The Wind Turbine Control Systems Market Research Study delivers current market analysis and technology forecast. The market is expected to grow at a single-digit CAGR during the forecast period due to the uncertainties ushered upon by the COVID-19 pandemic.
The wind turbine control systems market took a strong hit in 2020 due to the COVID-19 pandemic and is expected to revive in 2021 onward, subject to how the global economies deal with the existing pandemic situation.
The market revenue declined in 2020 as a majority of new projects have been impacted by the ongoing pandemic. All major economies witnessed a strong decline in 2020. The market is dominated by the EMEA region, followed by Asia, North America, and Latin America. Climate change and the need to reduce carbon dioxide emissions have made headlines for the past several years. While a difference of opinion exists for cause and effect of those, wind power generation is considered to be one of the most attractive energy sources in the global community to alleviate those concerns. Wind power is not just playing a part in reducing carbon emissions, but is doing so at an impressive rate.
The market for wind turbine control systems is dominated by GE, ABB, Woodward, Ingeteam, and KK Wind Solutions. Overall, ARC’s analysis suggests that broad wind turbine control portfolios clearly enable suppliers to garner defensible leadership positions.
In addition to providing a five-year market forecast, the wind turbine control systems market research report provides detailed, quantitative current market data and addresses key strategic issues as follows.
Benefits offered by a condition monitoring system such as maximizing uptime and improving the overall productivity of wind turbines is expected to help small and large wind turbine constructors to reap maximum profits.
Wind turbine control systems suppliers must comprehensively test their system design under similar hostile environments and incorporate advancements necessary for reliable operation. This type of environment-specific testing provides the opportunity for the suppliers of wind turbine control systems to anticipate and prevent failures.
The COVID-19 outbreak has caused disruptions to global supply chains and business operations. While the pandemic significantly impacted the 2020 demand for wind turbine control systems, the market projections do take into account industry trends with ARC’s best estimates for how the COVID-19 pandemic will impact the wind turbine control systems market in different industry types.
This market study may be purchased as an Excel Workbook and/or as a PDF File. The Workbook has some unique features such as the ability to view data in local currency. Regional studies include country and industry market data. Studies and formats available are listed below:
| MIRA Workbook | PDF File | |
| Worldwide (includes regional data) | Yes | Yes |
| North America (includes country data) | No | No |
| Latin America (includes country data) | No | No |
| Europe, Middle East, Africa (includes country data) | No | No |
| Asia (includes country data) | No | No |
| Annual Subscription | Yes | Yes |
Countries included in each region.
Table of contents for these studies is shown in the following paragraphs.
The research identifies all relevant suppliers serving this market.
List of countries & currencies included in each region: MIRA-Country
For more information or to purchase the Wind Turbine Control Systems Market Research study, please contact us.
