Enjoy complimentary customisation on priority with our Enterprise License!
The nacelle-mounted LIDAR systems market for wind industry share is expected to increase by USD 15.95 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.82%.
This nacelle-mounted LIDAR systems market research report for wind industry provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers nacelle-mounted LIDAR systems market segmentation for wind industry by application (offshore and onshore) and geography (Europe, APAC, North America, South America, and MEA). The nacelle-mounted LIDAR systems market report for wind industry also offers information on several market vendors, including Epsiline, ESCO Technologies Inc., John Wood Group Plc, Mitsubishi Electric Corp., Vaisala Oyj, Windar Photonics A/S, and Zephir Ltd. among others.
Download the Free Report Sample to Unlock the Nacelle-Mounted LIDAR Systems Market Size for Wind Industry for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in the hub height is notably driving the nacelle-mounted LIDAR systems market growth for wind industry, although factors such as high cost of implementation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nacelle-mounted LIDAR systems market for wind industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Nacelle-Mounted LIDAR Systems Market Driver for Wind Industry
Technological advances and developments in blade design are the main factors that lead to an increase in the wind turbine output and capacity. By just doubling the rotor size or diameter, the power output increases fourfold. Therefore, the need to increase renewable power generation and the rapid technological advances are increasing the adoption of wind towers and turbines, which will fuel the growth of the global nacelle-mounted LIDAR systems market for wind industry. The rise in the tower height is increasing the investments in wind power projects, thus making wind source assessments even more critical in determining the profitability of a wind farm. This critical assessment is generally performed using a large meteorological mast. However, owing to the cost and practical limitations such as time and complexity, the met mast tower heights are generally limited to less than 100 meters. When it is necessary to take wind measurements above 100 meters, vertical extrapolation is carried out based on the measured wind shear, resulting in the uncertainty of the annual yields. The need to overcome the uncertainty has driven the demand for remote-sensing devices, such as nacelle-mounted LIDAR systems, as they can be easily deployed, typically in half a day. Moreover, such systems are easy to operate.
This nacelle-mounted LIDAR systems market analysis report for wind industry also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the nacelle-mounted LIDAR systems market for wind industry encompasses successful business strategies deployed by the key vendors. The nacelle-mounted LIDAR systems market for wind industry is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The nacelle-mounted LIDAR systems market forecast report for wind industry offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.