Automation solution market in renewable power generation industry; Growth opportunities led by ABB Ltd. and Beckhoff Automation GmbH and Co. KG - Technavio

NEW YORK, Jan. 9, 2023 /PRNewswire/ -- The automation solution market in renewable power generation industry is forecast to grow by USD 3767.77 million from 2022 to 2027, at a CAGR of 5.56%, according to the recent market study by Technavio. The growth of the market will be driven by aggressive policies supporting the growth of renewable power, declining cost of solar and wind power generation, and continuous growth of market activities in the renewable power industry.

Technavio categorizes the global automation solution market in renewable power generation industry as a part of the global electrical components and equipment market, which covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including ABB Ltd., Beckhoff Automation GmbH and Co. KG, Bosch Rexroth AG, Delta Electronics Inc, Eaton Corp. Plc, Emerson Electric Co, Fuji Electric Co. Ltd., GE Grid Solutions, Hitachi Energy Ltd., Honeywell International Inc., Intel Corp., Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Power Co. Ltd., Toshiba Corp., and Yokogawa Electric Corp.

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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The market is segmented by end-user (solar energy, wind energy, and others), application (asset management, process control, remote monitoring, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Segmentation by end-user (Inclusion/Exclusion)

• Solar energy

The market growth will be significant in the solar energy segment during the forecast period. The segment is driven by the need to reduce structural and mechanical sources of errors that are caused by tolerances and incorrect alignment of mirror facets. Also, the increasing number of contracts between end-users and vendors is contributing to the growth of the segment.

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What are the key data covered in this automation solution market in renewable power generation industry report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automation solution market between 2023 and 2027
• Precise estimation of the size of the automation solution market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automation solution market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automation solution market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automation solution market in renewable power generation industry market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global automation solution market in renewable power generation industry market 2017 - 2021 ($ million)

• 4.2 End-User Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Solar energy - Market size and forecast 2022-2027
• Exhibit 34: Chart on Solar energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Solar energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Solar energy - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solar energy - Year-over-year growth 2022-2027 (%)

• 6.4 Wind energy - Market size and forecast 2022-2027
• Exhibit 38: Chart on Wind energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Wind energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Wind energy - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Wind energy - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Asset management - Market size and forecast 2022-2027
• Exhibit 51: Chart on Asset management - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Asset management - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Asset management - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Asset management - Year-over-year growth 2022-2027 (%)

• 7.4 Process control - Market size and forecast 2022-2027
• Exhibit 55: Chart on Process control - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Process control - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Process control - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Process control - Year-over-year growth 2022-2027 (%)

• 7.5 Remote monitoring - Market size and forecast 2022-2027
• Exhibit 59: Chart on Remote monitoring - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Remote monitoring - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Remote monitoring - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Remote monitoring - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 120: ABB Ltd. - Overview
• Exhibit 121: ABB Ltd. - Business segments
• Exhibit 122: ABB Ltd. - Key news
• Exhibit 123: ABB Ltd. - Key offerings
• Exhibit 124: ABB Ltd. - Segment focus

• 12.4 Beckhoff Automation GmbH and Co. KG 
• Exhibit 125: Beckhoff Automation GmbH and Co. KG - Overview
• Exhibit 126: Beckhoff Automation GmbH and Co. KG - Product / Service
• Exhibit 127: Beckhoff Automation GmbH and Co. KG - Key offerings

• 12.5 Bosch Rexroth AG 
• Exhibit 128: Bosch Rexroth AG - Overview
• Exhibit 129: Bosch Rexroth AG - Product / Service
• Exhibit 130: Bosch Rexroth AG - Key offerings

• 12.6 Delta Electronics Inc 
• Exhibit 131: Delta Electronics Inc - Overview
• Exhibit 132: Delta Electronics Inc - Business segments
• Exhibit 133: Delta Electronics Inc - Key offerings
• Exhibit 134: Delta Electronics Inc - Segment focus

• 12.7 Eaton Corp. Plc 
• Exhibit 135: Eaton Corp. Plc - Overview
• Exhibit 136: Eaton Corp. Plc - Business segments
• Exhibit 137: Eaton Corp. Plc - Key news
• Exhibit 138: Eaton Corp. Plc - Key offerings
• Exhibit 139: Eaton Corp. Plc - Segment focus

• 12.8 Fuji Electric Co. Ltd. 
• Exhibit 140: Fuji Electric Co. Ltd. - Overview
• Exhibit 141: Fuji Electric Co. Ltd. - Business segments
• Exhibit 142: Fuji Electric Co. Ltd. - Key offerings
• Exhibit 143: Fuji Electric Co. Ltd. - Segment focus

• 12.9 GE Grid Solutions 
• Exhibit 144: GE Grid Solutions - Overview
• Exhibit 145: GE Grid Solutions - Product / Service
• Exhibit 146: GE Grid Solutions - Key offerings

• 12.10 Hitachi Energy Ltd. 
• Exhibit 147: Hitachi Energy Ltd. - Overview
• Exhibit 148: Hitachi Energy Ltd. - Product / Service
• Exhibit 149: Hitachi Energy Ltd. - Key offerings

• 12.11 Honeywell International Inc. 
• Exhibit 150: Honeywell International Inc. - Overview
• Exhibit 151: Honeywell International Inc. - Business segments
• Exhibit 152: Honeywell International Inc. - Key news
• Exhibit 153: Honeywell International Inc. - Key offerings
• Exhibit 154: Honeywell International Inc. - Segment focus

• 12.12 Mitsubishi Electric Corp. 
• Exhibit 155: Mitsubishi Electric Corp. - Overview
• Exhibit 156: Mitsubishi Electric Corp. - Business segments
• Exhibit 157: Mitsubishi Electric Corp. - Key news
• Exhibit 158: Mitsubishi Electric Corp. - Key offerings
• Exhibit 159: Mitsubishi Electric Corp. - Segment focus

• 12.13 Pilz GmbH and Co. KG 
• Exhibit 160: Pilz GmbH and Co. KG - Overview
• Exhibit 161: Pilz GmbH and Co. KG - Product / Service
• Exhibit 162: Pilz GmbH and Co. KG - Key offerings

• 12.14 Rockwell Automation Inc. 
• Exhibit 163: Rockwell Automation Inc. - Overview
• Exhibit 164: Rockwell Automation Inc. - Business segments
• Exhibit 165: Rockwell Automation Inc. - Key news
• Exhibit 166: Rockwell Automation Inc. - Key offerings
• Exhibit 167: Rockwell Automation Inc. - Segment focus

• 12.15 Schneider Electric SE 
• Exhibit 168: Schneider Electric SE - Overview
• Exhibit 169: Schneider Electric SE - Business segments
• Exhibit 170: Schneider Electric SE - Key news
• Exhibit 171: Schneider Electric SE - Key offerings
• Exhibit 172: Schneider Electric SE - Segment focus

• 12.16 Siemens AG 
• Exhibit 173: Siemens AG - Overview
• Exhibit 174: Siemens AG - Business segments
• Exhibit 175: Siemens AG - Key news
• Exhibit 176: Siemens AG - Key offerings
• Exhibit 177: Siemens AG - Segment focus

• 12.17 Toshiba Corp. 
• Exhibit 178: Toshiba Corp. - Overview
• Exhibit 179: Toshiba Corp. - Business segments
• Exhibit 180: Toshiba Corp. - Key offerings
• Exhibit 181: Toshiba Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 182: Inclusions checklist
• Exhibit 183: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 184: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 185: Research methodology
• Exhibit 186: Validation techniques employed for market sizing
• Exhibit 187: Information sources

• 13.5 List of abbreviations 
• Exhibit 188: List of abbreviations

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