Wind Turbine Automation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

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.

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.

Wind Turbine Automation Report Scope