Report : Middle East and Africa Wind Turbine Condition Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, and Software and Services) and Application (Rotor, Tower, Gearbox, Generator, and Others)
Hardware Segment to Dominate Middle East & Africa Wind Turbine Condition Monitoring Market during 2019–2028
According to a new market research study on “Middle East & Africa Wind Turbine Condition Monitoring Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component and Application,” is expected to reach US$ 10.17 million by 2028 from US$ 7.30 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. Technological advancement in wind turbine manufacturing and monitoring is the major factor driving the growth of the Middle East & Africa wind turbine condition monitoring market. However, high installation cost of wind turbines and high cost of condition monitoring systems may hinder the growth of Middle East & Africa wind turbine condition monitoring market. The report provides trends prevailing in the Middle East & Africa wind turbine condition monitoring market along with the drivers and restraints pertaining to the market growth.
The Middle East & Africa wind turbine condition monitoring market is segmented into component, application, and country. Based on component, the Middle East & Africa wind turbine condition monitoring market is segmented into hardware, and software and services. In 2020, the hardware segment held the largest share Middle East & Africa wind turbine condition monitoring market. Based on application, the Middle East & Africa wind turbine condition monitoring market is segmented into rotor, tower, gearbox, generator, and others. In 2020, the gearbox segment held the largest share Middle East & Africa wind turbine condition monitoring market. Similarly, based on country, the Middle East & Africa wind turbine condition monitoring market is segmented into South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. South Africa contributed a substantial share in 2020.
Advantech Co. Ltd.; Baker Hughes Company; ENERCON GmbH; General Electric Company; Goldwind; Nordex SE; Siemens Gamesa Renewable Energy, S.A; TÜV RHEINLAND; and Vestas Wind Systems A/S are among the leading companies in the Middle East & Africa wind turbine condition monitoring market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Advantech industrial wireless AP EKI-6333AC series operates in two frequency bands of 2.4/5GHz; data of various properties may be separated into two transfer groups, efficiently guiding and speeding data streams; and it supports IEEE802.11ac for guaranteed bandwidth. An extra Ethernet port connects a copper wire to an Ethernet switch. Its power supply, constructed with a terminal block, may accept two sets of 12-18VDC input for a backup mechanism. The DIN-rail design allows for simple installation within the wind turbine. The industrial housing improves EMI resistance, and the heat dissipation design enables operating temperatures ranging from -45°C to 75°C. The qualities above enable real-time wireless receipt of data acquired by DAQ devices in the wind turbine's front end by the EKI-6333AC.
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