Global Annual Installed Capacity of Small and Medium Wind Turbines is Expected to Exceed 446 MW in 2026
Despite weakening policy drivers and competition from declining solar PV prices, the SMWT industry is still poised for growth. With a large amount of wind resource potential still available, plus several growing and emerging markets, the industry is anticipated to sustain itself into the foreseeable future. Click to tweet: According to a new report from @NavigantRSRCH, the global installed capacity of SMWTs is expected to grow from 176.4 MW in 2017 to 446.0 MW in 2026.
"With historically leading markets such as the United States, the United Kingdom, and China seeing declining annual installed capacities of small and medium wind in recent years, other countries such as Japan, Denmark, and Italy are emerging as forces in the distributed wind market thanks to favorable government incentives," says Adam Wilson, research associate with Navigant Research. "We're also seeing a shift with medium-sized turbines as their niche slowly shrinks as drivers continue to favor small wind turbines for distributed wind and larger multi-megawatt turbines dominating utility-scale applications." Full Press Release:
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