Wind Turbine Automation Market Size
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Wind Turbine Automation Market Size Growth Forecast: What to Expect by 2025?
Impressive growth has been observed in the wind turbine automation industry’s market size throughout the recent years. The industry, worth $15.56 billion in 2024, is projected to increase to $17.09 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. The remarkable expansion during the historic period can be linked to innovative advancements in automation technology, efforts to reduce costs, amplification of wind energy capacity, favorable regulations, and a focus on safety standards.
How Will the Wind Turbine Automation Market Size Evolve and Grow by 2029?
In the coming years, the wind turbine automation market is projected to experience robust growth. It is forecasted to skyrocket to a value of $22.59 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%. This surge in the projection period can be linked to the amalgamation of automation with digitization and the Internet of Things (IoT), developments in artificial intelligence (AI) for wind turbines, and the practice of implementing automation in hybrid renewable energy systems. Additionally, automation solutions for energy storage integration and offshore wind farms are also contributing factors. Key trends to watch during the forecast period include autonomous operation, predictive upkeep, edge processing, real-time monitoring, cybersecurity solutions, and integration with grid management systems.
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What Drivers Are Propelling the Growth of Wind Turbine Automation Market Forward?
The surge in wind energy usage is anticipated to boost the growth of the wind turbine automation market in the upcoming years. Wind energy, essentially the kinetic energy created from air masses moving across Earth’s surface and turned into electricity by wind turbines, is witnessing growing popularity due to its cost-effective and sustainable nature in producing renewable energy. Wind turbine automation, which aids in monitoring, maintaining, identifying faults, and enhancing turbine performance, significantly escalates energy production and slashes operational expenses, enhancing efficiency, dependability, and safety of the operations. The International Energy Agency, a France-based intergovernmental establishment, reported that there was a 265 TWh increase in wind-derived electricity in 2022, which is a 14% surge from 2021. This marked it the second most rapidly growing power generation technology. With the production of over 2100 TWh in 2022, wind energy, the leading non-hydro renewable technology, surpassed the total yield of all other renewable sources. Therefore, the escalating adoption of wind energy is fuelling the expansion of the wind turbine automation market.
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Which Emerging Trends Are Transforming the Wind Turbine Automation Market in 2025?
Key businesses in the wind turbine automation market, such as ABB Ltd. and WindESCo Inc., are forging strategic alliances with the aim of innovation, enhancing product offerings, and consolidating their market positions. Such strategic partnership signifies a collaborative venture between several groups, typically businesses or organizations, working together to achieve shared strategic objectives. For instance, in September 2023, ABB Ltd., an automation company from Switzerland, entered into a partnership with WindESCo Inc., a software company based in the US. The terms of the alliance included ABB purchasing a minor stake in WindESCo. The main goal for ABB is to bolster its wind energy portfolio by incorporating digital solutions provided by WindESCo, thus improving the performance and reliability of the wind turbine. On the other hand, WindEsCo plans to leverage ABB’s expertise and market footprint to broaden its electrical system optimization offerings. The overarching goal of the partnership is to deliver comprehensive solutions to wind clients, improve the performance and dependability of wind turbines, and explore new market opportunities for digital solutions.
What Are the Key Segments in the Wind Turbine Automation Market?
The wind turbine automation market covered in this report is segmented –
1) By System: Supervisory Control And Data Acquisition (SCADA) Systems, Programmable Logic Controllers (PLC) Systems, Distributed Control Systems (DCS), Condition Monitoring Systems (CMS), Other Systems
2) By Component: Hardware, Software, Services
3) By Application: Offshore Wind Power Generation, Onshore Wind Power Generation, Other Applications
Subsegments:
1) By Supervisory Control And Data Acquisition (SCADA) Systems: Remote Monitoring, Data Acquisition, Data Storage And Reporting, Alarm And Event Management, Data Analytics
2) By Programmable Logic Controllers (PLC) Systems: Control And Automation Of Operations, Real-Time Monitoring And Diagnostics, Communication With SCADA, Fault Detection And Prevention, Performance Optimization
3) By Distributed Control Systems (DCS): Process Control, Safety Instrumented Systems, Network Integration, Remote Control And Monitoring, Performance Management
4) By Condition Monitoring Systems (CMS): Vibration Monitoring, Temperature Monitoring, Oil And Wear Particle Monitoring, Acoustic Monitoring, Power And Load Monitoring
5) By Other Systems: Human-Machine Interface (HMI) Systems, Energy Management Systems (EMS), Fault Detection And Diagnostics Systems, Load Shedding And Power Quality Systems
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Who Are the Key Players Shaping the Wind Turbine Automation Market’s Competitive Landscape?
Major companies operating in the wind turbine automation market are Siemens AG, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation, Parker Hannifin Corporation, Vestas Wind Systems A/S, Emerson Electric Co., Danfoss, Rockwell Automation Inc., Nordex SE, Omron Corporation, Fanuc Corporation, Enercon GmbH, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Moog Inc., Suzlon Energy Limited, Axiomtek, Bachmann electronic GmbH, Inox Wind, Prima Automation
What Geographic Markets Are Powering Growth in the Wind Turbine Automation Market?
Europe was the largest region in the wind turbine automation market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wind turbine automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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