The global wind turbine condition monitoring system market is expected to grow at a CAGR of 7.2% during the forecast period, from 2021 to 2030. The growth of this market is mainly driven by the increasing demand for renewable energy and the need for sustainable power generation. The increasing number of offshore wind turbines in Europe and Asia Pacific is also driving the growth of this market.
The software segment accounted for a major share in the global wind turbine condition monitoring system market in 2018, followed by equipment and application segments respectively. The onshore segment dominated the global wind turbine condition monitoring system market in 2018, followed by offshore and application segments respectively. North America was one of the leading regions in terms of revenue share owing to its high adoption rate among end-users such as utilities, independent power producers (IPPs), government agencies, research institutes, universities, etc, which are investing heavily on renewable energy sources such as solar photovoltaic (PV) and wind power generation facilities that require regular maintenance activities such as inspection or repair work due to their long life span.
Some Of The Growth Factors Of This Market:
- The increasing demand for renewable energy sources is driving the wind turbine condition monitoring system market growth.
- The increasing number of wind turbines in the world is also driving the market growth.
- The need to reduce maintenance costs and increase efficiency of wind turbines is also driving the market growth.
- Increasing awareness about environmental issues and green energy sources are also driving the market growth.
- Increasing government support for renewable energy sources is also a factor that drives this market.
Industry Growth Insights published a new data on “Wind Turbine Condition Monitoring System Market”. The research report is titled “Wind Turbine Condition Monitoring System Market research by Types (Software, Equipment, ), By Applications (Onshore, Offshore, ), By Players/Companies General Electric, Romax Technology, Strainstall, SKF, Siemens, Advantech, Allianz, AMSC, National Instruments, Ammonit Measurement, Bruel & Kjær Vibro, Electrotek Concepts, Greenbyte, Guralp Systems, Hansford Sensors, HBM, ifm-electronic, InnoEnergy, NRG Systems, Premier Farnell, Pure Energy Centre, ”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Condition Monitoring System Market Research Report
By Type
Software, Equipment,
By Application
Onshore, Offshore,
By Companies
General Electric, Romax Technology, Strainstall, SKF, Siemens, Advantech, Allianz, AMSC, National Instruments, Ammonit Measurement, Bruel & Kjær Vibro, Electrotek Concepts, Greenbyte, Guralp Systems, Hansford Sensors, HBM, ifm-electronic, InnoEnergy, NRG Systems, Premier Farnell, Pure Energy Centre,
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Condition Monitoring System Market Report Segments:
The global Wind Turbine Condition Monitoring System market is segmented on the basis of:
Types
Software, Equipment,
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
Onshore, Offshore,
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:
- General Electric
- Romax Technology
- Strainstall
- SKF
- Siemens
- Advantech
- Allianz
- AMSC
- National Instruments
- Ammonit Measurement
- Bruel & Kjær Vibro
- Electrotek Concepts
- Greenbyte
- Guralp Systems
- Hansford Sensors
- HBM
- ifm-electronic
- InnoEnergy
- NRG Systems
- Premier Farnell
- Pure Energy Centre
Highlights of The Wind Turbine Condition Monitoring System 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:
- Software
- Equipment
- By Application:
- Onshore
- Offshore
- 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 Condition Monitoring System 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.
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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?
A wind turbine condition monitoring system (WTCMS) is a type of weather station that collects data on wind speed, direction, and temperature. The data is used to help operators maintain the health and performance of the turbines.
Some of the major companies in the wind turbine condition monitoring system market are General Electric, Romax Technology, Strainstall, SKF, Siemens, Advantech, Allianz, AMSC, National Instruments, Ammonit Measurement, Bruel & KjƒÂ¦r Vibro, Electrotek Concepts, Greenbyte, Guralp Systems, Hansford Sensors, HBM, ifm-electronic, InnoEnergy, NRG Systems, Premier Farnell, Pure Energy Centre.
The wind turbine condition monitoring system market is expected to register a CAGR of 7.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Turbine Condition Monitoring System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wind Turbine Condition Monitoring System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wind Turbine Condition Monitoring System Market - Supply Chain
4.5. Global Wind Turbine Condition Monitoring System Market Forecast
4.5.1. Wind Turbine Condition Monitoring System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wind Turbine Condition Monitoring System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wind Turbine Condition Monitoring System Market Absolute $ Opportunity
5. Global Wind Turbine Condition Monitoring System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Type
5.3.1. Software
5.3.2. Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wind Turbine Condition Monitoring System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wind Turbine Condition Monitoring System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wind Turbine Condition Monitoring System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wind Turbine Condition Monitoring System Demand Share Forecast, 2019-2026
9. North America Wind Turbine Condition Monitoring System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Type
9.7.1. Software
9.7.2. Equipment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wind Turbine Condition Monitoring System Demand Share Forecast, 2019-2026
10. Latin America Wind Turbine Condition Monitoring System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Type
10.7.1. Software
10.7.2. Equipment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wind Turbine Condition Monitoring System Demand Share Forecast, 2019-2026
11. Europe Wind Turbine Condition Monitoring System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Type
11.7.1. Software
11.7.2. Equipment 11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wind Turbine Condition Monitoring System Demand Share, 2019-2026
12. Asia Pacific Wind Turbine Condition Monitoring System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Type
12.7.1. Software
12.7.2. Equipment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wind Turbine Condition Monitoring System Demand Share, 2019-2026
13. Middle East & Africa Wind Turbine Condition Monitoring System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wind Turbine Condition Monitoring System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wind Turbine Condition Monitoring System Market Size and Volume Forecast by Type
13.7.1. Software
13.7.2. Equipment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wind Turbine Condition Monitoring System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wind Turbine Condition Monitoring System Market: Market Share Analysis
14.2. Wind Turbine Condition Monitoring System Distributors and Customers
14.3. Wind Turbine Condition Monitoring System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Romax Technology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Strainstall
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SKF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Advantech
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Allianz
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AMSC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. National Instruments
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ammonit Measurement
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bruel & Kjær Vibro
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Electrotek Concepts
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Greenbyte
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Guralp Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hansford Sensors
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. HBM
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ifm-electronic
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. InnoEnergy
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. NRG Systems
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Premier Farnell
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
