Global Wind Turbine Monitoring Systems Market 2017-2021 - Product Image

Global Wind Turbine Monitoring Systems Market 2017-2021

  • ID: 4328330
  • Report
  • Region: Global
  • 69 pages
  • TechNavio
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FEATURED COMPANIES

  • Alleantia
  • Ammonit Measurement
  • General Electric
  • Hansford Sensors
  • InnoEnergy
  • Premier Farnell
  • MORE
About Wind Turbine Monitoring Systems

Condition monitoring is a tool that monitors the health of the components of a turbine and related electrical systems. It helps wind farm owners and operators by predicting maintenance issues, which helps in replacements of components only when necessary.

Condition monitoring systems (CMS) for wind power generators enable the early detection of component deterioration using parameters, such as vibration and temperature, and thus prevent more damage; they also enable the immediate ordering of replacement components for increased uptime. In addition, maintenance costs can be saved since wind turbines are monitored remotely, reducing the need for site visits.

The analysts forecast the global wind turbine monitoring systems market to grow at a CAGR of 16.88% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wind turbine monitoring systems market for 2017-2021. To calculate the market size, the report considers the new installations and exclude replacement markets.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Wind Turbine Monitoring Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • General Electric,
  • Romax Technology,
  • Strainstall,
  • SKF
  • Siemens
Other prominent vendors
  • Advantech
  • Alleantia
  • Allianz
  • American Superconductor
  • Ammonit Measurement
  • Brüel & Kjær Vibro
  • Electrotek Concepts
  • Greenbyte
  • Guralp Systems
  • Hansford Sensors
  • HBM
  • ifm electronic
  • InnoEnergy
  • National Instruments
  • NRG Systems
  • Premier Farnell
  • Pure Energy Centre
Market drivers
  • Rise in wind energy consumption
  • For a full, detailed list, view the full report
Market challenges
  • False alarms cast doubts on the reliability of turbine parts
  • For a full, detailed list, view the full report
Market trends
  • Rising patent filings
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • Alleantia
  • Ammonit Measurement
  • General Electric
  • Hansford Sensors
  • InnoEnergy
  • Premier Farnell
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application
  • Global wind turbine monitoring systems market by application
  • Global wind turbine monitoring systems market by onshore application
  • Global wind turbine monitoring systems market by offshore application
PART 07: Geographical segmentation
  • Global wind turbine monitoring systems market by geography
  • Wind turbine monitoring systems market in EMEA
  • Wind turbine monitoring systems market in Americas
  • Wind turbine monitoring systems market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Rising patent filings
  • Rise in offshore installations
  • Reduction in cost for wind projects
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • General Electric
  • Romax Technology
  • Strainstall
  • SKF
  • Siemens
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Cost breakdown of wind turbine components
Exhibit 02: Applications of CMS
Exhibit 03: Global wind turbine monitoring systems market overview
Exhibit 04: Global wind turbine monitoring systems market 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global wind turbine monitoring systems market by application 2016 and 2021 (%)
Exhibit 07: Global wind turbine monitoring systems market by application 2016-2021 ($ billions)
Exhibit 08: Global wind turbine monitoring systems market by onshore application 2016-2021 ($ billions)
Exhibit 09: New onshore wind installations in top countries in 2016 (MW)
Exhibit 10: Global wind turbine monitoring systems market by offshore application 2016-2021 ($ billions)
Exhibit 11: Cost comparison of onshore and offshore wind generation ($ per MWh)
Exhibit 12: Global wind turbine monitoring systems market by geography 2016-2021 (%)
Exhibit 13: Global wind turbine monitoring systems market by geography 2016-2021 ($ billions)
Exhibit 14: Wind turbine monitoring systems market in EMEA 2016-2021 ($ billions)
Exhibit 15: Wind power capacity in Germany 2010-2016 (MW)
Exhibit 16: Wind power capacity in UK 2010-2016 (MW)
Exhibit 17: Wind turbine monitoring systems market in Americas 2016-2021 ($ billions)
Exhibit 18: Wind turbine monitoring systems market in APAC 2016-2021 ($ billions)
Exhibit 19: Wind power installation: 2016 (MW)
Exhibit 20: Component malfunction leading to wind turbine failure
Exhibit 21: New wind installation targets by 2020
Exhibit 22: Rising patent filings in global wind turbine monitoring systems market
Exhibit 23: Global cumulative offshore wind installation capacity 2006-2016 (MW)
Exhibit 24: Wind LCOE 2009-2016
Exhibit 25: Other prominent vendors (indicative list)
Exhibit 26: General Electric: Key products/services offered
Exhibit 27: Romax Technology: Services offered
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FEATURED COMPANIES

  • Alleantia
  • Ammonit Measurement
  • General Electric
  • Hansford Sensors
  • InnoEnergy
  • Premier Farnell
  • MORE
New Report Released: - Global Wind Turbine Monitoring Systems Market 2017-2021

The author of the report recognizes the following companies as the key players in the global wind turbine monitoring systems market: General Electric, Romax Technology, Strainstall, SKF, and Siemens.

Other Prominent Vendors in the market are: Advantech, Alleantia, Allianz, American Superconductor, Ammonit Measurement, Brüel & Kjær Vibro, Electrotek Concepts, Greenbyte, Guralp Systems, Hansford Sensors, HBM, ifm electronic, InnoEnergy, National Instruments, NRG Systems, Premier Farnell, and Pure Energy Centre.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is rising patent filings. The global wind turbine monitoring systems market is witnessing increased expenditure by vendors on their R&D activities, leading to product innovation. In addition, vendors in the market are working to reduce the cost of upgrades and maintenance.”

According to the report, one of the major drivers for this market is Rise in wind energy consumption. Countries are shifting their focus from non-renewable sources of energy to renewable sources to produce power. The shift in focus is due to the depletion of conventional sources of energy. Wind power is considered to be the most efficient source of power among all renewable energy sources. According to GWEC, China was the leading country in terms of cumulative installed wind power capacity, accounting for 168,690 MW in 2016, followed by the US, with wind power capacity of 82184 MW. The increased focus of these countries to tap wind energy potential bode well for the growth of the global wind turbine monitoring systems.

Further, the report states that one of the major factors hindering the growth of this market is False alarms cast doubts on the reliability of turbine parts. The monitoring system module in wind turbines receives information from all levels of the system (system, subsystem, and components). The role of the monitoring system is to combine information and infer the state of the turbine. The reliability of wind turbines is an intricate problem that can find as many different answers as sources when it comes to assessing the failure rate of a given wind turbine. In addition to this relative inexperience, turbines come in different sizes and configurations from different manufacturers and are installed on sites that involve different external factors, making it difficult to compare wind turbines solely on the basis of the power range. At times, the monitoring system installed in wind turbines can create false alarms, making the reliability of these systems doubtful.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • General Electric
  • Romax Technology
  • Strainstall
  • SKF
  • Siemens. Advantech
  • Alleantia
  • Allianz
  • American Superconductor
  • Ammonit Measurement
  • Brüel & Kjær Vibro
  • Electrotek Concepts
  • Greenbyte
  • Guralp Systems
  • Hansford Sensors
  • HBM
  • ifm electronic
  • InnoEnergy
  • National Instruments
  • NRG Systems
  • Premier Farnell
  • Pure Energy Centre
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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