Global Wind Automation Market 2016-2020

  • Published: Feb 2016
  • Pages: 60
  • SKU: IRTNTR8802
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This global market research report provides a comprehensive analysis of the wind automation market by product (geared motors and drives, DCS, SCADA, and PLC). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The prominent vendors analyzed in this report are ABB, Emerson Electric, Schneider Electric, and Siemens.

Market overview of the wind automation market

Technavio’s market research analyst predicts the global wind automation market to grow at a CAGR of more than 7% during the forecast period. Rising environmental concerns are one of the key growth drivers for this market. Nearly half of global warming is caused by CO2 emissions from power generation using fossil fuels. As a result, various countries are placing emphasis on the use of renewable energy sources for power generation. Wind energy is the cheapest among all renewable sources of power generation with negligible CO2 emissions. Using wind as a source of energy for power generation provides an additional and more reliable power generation method for consumers to bank on. Also, depending solely on fossil fuels to generate the power required to meet high demand is not a solution, as the cost of fossil fuels is increasing with their depleting reserves. The relatively environmentally friendly characteristics of wind power will positively impact the growth of this market.

The increasing investments made towards technology research for renewable energy worldwide is expected to drive the demand for wind automation over the forecast period. Several countries have taken initiatives to increase the use of renewable sources for power generation by 2022 and 2025. Wind power accounted for 16%-18% of the overall technology research investment made for renewable energy in 2015. Technavio’s analysts estimate that investments in the technology research for wind power will grow at a CAGR of 40% during the forecast period. These investments will include research for new and advanced turbines, control systems, advanced substations and wind farms, and new power generation and transmission grid technology.

Product segmentation and analysis of the wind automation market

  • Geared motors and drives
  • DCS
  • SCADA
  • PLC

The SCADA segment in the global wind automation market was valued at more than $46 million during 2015 and is expected to grow at a CAGR of around 15% during the forecast period. SCADA is used in wind farms, substations, and plants. The rise in electricity generation using wind power has significantly increased the demand for advanced SCADA. Advances in technology have made the wind turbines active power plants, requiring grid support. The need for grid support has led to the demand for advanced SCADA. As a result, SCADA has assumed a critical role, since it guarantees reliable power from the wind farms. SCADA also helps to enforce inter-connect agreements because using this system the operator can control all the turbines as if it is one unit.  

Geographical segmentation and analysis of the wind automation market

  • Americas
  • APAC
  • EMEA

During 2015, APAC dominated the market, accounting for more than 48% of the market share. Nearly $54 billion was invested in the wind power market in APAC during 2015. China and India were the leading revenue contributors in the wind automation and the wind power markets in APAC. There was a high use of wind automation solutions in the wind power market across wind farms in these countries. This report predicts that China and India will continue to dominate the global wind automation market during the forecast period. For instance, the Government of India has taken initiatives to generate 175 GW power through renewable energy by 2022. Out of this, wind power will account for 60 GW, indicating the use of new and advanced automation solutions in the wind farms built in India during the forecast period.

Competitive landscape and key vendors

The global wind automation market is highly competitive. In this market, the large international companies generate the majority of their revenue from direct sales and the local and regional players through indirect sales. Technavio’s analysts foresee a rise in the use of automation solutions in the wind power industry. This, in turn, will increase the number of small vendors that provide automation solution, entering the market. These new entrants are expected to roll out their products through resellers, VARs, or system integrators due to lack of market presence and brand visibility.

The key vendors in the market are -

  • ABB
  • Emerson Electric
  • Schneider Electric
  • Siemens

Other prominent vendors in the market include Bachmann electronic, Bonfiglioli, GE, Honeywell, Mitsubishi, Omron, Regal Beloit, Rockwell Automation, Vestas Wind Systems, and Yokogawa Electric.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global wind automation market?
  • What are the key market trends impacting the growth of the wind automation market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global wind automation market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the wind automation market?

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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