LIDAR Systems Market For Wind Industry 2024-2028
The LIDAR systems market for wind industry is forecasted to grow by USD 203.43 mn during 2023-2028, accelerating at a CAGR of 12.35% during the forecast period. The report on the LIDAR systems market for wind industry 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 the increase in tower hub height, the need for effective turbine performance management, and the growing adoption of LIDAR technology.
Technavio's LIDAR systems market for wind industry is segmented as below:
By Product
- Ground mounted LIDAR systems
- Nacelle mounted LIDAR systems
By Component
- Laser
- Scanner
- Navigation system
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increase in several offshore wind installations as one of the prime reasons driving the lidar systems market for wind industry growth during the next few years. Also, increasing the performance of wind turbines using LIDAR systems and the development of dual-doppler LIDAR systems will lead to sizable demand in the market.
The report on the LIDAR systems market for wind industry covers the following areas:
- LIDAR systems market for wind industry sizing
- LIDAR systems market for wind industry forecast
- LIDAR systems market for wind industry industry analysis
The robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading LIDAR systems market for wind industry vendors that include Aeva Inc., Analog Devices Inc., ESCO Technologies Inc., Fred. Olsen Ocean AS, Hexagon AB, John Wood Group PLC, Lockheed Martin Corp., LUMIBIRD SA, MGW TRADE and SERVICE PTY LTD., Mitsubishi Electric Corp., Pepperl and Fuchs SE, Quanergy Systems Inc., SICK AG, Teledyne Technologies Inc., Trimble Inc., Vaisala Oyj, Valeo SA, Velodyne Lidar Inc., and Windar Photonics Plc. Also, the LIDAR systems market for wind industry 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 and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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 research - both primary and secondary. 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.