Automation Solution Market in Renewable Power Generation Industry: Global Report 2018-2022 – CAGR to Grow at 11.7% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Automation Solution Market in Renewable Power Generation Industry
2018-2022" report has been added to ResearchAndMarkets.com's
offering.

Global automation solution market in renewable power generation industry
to grow at a CAGR of 11.7% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.

One trend in the market is inception of new business models. With the
increasing awareness and adaptability of renewable resources for
generating power, new business models promising new ways to finance
renewable energy are gaining traction. For instance, the concept of
leasing is gaining popularity beyond the solar PV market in the US to
Europe, India, China, the Pacific and, most recently, Africa.

According to the report, one driver in the market is aggressive policies
supporting the growth of renewable power. To minimize the emission of
greenhouse gases and reduce the impact of global warming, governments in
both developed and developing countries are coming up with various
policies, regulatory measures, and protocols that will act as a catalyst
to increase the adoption of renewable sources for generating power.

Further, the report states that one challenge in the market is cost
challenges due to retrofitting. Implementing automation in power plants
provides a wide range of advantages. However, retrofitting automation
solutions in conventional devices and machines requires significant
investment and effort. This in turn requires a cost-benefit analysis, as
companies need to justify investments made toward purchasing new systems.

Key Vendors

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

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation by Technology

Part 08: Market Segmentation by Product

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/zvxp9t/automation?w=4

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Related
Topics: Industrial
Automation , Renewable
Energy