Wind Turbine Automation Market Size, Share, and Industry Analysis, By Component Type (Hardware {Controller, Sensors, I/O Modules, and Others}, Software {SCADA, DCS Software, PLC Software, and Others}), By Application (Onshore and Offshore), and Regional Forecast till 2032

The global wind turbine automation market is witnessing significant growth due to the rising inclination from fossil fuel-based energy to renewable energies. The governments of different nations have also taken numerous stringent initiatives and set targets to increase the share of renewable energy in the energy mix, further augmenting the industry growth.

• In 2023, global investments in wind energy technologies reached approximately USD 217 billion, a substantial increase from previous years. This growth indicates a broader trend toward renewable energy, with wind energy becoming a major component of global energy strategies.
• In the U.S., federal incentives such as the Inflation Reduction Act have bolstered investments in wind energy, particularly in offshore projects. This has led to expectations of significant growth in offshore wind capacity, with large-scale projects set to be completed in the coming years.

Wind Turbine Automation Market Driver

Rising Demand for Wind Energy Solutions to Impede the Market Growth

The rising demand for wind and renewable energy has been one of the factors driving market growth. The governments of several nations have been putting strong efforts to increase the deployment of renewable energy, with wind energy being one of the prominent sources.

• Investments in wind energy in Europe more than doubled in 2023 compared to 2022, totaling around USD 48 billion. This increase was largely fueled by record financing for offshore wind projects, which accounted for USD 30 billion.
• The global wind industry installed a record of about 116.6 gigawatts (GW) of new capacity in 2023, marking a 50% increase from the previous year. This surge reflects the growing momentum and political ambition behind the renewable energy transition, particularly in response to energy security concerns heightened by geopolitical tension.

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Wind Turbine Automation Market Restraint

Minimal Rach of Technology in Various Geographical Areas Affects Market Growth

Many regions, particularly in developing countries, lack the necessary infrastructure to support advanced wind automation technologies. This includes unreliable internet connectivity, crucial for remote monitoring and control systems. Implementing automation solutions becomes challenging without robust infrastructure, limiting the market growth in these areas. High capital requirements for wind automation solutions can deter investment in regions with weaker economies. The costs associated with advanced technologies, including sensors, control systems, and installation, can be high for smaller operators in less affluent areas.

Wind Turbine Automation Market Opportunity

Increasing Investments in Renewable Sources of Energy

Innovations in wind turbine technology, such as longer blades, taller towers, and low-specific power designs, are enabling the expansion of wind energy into new regions. These advancements can reduce the cost of energy at nearly all locations in the contiguous U.S. and enable growing access to clean wind power. As wind energy becomes more cost-effective and accessible, the demand for automation solutions to optimize turbine performance will increase.

• The U.S. Department of Energy's National Renewable Energy Laboratory (NREL) has announced plans to allocate USD 3.15 million to 12 American suppliers and small- and medium-sized wind turbine manufacturers as part of the 2024 Competitiveness Improvement Project (CIP)

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Countries
• Latest Technological Advancement
• Insight on Regulatory Landscape
• Porters Five Forces Analysis
• Impact of COVID-19 on the market 

Analysis by Component Type

Based on component type, the market is divided into hardware {controller, sensors, I/O modules, and others}, software {SCADA, DCS software, PLC software, and others}.

Hardware holds the maximum share in the market as these components are vital for capturing real-time data, implementing control strategies, and maintaining the operational integrity of wind turbines. Innovations in hardware technology enhance system reliability and efficiency, allowing for better monitoring and regulation of critical parameters like blade pitch and rotor speed. As the wind energy sector grows, companies specializing in high-quality hardware components are well-positioned to capitalize on this expanding market.

• Renewable Energy's Haliade X offshore wind turbine can generate between 12 MW and 14 MW, with a rotor diameter of 220 meters and a height of 248 meters. Such innovations improve the efficiency of wind energy generation and necessitate the integration of advanced control systems to effectively manage these larger and more powerful turbines.

Analysis by Application

Based on application, the market is subdivided into onshore and offshore.

The onshore wind turbine activities are rapidly growing. Innovations in turbine design and technology are enhancing the efficiency and effectiveness of onshore wind farms. For instance, advancements in blade technology and turbine height allow for better energy capture, even in less favorable wind conditions. Companies such as Vestas are developing platforms specifically designed for varying environmental conditions, further boosting the competitiveness of onshore wind energy against traditional fossil fuels.

• Government support provides financial incentives for onshore renewable energy projects, such as the federal wind Production Tax Credit (PTC) and Investment Tax Credit (ITC) in the U.S. Competitive bidding processes have also helped reduce costs and increase the competitiveness of onshore wind power.

Regional Analysis

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Based on region, the market has been studied across Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific accounted for the largest share of the global wind turbine automation market in 2023. The market growth in the region is attributed to rising government initiatives toward clean and renewable energy. Additionally, the decommissioning of fossil fuel-based power plants to limit carbon emissions is fueling the installation of wind turbines, further enhancing the market growth.

• China is home to the world's largest wind turbine manufacturing base. The country is expected to host more than a fifth of the world's offshore wind turbines, equating to 52 GW, by 2030, claiming the top spot for the largest market for offshore wind. Chinese manufacturers can produce turbines at lower costs, making them attractive options globally.

Europe is the second-largest market based on the demand for wind turbine automation. Europe is witnessing a significant increase in investments in wind farms. For instance, Germany invested approximately USD 2.6 billion in new onshore wind projects in 2022. The U.K. has also seen a dramatic rise in wind power generation, a 715% increase from 2009 to 2020.

• In June 2023, the TURBO project, funded by the European Union, announced efforts to minimize defects in wind turbine blades through advanced process simulation and innovative non-destructive testing methods. This initiative aims to enhance the reliability and efficiency of wind turbine operations, showcasing a commitment to improving existing technologies in the sector.

Furthermore, various initiatives and investments are being made in other regions, such as North America, the Middle East & Africa, and Latin America, providing a positive outlook to the global wind turbine automation market.

Key Players Covered

The global wind turbine automation market is fragmented, with the presence of a large number of group and standalone providers. In the U.S., the top 5 players account for only around 14% of the market.

The report includes the profiles of the following key players:

• GE (U.S.)
• Emerson (U.S.)
•  Axiomtek (Taiwan)
• Siemens (Germany)
• Rockwell Automation (U.S.)
• ABB (Switzerland)
• Beckhoff Automation (Germany)
• Vestas (Denmark)
• TTTech Industrial Automation AG (Austria)
• Toshiba (Japan)

Key Industry Developments

• In February 2024, Toshiba ESS developed a drone-based system to automate the external inspection of wind turbines. The system is expected to reduce inspection costs and increase the use of offshore wind power.
• In December 2022, Vestas announced the development of the wireless Automation BladeRobot system as part of its new standalone business for wind turbine leading-edge maintenance. The BladeRobot uses advanced robotics and digital twin technologies to autonomously inspect and repair leading-edge erosion on wind turbine blades, reducing downtime and improving energy production.