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Global wind turbine control systems market is anticipated to expand at a CAGR of ~10% during the forecast period 2019 - 2027 – PowerPoint PPT presentation

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


1
Wind Turbine Control Systems Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2024

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
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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4
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.

5
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.

6
Competition Landscape of Wind Turbine Control
Systems Market
  • General Electric,
  • Siemens, ABB
  • Emerson Electric Co
  • Moog Inc. Mita-Teknik
  • Rockwell Automation, Inc

7
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