Overview and Scope
Wind turbine automation refers to integrating technology to control and optimize the operation of wind turbines, improving efficiency and reducing downtime. This automation includes real-time monitoring, control of blade pitch, power output regulation, and system diagnostics to enhance performance and reliability.
Sizing and Forecast
The wind turbine automation market size has grown strongly in recent years. It will grow from $14.16 billion in 2023 to $15.56 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to innovation in automation technology, cost reduction initiatives, scaling of wind energy capacity, supportive regulatory environment, emphasis on safety standards.
The wind turbine automation market size is expected to see grown strongly in the next few years. It will grow to $21.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to integration of automation with digitalization and IoT, advancements in artificial intelligence (AI) for wind turbines, adoption of automation in hybrid renewable energy systems, automation solutions for energy storage integration, automation solutions for offshore wind farms. Major trends in the forecast period include autonomous operations, predictive maintenance, edge computing and real-time monitoring, cybersecurity solutions, integration with grid management systems.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/wind-turbine-automation-global-market-report
Segmentation & Regional Insights
The wind turbine automation market covered in this report is segmented –
1) By System: Supervisory Control And Data Acquisition (SCADA) Systems, Programmable Logic Controllers (PLC) Systems, Distributed Control Systems (DCS), Condition Monitoring Systems (CMS), Other Systems
2) By Component: Hardware, Software, Services
3) By Application: Offshore Wind Power Generation, Onshore Wind Power Generation, Other Applications
Europe was the largest region in the wind turbine automation market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wind turbine automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=14535&type=smp
Major Driver Impacting Market Growth
The increasing adoption of wind energy is expected to propel the growth of the wind turbine automation market going forward. Wind energy refers to the kinetic energy generated from the movement of air masses across the Earth’s surface, primarily harnessed through wind turbines to produce electricity. The adoption of wind energy is increasing because of its sustainability and cost-effectiveness in renewable energy production. Wind turbine automation improves efficiency, reliability, and safety in turbine operations. It helps monitor, schedule maintenance, detect faults, and optimize turbine performance to increase energy production and reduce operational costs. For instance, according to the International Energy Agency, a France-based intergovernmental organization, the electricity generated by wind surged by 265 TWh in 2022, marking a 14% increase from 2021, the second-largest growth among all power generation technologies. Wind energy remains the foremost non-hydro renewable technology, having produced over 2100 TWh in 2022, surpassing the combined output of all other renewable sources. Therefore, the increasing adoption of wind energy is driving the growth of the wind turbine automation market.
Key Industry Players
Major companies operating in the wind turbine automation market are Siemens AG, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation, Parker Hannifin Corporation, Vestas Wind Systems A/S, Emerson Electric Co., Danfoss, Rockwell Automation Inc., Nordex SE, Omron Corporation, Fanuc Corporation, Enercon GmbH, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Moog Inc., Suzlon Energy Limited, Axiomtek, Bachmann electronic GmbH, Inox Wind, Prima Automation
The wind turbine automation market report table of contents includes:
1. Executive Summary
2. Wind Turbine Automation Market Characteristics
3. Wind Turbine Automation Market Trends And Strategies
4. Wind Turbine Automation Market – Macro Economic Scenario
5. Global Wind Turbine Automation Market Size and Growth
.
32. Global Wind Turbine Automation Market Competitive Benchmarking
33. Global Wind Turbine Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wind Turbine Automation Market
35. Wind Turbine Automation Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
