energy production, have improved the efficiency, safety, and overall functionality of standalone wind turbines. Furthermore, grid integration with smart devices has ensured seamless connection to the electrical grid and hence optimized the power control and generation process. Additionally, remote grid monitoring provides predictive analytics tools to monitor the data of the wind turbines and helps to optimize their maintenance, thereby reducing downtime of the turbine and ensuring long-term performance.

Global Standalone Wind Turbine Market Challenges:

Weather inconsistency can hamper the demand for standalone wind turbines in the market. Unforeseen climatic conditions can affect the functioning of standalone wind turbines as it relies on wind resources for power generation.

Furthermore, upfront costs of installing standalone wind turbines and periodic maintenance costs can become hefty in the budget for consumers, and hence decline their demand in the market.

Global Standalone Wind Turbine Market Opportunities:

The Global Standalone Wind Turbine Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, product launches, and agreements during the forecasted period. Furthermore, the increasing demand for renewable energy sources for electricity generation is predicted to develop the market for standalone wind turbines and enhance its future growth opportunities.

COVID-19 Impact on the Global Standalone Wind Turbine Market:

The pandemic had a significant impact on the standalone wind turbine market. Due to the lockdown, all the industries and manufacturing facilities were closed down, which resulted in installation delay of standalone wind turbines. Moreover, due to a shortage of labor, there was a delay in the maintenance of existing wind turbines, which resulted in decreased performance of wind turbines. In addition to that, reduced energy demands during the pandemic as a result of remote work and reduced industrial activity, there was a decline in standalone wind turbines in the market.

Global Standalone Wind Turbine Market Recent Developments:

• In May 2023, Goldwind, launched the world’s largest onshore wind turbine with 12 megawatts of power capacity in China. It aims to supply energy to remote locations like farmlands and thus increasing energy and power accessibility to all.

STANDALONE WIND TURBINE MARKET REPORT COVERAGE:

Global Standalone Wind Turbine Market Segmentation:

Global Standalone Wind Turbine Market Segmentation: By Axis

• Vertical Axis
• Horizontal Axis

Based on market segmentation by axis, the horizontal axis occupies the highest share of the market. It is the most common type of standalone wind turbine used for various purposes such as residential applications, farming activities, community and micro-grid projects, and others. These are typically mounted on top of a tower in the horizontal direction and offer higher efficiency in converting wind energy to electrical energy. Moreover, it offers larger power output and higher wind speeds compared to vertical axis standalone wind turbines.

Global Standalone Wind Turbine Market Segmentation: By End-user

• Agriculture
• Residential
• Commercial
• Education
• Government
• Others

By end-user, the agriculture segment occupies the largest share of the market. Farm and agricultural users are one of the biggest consumers of energy for various agricultural operations such as irrigation systems, livestock management, machinery, and processing facilities, which have boosted the usage of standalone wind turbines in agriculture. By installing these turbines, farmers can generate their electricity and save costs over time. Moreover, due to the strategic locations of farmlands in open space, these turbines perform well, making efficient use of available space and generating energy for agricultural operations.

The commercial segment is the fastest-growing segment during the forecast period. These include hotels, restaurants, cafes, offices, and small businesses that utilize standalone wind turbines for generating electricity on-site for electric appliances such as refrigerators, air conditioners, heaters, and others. It allows them to reduce their carbon footprint, lower energy costs, and increase energy efficiency.

The residential segment also occupies a large share of the market. Residential users use standalone turbines for multiple electricity generation purposes such as for supplying power to kitchen appliances, electronic devices, and others. Moreover, the rising adoption of smart home systems has increased the demand for energy and cost-saving power generation sources such as standalone wind turbines. Additionally, these turbines help them to lower their electricity bills and contribute towards a sustainable power generation process.

Global Standalone Wind Turbine Market Segmentation: By Size

• Small-Size Standalone Wind Turbine
• Medium-Size Standalone Wind Turbine
• Large-Size Standalone Wind Turbine

Based on market segmentation by size, small-size standalone wind turbines occupies the highest share of the market. These are designed for residential and small-scale purposes. These are compact and lightweight, often with power capacity from 100 watts to a few kilowatts, and are suitable to supply power to residential appliances, for charging batteries, or for heating water. Moreover, they are mounted on rooftops, poles, and small towers for effective electricity generation. Additionally, due to their compact size and lower power consumption, they require less maintenance.

The large-size standalone wind turbine segment is the fastest-growing segment during the forecast period. These turbines are larger and have a high power output of more than 1000 gigawatts. They are used for large-scale community projects such as construction and for huge agricultural operations.

Global Standalone Wind Turbine Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

North America occupies the highest share of the market. Increased environmental awareness and government support have boosted the demand for standalone wind turbines in the region. Renewable energy goals for reducing greenhouse gas emissions are set by countries such as the United States and Canada to contribute transition towards cleaner energy sources such as wind energy and achieve greater sustainability. Moreover, government support in the form of financial incentives, tax credits, and grants to support the production and adoption of renewable energy systems have further fuelled the growth of standalone wind turbines in the market.

Asia-Pacific is predicted to be the fastest-growing region during the forecast period. Due to increased power needs from rural and remote regions, there is an increase in demand for standalone wind turbines in the region. Countries such as India and China are focusing on promoting renewable energy in rural areas and remote locations by installing small-scale to large-scale wind turbines, thereby making electricity accessible to all.

Global Standalone Wind Turbine Market Key Players:

1. Edibon
2. Uprise Energy
3. Shine Turbine
4. IYSERT Energy
5. SD Wind Energy
6. Unitron Energy
7. Northern Power Systems
8. Tuge Energia
9. Ryse Energy