Global wind turbine monitoring systems market 2024-2028

Description

List of Tables

The wind turbine monitoring systems market is forecasted to grow by USD 8728 mn during 2023-2028, accelerating at a CAGR of 19.34% during the forecast period. The report on the wind turbine monitoring systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid growth of global wind power market, high failure of wind turbine components, and presence of regulations that encourage power generation from renewable sources.

Technavio's wind turbine monitoring systems market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	16.49%
CAGR	19.34%
Incremental Value	$8728mn

By Type

Vibration monitoring
Automated oil-particulate systems
Acoustic monitors

By Application

Onshore
Offshore

By Geography

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the rise in offshore wind energy installations as one of the prime reasons driving the wind turbine monitoring systems market growth during the next few years. Also, reduction in cost for wind projects and rise in demand for wind turbine monitoring systems with increasing onshore wind power installations will lead to sizable demand in the market.

The report on the wind turbine monitoring systems market covers the following areas:

Wind turbine monitoring systems market sizing
Wind turbine monitoring systems market forecast
Wind turbine monitoring systems market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine monitoring systems market vendors that include AB SKF, ACOEM Group, Advantech Co. Ltd., American Superconductor Corp., Ammonit Measurement GmbH, Avnet Inc., Campbell Scientific Inc., Dewesoft d.o.o., Envision Energy USA Ltd., ESCO Technologies Inc., General Electric Co., GreenStream Data Ltd., Hansford Sensors Ltd., Hexagon AB, Indutrade AB, James Fisher and Sons Plc, National Instruments Corp., NSK Ltd., Siemens AG, and Spectris Plc. Also, the wind turbine monitoring systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR45443

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Wind Turbine Monitoring Systems Market 2018 - 2022
- Historic Market Size - Data Table on Global Wind Turbine Monitoring Systems Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Vibration monitoring - Market size and forecast 2023-2028
- Chart on Vibration monitoring - Market size and forecast 2023-2028 ($ million)
- Data Table on Vibration monitoring - Market size and forecast 2023-2028 ($ million)
- Chart on Vibration monitoring - Year-over-year growth 2023-2028 (%)
- Data Table on Vibration monitoring - Year-over-year growth 2023-2028 (%)
6.4 Automated oil-particulate systems - Market size and forecast 2023-2028
- Chart on Automated oil-particulate systems - Market size and forecast 2023-2028 ($ million)
- Data Table on Automated oil-particulate systems - Market size and forecast 2023-2028 ($ million)
- Chart on Automated oil-particulate systems - Year-over-year growth 2023-2028 (%)
- Data Table on Automated oil-particulate systems - Year-over-year growth 2023-2028 (%)
6.5 Acoustic monitors - Market size and forecast 2023-2028
- Chart on Acoustic monitors - Market size and forecast 2023-2028 ($ million)
- Data Table on Acoustic monitors - Market size and forecast 2023-2028 ($ million)
- Chart on Acoustic monitors - Year-over-year growth 2023-2028 (%)
- Data Table on Acoustic monitors - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
7.3 Onshore - Market size and forecast 2023-2028
- Chart on Onshore - Market size and forecast 2023-2028 ($ million)
- Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
- Chart on Onshore - Year-over-year growth 2023-2028 (%)
- Data Table on Onshore - Year-over-year growth 2023-2028 (%)
7.4 Offshore - Market size and forecast 2023-2028
- Chart on Offshore - Market size and forecast 2023-2028 ($ million)
- Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
- Chart on Offshore - Year-over-year growth 2023-2028 (%)
- Data Table on Offshore - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape2023-2028 (%)
- Data Table on Market share By Geographical Landscape2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
- Market opportunity By Geographical Landscape($ million)
- Data Tables on Market opportunity By Geographical Landscape($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 AB SKF
- AB SKF - Overview
- AB SKF - Business segments
- AB SKF - Key news
- AB SKF - Key offerings
- AB SKF - Segment focus
12.4 ACOEM Group
- ACOEM Group - Overview
- ACOEM Group - Product / Service
- ACOEM Group - Key offerings
12.5 Advantech Co. Ltd.
- Advantech Co. Ltd. - Overview
- Advantech Co. Ltd. - Business segments
- Advantech Co. Ltd. - Key news
- Advantech Co. Ltd. - Key offerings
- Advantech Co. Ltd. - Segment focus
12.6 American Superconductor Corp.
- American Superconductor Corp. - Overview
- American Superconductor Corp. - Business segments
- American Superconductor Corp. - Key offerings
- American Superconductor Corp. - Segment focus
12.7 Ammonit Measurement GmbH
- Ammonit Measurement GmbH - Overview
- Ammonit Measurement GmbH - Product / Service
- Ammonit Measurement GmbH - Key offerings
12.8 Avnet Inc.
- Avnet Inc. - Overview
- Avnet Inc. - Business segments
- Avnet Inc. - Key offerings
- Avnet Inc. - Segment focus
12.9 Dewesoft d.o.o.
- Dewesoft d.o.o. - Overview
- Dewesoft d.o.o. - Product / Service
- Dewesoft d.o.o. - Key offerings
12.10 Envision Energy USA Ltd.
- Envision Energy USA Ltd. - Overview
- Envision Energy USA Ltd. - Product / Service
- Envision Energy USA Ltd. - Key offerings
12.11 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
12.12 Hexagon AB
- Hexagon AB - Overview
- Hexagon AB - Business segments
- Hexagon AB - Key news
- Hexagon AB - Key offerings
- Hexagon AB - Segment focus
12.13 Indutrade AB
- Indutrade AB - Overview
- Indutrade AB - Business segments
- Indutrade AB - Key offerings
- Indutrade AB - Segment focus
12.14 James Fisher and Sons Plc
- James Fisher and Sons Plc - Overview
- James Fisher and Sons Plc - Business segments
- James Fisher and Sons Plc - Key news
- James Fisher and Sons Plc - Key offerings
- James Fisher and Sons Plc - Segment focus
12.15 NSK Ltd.
- NSK Ltd. - Overview
- NSK Ltd. - Product / Service
- NSK Ltd. - Key news
- NSK Ltd. - Key offerings
12.16 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
12.17 Spectris Plc
- Spectris Plc - Overview
- Spectris Plc - Business segments
- Spectris Plc - Key news
- Spectris Plc - Key offerings
- Spectris Plc - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations