About Wind Automation
The use of geared motors and drives, PLC, SCADA, and DCS has increased the efficiency of wind power electricity generation. The geared motor and drive component of a windmill controls the rotational speed and directions of the turbine. PLC, SCADA, and DCS solutions help in monitoring and controlling of the turbines. The solutions are also used to store, transmit, and distribute electricity generated through turbines and transferred to substations through electricity grids.
Technavio’s analysts forecast the global wind automation market to grow at a CAGR of 7.98% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global wind automation market for 2016-2020. To calculate the market size, the report considers revenue generated from the automation solutions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Wind Automation Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Wind Automation Market: ABB, Emerson Electric, Schneider Electric and Siemens.
Other Prominent Vendors in the market are: Bachmann electronic, Bonfiglioli, General Electric, Honeywell, Mitsubishi, Omron, Regal Beloit, Rockwell Automation, Vestas Wind Systems and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “A driver contributing to market growth is the high return on investment (ROI). Although construction and installation costs are high, vendors are investing in offshore wind power as ROI in offshore wind power is as high as 18%, which gives certainty to investors. High rates of ROI are further boosted by the incentives and other tax benefits provided by governments to promote and support offshore wind power generation.”
According to the report, rising demand for renewable energy has attracted heavy investments in solar, hydro, and wind power since 2010. A majority of the investments may be used as a capital fund to construct wind power plants. Capital investments include costs incurred in project development, government permissions, turbines, installation, commissioning, and other operational costs.
Further, the report states that many countries across the globe prefer coal, gas, and hydro as source for power generation compared to wind. The conventional power generation involves less capital expenditure compared to wind power generation. Hence, restricts the market growth.
ABB, Emerson Electric, Schneider Electric, Siemens, Bachmann electronic, Bonfiglioli, General Electric, Honeywell, Mitsubishi, Omron, Regal Beloit, Rockwell Automation, Vestas Wind Systems, Yokogawa Electric.
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