Wind Turbine Automation Market Scope and Size by 2031
Wind turbine automation is the process of installing a computer-based intelligent system, which controls the turbine functioning and detects failures, optimizes wind turbine performance through motion control and maximizes energy conversion. The automation may be completely integrated or implemented in any specific part of the wind turbine, such as inside the nacelle. There is a growing need for wind turbine automation in order to protect the wind turbine infrastructural components and achieve maximum energy conversion rate.
MARKET DYNAMICS
The increasing adoption of wind energy as a popular renewable source will boost the market for wind turbine. Depleting natural resources, favorable policies by government institutions that encourage harnessing wind power, and rising efforts to curb carbon emissions are the key factors driving the global wind turbine market. However, competition from other emerging sources of renewable power such as solar cells can hamper the growth exhibited the global wind turbine automation market.
MARKET SCOPE
The "Wind Turbine Automation Market Analysis to 2031" is a specialized and in-depth study of the Energy and Power industry with a special focus on the global market trend analysis. The report aims to provide an overview of wind turbine automation market with detailed market segmentation with product and application. The wind turbine automation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in wind turbine automation market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The wind turbine automation market is segmented on the basis of product and application. On the basis of product, wind turbine automation market is divided into geared motors and drives, DCS, SCADA and PLC. Based on application, the wind turbine automation market can be segmented as controllers, water flow meters and sensors.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of wind turbine automation market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wind turbine automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyses factors affecting wind turbine automation market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the wind turbine automation market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of wind turbine automation market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wind turbine automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyses factors affecting wind turbine automation market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the wind turbine automation market in these regions.
MARKET PLAYERS
The report covers key developments in wind turbine automation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from wind turbine automation market are anticipated to have lucrative growth opportunities in the future with the rising demand for wind turbine automation in the global market. Below mentioned is the list of few companies engaged in the wind turbine automation market.
The report also includes the profiles of key players in wind turbine automation market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- Rockwell automation, Inc.
- ABB Ltd.
- Bachmann electronic GmbH
- Siemens
- Schneider Electric
- GENERAL ELECTRIC
- Emerson Electric Co.
- Moog Inc.
- Mita-Teknik A/S
- Vestas
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wind Turbine Automation Market - By Product
1.3.2 Wind Turbine Automation Market - By Application
1.3.3 Wind Turbine Automation Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WIND TURBINE AUTOMATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WIND TURBINE AUTOMATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WIND TURBINE AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
6.1. WIND TURBINE AUTOMATION - GLOBAL MARKET OVERVIEW
6.2. WIND TURBINE AUTOMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WIND TURBINE AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. GEARED MOTORS AND DRIVES
7.3.1. Overview
7.3.2. Geared motors and drives Market Forecast and Analysis
7.4. DCS
7.4.1. Overview
7.4.2. DCS Market Forecast and Analysis
7.5. SCADA
7.5.1. Overview
7.5.2. SCADA Market Forecast and Analysis
7.6. PLC
7.6.1. Overview
7.6.2. PLC Market Forecast and Analysis
8. WIND TURBINE AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONTROLLERS
8.3.1. Overview
8.3.2. Controllers Market Forecast and Analysis
8.4. WATER FLOW METERS
8.4.1. Overview
8.4.2. Water Flow Meters Market Forecast and Analysis
8.5. SENSORS
8.5.1. Overview
8.5.2. Sensors Market Forecast and Analysis
9. WIND TURBINE AUTOMATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wind Turbine Automation Market Overview
9.1.2 North America Wind Turbine Automation Market Forecasts and Analysis
9.1.3 North America Wind Turbine Automation Market Forecasts and Analysis - By Product
9.1.4 North America Wind Turbine Automation Market Forecasts and Analysis - By Application
9.1.5 North America Wind Turbine Automation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wind Turbine Automation Market
9.1.5.1.1 United States Wind Turbine Automation Market by Product
9.1.5.1.2 United States Wind Turbine Automation Market by Application
9.1.5.2 Canada Wind Turbine Automation Market
9.1.5.2.1 Canada Wind Turbine Automation Market by Product
9.1.5.2.2 Canada Wind Turbine Automation Market by Application
9.1.5.3 Mexico Wind Turbine Automation Market
9.1.5.3.1 Mexico Wind Turbine Automation Market by Product
9.1.5.3.2 Mexico Wind Turbine Automation Market by Application
9.2. EUROPE
9.2.1 Europe Wind Turbine Automation Market Overview
9.2.2 Europe Wind Turbine Automation Market Forecasts and Analysis
9.2.3 Europe Wind Turbine Automation Market Forecasts and Analysis - By Product
9.2.4 Europe Wind Turbine Automation Market Forecasts and Analysis - By Application
9.2.5 Europe Wind Turbine Automation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wind Turbine Automation Market
9.2.5.1.1 Germany Wind Turbine Automation Market by Product
9.2.5.1.2 Germany Wind Turbine Automation Market by Application
9.2.5.2 France Wind Turbine Automation Market
9.2.5.2.1 France Wind Turbine Automation Market by Product
9.2.5.2.2 France Wind Turbine Automation Market by Application
9.2.5.3 Italy Wind Turbine Automation Market
9.2.5.3.1 Italy Wind Turbine Automation Market by Product
9.2.5.3.2 Italy Wind Turbine Automation Market by Application
9.2.5.4 Spain Wind Turbine Automation Market
9.2.5.4.1 Spain Wind Turbine Automation Market by Product
9.2.5.4.2 Spain Wind Turbine Automation Market by Application
9.2.5.5 United Kingdom Wind Turbine Automation Market
9.2.5.5.1 United Kingdom Wind Turbine Automation Market by Product
9.2.5.5.2 United Kingdom Wind Turbine Automation Market by Application
9.2.5.6 Rest of Europe Wind Turbine Automation Market
9.2.5.6.1 Rest of Europe Wind Turbine Automation Market by Product
9.2.5.6.2 Rest of Europe Wind Turbine Automation Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wind Turbine Automation Market Overview
9.3.2 Asia-Pacific Wind Turbine Automation Market Forecasts and Analysis
9.3.3 Asia-Pacific Wind Turbine Automation Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Wind Turbine Automation Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Wind Turbine Automation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wind Turbine Automation Market
9.3.5.1.1 Australia Wind Turbine Automation Market by Product
9.3.5.1.2 Australia Wind Turbine Automation Market by Application
9.3.5.2 China Wind Turbine Automation Market
9.3.5.2.1 China Wind Turbine Automation Market by Product
9.3.5.2.2 China Wind Turbine Automation Market by Application
9.3.5.3 India Wind Turbine Automation Market
9.3.5.3.1 India Wind Turbine Automation Market by Product
9.3.5.3.2 India Wind Turbine Automation Market by Application
9.3.5.4 Japan Wind Turbine Automation Market
9.3.5.4.1 Japan Wind Turbine Automation Market by Product
9.3.5.4.2 Japan Wind Turbine Automation Market by Application
9.3.5.5 South Korea Wind Turbine Automation Market
9.3.5.5.1 South Korea Wind Turbine Automation Market by Product
9.3.5.5.2 South Korea Wind Turbine Automation Market by Application
9.3.5.6 Rest of Asia-Pacific Wind Turbine Automation Market
9.3.5.6.1 Rest of Asia-Pacific Wind Turbine Automation Market by Product
9.3.5.6.2 Rest of Asia-Pacific Wind Turbine Automation Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wind Turbine Automation Market Overview
9.4.2 Middle East and Africa Wind Turbine Automation Market Forecasts and Analysis
9.4.3 Middle East and Africa Wind Turbine Automation Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Wind Turbine Automation Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Wind Turbine Automation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wind Turbine Automation Market
9.4.5.1.1 South Africa Wind Turbine Automation Market by Product
9.4.5.1.2 South Africa Wind Turbine Automation Market by Application
9.4.5.2 Saudi Arabia Wind Turbine Automation Market
9.4.5.2.1 Saudi Arabia Wind Turbine Automation Market by Product
9.4.5.2.2 Saudi Arabia Wind Turbine Automation Market by Application
9.4.5.3 U.A.E Wind Turbine Automation Market
9.4.5.3.1 U.A.E Wind Turbine Automation Market by Product
9.4.5.3.2 U.A.E Wind Turbine Automation Market by Application
9.4.5.4 Rest of Middle East and Africa Wind Turbine Automation Market
9.4.5.4.1 Rest of Middle East and Africa Wind Turbine Automation Market by Product
9.4.5.4.2 Rest of Middle East and Africa Wind Turbine Automation Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wind Turbine Automation Market Overview
9.5.2 South and Central America Wind Turbine Automation Market Forecasts and Analysis
9.5.3 South and Central America Wind Turbine Automation Market Forecasts and Analysis - By Product
9.5.4 South and Central America Wind Turbine Automation Market Forecasts and Analysis - By Application
9.5.5 South and Central America Wind Turbine Automation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wind Turbine Automation Market
9.5.5.1.1 Brazil Wind Turbine Automation Market by Product
9.5.5.1.2 Brazil Wind Turbine Automation Market by Application
9.5.5.2 Argentina Wind Turbine Automation Market
9.5.5.2.1 Argentina Wind Turbine Automation Market by Product
9.5.5.2.2 Argentina Wind Turbine Automation Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WIND TURBINE AUTOMATION MARKET, KEY COMPANY PROFILES
11.1. ROCKWELL AUTOMATION, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ABB LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BACHMANN ELECTRONIC GMBH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SIEMENS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SCHNEIDER ELECTRIC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENERAL ELECTRIC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. EMERSON ELECTRIC CO.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MOOG INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MITA-TEKNIK A/S
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VESTAS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Rockwell automation, Inc.
2. ABB Ltd.
3. Bachmann electronic GmbH
4. Siemens
5. Schneider Electric
6. GENERAL ELECTRIC
7. Emerson Electric Co.
8. Moog Inc.
9. Mita-Teknik A/S
10. Vestas
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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