Technology-led Solutions Help Onshore Wind Turbine Manufacturers Tap Additional Revenue Opportunities

"Emerging technologies such as 5G, edge computing, augmented and virtual reality (AR, VR),  and advanced lightweight composite materials, are creating additional revenue opportunities for wind industry participants," said Swagath Navin Manohar,Research Manager, Energy & Environment at Frost & Sullivan. "Innovations like LiDAR, digital twin, additive manufacturing, radar, and drones are expected to phase out manual inspections of wind turbines and ultimately help participants deliver greater process and cost efficiencies to utilities, independent power producers (IPPs) and wind farm owners."

"Emerging technologies such as 5G, edge computing, augmented and virtual reality (AR, VR),  and advanced lightweight composite materials, are creating additional revenue opportunities for wind industry participants," said Swagath Navin Manohar,Research Manager, Energy & Environment at Frost & Sullivan. "Innovations like LiDAR, digital twin, additive manufacturing, radar, and drones are expected to phase out manual inspections of wind turbines and ultimately help participants deliver greater process and cost efficiencies to utilities, independent power producers (IPPs) and wind farm owners."

Frost & Sullivan's recent analysis, Growth Opportunities in the Global Onshore Wind Turbine Market, Forecast to 2025, presents the key drivers and restraints influencing the global and regional wind markets. It analyzes the competitive landscape and identifies the geographical hotspots for the next five to 10 years. It covers the regions of North America, Europe, Asia-Pacific, Latin America, India, China, and the Middle East and Africa.

For further information on this analysis, please visit: http://frost.ly/41i

"The repowering of wind farms by replacing old wind turbines with new and technologically superior models, especially in the US and Europe, is expected to bolster the global market," noted Manohar. "Meanwhile, the shift in financing mechanisms from subsidies to competitive auctions across regions like Europe, Asia, and Latin America is expected to make the market sustainable and subsidy-free."

Wind turbine manufacturers are expected to find new growth opportunities by:

Growth Opportunities in the Global Onshore Wind Turbine Market, Forecast to 2025 is part of Frost & Sullivan's global Power Generation Growth Partnership Service program.

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Growth Opportunities in the Global Onshore Wind Turbine Market, Forecast to 2025
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