South America 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)
The wind turbine condition monitoring market in South America is expected to grow from US$ 16.48 million in 2021 to US$ 20.96 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.
The need to reduce greenhouse gas emissions and boost the amount of renewable energy in the whole energy mix prompted the development of offshore wind farms. Due to the need to reduce carbon emissions, the depletion of fossil fuels, climate change, and so on, there has been a considerable movement toward renewable and green energy in the energy sector. The renewable energy demand will continue to climb because of dropping technology costs, a growing need to reduce CO2 emissions, and rising energy consumption in developing and underdeveloped countries. The growing emphasis on renewable energy is driving the demand for wind turbine conditioning monitoring systems significantly across the region.
South America Wind Turbine Condition Monitoring Market Revenue and Forecast to 2028 (US$ Million)
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South America Wind Turbine Condition Monitoring Market Segmentation
The South America wind turbine condition monitoring market is segmented on the basis of component, application, and country. Based on component, the market is segmented into hardware, and software and services. In 2020, the hardware segment held a larger market share. Based on application, the South America wind turbine condition monitoring market is segmented into rotor, tower, gearbox, generator, and others. In 2020, the gearbox segment held the largest market share. Based on country, the market is segmented into Brazil, Argentina, and the rest of South America. Brazil 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 South America wind turbine condition monitoring market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Wind Turbine Condition Monitoring Market – By Component
1.3.2 SAM Wind Turbine Condition Monitoring Market – By Application
1.3.3 SAM Wind Turbine Condition Monitoring Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Wind Turbine Condition Monitoring Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Wind Turbine Condition Monitoring Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Dependence on Renewable Energy Sources
5.1.2 Rising Deployment of Offshore Wind Farms
5.2 Market Restraints
5.2.1 High Installation Cost of Wind Turbines and High Cost of Condition Monitoring Systems
5.3 Market Opportunities
5.3.1 Growing Demand for Wind Energy in Developing Countries
5.4 Future Trends
5.4.1 Technological Advancement in Wind Turbine Manufacturing and Monitoring
5.5 Impact Analysis of Drivers and Restraints
6. Wind Turbine Condition Monitoring Market – SAM Analysis
6.1 SAM Wind Turbine Condition Monitoring Market Overview
6.2 SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
7. SAM Wind Turbine Condition Monitoring Market Analysis – By Component
7.1 Overview
7.2 SAM Wind Turbine Condition Monitoring Market, By Component (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Software and Services
7.4.1 Overview
7.4.2 Software and Services: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM Wind Turbine Condition Monitoring Market Analysis – By Application
8.1 Overview
8.2 SAM Wind Turbine Condition Monitoring Market, By Application (2020 and 2028)
8.3 Rotor
8.3.1 Overview
8.3.2 Rotor: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Tower
8.4.1 Overview
8.4.2 Tower: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Gearbox
8.5.1 Overview
8.5.2 Gearbox: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Generator
8.6.1 Overview
8.6.2 Generator: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
9. SAM Wind Turbine Condition Monitoring Market – Country Analysis
9.1 Overview
9.1.1 SAM: Wind Turbine Condition Monitoring Market- by Key Country
9.1.1.1 Brazil: Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Wind Turbine Condition Monitoring Market- by Component
9.1.1.1.2 Brazil: Wind Turbine Condition Monitoring Market- by Application
9.1.1.2 Argentina: Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Wind Turbine Condition Monitoring Market- by Component
9.1.1.2.2 Argentina: Wind Turbine Condition Monitoring Market- by Application
9.1.1.3 Rest of SAM: Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Wind Turbine Condition Monitoring Market- by Component
9.1.1.3.2 Rest of SAM: Wind Turbine Condition Monitoring Market- by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Advantech Co. Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Baker Hughes Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 ENERCON GmbH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Goldwind.com
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 General Electric Company
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Nordex SE
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Siemens Gamesa Renewable Energy, S.A.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 TÜV RHEINLAND
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Vestas Wind Systems A/S
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Wind Turbine Condition Monitoring Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Wind Turbine Condition Monitoring Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Wind Turbine Condition Monitoring Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Wind Turbine Condition Monitoring Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Wind Turbine Condition Monitoring Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Wind Turbine Condition Monitoring Market- by Component–Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Wind Turbine Condition Monitoring Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Wind Turbine Condition Monitoring Market Segmentation
Figure 2. SAM Wind Turbine Condition Monitoring Market Segmentation – By Country
Figure 3. SAM Wind Turbine Condition Monitoring Market Overview
Figure 4. Hardware Component Segment held the Largest Share of SAM Wind Turbine Condition Monitoring Market
Figure 5. Gearbox Application Segment held the Largest Share of SAM Wind Turbine Condition Monitoring Market
Figure 6. Brazil to Show Great Traction During Forecast Period
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. SAM Wind Turbine Condition Monitoring Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. SAM Wind Turbine Condition Monitoring Market Revenue Share, by Component (2020 and 2028)
Figure 12. Hardware: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Software and Services: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Wind Turbine Condition Monitoring Market Revenue Share, by Application (2020 and 2028)
Figure 15. Rotor: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Tower: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Gearbox: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Generator: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: SAM Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM: Wind Turbine Condition Monitoring Market, by key Country – Revenue (2020) (US$ Million)
Figure 21. SAM: Wind Turbine Condition Monitoring Market Revenue Share, By Key Country (2020 and 2028)
Figure 22. Brazil: Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Argentina: Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of SAM: Wind Turbine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
- Advantech Co. Ltd.
- Baker Hughes Company
- ENERCON GmbH
- General Electric Company
- Goldwind
- Nordex SE
- Siemens Gamesa Renewable Energy, S.A
- TÜV RHEINLAND
- Vestas Wind Systems A/S
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Wind Turbine Condition Monitoring Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America Wind Turbine Condition Monitoring Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the Wind Turbine Condition Monitoring Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution