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Global Wind Turbine Monitoring Systems Market Booming At CAGR Of 16.88% Between 2017-2021

Press release   •   Jul 10, 2017 02:34 EDT

Latest industry research report on: Global Wind Turbine Monitoring Systems Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

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.

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

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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

Technavio's 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.

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Key vendors

  • General Electric,
  • Romax Technology,
  • Strainstall,
  • SKF
  • Siemens

Other prominent vendors

  • Advantech
  • Alleantia
  • Allianz
  • American Superconductor
  • Ammonit Measurement
  • Brel & Kjr Vibro
  • Electrotek Concepts
  • Greenbyte
  • Guralp Systems
  • Hansford Sensors
  • HBM
  • ifm electronic
  • InnoEnergy
  • National Instruments
  • NRG Systems
  • Premier Farnell
  • Pure Energy Centre

Market driver

Rise in wind energy consumption

For a full, detailed list, view our report

Market challenge

False alarms cast doubts on the reliability of turbine parts

For a full, detailed list, view our report

Market trend

Rising patent filings

For a full, detailed list, view our 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?

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