Global Automation Solution in Renewable Power Generation Market Size, Status and Forecast 2020-2026

Governments across the world are focusing on minimizing the emission of greenhouse gases and reducing the impact of global warming by incorporating several regulatory measures and protocols. These aggressive policies are contributing to the increased adoption of renewable sources for power generation. Technavio’s market research analysts have identified the focus of governments towards implement new policies to support the growth of green energy as one of the primary factors that will trigger the growth of the automation solutions market in renewable power generation industry in the coming years. For instance, in the Americas, the US Environmental Protection Agency has come up with guidelines that clearly state that power plants older than 25 years with capacities over 50 MW require upgradation. With the increasing investment in the renewable sector, the adoption of automation solutions will subsequently increase in the power industry, fueling the market’s growth prospects. 
The inception of the new business models will be one of the key trends gaining traction in the automation solution market in the renewable power generation industry during the next few years. With the increasing awareness and adaptability of renewable resources for generating power, the renewable energy sector will witness the emergence of new business models. Several countries across the world are witnessing the preference towards leasing since it bridges the gap between investors and the decentralized solar PV installation users.
Market Analysis and Insights: Global Automation Solution in Renewable Power Generation Market
In 2019, the global Automation Solution in Renewable Power Generation market size was US$ 417.5 million and it is expected to reach US$ 792.4 million by the end of 2026, with a CAGR of 9.5% during 2021-2026.
Global Automation Solution in Renewable Power Generation Scope and Market Size
Automation Solution in Renewable Power Generation market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Automation Solution in Renewable Power Generation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Automation Solution in Renewable Power Generation market is segmented into Solutions, Services, etc.
Segment by Application, the Automation Solution in Renewable Power Generation market is segmented into Solar Energy, Wind Energy, Others, etc.
Regional and Country-level Analysis
The Automation Solution in Renewable Power Generation market is analysed and market size information is provided by regions (countries).
The key regions covered in the Automation Solution in Renewable Power Generation market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Automation Solution in Renewable Power Generation Market Share Analysis
Automation Solution in Renewable Power Generation market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Automation Solution in Renewable Power Generation business, the date to enter into the Automation Solution in Renewable Power Generation market, Automation Solution in Renewable Power Generation product introduction, recent developments, etc.
The major vendors include ABB, Emerson, General Electric, Rockwell Automation, Schneider Electric, Siemens, etc.

This report focuses on the global Automation Solution in Renewable Power Generation status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automation Solution in Renewable Power Generation development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

ABB
Emerson
General Electric
Rockwell Automation
Schneider Electric
Siemens
...

Market segment by Type, the product can be split into

Solutions
Services

Market segment by Application, split into

Solar Energy
Wind Energy
Others

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Automation Solution in Renewable Power Generation status, future forecast, growth opportunity, key market and key players.
To present the Automation Solution in Renewable Power Generation development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Automation Solution in Renewable Power Generation are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Frequently Asked Questions