Global Renewable Energy Forecasting Services Supply, Demand and Key Producers, 2023-2029

Global Renewable Energy Forecasting Services Supply, Demand and Key Producers, 2023-2029

The global Renewable Energy Forecasting Services market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

Renewable energy forecasting services are specialized solutions that provide accurate predictions of the electricity generation from renewable energy sources, such as wind, solar, hydro, and other renewable technologies. These services use advanced meteorological data, historical performance data, and predictive modeling techniques to forecast the expected output of renewable energy systems. The primary purpose of these forecasting services is to assist grid operators, utilities, and renewable energy project operators in effectively managing and integrating variable renewable energy sources into the power grid.

Key aspects of renewable energy forecasting services include:

Data Integration: These services integrate a wide range of data sources, including real-time weather data, historical energy production data, and data from renewable energy assets. This data is used to make accurate forecasts of renewable energy generation.

Meteorological Data: Accurate meteorological data, such as wind speed, solar radiation, temperature, and other weather-related parameters, is a fundamental component of renewable energy forecasting.

Short-Term and Long-Term Forecasting: These services offer forecasts at different time horizons, including short-term forecasts (hours or minutes ahead) and long-term forecasts (several days or weeks ahead).

Machine Learning and Models: Advanced forecasting models, machine learning algorithms, and statistical techniques are used to analyze historical data and predict future renewable energy generation.

Renewable energy forecasting services are vital for the efficient and reliable integration of renewable energy into the power grid. They help utilities, grid operators, and renewable energy project developers optimize their operations, improve grid reliability, and reduce greenhouse gas emissions by efficiently utilizing clean energy resources. Accurate forecasts are essential for planning and managing the dynamic nature of renewable energy generation.

This report studies the global Renewable Energy Forecasting Services demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Renewable Energy Forecasting Services, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Renewable Energy Forecasting Services that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Renewable Energy Forecasting Services total market, 2018-2029, (USD Million)

Global Renewable Energy Forecasting Services total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Renewable Energy Forecasting Services total market, key domestic companies and share, (USD Million)

Global Renewable Energy Forecasting Services revenue by player and market share 2018-2023, (USD Million)

Global Renewable Energy Forecasting Services total market by Type, CAGR, 2018-2029, (USD Million)

Global Renewable Energy Forecasting Services total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Renewable Energy Forecasting Services market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include IBM, Vaisala, DTU Wind Energy, NREL, NRG Systems, Reuniwatt, Deutscher Wetterdienst, AccuWeather and Weathernews, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Renewable Energy Forecasting Services market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Renewable Energy Forecasting Services Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Renewable Energy Forecasting Services Market, Segmentation by Type
Short-term Forecasts (A Few Hours Ahead)
Longer-term Forecasts (Several Days Ahead)

Global Renewable Energy Forecasting Services Market, Segmentation by Application
Energy Providers
Power Traders
Grid Operators

Companies Profiled:
IBM
Vaisala
DTU Wind Energy
NREL
NRG Systems
Reuniwatt
Deutscher Wetterdienst
AccuWeather
Weathernews
Aphelion
Energy Meteo Systems

Key Questions Answered

1. How big is the global Renewable Energy Forecasting Services market?

2. What is the demand of the global Renewable Energy Forecasting Services market?

3. What is the year over year growth of the global Renewable Energy Forecasting Services market?

4. What is the total value of the global Renewable Energy Forecasting Services market?

5. Who are the major players in the global Renewable Energy Forecasting Services market?