NEW YORK, June 16, 2022 /PRNewswire/ — The Automation Solution Market size is expected to grow by USD 3.45 billion at a CAGR of 5.37% as per the latest market report by Technavio. 48% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the automation solutions market in the renewable power generation industry in APAC.
The market in this region will increase at a quicker rate than the market in other regions. Over the projection period, aggressive regulations promoting the expansion of renewable energy would help the automation solution market in the renewable power generating industry thrive in APAC.
For more insights on the market share of various regions – Get a Sample report in
MINUTES
Read the 120-page report with TOC on “Automation Solution Market in Renewable Power Generation Industry Analysis Report by End-user (Solar energy, Wind energy, and Others), Geography (APAC, North America, Europe, MEA, and South America), and the Segment Forecasts, 2021-2025″.
Don’t wait, Make a strategic approach & boost your business goals with Automation
Solution Market Forecast Report – Buy Now!
The market is driven by the introduction of aggressive policies supporting renewable power. In addition, the inception of new business models is anticipated to boost the growth of the automation solution market in renewable power generation industry.
Growing concerns over GHG emissions are driving governments in both developed and developing countries to enforce stricter regulations and frame new policies that encourage the adoption of renewable sources for generating power.
For instance, the Government of India set the target of increasing its renewable energy generation capacity from the current capacity of approximately 136 GW to 450 GW by 2030. Similarly, the US Environmental Protection Agency (EPA) has introduced certain guidelines that clearly state that power plants older than 25 years with capacities of over 50 MW must be upgraded. The introduction of such regulatory norms is attracting significant investments in the field of renewable power generation, which is also driving the demand for automation solutions.
To know more about the other drivers & challenges – Request a Sample Now!
Major Five Automation Solution Companies:
- ABB Ltd.-The company offers automation devices that deliver solutions such as Programmable Logic Controllers (PLCs), automation builder, control panels, and legacy products for renewable energy industry.
- Beckhoff Automation GmbH and Co. KG-The company offers open automation systems using PC-based control technology. Various automation solutions offered by the company are Industrial PCs, drive technology, I/O and fieldbus components, and automation software.
- Eaton Corporation Plc-The company offers a wide range of automation solutions such as electrical power monitoring system (EPMS), Power control and automation systems/PLC, industrial gateways, remote monitoring solutions, and solar monitoring solutions.
- Hitachi Ltd.-The company offers Remote I/Os, inverters, and PLCs stand for highly integrated and discrete industrial automation solutions and smart manufacturing processes for the renewable power generation industry.
- Mitsubishi Electric Corp.-The company offers a vast range of automation and processing technologies, comprising of controllers, power distribution and control products, drive products, electrical discharge machines, laser processing machines, electron beam machines, computerized numerical controllers, and industrial robots.
To know about all major vendor offerings – Download a sample now!
Automation Solution Market in Renewable Power Generation Industry End-user Outlook
(Revenue, USD Billion, 2020-2025)
- Solar energy – size and forecast 2020-2025
- Wind energy – size and forecast 2020-2025
- Others – size and forecast 2020-2025
Automation Solution Market in Renewable Power Generation Industry Geography
Outlook (Revenue, USD Billion, 2020-2025)
- APAC – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
- South America – size and forecast 2020-2025
To know about the contribution of each segment –Grab an Exclusive Sample Report
Related Reports on Industrials Include:
Medium Voltage Transformer Market – The medium voltage transformer market share is expected to surge to USD 3.76 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.92%. Download Exclusive Sample Report
Vortex Flowmeter Market– According to Technavio analysts, at a progressing CAGR of 5.44%, the vortex flowmeter market share is expected to rise to USD 130.71 million by 2026. Download Exclusive Sample Report
|
Automation Solution Market In Renewable Power Generation Industry Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.37% |
|
Market growth 2021-2025 |
$ 3.45 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.04 |
|
Regional analysis |
APAC, North America, Europe, MEA, and South America |
|
Performing market contribution |
APAC at 48% |
|
Key consumer countries |
US, China, India, Germany, and Japan |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corporation Plc, Hitachi Ltd., Mitsubishi Electric Corp., Pilz GmbH and Co. KG, Bosch Rexroth AG, Rockwell Automation Inc., Siemens AG, and Toshiba Corp. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Electrical Components and Equipment
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 – 2025
- Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 15: End user – Market share 2020-2025 (%)
- 5.2 Comparison by End-user
- 5.3 Solar energy – Market size and forecast 2020-2025
- Exhibit 17: Solar energy – Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Solar energy – Year-over-year growth 2020-2025 (%)
- 5.4 Wind energy – Market size and forecast 2020-2025
- Exhibit 19: Wind energy – Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Wind energy – Year-over-year growth 2020-2025 (%)
- 5.5 Others – Market size and forecast 2020-2025
- Exhibit 21: Others – Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Others – Year-over-year growth 2020-2025 (%)
- 5.6 Market opportunity by End-user
- Exhibit 23: Market opportunity by End-user
6 Customer Landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 25: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 26: Geographic comparison
- 7.3 APAC – Market size and forecast 2020-2025
- Exhibit 27: APAC – Market size and forecast 2020-2025 ($ million)
- Exhibit 28: APAC – Year-over-year growth 2020-2025 (%)
- 7.4 North America – Market size and forecast 2020-2025
- Exhibit 29: North America – Market size and forecast 2020-2025 ($ million)
- Exhibit 30: North America – Year-over-year growth 2020-2025 (%)
- 7.5 Europe – Market size and forecast 2020-2025
- Exhibit 31: Europe – Market size and forecast 2020-2025 ($ million)
- Exhibit 32: Europe – Year-over-year growth 2020-2025 (%)
- 7.6 MEA – Market size and forecast 2020-2025
- Exhibit 33: MEA – Market size and forecast 2020-2025 ($ million)
- Exhibit 34: MEA – Year-over-year growth 2020-2025 (%)
- 7.7 South America – Market size and forecast 2020-2025
- Exhibit 35: South America – Market size and forecast 2020-2025 ($ million)
- Exhibit 36: South America – Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 37: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 38: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 39: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 40: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 41: Landscape disruption
- Exhibit 42: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 43: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 44: Market positioning of vendors
- 10.3 ABB Ltd.
- 10.4 Beckhoff Automation GmbH and Co. KG
- Exhibit 50: Beckhoff Automation GmbH and Co. KG – Overview
- Exhibit 51: Beckhoff Automation GmbH and Co. KG – Product and service
- Exhibit 52: Beckhoff Automation GmbH and Co. KG – Key offerings
- 10.5 Eaton Corporation Plc
- Exhibit 53: Eaton Corporation Plc – Overview
- Exhibit 54: Eaton Corporation Plc – Business segments
- Exhibit 55: Eaton Corporation Plc -Key news
- Exhibit 56: Eaton Corporation Plc – Key offerings
- Exhibit 57: Eaton Corporation Plc – Segment focus
- 10.6 Hitachi Ltd.
- Exhibit 58: Hitachi Ltd. – Overview
- Exhibit 59: Hitachi Ltd. – Business segments
- Exhibit 60: Hitachi Ltd.-Key news
- Exhibit 61: Hitachi Ltd. – Key offerings
- Exhibit 62: Hitachi Ltd. – Segment focus
- 10.7 Mitsubishi Electric Corp.
- Exhibit 63: Mitsubishi Electric Corp. – Overview
- Exhibit 64: Mitsubishi Electric Corp. – Business segments
- Exhibit 65: Mitsubishi Electric Corp.- Key news
- Exhibit 66: Mitsubishi Electric Corp. – Key offerings
- Exhibit 67: Mitsubishi Electric Corp. – Segment focus
- 10.8 Pilz GmbH and Co. KG
- Exhibit 68: Pilz GmbH and Co. KG – Overview
- Exhibit 69: Pilz GmbH and Co. KG – Product and service
- Exhibit 70: Pilz GmbH and Co. KG – Key offerings
- 10.9 Bosch Rexroth AG
- Exhibit 71: Bosch Rexroth AG – Overview
- Exhibit 72: Bosch Rexroth AG – Product and service
- Exhibit 73: Bosch Rexroth AG – Key offerings
- 10.10 Rockwell Automation Inc.
- Exhibit 74: Rockwell Automation Inc. – Overview
- Exhibit 75: Rockwell Automation Inc. – Business segments
- Exhibit 76: Rockwell Automation Inc.- Key news
- Exhibit 77: Rockwell Automation Inc. – Key offerings
- Exhibit 78: Rockwell Automation Inc. – Segment focus
- 10.11 Siemens AG
- Exhibit 79: Siemens AG – Overview
- Exhibit 80: Siemens AG – Business segments
- Exhibit 81: Siemens AG -Key news
- Exhibit 82: Siemens AG – Key offerings
- Exhibit 83: Siemens AG – Segment focus
- 10.12 Toshiba Corp.
- Exhibit 84: Toshiba Corp. – Overview
- Exhibit 85: Toshiba Corp. – Business segments
- Exhibit 86: Toshiba Corp. – Key offerings
- Exhibit 87: Toshiba Corp. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 88: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 89: Research Methodology
- Exhibit 90: Validation techniques employed for market sizing
- Exhibit 91: Information sources
- 11.4 List of abbreviations
- Exhibit 92: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
