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 demand for wind turbine control systems is directly linked to the demand of wind turbines, as this system needs to be installed in every wind turbine. Thus, increasing awareness about green energy and stringent government rules and regulations are key driving factors for the global wind turbine control systems market. The rising demand for uninterrupted power, integration of control and automation technologies in systems, and increasing investment in renewable sources for better capacity utilization and high efficiency has helped in the rapid growth of wind turbine control system markets.
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However, the availability of cheaper alternate sources of energy is estimated to hamper the global wind turbine control systems market. Investments are made in solar power plant to generate electricity which has hampered the wind turbine market. The shift of focus to solar energy has affected the wind turbine control system. This has been due to fact that the installation cost of a solar field is less as compared to a wind-mill farm. High investments are being made in the field of off shore wind farm for power generation and thus this will help to boost the wind turbine control systems market due to its application to produce efficient performance from the wind turbine. The need for clean renewable energy for power generation will provide an opportunity for wind turbine market to grow in future and thus, will help wind turbine control system to grow as it has become an integral part of wind turbine.
Market Trend
- 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 O&M costs, reduce downtime, and improve productivity.
- 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.
- The National Wind Technology Center (NWTC) features two 600-kilowatt Control Advanced Research Turbines (CARTs) that test new control schemes and equipment for reducing loads on wind turbine components. The CARTs are equipped with Light Detection and Ranging systems to provide some “look-ahead” capability for the turbines, allowing them to adjust to changing wind conditions using feed forward controls.
- In June 2018, KK Wind Solutions and Vestas announced the successful completion of APQP4Wind, the first project that used the new common standards in the wind industry. The project started with APQP4Wind kick-off meeting with customers to align expectations and quality standards. Vestas has been using the APQP4Wind project model for a Vestas specific UPS panel development project using KK Wind Solutions as a partnering systems supplier.
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Key Benefits of the Report
- This study presents the analytical depiction of the wind turbine control system market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the wind turbine control system market share.
- The current market is quantitatively analyzed from 2020 to 2028 to highlight the Wind Turbine Control System Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Wind Turbine Control System Market analysis based on competitive intensity and how the competition will take shape in coming years
COVID-19 Impact Analysis
- COVID-19 had a negative impact on the market of wind turbine control system due to the nationwide lockdown which interrupted the supply chain.
- The demand for the energy decreased during the pandemic which caused the wind turbine market to hamper the growth and thus, affected the growth of wind turbine control system.
- The lockdown forced the industries to be shut due to which the energy consumption decreased and the demand was reduced affecting the wind turbine control system market.
- The major energy demanding countries such as China and India, were hit the most by COVID-19 pandemic and saw a huge decline in the energy manufacturing market like wind turbine, which eventually effected the control system market.
- With lockdown lifted from countries, the demand for energy is increasing and thus, the market for wind turbine control system is also increasing.
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