Report Detail
Global Wind and Solar Power Forecasting Services Market 2023 by Company, Regions, Type and Application, Forecast to 2029
- RnM4568292 |
- 08 December, 2023 |
- Global |
- 110 Pages |
- GIR (Global Info Research) |
- Energy & Power
According to our (Global Info Research) latest study, the global Wind and Solar Power Forecasting Services market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period.
Wind and solar power forecasting services are specialized solutions that provide accurate predictions of the electricity production or output from wind turbines and solar photovoltaic (PV) systems. These services use a combination of meteorological data, historical performance data, and advanced modeling techniques to forecast the expected generation of renewable energy from wind and solar sources. The primary purpose of these forecasting services is to assist grid operators, utilities, and energy producers in effectively managing the integration of variable renewable energy sources into the power grid.
Key aspects of wind and solar power forecasting services include:
Data Integration: These services integrate various sources of data, including real-time weather data, historical power generation data, and data from the renewable energy assets themselves. This data is used to make accurate forecasts.
Meteorological Data: Wind and solar power forecasting services rely heavily on meteorological data, including wind speed, wind direction, solar radiation, cloud cover, temperature, and other weather-related parameters.
Machine Learning and Models: Advanced forecasting models, such as numerical weather prediction models and machine learning algorithms, are employed to analyze historical data and make predictions about future renewable energy generation.
Spatial and Temporal Resolution: The services provide forecasts at various spatial and temporal resolutions, from short-term forecasts (a few hours ahead) to longer-term forecasts (several days ahead). High-resolution forecasts are essential for grid integration.
Wind and solar power forecasting services play a critical role in facilitating the integration of renewable energy into the electricity grid. They help grid operators balance supply and demand, reduce the need for backup power generation, and improve the overall reliability of the grid. Accurate forecasts also support the efficient use of renewable energy resources and contribute to the economic viability of wind and solar energy projects.
The Global Info Research report includes an overview of the development of the Wind and Solar Power Forecasting Services industry chain, the market status of Energy Providers (Short-term Forecasts (A Few Hours Ahead), Longer-term Forecasts (Several Days Ahead)), Power Traders (Short-term Forecasts (A Few Hours Ahead), Longer-term Forecasts (Several Days Ahead)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Wind and Solar Power Forecasting Services.
Regionally, the report analyzes the Wind and Solar Power Forecasting Services markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Wind and Solar Power Forecasting Services market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Wind and Solar Power Forecasting Services market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Wind and Solar Power Forecasting Services industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Short-term Forecasts (A Few Hours Ahead), Longer-term Forecasts (Several Days Ahead)).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Wind and Solar Power Forecasting Services market.
Regional Analysis: The report involves examining the Wind and Solar Power Forecasting Services market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Wind and Solar Power Forecasting Services market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Wind and Solar Power Forecasting Services:
Company Analysis: Report covers individual Wind and Solar Power Forecasting Services players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Wind and Solar Power Forecasting Services This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Energy Providers, Power Traders).
Technology Analysis: Report covers specific technologies relevant to Wind and Solar Power Forecasting Services. It assesses the current state, advancements, and potential future developments in Wind and Solar Power Forecasting Services areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Wind and Solar Power Forecasting Services market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Wind and Solar Power Forecasting Services market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Short-term Forecasts (A Few Hours Ahead)
Longer-term Forecasts (Several Days Ahead)
Market segment by Application
Energy Providers
Power Traders
Grid Operators
Market segment by players, this report covers
IBM
Vaisala
DTU Wind Energy
NREL
NRG Systems
Reuniwatt
Deutscher Wetterdienst
AccuWeather
Weathernews
Aphelion
Energy Meteo Systems
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Wind and Solar Power Forecasting Services product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Wind and Solar Power Forecasting Services, with revenue, gross margin and global market share of Wind and Solar Power Forecasting Services from 2018 to 2023.
Chapter 3, the Wind and Solar Power Forecasting Services competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Wind and Solar Power Forecasting Services market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Wind and Solar Power Forecasting Services.
Chapter 13, to describe Wind and Solar Power Forecasting Services research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope of Wind and Solar Power Forecasting Services
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Classification of Wind and Solar Power Forecasting Services by Type
- 1.3.1 Overview: Global Wind and Solar Power Forecasting Services Market Size by Type: 2018 Versus 2022 Versus 2029
- 1.3.2 Global Wind and Solar Power Forecasting Services Consumption Value Market Share by Type in 2022
- 1.3.3 Short-term Forecasts (A Few Hours Ahead)
- 1.3.4 Longer-term Forecasts (Several Days Ahead)
- 1.4 Global Wind and Solar Power Forecasting Services Market by Application
- 1.4.1 Overview: Global Wind and Solar Power Forecasting Services Market Size by Application: 2018 Versus 2022 Versus 2029
- 1.4.2 Energy Providers
- 1.4.3 Power Traders
- 1.4.4 Grid Operators
- 1.5 Global Wind and Solar Power Forecasting Services Market Size & Forecast
- 1.6 Global Wind and Solar Power Forecasting Services Market Size and Forecast by Region
- 1.6.1 Global Wind and Solar Power Forecasting Services Market Size by Region: 2018 VS 2022 VS 2029
- 1.6.2 Global Wind and Solar Power Forecasting Services Market Size by Region, (2018-2029)
- 1.6.3 North America Wind and Solar Power Forecasting Services Market Size and Prospect (2018-2029)
- 1.6.4 Europe Wind and Solar Power Forecasting Services Market Size and Prospect (2018-2029)
- 1.6.5 Asia-Pacific Wind and Solar Power Forecasting Services Market Size and Prospect (2018-2029)
- 1.6.6 South America Wind and Solar Power Forecasting Services Market Size and Prospect (2018-2029)
- 1.6.7 Middle East and Africa Wind and Solar Power Forecasting Services Market Size and Prospect (2018-2029)
2 Company Profiles
- 2.1 IBM
- 2.1.1 IBM Details
- 2.1.2 IBM Major Business
- 2.1.3 IBM Wind and Solar Power Forecasting Services Product and Solutions
- 2.1.4 IBM Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.1.5 IBM Recent Developments and Future Plans
- 2.2 Vaisala
- 2.2.1 Vaisala Details
- 2.2.2 Vaisala Major Business
- 2.2.3 Vaisala Wind and Solar Power Forecasting Services Product and Solutions
- 2.2.4 Vaisala Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.2.5 Vaisala Recent Developments and Future Plans
- 2.3 DTU Wind Energy
- 2.3.1 DTU Wind Energy Details
- 2.3.2 DTU Wind Energy Major Business
- 2.3.3 DTU Wind Energy Wind and Solar Power Forecasting Services Product and Solutions
- 2.3.4 DTU Wind Energy Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.3.5 DTU Wind Energy Recent Developments and Future Plans
- 2.4 NREL
- 2.4.1 NREL Details
- 2.4.2 NREL Major Business
- 2.4.3 NREL Wind and Solar Power Forecasting Services Product and Solutions
- 2.4.4 NREL Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.4.5 NREL Recent Developments and Future Plans
- 2.5 NRG Systems
- 2.5.1 NRG Systems Details
- 2.5.2 NRG Systems Major Business
- 2.5.3 NRG Systems Wind and Solar Power Forecasting Services Product and Solutions
- 2.5.4 NRG Systems Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.5.5 NRG Systems Recent Developments and Future Plans
- 2.6 Reuniwatt
- 2.6.1 Reuniwatt Details
- 2.6.2 Reuniwatt Major Business
- 2.6.3 Reuniwatt Wind and Solar Power Forecasting Services Product and Solutions
- 2.6.4 Reuniwatt Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.6.5 Reuniwatt Recent Developments and Future Plans
- 2.7 Deutscher Wetterdienst
- 2.7.1 Deutscher Wetterdienst Details
- 2.7.2 Deutscher Wetterdienst Major Business
- 2.7.3 Deutscher Wetterdienst Wind and Solar Power Forecasting Services Product and Solutions
- 2.7.4 Deutscher Wetterdienst Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.7.5 Deutscher Wetterdienst Recent Developments and Future Plans
- 2.8 AccuWeather
- 2.8.1 AccuWeather Details
- 2.8.2 AccuWeather Major Business
- 2.8.3 AccuWeather Wind and Solar Power Forecasting Services Product and Solutions
- 2.8.4 AccuWeather Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.8.5 AccuWeather Recent Developments and Future Plans
- 2.9 Weathernews
- 2.9.1 Weathernews Details
- 2.9.2 Weathernews Major Business
- 2.9.3 Weathernews Wind and Solar Power Forecasting Services Product and Solutions
- 2.9.4 Weathernews Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.9.5 Weathernews Recent Developments and Future Plans
- 2.10 Aphelion
- 2.10.1 Aphelion Details
- 2.10.2 Aphelion Major Business
- 2.10.3 Aphelion Wind and Solar Power Forecasting Services Product and Solutions
- 2.10.4 Aphelion Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.10.5 Aphelion Recent Developments and Future Plans
- 2.11 Energy Meteo Systems
- 2.11.1 Energy Meteo Systems Details
- 2.11.2 Energy Meteo Systems Major Business
- 2.11.3 Energy Meteo Systems Wind and Solar Power Forecasting Services Product and Solutions
- 2.11.4 Energy Meteo Systems Wind and Solar Power Forecasting Services Revenue, Gross Margin and Market Share (2018-2023)
- 2.11.5 Energy Meteo Systems Recent Developments and Future Plans
3 Market Competition, by Players
- 3.1 Global Wind and Solar Power Forecasting Services Revenue and Share by Players (2018-2023)
- 3.2 Market Share Analysis (2022)
- 3.2.1 Market Share of Wind and Solar Power Forecasting Services by Company Revenue
- 3.2.2 Top 3 Wind and Solar Power Forecasting Services Players Market Share in 2022
- 3.2.3 Top 6 Wind and Solar Power Forecasting Services Players Market Share in 2022
- 3.3 Wind and Solar Power Forecasting Services Market: Overall Company Footprint Analysis
- 3.3.1 Wind and Solar Power Forecasting Services Market: Region Footprint
- 3.3.2 Wind and Solar Power Forecasting Services Market: Company Product Type Footprint
- 3.3.3 Wind and Solar Power Forecasting Services Market: Company Product Application Footprint
- 3.4 New Market Entrants and Barriers to Market Entry
- 3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
- 4.1 Global Wind and Solar Power Forecasting Services Consumption Value and Market Share by Type (2018-2023)
- 4.2 Global Wind and Solar Power Forecasting Services Market Forecast by Type (2024-2029)
5 Market Size Segment by Application
- 5.1 Global Wind and Solar Power Forecasting Services Consumption Value Market Share by Application (2018-2023)
- 5.2 Global Wind and Solar Power Forecasting Services Market Forecast by Application (2024-2029)
6 North America
- 6.1 North America Wind and Solar Power Forecasting Services Consumption Value by Type (2018-2029)
- 6.2 North America Wind and Solar Power Forecasting Services Consumption Value by Application (2018-2029)
- 6.3 North America Wind and Solar Power Forecasting Services Market Size by Country
- 6.3.1 North America Wind and Solar Power Forecasting Services Consumption Value by Country (2018-2029)
- 6.3.2 United States Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 6.3.3 Canada Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 6.3.4 Mexico Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
7 Europe
- 7.1 Europe Wind and Solar Power Forecasting Services Consumption Value by Type (2018-2029)
- 7.2 Europe Wind and Solar Power Forecasting Services Consumption Value by Application (2018-2029)
- 7.3 Europe Wind and Solar Power Forecasting Services Market Size by Country
- 7.3.1 Europe Wind and Solar Power Forecasting Services Consumption Value by Country (2018-2029)
- 7.3.2 Germany Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 7.3.3 France Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 7.3.4 United Kingdom Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 7.3.5 Russia Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 7.3.6 Italy Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
8 Asia-Pacific
- 8.1 Asia-Pacific Wind and Solar Power Forecasting Services Consumption Value by Type (2018-2029)
- 8.2 Asia-Pacific Wind and Solar Power Forecasting Services Consumption Value by Application (2018-2029)
- 8.3 Asia-Pacific Wind and Solar Power Forecasting Services Market Size by Region
- 8.3.1 Asia-Pacific Wind and Solar Power Forecasting Services Consumption Value by Region (2018-2029)
- 8.3.2 China Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 8.3.3 Japan Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 8.3.4 South Korea Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 8.3.5 India Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 8.3.6 Southeast Asia Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 8.3.7 Australia Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
9 South America
- 9.1 South America Wind and Solar Power Forecasting Services Consumption Value by Type (2018-2029)
- 9.2 South America Wind and Solar Power Forecasting Services Consumption Value by Application (2018-2029)
- 9.3 South America Wind and Solar Power Forecasting Services Market Size by Country
- 9.3.1 South America Wind and Solar Power Forecasting Services Consumption Value by Country (2018-2029)
- 9.3.2 Brazil Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 9.3.3 Argentina Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
10 Middle East & Africa
- 10.1 Middle East & Africa Wind and Solar Power Forecasting Services Consumption Value by Type (2018-2029)
- 10.2 Middle East & Africa Wind and Solar Power Forecasting Services Consumption Value by Application (2018-2029)
- 10.3 Middle East & Africa Wind and Solar Power Forecasting Services Market Size by Country
- 10.3.1 Middle East & Africa Wind and Solar Power Forecasting Services Consumption Value by Country (2018-2029)
- 10.3.2 Turkey Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 10.3.3 Saudi Arabia Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
- 10.3.4 UAE Wind and Solar Power Forecasting Services Market Size and Forecast (2018-2029)
11 Market Dynamics
- 11.1 Wind and Solar Power Forecasting Services Market Drivers
- 11.2 Wind and Solar Power Forecasting Services Market Restraints
- 11.3 Wind and Solar Power Forecasting Services Trends Analysis
- 11.4 Porters Five Forces Analysis
- 11.4.1 Threat of New Entrants
- 11.4.2 Bargaining Power of Suppliers
- 11.4.3 Bargaining Power of Buyers
- 11.4.4 Threat of Substitutes
- 11.4.5 Competitive Rivalry
12 Industry Chain Analysis
- 12.1 Wind and Solar Power Forecasting Services Industry Chain
- 12.2 Wind and Solar Power Forecasting Services Upstream Analysis
- 12.3 Wind and Solar Power Forecasting Services Midstream Analysis
- 12.4 Wind and Solar Power Forecasting Services Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
- 14.1 Methodology
- 14.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Wind and Solar Power Forecasting Services. Industry analysis & Market Report on Wind and Solar Power Forecasting Services is a syndicated market report, published as Global Wind and Solar Power Forecasting Services Market 2023 by Company, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Wind and Solar Power Forecasting Services market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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