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Wind Turbine Control Systems - Global Market Outlook (2019-2027)

Wind Turbine Control Systems - Global Market Outlook (2019-2027)

4.2 (26 reviews)
Published: June 2020 ID: SMRC19273
4.2 (26 reviews)
Published: June 2020 ID: SMRC19273

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Wind Turbine Control Systems Market is accounted for $6.79 billion in 2019 and is expected to reach $16.70 billion by 2027 growing at a CAGR of 11.9% during the forecast period. Some of the key factors propelling the market growth include advancements in blades, introduction of reliable gearboxes, digitization of processes, robust cybersecurity solutions and scalable hardware, increase in global demand for electricity, and increasing R&D. However, availability of cheaper alternate sources of energy is restraining the market growth.

Wind turbine control systems are essential for the reliable, efficient and safe functioning of wind turbines. They are fitted with sensors that gather data on wind conditions, power generation, vibration, lubricants, rotor and generator speed and other parameters, which are then sent for analysis to a computer.

By application, the onshore segment is anticipated to grow at the significant rate during the forecast period, due to a large number of onshore wind turbines and lower investments compared to those required for installation of offshore wind turbines. On the basis of geography, Asia Pacific is likely to have significant growth during the forecast period, owing to high investments in the wind energy industry from countries in the region such as China and India and rise in the number of wind farms in the region. Demand for electricity has increased in China, owing to steady economic growth and industrial demand. Demand for electricity has also increased in some other countries of Asia Pacific such as India, South Korea, Japan, and Indonesia.

Some of the key players in wind turbine control systems market include KK Wind Solutions, Moog Inc., Rockwell Automation, Inc., Bachmann electronic GmbH, ABB, CORDYNE, Inc., Mita-Teknik, General Electric, Siemens, Pepperl+Fuchs, Emerson Electric Co., DEIF Group, AMERICAN SUPERCONDUCTOR (AMSC), and Vestas.

Installations Covered:
• Retrofits
• New Installations

Components Covered:
• Software
• Hardware

Types Covered:
• Main Control Systems
• Condition Monitoring Systems
• Yaw Systems
• Pitch Systems

Applications Covered:
• Offshore
• Onshore
• Small Turbines
• Large Turbines

Product Types Covered:
• Generator Torque Control
• Blade Pitch Control

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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