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Global Automation Solution Market in Renewable Power Generation Industry 2018-2022

Global Automation Solution Market in Renewable Power Generation Industry 2018-2022

About Automation Solution in Renewable Power Generation Industry

Automation solutions in the renewable power generation industry facilitate smooth functioning, monitoring, and complete control of a plant. These solutions ensure accurate measurement of emissions from the plant and aid in real-time monitoring and controlling of power plant operations.

Technavio’s analysts forecast the global automation solution market in renewable power generation industry to grow at a CAGR of 11.70% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global automation solution market in renewable power generation industry for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automation Solution Market in Renewable Power Generation Industry 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Emerson
  • General Electric
  • Rockwell Automation
  • Schneider Electric
  • Siemens
Market driver
  • Aggressive policies supporting the growth of renewable power
  • For a full, detailed list, view our report
Market challenge
  • Cost challenges due to retrofitting
  • For a full, detailed list, view our report
Market trend
  • Inception of new business models
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automation Solution Market in Renewable Power Generation Industry 2018-2022

Technavio recognizes the following companies as the key players in the global automation solution market in renewable power generation industry: ABB, Emerson, General Electric, Rockwell Automation, Schneider Electric, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is inception of new business models. With the increasing awareness and adaptability of renewable resources for generating power, new business models promising new ways to finance renewable energy are gaining traction. For instance, the concept of leasing is gaining popularity beyond the solar PV market in the US to Europe, India, China, the Pacific and, most recently, Africa.”

According to the report, one driver in the market is aggressive policies supporting the growth of renewable power. To minimize the emission of greenhouse gases and reduce the impact of global warming, governments in both developed and developing countries are coming up with various policies, regulatory measures, and protocols that will act as a catalyst to increase the adoption of renewable sources for generating power.

Further, the report states that one challenge in the market is cost challenges due to retrofitting. Implementing automation in power plants provides a wide range of advantages. However, retrofitting automation solutions in conventional devices and machines requires significant investment and effort. This in turn requires a cost-benefit analysis, as companies need to justify investments made toward purchasing new systems.

Companies Mentioned

ABB, Emerson, General Electric, Rockwell Automation, Schneider Electric, and Siemens.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market - Global automation solution market in power industry
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Global automation solution market in renewable power generation industry - Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global automation solution market in renewable power generation industry - Market size and forecast 2017-2022 ($ mn)
      • Table Global automation solution market in renewable power generation industry - Year-overyear growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by technology
    • Segmentation by technology
      • Table Technology - Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Solar energy - Market size and forecast 2017- 2022
      • Table Solar energy - Market size and forecast 2017-2022 ($ mn)
      • Table Solar energy - Year-over-year growth 2018-2022 (%)
    • Wind energy - Market size and forecast 2017-2022
      • Table Wind energy - Market size and forecast 2017-2022 ($ mn)
      • Table Wind energy - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others energy - Year-over-year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Market segmentation by product
    • Segmentation by product
      • Table Schematic representation of automation value chain for renewable energy projects
    • Global automation solution market in renewable power generation industry by solutions
    • Global automation solution market in renewable power generation industry by services
      • Table Services - Global automation solution market in renewable power generation
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Typical renewable energy policy and framework
    • Market challenges
  • Market trends
    • Inception of new business models
    • Renewable energy auctions gaining traction
    • Increased adoption of analytics
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB: Overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments (2016 till date of research)
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings (for market in focus)
    • Emerson
      • Table Emerson: Overview
      • Table Emerson - Business segments
      • Table Emerson - Organizational developments
      • Table Emerson - Geographic focus
      • Table Emerson - Segment focus
      • Table Emerson - Key offerings
    • General Electric
      • Table General Electric: overview
      • Table General Electric - Business segments
      • Table General Electric - Organizational developments
      • Table General Electric - Geographic focus
      • Table General Electric - Segment focus
      • Table General Electric - Key offerings
    • Rockwell Automation
      • Table Rockwell Automation: overview
      • Table Rockwell Automation - Business segments
      • Table Rockwell Automation - Organizational developments
      • Table Rockwell Automation - Geographic focus
      • Table Rockwell Automation - Segment focus
      • Table Rockwell Automation - Key offerings
    • Schneider Electric
      • Table Schneider Electric: Overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric - Key offerings
    • Siemens
      • Table Siemens: Overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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