Press release
Comprehensive Wind Turbine Automation Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Wind Turbine Automation Market Size
The rising utilization of wind power is anticipated to accelerate the expansion of the wind turbine automation market. Wind power pertains to the kinetic energy derived from air movements over the Earth's surface, mainly captured through wind turbines to produce electricity. The use of wind power is on the rise due to its sustainable and cost-effective nature in renewable energy production. Wind turbine automation bolsters efficiency, reliability, and the safety of turbine functions. It facilitates the monitoring, scheduling of maintenance, fault detection, and performance optimization of the turbine, all of which help to augment energy production and minimize operating expenses. For example, data from the International Energy Agency, a France-based intergovernmental organization, illustrates an increase in electricity generated by wind by 265 TWh in 2022, showcasing a 14% hike from 2021, ranking it second in growth among all power generation technologies. Wind power continues to be the leading non-hydro renewable technology, producing more than 2100 TWh in 2022, exceeding the combined total of all other renewable sources. Therefore, the rising utilization of wind power is seen as fueling the growth of the wind turbine automation market.
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What is the projected compound annual growth rate (CAGR) of the wind turbine automation market from 2025 to 2034, and what factors influence it?
There has been a robust expansion of the wind turbine automation market in the past few years. The market valuation will escalate from $15.56 billion in 2024 to $17.09 billion in 2025, translating to a compound annual growth rate (CAGR) of 9.8%. Factors attributing to this historical growth include innovative advancements in automation technology, cost-cutting measures, augmentation in wind energy capacity, favorable regulatory landscape, and focus on safety standards.
The wind turbine automation market is projected to experience robust growth in the coming few years, expanding to $22.59 billion in 2029 with a 7.2% compound annual growth rate. Many factors contributing to this growth during the forecast period include the implementation of automation in conjunction with digitalization and the Internet of Things, enhancements in artificial intelligence for wind turbines, utilization of automation in hybrid renewable energy systems, and automation approaches for energy storage integration and offshore wind farms. Notable trends during this forecast period comprise autonomous operations, predictive upkeep, edge computing and immediate monitoring, cybersecurity remedies, and incorporation with grid control systems.
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How are the latest trends influencing the growth of the wind turbine automation market?
Leading firms in the wind turbine automation market are concentrating on establishing strategic collaborations to invent new products and solidify their market standing. A strategic alliance refers to a cooperative relationship where two or more parties, usually organizations or companies, unite to meet shared objectives or strategic goals. As an example, ABB Ltd., an automation company from Switzerland, revealed its partnership with WindESCo Inc., an American software firm, in September 2023. The strategic collaboration incorporates ABB procuring a minority stake in WindESCo. ABB intends to augment its wind energy collection by incorporating WindESCo's digital solutions, which would boost turbine efficiency and dependability. WindESCo stands to gain from ABB's proficiency and market prominence to broaden its range in electric system optimization. The alliance's objective is to furnish wind customers with comprehensive solutions, enhance wind turbine efficiency and trustworthiness, and pioneer new market channels for digital products.
What are the major segments of the wind turbine automation market and their role in driving growth?
The wind turbine automation market covered in this report is segmented -
1) By System: Supervisory Control And Data Acquisition (SCADA) Systems, Programmable Logic Controllers (PLC) Systems, Distributed Control Systems (DCS), Condition Monitoring Systems (CMS), Other Systems
2) By Component: Hardware, Software, Services
3) By Application: Offshore Wind Power Generation, Onshore Wind Power Generation, Other Applications
Subsegments:
1) By Supervisory Control And Data Acquisition (SCADA) Systems: Remote Monitoring, Data Acquisition, Data Storage And Reporting, Alarm And Event Management, Data Analytics
2) By Programmable Logic Controllers (PLC) Systems: Control And Automation Of Operations, Real-Time Monitoring And Diagnostics, Communication With SCADA, Fault Detection And Prevention, Performance Optimization
3) By Distributed Control Systems (DCS): Process Control, Safety Instrumented Systems, Network Integration, Remote Control And Monitoring, Performance Management
4) By Condition Monitoring Systems (CMS): Vibration Monitoring, Temperature Monitoring, Oil And Wear Particle Monitoring, Acoustic Monitoring, Power And Load Monitoring
5) By Other Systems: Human-Machine Interface (HMI) Systems, Energy Management Systems (EMS), Fault Detection And Diagnostics Systems, Load Shedding And Power Quality Systems
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Europe was the largest region in the wind turbine automation market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wind turbine automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the wind turbine automation market?
Major companies operating in the wind turbine automation market are Siemens AG, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation, Parker Hannifin Corporation, Vestas Wind Systems A/S, Emerson Electric Co., Danfoss, Rockwell Automation Inc., Nordex SE, Omron Corporation, Fanuc Corporation, Enercon GmbH, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Moog Inc., Suzlon Energy Limited, Axiomtek, Bachmann electronic GmbH, Inox Wind, Prima Automation
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What Is Covered In The Wind Turbine Automation Global Market Report?
•Market Size Forecast: Examine the wind turbine automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the wind turbine automation market for a structured understanding.
•Key Players Overview: Analyze major players in the wind turbine automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wind turbine automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the wind turbine automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wind turbine automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the wind turbine automation market.
•Competitive Landscape: Review strategic developments in the wind turbine automation market, including expansions, agreements, and new product launches.
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