Longer blades and taller towers, two of the most critical aspects in increasing wind turbine productivity, are driving much of the next-generation research and development effort to create a more powerful, efficient, durable, and cost-effective turbine. Other significant advancements include the creation of intelligent turbines that gather and understand real-time data and the modeling and adjustment of wind plant flows and turbine layouts to optimize wind harvest. The Wind Energy Technologies Office (WETO) collaborates with the industry to improve the performance and dependability of next-generation wind technologies while lowering wind energy costs. The traditional blade design method necessitates the development of a plug, or a full-scale model of the finished blade, which is then utilized to create the mold. The plug is one of the most time-consuming and labor-intensive operations in manufacturing wind turbine blades. Thus, 3D printing saves these valuable resources. Wind industry technology must continue to progress to secure future industry growth, building on previous triumphs to improve dependability, boost capacity factors, and lower costs. Modern wind turbines are becoming more cost-effective and stable, and their power ratings have increased to multi-megawatt levels. Furthermore, larger turbines may generate more power at lower wind speeds, allowing some previously unprofitable projects to become viable. All the factors mentioned above are expected to propel the growth of the wind turbine condition monitoring market over the forecast period.
Europe Wind Turbine Condition Monitoring Market Segmentation
The Europe wind turbine condition monitoring market is segmented on the basis of component, application, and country. Based on component, the market is segmented into hardware, and software and services. In 2020, the hardware segment held a larger market share. Based on application, the Europe wind turbine condition monitoring market is segmented into rotor, tower, gearbox, generator, and others. In 2020, the gearbox segment held the largest market share. Based on country, the market is segmented into France, Germany, Italy, the UK, Russia, and the rest of Europe. Germany contributed a substantial share in 2020.
Advantech Co. Ltd.; Baker Hughes Company; ENERCON GmbH; ENVISION Group; General Electric Company; Goldwind; Nordex SE; Siemens Gamesa Renewable Energy, S.A; TÜV RHEINLAND; and Vestas Wind Systems A/S are among the leading companies in the Europe wind turbine condition monitoring market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 108.43 Million |
| Market Size by 2028 | US$ 170.52 Million |
| CAGR (2021 - 2028) | 6.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Wind Turbine Condition Monitoring Market is valued at US$ 108.43 Million in 2021, it is projected to reach US$ 170.52 Million by 2028.
As per our report Europe Wind Turbine Condition Monitoring Market, the market size is valued at US$ 108.43 Million in 2021, projecting it to reach US$ 170.52 Million by 2028. This translates to a CAGR of approximately 6.7% during the forecast period.
The Europe Wind Turbine Condition Monitoring Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Wind Turbine Condition Monitoring Market report:
The Europe Wind Turbine Condition Monitoring Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Wind Turbine Condition Monitoring Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Wind Turbine Condition Monitoring Market value chain can benefit from the information contained in a comprehensive market report.
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