Report forecast the global wind automation market
to grow at a CAGR of 7.98% during the period 2016-2020.
The use of geared motors and drives, PLC, SCADA,
and DCS has increased the efficiency of wind power electricity generation. The
geared motor and drive component of a windmill controls the rotational speed
and directions of the turbine. PLC, SCADA, and DCS solutions help in monitoring
and controlling of the turbines. The solutions are also used to store,
transmit, and distribute electricity generated through turbines and transferred
to substations through electricity grids.
The report covers the present scenario and the
growth prospects of the global wind automation market for 2016-2020. To
calculate the market size, the report considers revenue generated from the
automation solutions.
The market is divided into the following
segments based on geography:
- Americas
- APAC
- EMEA
According to the report, rising demand for
renewable energy has attracted heavy investments in solar, hydro, and wind
power since 2010. A majority of the investments may be used as a capital fund
to construct wind power plants. Capital investments include costs incurred in
project development, government permissions, turbines, installation,
commissioning, and other operational costs.
Further, the report states that many countries
across the globe prefer coal, gas, and hydro as source for power generation
compared to wind. The conventional power generation involves less capital
expenditure compared to wind power generation. Hence, restricts the market
growth.
Global Wind Automation Market 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors operating
in this market.
key players in the Global Wind Automation Market:
ABB, Emerson Electric, Schneider Electric and Siemens.
Other Prominent Vendors in the market are: Bachmann
electronic, Bonfiglioli, General Electric, Honeywell, Mitsubishi, Omron, Regal
Beloit, Rockwell Automation, Vestas Wind Systems and Yokogawa Electric.
Market driver
- High investment in renewable energy projects
- For a full, detailed list, view our report
Market challenge
- High electricity production through conventional power source
- For a full, detailed list, view our report
Market trend
- Steep growth in offshore wind market
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this 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 key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages and 35 Exhibit “Global
Wind Automation Market 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market Overview, Market
Landscape, Wind farm value chain, Wind automation industry life cycle, Global
wind automation market, Market segmentation by products, Market segmentation by
geography, Market drivers, Impact of drivers, Market challenges, Impact of
drivers and challenges, Market trends, Vendor landscape, Appendix.
For
more information Visit at: http://mrr.cm/ott
Find all Wind Power report at : http://www.marketresearchreports.com/wind-power
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