Global Nacelle-mounted LIDAR Systems Market for Wind Industry 2018-2022
About Nacelle-Mounted LIDAR Systems Market for Wind Industry
A nacelle-mounted light detection and ranging (LIDAR) system is a remote-sensing device that is used in the wind industry for measuring the wind curve measurements. It is considered as a potential alternative for the met mast, a tool used for reducing the uncertainties in the annual energy production (AEP), which reduces the operational and maintenance costs and helps in the optimization of the turbine performance.
Technavio’s analysts forecast the global nacelle-mounted LIDAR systems market for wind industry to grow at a CAGR of 5.72% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global nacelle-mounted LIDAR systems market for wind industry. To calculate the market size, the report considers the revenue generated from the use of nacelle-mounted LIDAR systems market for wind industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Nacelle-Mounted LIDAR Systems Market for Wind Industry 2018-2022
Technavio recognizes the following companies as the key players in the nacelle-mounted LIDAR systems market for wind industry: John Wood Group, Leosphere, Mitsubishi Electric, Windar Photonics, and ZephIR Lidar
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the need for sustainable energy and the increasing focus on energy security”. The world is highly dependent on fossil fuels right from power generation to generating heat for motive force. Population across the world is growing. This has resulted in a rise in industrial and economic activities, which has increased the electricity generation.
According to the report, one driver influencing this market is the increase in the hub height. Unlike the conventional power generation from fossil fuels, generating electricity from wind is highly dependent on meteorological conditions. Wind assessment is carried out to quantify the wind’s speed and direction, the temperature, and several other factors, all of which have an impact on the power that is generated from the wind turbine.
Further, the report states that one challenge affecting this market is the functional issues associated with nacelle-mounted LIDAR systems. Nacelle-mounted LIDAR systems are used as an alternative to power curve verification and are easier to be deployed when compared to met mast towers. However, the installation and calibration of the LIDAR system on top of the nacelle remain challenging.
John Wood Group
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