France Small Wind Power Market
The France Small Wind Power Market is witnessing a steady growth trajectory, spurred by the country’s commitment to renewable energy and reducing greenhouse gas emissions. France, known for its robust energy policies and significant investments in renewable energy, has identified small wind power as a crucial component of its diversified energy portfolio. Small wind turbines, typically with capacities up to 100 kW, are increasingly being adopted for residential, agricultural, and small industrial applications across the country.
Government policies and incentives are pivotal in driving the adoption of small wind turbines in France. The French government’s Multiannual Energy Program (Programmation Pluriannuelle de l'Énergie - PPE) sets ambitious targets for renewable energy, aiming to increase the share of renewables in the energy mix. Financial incentives such as feed-in tariffs and subsidies have historically supported the development of small wind projects, making them financially viable for a broader range of users. Although some incentive schemes have evolved, new policies continue to promote small wind power development.
France’s commitment to reducing carbon emissions and combating climate change is a significant driver for the small wind power market. The country aims to achieve carbon neutrality by 2050, and small wind turbines play a role in this transition. Small wind projects contribute to the decentralization of energy production, allowing for localized generation and consumption. This decentralization reduces transmission losses and enhances energy security, particularly in rural and remote areas.
Technological advancements have played a crucial role in enhancing the performance and efficiency of small wind turbines in France. Innovations in turbine design, materials, and control systems have led to the development of more efficient and reliable turbines. These technological improvements have reduced the levelized cost of electricity (LCOE) from small wind turbines, making them more competitive with other renewable energy sources. Additionally, the integration of smart grid technologies and energy storage systems has increased the flexibility and resilience of small wind power systems.
The market for small wind turbines in France also benefits from the country’s strong manufacturing and engineering capabilities. France is home to several leading manufacturers of wind turbine components and systems, providing a solid industrial base for the small wind sector. These manufacturers are continuously investing in research and development to improve turbine efficiency, reliability, and cost-effectiveness. The presence of a skilled workforce and advanced engineering expertise further supports the growth of the small wind power market in France.
However, the France small wind power market faces several challenges. One of the primary challenges is the complex and stringent regulatory environment. Obtaining permits and approvals for small wind projects can be time-consuming and costly, potentially deterring some investors. Additionally, fluctuations in wind speed and direction can impact the performance of small wind turbines, necessitating careful site selection and turbine placement. Despite these challenges, the market outlook remains positive, driven by ongoing technological advancements and supportive government policies.
In conclusion, the France small wind power market is poised for growth, supported by favorable government policies, technological advancements, and the country’s commitment to renewable energy. While regulatory challenges persist, the potential for small wind turbines to contribute to France’s clean energy goals and enhance energy security is significant. As technology continues to evolve and regulatory frameworks become more streamlined, the adoption of small wind turbines in France is expected to accelerate, making a substantial contribution to the country’s renewable energy transition.
Market Research Future (MRFR) projects the small wind power market to reach USD 14.80 Billion at a CAGR of 14.82% from 2024 to 2030 (forecast period).
Small wind turbines include a broad variety of wind turbines, ranging from micro turbines to residential turbines and mini turbines. The wind turbines used in such end-use applications have power ratings spanning from a few watts to a thousand watts. Small wind turbines involve wind turbines up to 15 meters in diameter.
The small wind power market has seen enormous opportunities around the globe as consumers become more aware of the use of renewable energy sources. In addition, the rise in demand for renewable energy sources, combined with rapid industrialization, is boosting the development of the small wind power market.
In addition, the market has seen significant growth in recent years due to an increase in energy demand and an increase in concerns regarding the environmental impact of power generation using fossil fuels. In addition, increased investment by government agencies to boost electricity generation by incorporating renewable energy sources, such as wind, has bolstered market growth.
COVID-19 Impact on the small wind power Market
The industry is expected to experience a moderate slowdown due to the worldwide outbreak of a new coronavirus pandemic. Manufacturing operations are at a halt because of labor shortages. This has led to a substantial decrease in demand from the end-use industries.
Market Segmentation
The small wind power industry has been segmented into grid connectivity and axis.
Based on grid connectivity, the small wind power market has been segmented into on-grid and off-grid. Off-Grid held the largest market share of 63.84% in 2016, with a market value of USD 2,224.9 million, and is expected to grow at the highest CAGR of 14.06% during the forecast period. The off-grid solution is a system that runs independently and is not related to the electricity distribution system.
It is also called stand-alone systems. On-Grid was the second-largest market in 2016, estimated at USD 1,260.5 million in 2016; it is estimated to grow at a CAGR of 13.57%. The grid-connected small wind turbine system or grid-connected system is an electricity-generating small wind turbine system that is linked to the utility grid. A grid-connected wind turbine can help decrease your consumption of utility-supplied electricity for your domestic appliances or a bigger load for business empowerment.
Based on the axis, the small wind power market has been segmented into horizontal axis and vertical axis. The horizontal axis held the largest market share of 65.07% in 2016, with a valuation of USD 2,267.9 million, and is expected to grow at a CAGR of 13.03% during the assessment period. The horizontal axis wind turbine, with blades that spin around an axis parallel to wind flow. Horizontal axis wind turbines were commonly used in farms, small villages, homes, and small businesses. The vertical axis earned the second-largest spot in 2016, estimated at USD 1,217.5 million in 2016; it is anticipated to rise at the highest CAGR of 15.37%.
Regional Analysis
Region-wise, the small wind power market has been segmented into Europe, North America, Asia Pacific, and the rest of the world.
Europe to rise with the highest CAGR
Europe held the largest market share of 41.32% in 2016, with a market value of USD 1.440.2 million, and is expected to rise at a CAGR of 13.98% during the assessment period. The small wind power boom is part of a larger transition from fossil fuels to renewable energy across the European Union. European governments and the EU have promoted small wind projects with attractive incentives as part of their carbon emission reduction targets. The recorded small wind capacity placed in Europe reached more than 272,6 MW by the end of 2015. The UK was the industry leader with 15% of global installed capacity in 2015.
Competitive Landscape
The industry giants in the small wind power market are Kingspan Group Plc. (Ireland), Ennera Energy and Mobility, S.L. (Spain), Northern Power Systems Corp. (U.S.), Eocycle Technologies Inc. (Canada), Guangzhou HY Energy Technology Co., Ltd (China), Shanghai Ghrepower Green Energy Co., Ltd (China), Endurance Wind Power Inc. (Canada), Bergey Wind Power Co. Inc. (U.S.), Aeolos Wind Energy Ltd (U.K.), XZERES Wind Corporation (U.S.), and City Windmills Holdings PLC (U.K.).
Notable players in the market have adopted various strategies to maintain and/or increase their market share. The main strategy adopted by the majority of companies in the small wind power industry was the development of new products. A new product development approach has been widely adopted to increase the number of product offerings to the consumer. For example, Eocycle Technologies Inc. has released its next-generation EO25 wind turbine. The new wind turbine offers a 65% increase in energy production compared to the same model from the previous generation. No other small wind turbine can match its performance. At 6 m/s, the turbine has a certified capacity factor of 44%, culminating in an annual output of more than 87,000 kWh.
Summary
The small wind power market is anticipated to reach USD 8,601.9 million at a CAGR of 13.88% from 2014 to 2023 (forecast period). Small wind turbines are used to power remote or off-grid applications like homes, farms, refuges or beacons. The small wind power market has seen enormous opportunities around the globe as customers become more conscious of the use of renewable energy sources. In addition, increased demand for renewable energy sources, coupled with increasing industrialization, is fueling the growth of the small wind power market.
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