Decarbonization of power consumption with large-scale deployment of renewable energy sources like the wind has been one of the key developments in paving the path to a sustainable tomorrow. As we transition from a fossil-fuel economy to a green economy, wind energy, along with other cleaner power sources, is building a dominant position in the market.
According to a report by precedenceresearch.com, the global wind energy market was valued at $77.77bn in 2021 and is projected to reach $174.5bn by 2030 at a registered CAGR of 9.4 percent between 2021 to 2030.
The significant market growth is attributed to the surge in demand for renewable energy sources to curb carbon emissions and the increasing pressure from governments to achieve their net-zero goals. This has given rise to the need for innovative wind energy services and solutions that are underpinned by the latest technologies and designed to maximize asset value while ensuring safety.
Intelligent control systems that leverage AI and machine learning play an important role in helping extract maximum power from offshore plants by ensuring they run efficiently and avoiding unscheduled downtime. Moreover, digital twin wind farms are transforming the wind energy landscape by optimizing functionality and helping energy companies understand the capabilities and limitations of the equipment.
This edition of Energy Tech Review delivers a bird’s-eye view of the recent developments in the wind energy arena and insights into how companies are aligning with these trends to provide enhanced wind energy services to customers.
We have curated thought leadership articles from industry experts, including the R&D M&D Manager for the offshore structural business of Vallourec and the Director for Strategic Planning and Transformation at National Grid. We also took a deep dive into the market trends to narrow down the list of companies delivering robust wind energy services. Equipped with innovative technological capabilities, the enlisted service providers, such as Bernal Energy Services and UpTower, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Energy Tech Review on wind energy helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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