Small Wind Power Systems Will Surpass $700 Million in Annual Revenue by 2018, Forecasts Navigant Research

  Small Wind Power Systems Will Surpass $700 Million in Annual Revenue by
  2018, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- June 20, 2013

Although the market for small wind power systems has been in existence for 30
years, there are many signs that the industry is reaching a critical juncture.
The past 18 months have seen a number of bankruptcies and acquisitions among
small wind turbine manufacturers. Nevertheless, the overall opportunity for
small wind power remains strong across a variety of applications in both
developed and developing countries. According to a recent report from Navigant
Research, the worldwide market for small wind systems will reach $723 million
by 2018, with $3.3 billion in cumulative sales from 2013 through 2018.

“Small wind is growing primarily as a result of state and national incentives,
including a burgeoning market in the United Kingdom,” says Dexter Gauntlett,
research analyst with Navigant Research. “The question is: Can the small wind
turbine industry grow to more than just a niche market, and attract the
investment required to drive down costs? Given the precipitous price declines
for solar photovoltaic modules, distributed solar PV is increasingly
competitive with small wind.”

“Community wind” refers to wind generation assets that are owned by a group of
local people (usually farmers and business people, but sometimes a
municipality) who create a limited liability company, which in turn enters
into a power purchase agreement with the local utility. Arrangements like
these are growing in popularity. Common in parts of Europe, community wind is
now emerging in rural, windy areas of the United States – particularly
Minnesota and Iowa – as a vehicle for economic development, the study
concludes.

The report, “Small Wind Power”, examines the global market for small wind
power, focusing on manufacturers of small wind turbines. Market drivers and
barriers, technology issues, and the competitive landscape are explored in
detail, and worldwide forecasts for both revenue and capacity for small wind
systems, segmented by region, extend through 2018. An Executive Summary of the
report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, a part of Navigant Consulting, Inc. (Navigant), provides
in-depth analysis of global clean technology markets. The team’s research
methodology combines supply-side industry analysis, end-user primary research
and demand assessment, and deep examination of technology trends to provide a
comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation,
Smart Industry, and Smart Buildings sectors. Additional information about
Navigant Research can be found atwww.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Small Wind Power,” is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions and
expectations are inherently uncertain and actual results may differ materially
from those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.

Contact:

Navigant Research
Richard Martin, +1-303-997-7609
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
 
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