Global Wind Automation Market Report 2022-2027 - The Trend of Increasing Digital Transformation and Increased R&D Expenditure - PR Newswire

Global Wind Automation Market Report 2022-2027 – The Trend of Increasing Digital Transformation and Increased R&D Expenditure – PR Newswire

DublinAnd May 27 2022 /PRNewswire/ – file “Global Wind Energy Automation Market – Forecasts from 2022 to 2027” Report added to ResearchAndMarkets.com an offer.

The global wind automation market is expected to grow at a CAGR of 5.01% during the forecast period to reach a market size of 5.196 billion US dollars In the year 2027 from 3.689 billion US dollars in the year 2020.

The growing trend of digital transformation, along with increased spending on research and development, is expected to be the main factor driving the growth of the global wind automation market.

As the demand for renewable energy continues to increase, government authorities around the world have taken steps to increase the production of renewable energy, thus contributing significantly to the growth of the global market for wind energy automation.

Other factors driving the demand for wind energy automation are strict low-carbon regulations, better return on investment, and increased awareness of green energy. The Biden administration’s Department of the Interior has announced the expansion of offshore wind farms in the Atlantic, off the coast of Biden State. Massachusetts and Carolina, and in The Gulf Of Mexico.

On the other hand, high capital requirements along with stringent government regulations regarding marine installations are expected to act as constraints on the growth of this market.

growth factors

Increasing demand for renewable energy

One of the major factors driving the growth of the global wind energy automation market is the increasing demand for renewable energy. According to the International Energy Agency, the demand for renewable energy increased by 3% in 2020. The share of renewable energy in global electricity demand was estimated at about 27% in 2019, which increased and jumped to 29% in 2020. Automation in wind turbines helps discover The most suitable conditions for energy production, which are expected to increase the demand for automation processes such as artificial intelligence, Internet of things and data analytics in wind turbines.

Automated devices assist in remote control and detection of equipment working conditions in real time, which ultimately reduces operating cost and reduces reliance on available fossil fuels, which are limited in nature. Efficiency is the main limitation of renewable energy generation, but with the help of smart automated devices, companies are easily implementing automated controls that help improve efficiency during electricity generation.

Amazon, the online retail giant, has announced the development of 18 new wind and solar projects in United StateAnd GermanyAnd ItaliaAnd Spainand the United kingdom. It has 274 renewable projects around the world and plans to use renewable energy to power 100 percent of its business operations by 2025.

Increase spending on research and development

Another factor driving this growth is the increase in spending on research and development According to the International Energy Agency, in 2019, global government spending on energy research and development increased by 3% for the United States. 30 billion dollars, of which nearly 80% has been used for low-carbon energy technologies. Although the growth rate in 2019 is lower than in the past two years, it is still higher than the annual average since 2014.

China The content of low-carbon energy research and development increased by 10% in 2019, mainly in the field of energy efficiency and hydrogen energy in research and development. at Europe And United StateIn both economies, public spending on energy research and development increased 7%, higher than the most recent annual trend. 24 major countries and the European Commission pledged in 2015 to double public investment in clean energy research and development within five years under the Mission’s Innovation Initiative.

This is to increase public spending on energy research and development and bring it closer to the need for decarbonization. fixed. Since then, governments of major economies have increased their investment in energy research, and some countries, such as Indiaexplained the link between their R&D activities and members of their innovation mission.

Impact of COVID-19 on Wind Automation Market:

However, the COVID-19 pandemic is expected to act as a restriction on the growth of this market, due to the pandemic scenario, many countries around the world have gone into lockdown, completely disrupting the supply chain. Work stoppages, labor shortages and preventive quarantine to limit the spread of the virus are also expected to have a negative impact on the market.

Competitive Insights

The increasing demand for global wind automation solutions has led to the entry of many new players into the global wind automation market. To increase their customers as well as increase their market share in the coming years, many of these market players have taken various strategic actions such as partnerships and developing new solutions, which are expected to keep the market competitive and constantly evolving.

Major market players such as Siemens AG and Rockwell Automation, Inc. and Bachmann Electronic GmbH, among others, along with their comparative competitive strategies. The report also mentions recent deals and investments by various players in the market over the past few years.

Company Profile

  • Siemens AG
  • Rockwell Automation, Inc.
  • Bachmann Electronic GmbH
  • ABB
  • Schneider Electric
  • Emerson Electric Co
  • Bonfiglioli Riduttori SPA
  • Mitsubishi Electric
  • Honeywell Company
  • Yokogawa Electric Company
  • top form

Market Segmentation:

High School

  • Synthetic fiber
  • Supervisory Control and Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Engines and geared motors

by publishing

  • wild wind farms
  • offshore wind farms

by geography

  • North Amarica
  • United States of America
  • Canada
  • Mexico
  • South america
  • Brazil
  • Argentina
  • Europe
  • United kingdom
  • Germany
  • Italia
  • Spain
  • Aharon
  • The Middle East And Africa
  • Israel
  • Kingdom Saudi Arabia
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Aharon

For more information on this report visit https://www.researchandmarkets.com/r/snb0qp

Media contact:

Research and Markets
Laura Wooddirector, mentor
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SOURCE Research & Markets

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