August 8, 2018 - 8:05 AM EDT
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Global LIDAR Systems Market for the Wind Industry 2018-2022: The Increase in Wind Tower Height is a Major Market Driver - ResearchAndMarkets.com

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The "Global LIDAR Systems Market for Wind Industry 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global LIDAR systems market for the wind industry is expected to grow at a CAGR of 5.52% during the period 2018-2022.

The report 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.

One trend in the market is decrease in wind electricity cost. Wind energy is currently one of the least-cost sources of electricity generation. The global weighted average electricity cost production for onshore wind has gone down by almost one-fifth between 2010 and 2016.

According to the report, one driver in the market is increase in wind tower height. The wind tower height has grown tremendously in the past few years as the wind blows more steadily at high altitudes, which helps increase the energy generated from wind turbines. The increase in height of wind towers has resulted in the increased size of rotors, blades, and also the total potential production from wind turbines.

Further, the report states that one challenge in the market is competition from fossil fuels. According to the IEA, renewable energy, including solar PV energy, hydro energy, and wind energy, alone accounted for 23% share of electricity generation in 2015. Wind energy has not been able to overcome the wide use of fossil fuels.

Key Vendors

  • John Wood Group
  • Leosphere
  • Lockheed Martin
  • Windar Photonics
  • ZephIR Lidar

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Product

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/hqtgtl/global_lidar?w=4

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Related Topics: Wind Power, Lasers


Source: Business Wire (August 8, 2018 - 8:05 AM EDT)

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