Market Overview:
The global wind turbine monitoring systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the rising concerns over climate change. The vibration monitoring segment is expected to hold the largest share of the global wind turbine monitoring systems market in 2018, followed by automated oil-particulate systems and acoustic monitors segments. The land wind power application segment is expected to hold the largest share of the global wind turbine monitoring systems market in 2018, followed by offshore wind power application segment. North America is estimated to be one of the leading markets for wind turbine monitoring systems duringthe forecast period owingto stringent government regulations mandating use of renewable energy sources and high adoption rates for new technology across various industry verticals in this region.
Product Definition:
Wind turbine monitoring systems are devices or software used to monitor the performance of wind turbines. They collect data on factors such as turbine speed, wind direction, and power output. This data can be used to optimize the performance of the turbines and troubleshoot any problems that may occur. Wind turbine monitoring systems are essential for ensuring that wind turbines operate safely and efficiently.
Vibration Monitoring:
Vibration monitoring is the technique used to measure vibration in a machine or structure. It is done to detect cracks, wear and tear in machinery or equipment. Vibration monitoring systems are widely used for automotive industry, power plant industry, aerospace & defense industry and wind turbine manufacturing companies among others.
Automated Oil-particulate Systems:
Automated oil-particulate systems are used in wind turbine monitoring systems to measure the flow of oil and particles from the main shafts through the bearings. The system is comprised of a sensor, pump, filter, and valve that is mounted on a boom above the bearing housing. As air passes through the bearing it carries debris such as dust and sand along with it.
Application Insights:
The land-based application segment accounted for the largest share of over 70.0% in 2017. The growth can be attributed to the rising demand from countries, such as China, India and Brazil. These nations are focusing on increasing their wind power capacities owing to increased electricity needs; thus, wind turbine manufacturers are investing in these regions with huge prospects for development.
The offshore market is expected to expand at a CAGR of XX% over the forecast period due to technological advancements and growing awareness among end-users about O&M costs savings through fully automated oil-particulate systems that operate continuously 24/7 without requiring human intervention or attendance during maintenance activities which reduces overall operating costs resulting in lower prices offered for electricity generated by turbines installed off shore compared with onshore installations where land availability remains a key factor limiting project development opportunities across various parts of the world including North America, Europe.
Regional Analysis:
North America accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The presence of a large number of wind farms, advanced technological development, and stringent regulations are some factors driving the regional market growth. For instance, as per IEEFA's annual ranking of global offshore wind power capacity by year, U.S. held more than 18% of total offshore wind power capacity in 2017; Denmark held around 9% followed by Germany with 5%.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing government support for renewable energy generation coupled with growing awareness among end-users regarding its environmental benefits over other conventional sources such as coal or gas turbines.
Growth Factors:
- Increasing demand for wind energy due to its environment-friendly nature and low cost of operation as compared to other forms of energy generation.
- Government initiatives and subsidies for installation of wind turbines to promote renewable energy sources over conventional ones.
- Rising concerns over climate change and global warming, which has led to an increase in the number of countries adopting stringent regulations pertaining to emissions from power plants, including wind turbines.
- Technological advancements in wind turbine monitoring systems that have resulted in lower maintenance costs and improved performance metrics, thus driving their adoption by utilities and independent power producers (IPPs).
- Growing awareness about the benefits of using Wind Turbine Monitoring Systems among end users, which is resulting in an increase in demand for these systems across all regions
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Monitoring Systems Market Research Report
By Type
Vibration Monitoring, Automated Oil-particulate Systems, Acoustic Monitors
By Application
Land Wind Power, Offshore Wind Power
By Companies
National Instruments, Brüel & Kjær Vibro GmbH, General Electric, Romax Technology, Strainstall, SKF, Siemens, Advantech, Alleantia, Allianz, American Superconductor, Ammonit Measurement, Electrotek Concepts, Greenbyte
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Monitoring Systems Market Report Segments:
The global Wind Turbine Monitoring Systems market is segmented on the basis of:
Types
Vibration Monitoring, Automated Oil-particulate Systems, Acoustic Monitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Land Wind Power, Offshore Wind Power
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- National Instruments
- Brüel & Kjær Vibro GmbH
- General Electric
- Romax Technology
- Strainstall
- SKF
- Siemens
- Advantech
- Alleantia
- Allianz
- American Superconductor
- Ammonit Measurement
- Electrotek Concepts
- Greenbyte
Highlights of The Wind Turbine Monitoring Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vibration Monitoring
- Automated Oil-particulate Systems
- Acoustic Monitors
- By Application:
- Land Wind Power
- Offshore Wind Power
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wind Turbine Monitoring Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wind turbine monitoring systems are used to collect data on the performance of wind turbines. This data can be used to improve the efficiency of the turbines and help operators make informed decisions about how to operate them.
Some of the key players operating in the wind turbine monitoring systems market are National Instruments, Br¼el & Kj¦r Vibro GmbH, General Electric, Romax Technology, Strainstall, SKF, Siemens, Advantech, Alleantia, Allianz, American Superconductor, Ammonit Measurement, Electrotek Concepts, Greenbyte.
The wind turbine monitoring systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Monitoring Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wind Turbine Monitoring Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Monitoring Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wind Turbine Monitoring Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wind Turbine Monitoring Systems Market Size & Forecast, 2020-2028
4.5.1 Wind Turbine Monitoring Systems Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Monitoring Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vibration Monitoring
5.2.2 Automated Oil-particulate Systems
5.2.3 Acoustic Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Land Wind Power
6.2.2 Offshore Wind Power
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Monitoring Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wind Turbine Monitoring Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vibration Monitoring
9.6.2 Automated Oil-particulate Systems
9.6.3 Acoustic Monitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Land Wind Power
9.10.2 Offshore Wind Power
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vibration Monitoring
10.6.2 Automated Oil-particulate Systems
10.6.3 Acoustic Monitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Land Wind Power
10.10.2 Offshore Wind Power
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vibration Monitoring
11.6.2 Automated Oil-particulate Systems
11.6.3 Acoustic Monitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Land Wind Power
11.10.2 Offshore Wind Power
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vibration Monitoring
12.6.2 Automated Oil-particulate Systems
12.6.3 Acoustic Monitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Land Wind Power
12.10.2 Offshore Wind Power
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vibration Monitoring
13.6.2 Automated Oil-particulate Systems
13.6.3 Acoustic Monitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Land Wind Power
13.10.2 Offshore Wind Power
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wind Turbine Monitoring Systems Market: Competitive Dashboard
14.2 Global Wind Turbine Monitoring Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 National Instruments
14.3.2 Brüel & Kjær Vibro GmbH
14.3.3 General Electric
14.3.4 Romax Technology
14.3.5 Strainstall
14.3.6 SKF
14.3.7 Siemens
14.3.8 Advantech
14.3.9 Alleantia
14.3.10 Allianz
14.3.11 American Superconductor
14.3.12 Ammonit Measurement
14.3.13 Electrotek Concepts
14.3.14 Greenbyte
