Global Wind Turbine Monitoring Systems Market 2017-2021
About Wind Turbine Monitoring Systems
Condition monitoring is a tool that monitors the health of the components of a turbine and related electrical systems. It helps wind farm owners and operators by predicting maintenance issues, which helps in replacements of components only when necessary.
Condition monitoring systems (CMS) for wind power generators enable the early detection of component deterioration using parameters, such as vibration and temperature, and thus prevent more damage; they also enable the immediate ordering of replacement components for increased uptime. In addition, maintenance costs can be saved since wind turbines are monitored remotely, reducing the need for site visits.
Technavio’s analysts forecast the global wind turbine monitoring systems market to grow at a CAGR of 16.88% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global wind turbine monitoring systems market for 2017-2021. To calculate the market size, the report considers the new installations and exclude replacement markets.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Wind Turbine Monitoring Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global wind turbine monitoring systems market: General Electric, Romax Technology, Strainstall, SKF, and Siemens.
Other Prominent Vendors in the market are: Advantech, Alleantia, Allianz, American Superconductor, Ammonit Measurement, Brüel & Kjær Vibro, Electrotek Concepts, Greenbyte, Guralp Systems, Hansford Sensors, HBM, ifm electronic, InnoEnergy, National Instruments, NRG Systems, Premier Farnell, and Pure Energy Centre.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising patent filings. The global wind turbine monitoring systems market is witnessing increased expenditure by vendors on their R&D activities, leading to product innovation. In addition, vendors in the market are working to reduce the cost of upgrades and maintenance.”
According to the report, one of the major drivers for this market is Rise in wind energy consumption. Countries are shifting their focus from non-renewable sources of energy to renewable sources to produce power. The shift in focus is due to the depletion of conventional sources of energy. Wind power is considered to be the most efficient source of power among all renewable energy sources. According to GWEC, China was the leading country in terms of cumulative installed wind power capacity, accounting for 168,690 MW in 2016, followed by the US, with wind power capacity of 82184 MW. The increased focus of these countries to tap wind energy potential bode well for the growth of the global wind turbine monitoring systems.
Further, the report states that one of the major factors hindering the growth of this market is False alarms cast doubts on the reliability of turbine parts. The monitoring system module in wind turbines receives information from all levels of the system (system, subsystem, and components). The role of the monitoring system is to combine information and infer the state of the turbine. The reliability of wind turbines is an intricate problem that can find as many different answers as sources when it comes to assessing the failure rate of a given wind turbine. In addition to this relative inexperience, turbines come in different sizes and configurations from different manufacturers and are installed on sites that involve different external factors, making it difficult to compare wind turbines solely on the basis of the power range. At times, the monitoring system installed in wind turbines can create false alarms, making the reliability of these systems doubtful.
General Electric, Romax Technology, Strainstall, SKF, and Siemens. Advantech, Alleantia, Allianz, American Superconductor, Ammonit Measurement, Brüel & Kjær Vibro, Electrotek Concepts, Greenbyte, Guralp Systems, Hansford Sensors, HBM, ifm electronic, InnoEnergy, National Instruments, NRG Systems, Premier Farnell, and Pure Energy Centre.