Governments across the world are focusing on minimizing the emission of greenhouse gases and reducing the impact of global warming by incorporating several regulatory measures and protocols. These aggressive policies are contributing to the increased adoption of renewable sources for power generation. Technavio’s market research analysts have identified the focus of governments towards implement new policies to support the growth of green energy as one of the primary factors that will trigger the growth of the automation solutions market in renewable power generation industry in the coming years. For instance, in the Americas, the US Environmental Protection Agency has come up with guidelines that clearly state that power plants older than 25 years with capacities over 50 MW require upgradation. With the increasing investment in the renewable sector, the adoption of automation solutions will subsequently increase in the power industry, fueling the market’s growth prospects.
The inception of the new business models will be one of the key trends gaining traction in the automation solution market in the renewable power generation industry during the next few years. With the increasing awareness and adaptability of renewable resources for generating power, the renewable energy sector will witness the emergence of new business models. Several countries across the world are witnessing the preference towards leasing since it bridges the gap between investors and the decentralized solar PV installation users.
Global Automation Solution in Renewable Power Generation market size will reach 980 million US$ by 2025, from 450 million US$ in 2018, at a CAGR of 11.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automation Solution in Renewable Power Generation.
This industry study presents the global Automation Solution in Renewable Power Generation market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automation Solution in Renewable Power Generation production, revenue and market share by manufacturers, key regions and type;
The consumption of Automation Solution in Renewable Power Generation in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders ABB, Emerson, etc.
The following manufacturers are covered in this report:
ABB
Emerson
General Electric
Rockwell Automation
Schneider Electric
Siemens
Automation Solution in Renewable Power Generation Breakdown Data by Type
Solutions
Services
Automation Solution in Renewable Power Generation Breakdown Data by Application
Solar Energy
Wind Energy
Others
Automation Solution in Renewable Power Generation Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Automation Solution in Renewable Power Generation Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automation Solution in Renewable Power Generation status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Automation Solution in Renewable Power Generation manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automation Solution in Renewable Power Generation :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automation Solution in Renewable Power Generation market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Automation Solution in Renewable Power Generation. Industry analysis & Market Report on Automation Solution in Renewable Power Generation is a syndicated market report, published as Global Automation Solution in Renewable Power Generation Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Automation Solution in Renewable Power Generation market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.