Wind Turbine Monitoring Systems Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, UK, Germany - Size and Forecast 2023-2027

Published: Oct 2023

Pages: 173

SKU: IRTNTR45443

Snapshot

Wind Turbine Monitoring Systems Market 2023-2027

The wind turbine monitoring systems market size is estimated to grow at a CAGR of 17.42% between 2022 and 2027. The market size is forecast to increase by USD 6.55 billion. The growth of the market depends on several factors such as the rapid growth of the global wind power market, the high failure of wind turbine components, and the presence of regulations that encourage power generation from renewable sources.

This wind turbine monitoring systems market report extensively covers market segmentation by type (vibration monitoring, automated oil-particulate systems, and acoustic monitors), application (onshore and offshore), and geography (APAC, Europe, North America, 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 Wind Turbine Monitoring Systems Market During the Forecast Period?

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Wind Turbine Monitoring Systems Market: Key Drivers, Trends and Challenges

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 Wind Turbine Monitoring Systems Market Driver

One of the key factors driving the wind turbine monitoring systems market growth is the rapid growth of the global wind power market. The growth of the global wind turbine monitoring systems market is fuelled by Europe and China and the significant growth of the offshore sector. The advent of sophisticated and innovative electronics and efficient planning and management has created several opportunities for commercialization. for onshore wind development which has enhanced reliability and reduced costs.

Moreover, the emergence of machines that support a capacity of more than 1 MW has made offshore wind development viable. Furthermore, several factors such as competitive pricing, the provision for sophisticated grid management, and the availability of affordable power storage have positively impacted the market. Hence, such factors are expected to drive market growth during the forecast period.

Key Wind Turbine Monitoring Systems Market Trends

A key factor shaping the wind turbine monitoring systems market growth is the reduction in cost for wind projects. Some of the key factors that determine the e cost of electricity generated from wind energy from wind energy include capital costs, operating costs, and capacity. In addition, CAPEX, OPEX, project design, and cost of financing turbine performance are the main drivers that significantly contribute to the reduction of wind energy.

Moreover, another significant factor that fuels the reduction of the cost of wind energy is the decline in prices for offshore applications. Furthermore, as wind-generated electricity prices are extremely competitive, they incur costs that are lower than all other renewable resources which is positively impacting the market. Hence, such factors are expected to drive market growth during the forecast period.

Key Wind Turbine Monitoring Systems Market Challenge

Competition from fossil fuels is one of the key challenges hindering the wind turbine monitoring systems market growth. There is an increasing preference by governments of several countries with e abundant coal reserves to replace coal-based electricity with costlier renewable energy sources, including wind power. In addition, there is an increasing effort by many developing countries to scale up their wind power capabilities.

However, factors such as the lack of stable and favorable government policies in such countries result in the inflated cost of wind power. In addition, increasing concerns over the dangers and possible adverse effects of climate change are encouraging many countries to lower the use of fossil fuels and replace them with low-emission sources of energy. Hence, such factors negatively impact the market which, in turn, will hinder the market growth during the forecast period.

Wind Turbine Monitoring Systems Market Customer Landscape

The market research 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 Wind Turbine Monitoring Systems Market Customer Landscape

Who are the Major Wind Turbine Monitoring Systems Market Companies?

Companies 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.

AB SKF: The company offers wind turbine monitoring systems namely Protean, a new diagnostic tool that helps operation and maintenance technicians concentrate on potential real performance issues, and thereby reduce the risk of false alarms.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Wind Turbine Monitoring Systems Market?

The vibration monitoring segment is estimated to witness significant growth during the forecast period. The main purpose of vibration sensors is to monitor vibrations with a minimum range of between 0.1 to 100 Hz recommended to achieve reliable readings. The key advantage of measuring vibrations is that it helps to identify the condition and state of stress that the tower is under, collecting vibrational data from the bottom, middle, and top of the turbine.

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The vibration monitoring segment was the largest segment and was valued at USD 1.10 billion in 2017. Another significant feature of the vibration sensor is its rapid deployment. These vibration sensors are embedded with stud-mounting on existing equipment and immediately connected to the console which helps to monitor the reading in real time. One of the best methods to improve and streamline operations in large equipment scenarios, including industrial wind turbines is the deployment of wireless vibration sensors paired with a vibration analysis system. The main advantage of wireless sensors is that they offer a reliable way to monitor your systems from any location as they are rated for industrial and outdoor applications. In addition, there is an increasing adoption of vibration sensors for efficient energy management and monitoring wind turbine performance Hence, such factors are expected to fuel the growth of this segment which, in turn, will drive the market growth during the forecast period.

Which are the Key Regions for the Wind Turbine Monitoring Systems 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. Factors such as the rising population and an enhanced standard of living in APAC are fuelling the energy demand in the region. As a result, there is an increasing focus on renewable energy for the generation of power. Some of the main countries in APAC which have more installations of wind turbines include India and China.

Additionally, the increase in wind energy harnessing as an alternative source of energy production is significantly contributing to the market growth in the region. There is an increasing adoption of energy turbines due to the growing need to overcome high energy costs associated with non-renewable energy sources. For example, in November 2022, according to Global Times, China developed a 16-megawatt offshore wind turbine that rolled off the assembly line in east China Fujian province. Hence, such factors are expected to drive the market growth in APAC during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global wind turbine monitoring systems market witnessed a significant slowdown due to the halt in investments in the renewable power sector in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to an increase in demand for wind turbine systems. Such factors are expected to drive the market during the forecast period.

Segment Overview

The wind turbine monitoring systems market 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.

Type Outlook (USD billion, 2017 - 2027)
- Vibration monitoring
- Automated oil-particulate systems
- Acoustic monitors
Application Outlook (USD billion, 2017 - 2027)
- Onshore
- Offshore
Geography Outlook (USD billion, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Wind Turbine Monitoring Systems Market Scope
Report Coverage	Details
Page number	173
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 17.42%
Market growth 2023-2027	USD 6.55 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	15.42
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 48%
Key countries	US, China, India, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	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
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, and 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 Wind Turbine Monitoring Systems Market Research Report?

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

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Table of Contents

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 Type
- 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 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- 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 wind turbine monitoring systems market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global wind turbine monitoring systems market 2017 - 2021 ($ billion)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

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 Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Vibration monitoring - Market size and forecast 2022-2027
- Exhibit 34: Chart on Vibration monitoring - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Vibration monitoring - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Vibration monitoring - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Vibration monitoring - Year-over-year growth 2022-2027 (%)

6.4 Automated oil-particulate systems - Market size and forecast 2022-2027
- Exhibit 38: Chart on Automated oil-particulate systems - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Automated oil-particulate systems - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Automated oil-particulate systems - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Automated oil-particulate systems - Year-over-year growth 2022-2027 (%)

6.5 Acoustic monitors - Market size and forecast 2022-2027
- Exhibit 42: Chart on Acoustic monitors - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on Acoustic monitors - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on Acoustic monitors - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Acoustic monitors - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ billion)
- Exhibit 47: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application

7.3 Onshore - Market size and forecast 2022-2027
- Exhibit 52: Chart on Onshore - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Data Table on Onshore - Market size and forecast 2022-2027 ($ billion)
- Exhibit 54: Chart on Onshore - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Onshore - Year-over-year growth 2022-2027 (%)

7.4 Offshore - Market size and forecast 2022-2027
- Exhibit 56: Chart on Offshore - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Data Table on Offshore - Market size and forecast 2022-2027 ($ billion)
- Exhibit 58: Chart on Offshore - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Offshore - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Application
- Exhibit 60: Market opportunity by Application ($ billion)
- Exhibit 61: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027
- Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 UK - Market size and forecast 2022-2027
- Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.11 India - Market size and forecast 2022-2027
- Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ billion)
- Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 AB SKF
- Exhibit 115: AB SKF - Overview
- Exhibit 116: AB SKF - Business segments
- Exhibit 117: AB SKF - Key news
- Exhibit 118: AB SKF - Key offerings
- Exhibit 119: AB SKF - Segment focus

12.4 ACOEM Group
- Exhibit 120: ACOEM Group - Overview
- Exhibit 121: ACOEM Group - Product / Service
- Exhibit 122: ACOEM Group - Key offerings

12.5 Advantech Co. Ltd.
- Exhibit 123: Advantech Co. Ltd. - Overview
- Exhibit 124: Advantech Co. Ltd. - Business segments
- Exhibit 125: Advantech Co. Ltd. - Key offerings
- Exhibit 126: Advantech Co. Ltd. - Segment focus

12.6 American Superconductor Corp.
- Exhibit 127: American Superconductor Corp. - Overview
- Exhibit 128: American Superconductor Corp. - Business segments
- Exhibit 129: American Superconductor Corp. - Key offerings
- Exhibit 130: American Superconductor Corp. - Segment focus

12.7 Ammonit Measurement GmbH
- Exhibit 131: Ammonit Measurement GmbH - Overview
- Exhibit 132: Ammonit Measurement GmbH - Product / Service
- Exhibit 133: Ammonit Measurement GmbH - Key offerings

12.8 Avnet Inc.
- Exhibit 134: Avnet Inc. - Overview
- Exhibit 135: Avnet Inc. - Business segments
- Exhibit 136: Avnet Inc. - Key news
- Exhibit 137: Avnet Inc. - Key offerings
- Exhibit 138: Avnet Inc. - Segment focus

12.9 Dewesoft d.o.o.
- Exhibit 139: Dewesoft d.o.o. - Overview
- Exhibit 140: Dewesoft d.o.o. - Product / Service
- Exhibit 141: Dewesoft d.o.o. - Key offerings

12.10 Envision Energy USA Ltd.
- Exhibit 142: Envision Energy USA Ltd. - Overview
- Exhibit 143: Envision Energy USA Ltd. - Product / Service
- Exhibit 144: Envision Energy USA Ltd. - Key offerings

12.11 General Electric Co.
- Exhibit 145: General Electric Co. - Overview
- Exhibit 146: General Electric Co. - Business segments
- Exhibit 147: General Electric Co. - Key news
- Exhibit 148: General Electric Co. - Key offerings
- Exhibit 149: General Electric Co. - Segment focus

12.12 Hexagon AB
- Exhibit 150: Hexagon AB - Overview
- Exhibit 151: Hexagon AB - Business segments
- Exhibit 152: Hexagon AB - Key news
- Exhibit 153: Hexagon AB - Key offerings
- Exhibit 154: Hexagon AB - Segment focus

12.13 Indutrade AB
- Exhibit 155: Indutrade AB - Overview
- Exhibit 156: Indutrade AB - Business segments
- Exhibit 157: Indutrade AB - Key offerings
- Exhibit 158: Indutrade AB - Segment focus

12.14 James Fisher and Sons Plc
- Exhibit 159: James Fisher and Sons Plc - Overview
- Exhibit 160: James Fisher and Sons Plc - Business segments
- Exhibit 161: James Fisher and Sons Plc - Key offerings
- Exhibit 162: James Fisher and Sons Plc - Segment focus

12.15 NSK Ltd.
- Exhibit 163: NSK Ltd. - Overview
- Exhibit 164: NSK Ltd. - Product / Service
- Exhibit 165: NSK Ltd. - Key offerings

12.16 Siemens AG
- Exhibit 166: Siemens AG - Overview
- Exhibit 167: Siemens AG - Business segments
- Exhibit 168: Siemens AG - Key news
- Exhibit 169: Siemens AG - Key offerings
- Exhibit 170: Siemens AG - Segment focus

12.17 Spectris Plc
- Exhibit 171: Spectris Plc - Overview
- Exhibit 172: Spectris Plc - Business segments
- Exhibit 173: Spectris Plc - Key offerings
- Exhibit 174: Spectris Plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 175: Inclusions checklist
- Exhibit 176: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 177: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 178: Research methodology
- Exhibit 179: Validation techniques employed for market sizing
- Exhibit 180: Information sources

13.5 List of abbreviations
- Exhibit 181: List of abbreviations

Methodology

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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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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