Global Wind and Solar Power Production Forecasts Supply, Demand and Key Producers, 2023-2029

Global Wind and Solar Power Production Forecasts Supply, Demand and Key Producers, 2023-2029

The global Wind and Solar Power Production Forecasts market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

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.

This report studies the global Wind and Solar Power Production Forecasts demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Wind and Solar Power Production Forecasts, 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 Wind and Solar Power Production Forecasts that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Wind and Solar Power Production Forecasts total market, 2018-2029, (USD Million)

Global Wind and Solar Power Production Forecasts total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Wind and Solar Power Production Forecasts total market, key domestic companies and share, (USD Million)

Global Wind and Solar Power Production Forecasts revenue by player and market share 2018-2023, (USD Million)

Global Wind and Solar Power Production Forecasts total market by Type, CAGR, 2018-2029, (USD Million)

Global Wind and Solar Power Production Forecasts total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Wind and Solar Power Production Forecasts 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 Wind and Solar Power Production Forecasts 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 Wind and Solar Power Production Forecasts Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Wind and Solar Power Production Forecasts Market, Segmentation by Type
Short-term Forecasts (A Few Hours Ahead)
Longer-term Forecasts (Several Days Ahead)

Global Wind and Solar Power Production Forecasts 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 Wind and Solar Power Production Forecasts market?

2. What is the demand of the global Wind and Solar Power Production Forecasts market?

3. What is the year over year growth of the global Wind and Solar Power Production Forecasts market?

4. What is the total value of the global Wind and Solar Power Production Forecasts market?

5. Who are the major players in the global Wind and Solar Power Production Forecasts market?