The wind turbine automation market revenue by the end of 2021 was US$ 13.4 Billion. The wind turbine automation market is expected to reach US$ 38.6 Billion by 2032, as it is estimated to grow at a CAGR of 10.2% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Estimated Year (2022) Market Value | US$14.6 Billion |
| Projected Year (2032) Market Value | US$ 38.6 Billion |
| CAGR% (2022 to 2032) | 10.2% |
| Top 5 Vendor Market Share | Around 45% |
Wind turbine automation is the implementation of technologies like sensors, actuators, and various other software and hardware technologies to automate the processes involved in the operation of a windmill and present the data collected by these devices to the users.
The wind turbine automation market consists of 10% of the global wind turbine market.
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The wind turbine automation market is estimated to grow at a CAGR of 10.2% for the forecast period.
Governments are taking measures to develop renewable sources of energy for a sustainable future due to which several wind farm projects are in their development phase across several countries. The growth in the number of windmills and wind farms globally will result in the growth of the wind turbine automation market.
Windmills operate on the flow of the wind the generated electricity, due to this by nature windmills are automated devices, to begin with. However, for windmills to generate electricity, they need to be placed at a certain height and angle, change in the direction of the winds can impact the electricity generation.
Making the necessary adjustments to match the required angle, monitoring the system to ensure it is operating properly, and carrying out wind turbine testing are tasks that are either extremely difficult or almost impossible to do manually. This is where wind turbine automation falls into the picture and allows the processes to be carried out successfully.
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Europe was the region estimated to hold the largest market share in 2021 at 32.1% and North America is estimated to be the fastest-growing region for the wind turbine automation market with a CAGR of 10.3% for the forecast period.
Europe has historically held a large presence of wind turbines because of the decision of the Scandinavian countries to shift away from nuclear energy and shift to the use of renewable energy, the halt of Russian oil to the European countries because of the Russia-Ukraine war further pushes Europe to implement alternative sources of energy, wind energy being one of them. The economic strength in this region has allowed the wind farms to be established and the wind turbine automation market to grow alongside as well.
North America is currently taking major steps to implement and establish wind farms across the region. The large economic strength that allows the market to grow in this region can allow North America to be a flourishing market for wind turbine automation market.
The United Kingdom is already a global leader in the development of wind energy and the energy generated by wind farms in the United Kingdom has already surpassed that of coal and nuclear. The United Kingdom also has several offshore wind farms and being an island, there is scope for both offshore and onshore wind power generation. The presence of wind power generation companies is less in the United Kingdom, suggesting the players have established their market presence.
The USA is catching up with Europe in terms of the application of wind turbines across the nation. The global wind turbine challenge however is that setting up wind farms can take the time period of 8-15 years.
Steps are being taken globally to bring this time duration to 3-4 years, USA has the right amount of economic strength and technical expertise to implement and accelerate the process. Due to these reasons, the USA is estimated to be a fast-growing market for wind turbine automation.
The government of India is taking decisions and measures to increase energy generation via wind. Several wind turbine manufacturing companies have a good presence in India allowing for the government initiative to be driven. For this reason, India is estimated to grow at a CAGR of 9.8% for the forecast period.
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The SCADA systems (supervisory control and data acquisition systems) have been in use for wind turbine automation purposes for a long time. The system is used for identifying the direction of the wind and calculating the speed at which it is flowing, which is crucial for the operation of wind turbines and wind farms. Due to this factor, SCADA systems were estimated to have a larger market share of 39.8% in 2021.
Software components are much easier to develop, update, and install in wind turbine systems compared to hardware components and the services related to wind turbines. Several technological advancements like data analytics and edge computing are pushing the capabilities of wind turbine automation software and providing users with better information. Due to these factors, software components are estimated to have the largest CAGR of 35.4% for the forecast period.
NIMBY, also known as Not in my backyard, is a phenomenon experienced across the world where any giant change in a geographical area is often discouraged and even opposed by the residents of the area. In the case of wind farms, there is a tremendous amount of noise generated because of the humongous blades of the turbines.
There are certain geographical limitations in the case of onshore wind power generation farms as well. The same limitations are less in the case of offshore wind power generation. Due to these factors, offshore wind power generators are estimated to have the highest CAGR over the forecast period of 13.4%.
Several companies which develop solutions and instruments for industrial purposes have the technical expertise and background to develop systems for wind turbine automation and companies like Emerson and Siemens are proof of the same. Companies that operate in the wind turbine market often do not provide the entire hardware and software requirements of the wind farms and build parts of it.
| Attribute | Details |
|---|---|
| Market value in 2021 | US$ 13.4 Billion |
| Market CAGR 2022 to 2032 | 10.2% |
| Share of top 5 players | Around 45% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey, and South Africa |
| Key Segments Covered | System, Component, Application, and Region |
| Key Companies Profiled |
Emerson; Axiomtek; Siemens; Rockwell Automation; ABB; Pliz; B&R Industrial Automation; Prima Automation; Beckhoff Worldwide; Inox Wind |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Some leading wind turbine automation is Emerson, Axiomtek, Siemens, Rockwell Automation, and ABB.
North America is estimated to have the highest growth for the wind turbine automation market during the forecast period at 10.4%.
Allowing wind turbine operators to carry out operational and maintenance tasks better.
Onshore wind generation had the largest market share for the wind turbine automation market at 61.3% in 2021.
Offshore wind power generation has the highest CAGR of 5.6% for the forecast period.
United Kingdom, USA, Germany, Denmark, and China.
The market share of South Asia and the Pacific for the year 2021 for the wind turbine automation market was 12.5%.
North America had a market share of 26.5% in 2021 for the wind turbine automation market.
The USA has the highest CAGR for the forecast period, which is 10.4%.
The estimated market value for the wind turbine automation market for the year 2022 is US$ 14.6 Billion.
For the East Asia region, the CAGR for the forecast period is estimated to be 8.6% for the wind turbine automation market.
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