Wind Turbine Condition Monitoring System Market Growth Is Driven by the Increasing Installation of Wind Turbines


There is a paradigm shift towards renewable sources of energy worldwide. Several countries worldwide are adding renewable energy capacity to their total energy mix. The wind is a clean, free, and readily available renewable energy source. Wind turbine condition monitoring system is commonly employed for the early detection of faults or failures in order to minimize downtime and maximize productivity. The system provides an accurate torsional vibration of the shaft, shaft power measurement, shaft bending, shaft RPM, shaft torque, and shaft signature or profile. Thus, the demand for wind turbine condition monitoring system has increased due to increasing installation of wind turbines, in developed and developing countries.

According to the Institute for Energy Economics and Financial Analysis (IEEFA), wind power installations in India rose to 2.07 GW in the financial year 2019-20, a 31% increase compared to 1.58 GW in 2018-19. This in turn is expected to augment the growth of the wind turbine condition monitoring system market. The condition monitoring system can also be installed on a high-speed output shaft, after gearbox installation to measure generated power and gain vital information about generator condition. Moreover, with continuous development of intelligent technology, demand for intelligent wind turbine condition monitoring system has increased.

For example, NGC launched Gear-Sight 3000 online status monitoring system to make gearbox operation and maintenance easier. It is a gearbox online monitoring and health management system manufactured for the wind energy industry, with a high degree of precision. The wind turbine condition monitoring system helps reduce turbine maintenance costs, improve the site performance, provide accurate data, and resolve faults before any failure. Growth of the wind turbine condition monitoring system market can also be attributed to the increasing investment in renewable energy and increasing automation in wind turbine manufacturing. Germany has the highest installed wind capacity in Europe.

According to the German Wind Energy Association (BWE), at the end of 2020, there were a total of 29,608 onshore wind turbines in Germany. Around 420 new onshore wind turbines with a capacity of 1,431 MW were newly installed in 2020. Thus, with increasing installation, the demand for wind turbine condition monitoring system is also increasing. This in turn is also expected to accelerate the growth of the wind turbine condition monitoring system market. However, factors such as unpredictable turbine maintenance periods, the high cost of condition monitoring systems, and high investment for the production/installation of wind turbines are expected to hamper the wind turbine condition monitoring system market growth.

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