Automation Solution Market in Renewable Power Generation Industry by End-user, Application, and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 181 SKU: IRTNTR43595

The automation solution market in the renewable power generation industry market is estimated to grow at a CAGR of 5.56% between 2022 and 2027. The size of the market is forecast to increase by USD 3,767.77 million. The growth of the market depends on several factors, including the aggressive policies supporting the growth of renewable power, the declining cost of solar and wind power generation, and the continuous growth of market activities in the renewable power industry.

This report extensively covers market segmentation by end-user (solar energy, wind energy, and others), application (asset management, process control, remote monitoring, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Automation Solution Market In the Renewable Power Generation Industry Market During the Forecast Period?

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Automation Solution Market In Renewable Power Generation Industry Market: Key Drivers, Trends, Challenges, and Customer Landscape

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Automation Solution Market In Renewable Power Generation Industry Market Driver

The aggressive policies supporting the growth of renewable power are notably driving the automation solution market in the renewable power generation industry market growth. To minimize the emission of greenhouse gases and reduce the impact of global warming, governments in both developed and developing countries are coming up with various policies, regulatory measures, and protocols that will act as a catalyst to increase the adoption of renewable sources for generating power. The market for automation solutions is gaining traction with growing investments and incentives in the field of renewable power generation.

Many policies and measures across countries are supporting the growth of renewable power generation. For instance, in North America, the US Environmental Protection Agency (EPA) has come up with guidelines that clearly state that power plants older than 25 years with capacities of over 50 MW must be upgraded.  All these rapid developments will drive the market during the forecast period.

Significant Automation Solution Market In Renewable Power Generation Industry Market Trend

Renewable energy auctions gaining traction is a major trend in the automation solution market in the renewable power generation industry market. Renewable energy project auctions are becoming increasingly popular, especially for expanding renewable power generation in developed and developing countries. These auctions, coupled with measures to incentivize renewable energy deployment, are driving the growth of renewable energy generation. Renewable energy auctions are gaining traction as they aid in the deployment of renewable technologies in a cost-efficient, well-planned, and transparent manner and subsequently fulfill several other objectives as well. These objectives mainly include job creation, local ownership, and development.

The main benefits of auctions are linked to their flexibility, price, and commitments. The flexibility to design policies enables policymakers to combine and tailor unique and different elements to meet the objectives of renewable energy projects. During the deployment of such projects, factors such as the country's present economic situation, the structure of the energy sector, and the maturity of its power market are taken into consideration. The certainty on quantity and price results in stable revenue for project developers (like feed-in tariff), and, at the same time, it ensures that renewable generation targets are met more precisely (similar to quotas and tradable green certificates). Such benefits are likely to grow the market in focus during the forecast period.

Major Automation Solution Market In Renewable Power Generation Industry Challenge

Cost challenges due to retrofitting is a major challenge impeding the automation solution market in the renewable power generation industry market growth. Implementing automation in power plants provides a wide range of advantages. However, retrofitting automation solutions in conventional devices and machines requires significant investment and effort. This, in turn, requires a cost-benefit analysis, as companies need to justify investments made toward purchasing new systems. In addition, the newly bought systems must be compatible with advanced automation solutions or with retrofitting existing devices with smart solutions.

With the growing number of manufacturers, there are various devices being developed. If a device cannot be integrated into mainstream systems, it will affect the revenue and would be considered a cost to the company. Therefore, there is a crucial need to establish a common operational framework to enable secure and effective communication between devices through automation. Unable to integrate the systems may pose a challenge to the market in focus during the forecast period.

Key Automation Solution Market In Renewable Power Generation Industry Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Automation Solution Market in Renewable Power Generation Industry Market Customer Landscape

Who are the Major Automation Solution Market in Renewable Power Generation Industry Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Mitsubishi Electric Corp. - The company operates under multiple segments including energy and electric systems, and home appliances among others, with a high focus on energy and electric systems. The company under this segment?offers products such as turbine generators, hydraulic turbine generators, nuclear power plant equipment, motors, and more. The key offerings of the company include automation solution in renewable power generation industry.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ABB Ltd.
  • Beckhoff Automation GmbH and Co. KG
  • Bosch Rexroth AG
  • Delta Electronics Inc
  • Eaton Corp. Plc
  • Emerson Electric Co
  • Fuji Electric Co. Ltd.
  • GE Grid Solutions
  • Hitachi Energy Ltd.
  • Honeywell International Inc.
  • Intel Corp.
  • OMRON Corp.
  • Pilz GmbH and Co. KG
  • Rockwell Automation Inc.
  • Schneider Electric SE

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Automation Solution Market In Renewable Power Generation Industry Market?

The market share growth by the solar energy segment will be significant during the forecast period. Automation has a wide range of applications when it comes to solar power plants. Automation solutions in solar plants are used for calculating the position of solar reflectors, calculation of sun vector and normal vector, computing the direction of the solar vector based on location and time, and more. 

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The solar energy segment shows a gradual increase in the market share of USD 7,678.97 million in 2017 and continued to grow until 2021Monitoring and analyzing the performance of solar PV plants is vital to reduce operational costs as well as maintaining and enhancing the plant's equipment lifecycle. Installation of a centralized monitoring and control system in a solar power plant ensures high performance, reduced downtime, and fault detection during its entire lifecycle, thereby increasing the efficiency and productivity of the plant. These systems come with a highly scalable and distributed architecture that includes features such as real-time dashboards, key performance indicator (KPI) reporting, and event logging with pre-defined algorithms to compute trends, efficiencies, performance ratios, and estimation of losses. Therefore, these factors will drive the adoption of automation solutions in the renewable power generation industry during the forecast period.

Which are the Key Regions for the Automation Solution Market In Renewable Power Generation Industry Market?

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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC is the largest contributor in terms of revenue for the global automation solution market in the renewable power generation industry and is expected to maintain its market share during the forecast period. In APAC, countries such as the Philippines, Vietnam, and Indonesia are facing frequent power outages; therefore, more power plants are likely to be built during the forecast period to meet the escalating demands of such countries. In addition, the ongoing rapid developments in the industrial sector and increased urbanization due to the heavy inflow of FDI into APAC have drastically fostered the demand for power from both industrial as well as consumer sectors. Moreover, countries in the region are in line with the objectives of the Kyoto Protocol and are, therefore, committed to reducing the levels of greenhouse gas emissions to combat global warming. There are numerous power generation plants in APAC, which are inefficient, outdated, and emit high levels of carbon dioxide. Therefore, there is a huge requirement to upgrade such plants and their systems to lessen their emission levels.All such factors are expected to propel the regional market in focus during the forecast period.

The regional market in focus is expected to grow at a rapid year-over-year rate during the forecast period, owing to factors such as increasing economic growth in countries like India and Japan, which is driving the demand for electrical infrastructure in the region; government regulations and investments to promote the use of renewable energy, and the ongoing upgrades of power plants in the region to minimize carbon emission levels.

The outbreak COVID-19 pandemic slowed down the expected growth rate in the automation solution market as various governments have diverted their funds to healthcare and public welfare programs. However, during the forecast period, events like COP27 are likely to set new frameworks and targets to limit global greenhouse gas emissions and bring countries under the ambit of international rules and regulations, which would put nations under pressure to revitalize their renewable energy sector and thereby driving regional automation solution market in renewable power generation industry.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Million, 2017 - 2027)
    • Solar energy
    • Wind energy
    • Others
  • Application Outlook (USD Million, 2017 - 2027)
    • Asset management
    • Process control
    • Remote monitoring|Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Automation Solution Market In Renewable Power Generation Industry Market Scope

Report Coverage

Details

Page number

181

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.56%

Market growth 2023-2027

USD 3,767.77 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.75

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Beckhoff Automation GmbH and Co. KG, Bosch Rexroth AG, Delta Electronics Inc, Eaton Corp. Plc, Emerson Electric Co, Fuji Electric Co. Ltd., GE Grid Solutions, Hitachi Energy Ltd., Honeywell International Inc., Intel Corp., Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Power Co. Ltd., Toshiba Corp., and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automation Solution Market In Renewable Power Generation Industry Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the automation solution market between 2023 and 2027
  • Precise estimation of the automation solution market in the renewable power generation industry market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of automation solution market in the renewable power generation industry market vendors 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automation solution market in renewable power generation industry market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global automation solution market in renewable power generation industry market 2017 - 2021 ($ million)
    • 4.2 End-User Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Solar energy - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Solar energy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Solar energy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Solar energy - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Solar energy - Year-over-year growth 2022-2027 (%)
    • 6.4 Wind energy - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Wind energy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Wind energy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Wind energy - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Wind energy - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 47: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 49: Chart on Comparison by Application
      • Exhibit 50: Data Table on Comparison by Application
    • 7.3 Asset management - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Asset management - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Asset management - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Asset management - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Asset management - Year-over-year growth 2022-2027 (%)
    • 7.4 Process control - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Process control - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Process control - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Process control - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Process control - Year-over-year growth 2022-2027 (%)
    • 7.5 Remote monitoring - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Remote monitoring - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Remote monitoring - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Remote monitoring - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Remote monitoring - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 120: ABB Ltd. - Overview
              • Exhibit 121: ABB Ltd. - Business segments
              • Exhibit 122: ABB Ltd. - Key news
              • Exhibit 123: ABB Ltd. - Key offerings
              • Exhibit 124: ABB Ltd. - Segment focus
            • 12.4 Beckhoff Automation GmbH and Co. KG
              • Exhibit 125: Beckhoff Automation GmbH and Co. KG - Overview
              • Exhibit 126: Beckhoff Automation GmbH and Co. KG - Product / Service
              • Exhibit 127: Beckhoff Automation GmbH and Co. KG - Key offerings
            • 12.5 Bosch Rexroth AG
              • Exhibit 128: Bosch Rexroth AG - Overview
              • Exhibit 129: Bosch Rexroth AG - Product / Service
              • Exhibit 130: Bosch Rexroth AG - Key offerings
            • 12.6 Delta Electronics Inc
              • Exhibit 131: Delta Electronics Inc - Overview
              • Exhibit 132: Delta Electronics Inc - Business segments
              • Exhibit 133: Delta Electronics Inc - Key offerings
              • Exhibit 134: Delta Electronics Inc - Segment focus
            • 12.7 Eaton Corp. Plc
              • Exhibit 135: Eaton Corp. Plc - Overview
              • Exhibit 136: Eaton Corp. Plc - Business segments
              • Exhibit 137: Eaton Corp. Plc - Key news
              • Exhibit 138: Eaton Corp. Plc - Key offerings
              • Exhibit 139: Eaton Corp. Plc - Segment focus
            • 12.8 Fuji Electric Co. Ltd.
              • Exhibit 140: Fuji Electric Co. Ltd. - Overview
              • Exhibit 141: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 142: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 143: Fuji Electric Co. Ltd. - Segment focus
            • 12.9 GE Grid Solutions
              • Exhibit 144: GE Grid Solutions - Overview
              • Exhibit 145: GE Grid Solutions - Product / Service
              • Exhibit 146: GE Grid Solutions - Key offerings
            • 12.10 Hitachi Energy Ltd.
              • Exhibit 147: Hitachi Energy Ltd. - Overview
              • Exhibit 148: Hitachi Energy Ltd. - Product / Service
              • Exhibit 149: Hitachi Energy Ltd. - Key offerings
            • 12.11 Honeywell International Inc.
              • Exhibit 150: Honeywell International Inc. - Overview
              • Exhibit 151: Honeywell International Inc. - Business segments
              • Exhibit 152: Honeywell International Inc. - Key news
              • Exhibit 153: Honeywell International Inc. - Key offerings
              • Exhibit 154: Honeywell International Inc. - Segment focus
            • 12.12 Mitsubishi Electric Corp.
              • Exhibit 155: Mitsubishi Electric Corp. - Overview
              • Exhibit 156: Mitsubishi Electric Corp. - Business segments
              • Exhibit 157: Mitsubishi Electric Corp. - Key news
              • Exhibit 158: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 159: Mitsubishi Electric Corp. - Segment focus
            • 12.13 Pilz GmbH and Co. KG
              • Exhibit 160: Pilz GmbH and Co. KG - Overview
              • Exhibit 161: Pilz GmbH and Co. KG - Product / Service
              • Exhibit 162: Pilz GmbH and Co. KG - Key offerings
            • 12.14 Rockwell Automation Inc.
              • Exhibit 163: Rockwell Automation Inc. - Overview
              • Exhibit 164: Rockwell Automation Inc. - Business segments
              • Exhibit 165: Rockwell Automation Inc. - Key news
              • Exhibit 166: Rockwell Automation Inc. - Key offerings
              • Exhibit 167: Rockwell Automation Inc. - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 168: Schneider Electric SE - Overview
              • Exhibit 169: Schneider Electric SE - Business segments
              • Exhibit 170: Schneider Electric SE - Key news
              • Exhibit 171: Schneider Electric SE - Key offerings
              • Exhibit 172: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 173: Siemens AG - Overview
              • Exhibit 174: Siemens AG - Business segments
              • Exhibit 175: Siemens AG - Key news
              • Exhibit 176: Siemens AG - Key offerings
              • Exhibit 177: Siemens AG - Segment focus
            • 12.17 Toshiba Corp.
              • Exhibit 178: Toshiba Corp. - Overview
              • Exhibit 179: Toshiba Corp. - Business segments
              • Exhibit 180: Toshiba Corp. - Key offerings
              • Exhibit 181: Toshiba Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              automation solution market in renewable power generation industry market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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