Market Overview

Global LIDAR Systems Market for the Wind Industry 2018-2022| 6% CAGR Projection Over the Next Four Years| Technavio

Share:

The global LIDAR systems market for the wind industry is expected to
post a CAGR of nearly 6% during the period 2018-2022, according
to the latest market research report by Technavio.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180803005348/en/

Technavio has published a new market research report on the global LIDAR systems market for the wind ...

Technavio has published a new market research report on the global LIDAR systems market for the wind industry from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increase in wind
tower height. The wind tower height has grown tremendously over the past
few years. The increased height of towers has resulted in the increased
size of rotors and blades. This also increases the total potential
production from wind turbines. The wind blows more steadily at high
altitudes, which helps increase the energy generated from wind turbines.

This market research report on the global
LIDAR systems market for the wind industry 2018-2022
also
provides an analysis of the most important trends expected to impact the
market outlook during the forecast period. Technavio classifies an
emerging trend as a major factor that has the potential to significantly
impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the decrease in wind electricity
cost as one of the key emerging trends in the global LIDAR systems
market for the wind industry:

Global LIDAR systems market for the wind
industry: Decrease in wind electricity cost

Wind energy is currently one of the least-cost sources of electricity
generation. The global weighted average electricity cost production of
onshore wind has gone down by almost one-fifth between 2010 and 2016.
Recent developments such as increasing hub heights and falling wind
turbine costs have suggested that the electricity produced through wind
energy could be as low as USD 0.03/kWh in the coming years. The
increased hub height of wind towers and the falling prices of wind
turbine components have led to a decline in wind electricity cost.

"The growing demand for clean energy initiatives among countries has
led to the increased adoption of renewable energy on a global level. The
declining cost of wind power systems will increase the demand for LIDAR
systems and lead to the gradual growth of the global LIDAR systems
market for the wind industry in the future,"
says a senior analyst
at Technavio for research on power.

Global LIDAR systems market for the wind
industry: Segmentation analysis

This market research report segments the global LIDAR systems market for
wind industry by product (nacelle-mounted LIDAR systems and
ground-mounted LIDAR systems) and geographical regions (APAC, EMEA, and
the Americas).

The ground-mounted LIDAR systems segment held the largest market share
in 2017, accounting for nearly 94% of the market. This product segment
is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 43%. The
market share occupied by this region is anticipated to increase by
nearly 2% during 2018-2022.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View Comments and Join the Discussion!