priyanka27Global wind turbine control systems market is anticipated to expand at a CAGR of ~10% during the forecast period 2019 - 2027

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Wind Turbine Control Systems Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2024

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Wind Turbine Control Systems Market
Introduction

•  In the next few years as well, the rising
  production of LNG will remain a key driver of the
  global cryogenic tanks market.
• According to Transparency Market Research, the
  market was valued at US740.2 mn in 2015 and is
  expected to reach US1,433.0 mn in 2024,
  expanding at a CAGR of 7.7 between 2016 and
  2024.
• The global cryogenic tanks market features an
  increasingly fragmented landscape with intense
  level of competition, finds Transparency Market
  Research (TMR).

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Key Driver of Wind Turbine Control Systems
Market

• Increased awareness about green energy coupled
  with stringent government rules and regulations
  about emissions of greenhouse gases (GHGs) and
  carbon are compelling companies to find out more
  effective and pollution-free energy generation
  methods.
• Wind energy is a prominent alternative for the
  energy generated from fossil fuels. The process
  of energy generation from fossil fuels emits
  greenhouse gases (GHGs), which can cause serious
  damage to the environment such as global warming,
  air pollution, and land pollution.
• Over the last 5 years, the world has witnessed
  around 60 rise in the wind energy production.
  In 2014, the wind energy produced stood at around
  370 Giga-watts and, in 2018, it stood at around
  591 Giga-watts.

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Major Developments in Wind Turbine Control
Systems Market

• In January 2020, GE, EDF, and ESB Renewables were
  awarded a multimillion dollar project for
  offshore wind farm project. The deal brings
  together collaborative expertise to flexibly
  deliver significant efficiencies to EDF
  Renewables and ESB. The project would help
  deliver low-carbon energy to 375,000 homes in
  Scotland, the U.K.
• In June 2019, Mita-Teknik announced the launch of
  a new-generation blade pitch system for use in
  onshore and offshore wind turbines. The Mita
  Pitch System is a flexible pitch solution for use
  in turbines of up to 12 MW, which boasts design
  life of 30 years. The new system is designed to
  effectively minimize OM costs, reduce downtime,
  and improve productivity.

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Competition Landscape of Wind Turbine Control
Systems Market

• General Electric,
• Siemens, ABB
• Emerson Electric Co
• Moog Inc. Mita-Teknik
• Rockwell Automation, Inc

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