SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- AA new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wind Automation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year
Edition: 9; Released: January 2022
Executive Pool: 21392
Companies: 42 - Players covered include ABB Group; Bachmann electronic GmbH; Bonfiglioli Riduttori SpA; Emerson Electric Company; General Electric Company; Honeywell International, Inc.; Mitsubishi Electric Corporation; Omron Corporation; Regal Beloit Corporation; Rockwell Automation, Inc.; Schneider Electric SA; Siemens AG; Vestas Wind Systems A/S; Yokogawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: Segment (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Geared Motors & Drives)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Wind Automation Market to Reach $4.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Wind Automation estimated at US$3.4 Billion, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Supervisory Control and Data Acquisition (SCADA), one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Programmable Logic Controller (PLC) segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $805.8 Million by 2026
The Wind Automation market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$805.8 Million by the year 2026 trailing a CAGR of 4.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Distributed Control System (DCS) Segment to Reach US$1.1 Billion by the year 2026
In the global Distributed Control System (DCS) segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$656.5 Million will reach a projected size of US$957.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.