Global Wind Turbine Monitoring Systems Market 2023-2027
The wind turbine monitoring systems market is forecasted to grow by USD 6,557.84 mn during 2022-2027, accelerating at a CAGR of 17.42% during the forecast period. The report on the wind turbine monitoring systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid growth of global wind power market, high failure of wind turbine components, and presence of regulations that encourage power generation from renewable sources.
Technavio's wind turbine monitoring systems market is segmented as below:
- Vibration monitoring
- Automated oil-particulate systems
- Acoustic monitors
By Geographical Landscape
- North America
- Middle East and Africa
- South America
This study identifies the rise in offshore wind energy installations as one of the prime reasons driving the wind turbine monitoring systems market growth during the next few years. Also, reduction in cost for wind projects and rise in demand for wind turbine monitoring systems with increasing onshore wind power installations will lead to sizable demand in the market.
The report on the wind turbine monitoring systems market covers the following areas:
- Wind turbine monitoring systems market sizing
- Wind turbine monitoring systems market forecast
- Wind turbine monitoring systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine monitoring systems market vendors that include AB SKF, ACOEM Group, Advantech Co. Ltd., American Superconductor Corp., Ammonit Measurement GmbH, Avnet Inc., Campbell Scientific Inc., Dewesoft d.o.o., Envision Energy USA Ltd., ESCO Technologies Inc., General Electric Co., GreenStream Data Ltd., Hansford Sensors Ltd., Hexagon AB, Indutrade AB, James Fisher and Sons Plc, National Instruments Corp., NSK Ltd., Siemens AG, and Spectris Plc. Also, the wind turbine monitoring systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.