Automation Solutions For Renewable Power Generation Market 2024-2028
The automation solutions for renewable power generation market is forecasted to grow by USD 3150.3 mn during 2023-2028, accelerating at a CAGR of 4.8% during the forecast period. The report on the automation solutions for renewable power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by aggressive policies supporting growth of renewable power generation, declining cost of solar and wind power generation, and continuous growth of market activities in renewable power industry.
Technavio's automation solutions for renewable power generation market is segmented as below:
- By End-user
- Solar energy
- Wind energy
- Others
- By Application
- Asset management
- Process control
- Remote monitoring
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the inception of new business models of automation solutions as one of the prime reasons driving the automation solutions for renewable power generation market growth during the next few years. Also, renewable energy auctions gaining traction and increased adoption of analytics in automation solutions will lead to sizable demand in the market.
The report on the automation solutions for renewable power generation market covers the following areas:
- Automation Solutions For Renewable Power Generation Market sizing
- Automation Solutions For Renewable Power Generation Market forecast
- Automation Solutions For Renewable Power Generation Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automation solutions for renewable power generation market vendors that include ABB Ltd., Beckhoff Automation, Bosch Rexroth AG, Delta Electronics Inc., Eaton Corp plc, Emerson Electric Co., Fuji Electric Co. Ltd., GE Grid Solutions, Hitachi Energy Ltd., Honeywell International Inc., Intel Corp., Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Power Co. Ltd., Toshiba Corp., and Yokogawa Electric Corp.. Also, the automation solutions for renewable power generation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.