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Middle East and Africa 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 :  TIPRE00029285
No. of Pages :  117
Published Month :  May 2022
Category :  Electronics and Semiconductor
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The wind turbine condition monitoring market in Middle East & Africa is expected to grow from US$ 7.30 million in 2021 to US$ 10.17 million by 2028; it is estimated to grow at a CAGR of 4.9% 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.  For instance, The Dakota Range 1 & 2 wind farm in Watertown, South Dakota, will have the largest turbines of Xcel Energy's wind projects, and even bigger turbines are planned for southern Minnesota. The Plum Creek project, which is yet to be built, will include turbines that are 655 feet tall when fully extended, nearly 160 feet taller than Xcel's new South Dakota project, and roughly the height of a 60-story structure. Wind energy is captured more efficiently with larger blades. Larger turbines use less total area as fewer turbines are required to produce the same quantity of energy. 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.

 

Middle East & Africa Wind Turbine Condition Monitoring Market Revenue and Forecast to 2028 (US$ Million)


Middle East & Africa Wind Turbine Condition Monitoring Market Segmentation        

 

The Middle East & Africa 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 Middle East & Africa 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 South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. South Africa contributed a substantial share in 2020. 

 

Advantech Co. Ltd.; Baker Hughes Company; ENERCON GmbH; 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 Middle East & Africa wind turbine condition monitoring market.

 
  1. Advantech Co. Ltd.
  2. Baker Hughes Company
  3. ENERCON GmbH
  4. General Electric Company
  5. Goldwind
  6. Nordex SE
  7. Siemens Gamesa Renewable Energy, S.A
  8. TÜV RHEINLAND
  9. 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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