Global Wind and Solar Power Production Forecasts Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Wind and Solar Power Production Forecasts Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Wind and Solar Power Production Forecasts market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period.

Wind and solar power production forecasts are predictions or estimates of the electricity output that can be expected from wind and solar energy generation facilities over specific time periods. These forecasts are critical for energy grid operators, utilities, and energy market participants to plan, manage, and optimize the integration of variable renewable energy sources, such as wind turbines and solar photovoltaic (PV) systems, into the electricity grid.

Key features about wind and solar power production forecasts include:

Temporal Resolution: These forecasts provide estimates of energy production at various temporal resolutions, ranging from very short-term (intra-hour) to short-term (a few hours to a day ahead) and longer-term (several days or more).

Data Sources: Forecasting models utilize a variety of data sources, including real-time meteorological data (e.g., wind speed, solar radiation), historical production data from renewable energy assets, and other relevant information such as equipment characteristics and maintenance schedules.

Machine Learning: Advanced machine learning algorithms and artificial intelligence techniques are increasingly being employed to improve forecast accuracy by learning from historical data and adjusting predictions in real time.

Accurate forecasts are vital for grid operators to plan and manage the electricity supply and demand balance, which is crucial for maintaining grid stability. Wind and solar power production forecasts contribute to the successful integration of renewable energy into the grid, reduce the need for backup power generation, and ensure reliable energy supply. They are instrumental in optimizing the operation of wind and solar farms, improving energy trading strategies, and supporting grid stability, ultimately enhancing the economic viability of renewable energy projects.

The Global Info Research report includes an overview of the development of the Wind and Solar Power Production Forecasts industry chain, the market status of Energy Providers (Short-term Forecasts (A Few Hours Ahead), Longer-term Forecasts (Several Days Ahead)), Power Traders (Short-term Forecasts (A Few Hours Ahead), Longer-term Forecasts (Several Days Ahead)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Wind and Solar Power Production Forecasts.

Regionally, the report analyzes the Wind and Solar Power Production Forecasts markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Wind and Solar Power Production Forecasts market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Wind and Solar Power Production Forecasts market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Wind and Solar Power Production Forecasts industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Short-term Forecasts (A Few Hours Ahead), Longer-term Forecasts (Several Days Ahead)).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Wind and Solar Power Production Forecasts market.

Regional Analysis: The report involves examining the Wind and Solar Power Production Forecasts market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Wind and Solar Power Production Forecasts market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Wind and Solar Power Production Forecasts:

Company Analysis: Report covers individual Wind and Solar Power Production Forecasts players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Wind and Solar Power Production Forecasts This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Energy Providers, Power Traders).

Technology Analysis: Report covers specific technologies relevant to Wind and Solar Power Production Forecasts. It assesses the current state, advancements, and potential future developments in Wind and Solar Power Production Forecasts areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Wind and Solar Power Production Forecasts market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Wind and Solar Power Production Forecasts market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Short-term Forecasts (A Few Hours Ahead)
Longer-term Forecasts (Several Days Ahead)

Market segment by Application
Energy Providers
Power Traders
Grid Operators

Market segment by players, this report covers
IBM
Vaisala
DTU Wind Energy
NREL
NRG Systems
Reuniwatt
Deutscher Wetterdienst
AccuWeather
Weathernews
Aphelion
Energy Meteo Systems

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Wind and Solar Power Production Forecasts product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Wind and Solar Power Production Forecasts, with revenue, gross margin and global market share of Wind and Solar Power Production Forecasts from 2018 to 2023.

Chapter 3, the Wind and Solar Power Production Forecasts competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Wind and Solar Power Production Forecasts market forecast, by regions, type and application, with consumption value, from 2024 to 2029.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Wind and Solar Power Production Forecasts.

Chapter 13, to describe Wind and Solar Power Production Forecasts research findings and conclusion.