DUBLIN, March 4, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/mfqs4b/global_wind) has announced the addition of the "Global Wind Automation Market 2016-2020" report to their offering.
The global wind automation market is expected to grow at a CAGR of 7.98% during the period 2016-2020.
The use of geared motors and drives, PLC, SCADA, and DCS has increased the efficiency of wind power electricity generation. The geared motor and drive component of a windmill controls the rotational speed and directions of the turbine. PLC, SCADA, and DCS solutions help in monitoring and controlling of the turbines. The solutions are also used to store, transmit, and distribute electricity generated through turbines and transferred to substations through electricity grids.
According to the report, rising demand for renewable energy has attracted heavy investments in solar, hydro, and wind power since 2010. A majority of the investments may be used as a capital fund to construct wind power plants. Capital investments include costs incurred in project development, government permissions, turbines, installation, commissioning, and other operational costs.
Further, the report states that many countries across the globe prefer coal, gas, and hydro as source for power generation compared to wind. The conventional power generation involves less capital expenditure compared to wind power generation. Hence, restricts the market growth.
Key vendors:
- ABB
- Emerson Electric
- Schneider Electric
- Siemens
Key questions answered in this report:
- What will the market size be in 2020 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?
Report Structure:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Wind farm value chain
PART 06: Wind automation industry life cycle
PART 07: Global wind automation market
PART 08: Market segmentation by products
PART 09: Market segmentation by geography
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
Companies Profiled:
- ABB
- Emerson Electric
- Schneider Electric
- Siemens
- Bachmann electronic
- Bonfiglioli
- General Electric
- Honeywell
- Mitsubishi
- Omron
- Regal Beloit
- Rockwell Automation
- Vestas Wind Systems
- Yokogawa Electric.
For more information visit http://www.researchandmarkets.com/research/mfqs4b/global_wind
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