newswirepr

The Global Micro Wind Turbine Market size is forecast to reach $297.1 Million by 2027, growing at a CAGR of 6.5% from 2022 to 2027. Micro Wind Turbine is a part of electricity-generating wind turbines with an operating capacity of up to 100 kilowatts and is involved in genents caused by conventional electricity-generating technologies including oil, coal and other forating clean electricity in various locations, from urban localities to rural areas without any access to centralized grids.  The growing global demand for electricity, as well as rising environmental issues such as increased emission of greenhouse gases and indoor air pollutassil fuels, have been impacting its market growth. Rising advancement towards horizontal axis wind turbine and vertical axis wind turbine is enhancing beneficiary capabilities like high reliability, low maintenance and automatic operation in adverse weather conditions, which in turn is accelerating the market demand for small wind power technology (S

The global Multi Rotor Wind Turbine market size is forecast to reach $12.1 billion by 2026, growing at CAGR 6.3% during the forecast period 2021-2026. Factors attributing to the market growth include a combination of improved rotor-nacelle assembly (RNA) in wind turbines, growing demand for turbines having upper hub heights as well as longer blades with larger swept areas, and others.  Compared to conventional single rotor wind turbines, multi-rotor ones are capable of wind power generation with high energy output and minimized turbulence, aiding its market growth over time. In addition, governmental efforts towards promoting the use of sustainable renewable energy sources, investments on wind farm projects along with rising demand towards generating more power under low costs for installation and transportation can also impact its market growth. Moreover, increasing shift towards renewable sources like wind energy as well as growing research works towards optimizing wind turbine desig

The Distributed Energy Storage market size is forecast to reach $19.2 billion by 2027, growing at CAGR 8.6% from 2022 to 2027. The growth of this market is mainly driven by increasing demand for continuous electricity, increasing investment on renewable energy projects by both developed and developing countries and rising demand for grid storage technology, especially micro-grid.  Rapid industrialization and growth in purchasing power increases the demand for power, which enhances the adoption of distributed energy storage system including renewable energy storage, thermal energy storage , superconducting magnetic energy storage, flywheel energy storage, battery energy storage system and others, as it helps in meeting the energy requirement during peak hours. Furthermore, governments are taking various initiatives to promote the usage of renewable energy as a prime source of power generation, which is boosting the growth of distributed energy storage market. Hence, the above-mentioned