The Wind Turbine Condition Monitoring System market is set to grow by USD 159.5 Million from 2024-2028

The Global Wind Turbine Condition Monitoring System Market  size is estimated to grow by USD 159.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.2%  during the forecast period. Rsing adoption of scada in wind turbine systems is driving market growth, with a trend towards rising necessity of remote and e-monitoring of wind turbines.

The wind turbine condition monitoring market is witnessing significant growth due to the increasing adoption of remote and e-monitoring systems. These systems enable continuous observation and analysis of turbine performance from a central location, providing a cost-effective solution. The shift towards offshore wind turbines, which are often located in remote areas, necessitates the use of remote condition monitoring systems. Key players in the market, such as General Electric Co., offer digital and remote condition monitoring solutions for onshore wind turbines, ensuring their optimal performance and reducing downtime. For instance, General Electric Co.'s remote monitoring systems keep onshore wind turbines online, servicing major systems. Moreover, e-monitoring systems provide fast internet facilities, increasing monitoring efficiency. In February 2022, Baker Hughes Co.'s remote monitoring system identified a broken tooth in an onshore wind turbine's gearbox, preventing potential breakdowns. These factors will fuel the growth of the global wind turbine condition monitoring system market during the forecast period.

The Wind Turbine Condition Monitoring System market is experiencing significant growth due to the increasing focus on renewable energy and reducing greenhouse gas emissions. Offshore wind farms are a key trend, with the need for intelligent turbines and advanced monitoring systems to optimize power generation and reduce downtime. Key components for monitoring include gearboxes, which can be costly to replace, and vibration sensors for fault detection. Decarbonization and the shift away from fossil fuels are driving private sector investment in this sector. Advanced technologies like 3D printing and automation are being used to improve component manufacturing and reduce maintenance costs. Remote monitoring and autonomous inspection vessels enable real-time data acquisition and analysis, leading to improved productivity and power production. The market can be segmented into component-based and application-based, with vibration monitoring, temperature monitoring, and shaft power measurement being common applications. The reduction of carbon footprint and maintenance cost reduction are major benefits, making wind energy an affordable alternative energy source for meeting electricity demand and addressing climate change concerns. Key trends include shaft torque, RPM, torsional vibration, and shaft signature monitoring, as well as gearbox installation and high-speed output shaft condition monitoring for generator condition assessment.