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Europe Wind Turbine Condition Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, and Software and Services) and Application (Rotor, Tower, Gearbox, Generator, and Others)

Report Code :  TIPRE00029284
No. of Pages :  125
Published Month :  May 2022
Category :  Electronics and Semiconductor
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The wind turbine condition monitoring market in Europe is expected to grow from US$ 108.43 million in 2021 to US$ 170.52 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.

 

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 Revenue and Forecast to 2028 (US$ Million)


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.

 
  1. Advantech Co. Ltd.
  2. Baker Hughes Company
  3. ENERCON GmbH
  4. ENVISION Group
  5. General Electric Company
  6. Goldwind
  7. Nordex SE
  8. Siemens Gamesa Renewable Energy, S.A
  9. TÜV RHEINLAND
  10. Vestas Wind Systems A/S
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Wind Turbine Condition Monitoring Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe Wind Turbine Condition Monitoring Market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Wind Turbine Condition Monitoring Market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution