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 wi...