Requirement to counter the pollution, reduce consumption of conventional fuels and increase the efficiency of renewable power sources such as hydro, solar, wind, geothermal, and biofuels is expected to be the major trend that will drive the utilization of smart means for energy generation.

1. Smart Wind Market Competitive Intelligence and Tracking Report Till
2026
Smart Wind Market research provides industry analysis by type, manufacturer, application
along with key factors influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key players and
comprehensively analyze their market share and core competencies.
Requirement to counter the pollution, reduce consumption of conventional fuels and increase the efficiency of
renewable power sources such as hydro, solar, wind, geothermal, and biofuels is expected to be the major
trend that will drive the utilization of smart means for energy generation. Smart wind market refers to utilization
of computing models, better turbines positioning, improved efficiency of rotor blades to the mechanical parts
inside the nacelle, connected sensors, and software to optimize the efficiency of the operations under broader
range of conditions.
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Power generation capacity of more kWhs per hour by lower capacity models, will garner
increased applications
Incorporating intelligent algorithms and sensors in these next generation models has led to increased
reliability and ability to function in relatively lower air current speeds. Owing to increased reliability,
overall operation costs are significantly reduced and allows the turbine to capture more energy with
less downtimes. Moreover, next generation low capacity models are featured with the ability to
produce more kWhs over its long run. For instance, in February 2013, GE introduced 2.5-120 turbine,
which had relatively lower power output than its dominant 2.85 megawatt turbine. However, owing to
the integration of arrays of sensors in conjunction with algorithms it was featured with the capacity of
producing around 15% more kilowatt hours. These factors are expected to prominently drive the
industry growth through the forecast period.

2. Smart Wind Market Taxonomy
On the basis of components, the global smart wind market is classified into:
 On-grid
 Off-grid
On the basis of turbine axis, the global smart wind market is classified into:
 Vertical axis wind turbines
 Horizontal axis wind turbines
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Declining costs per kWh owing to bigger turbines and economies of scale is expected to
attract large number of users
According to American Wind Energy Association (AWEA), unsubsidized costs of this energy
generation methodology in the country ranged from US$ 32 to 62 per MWh in 2016, which was
relatively lower to the gas combined cycle that ranged from US$ 48 to 78 per MWh, which was the
cheapest conventional energy source. Moreover, pricing trend has witnessed considerable decline
over the past few years. According to Coherent Market Insights, owing to these advantageous
factors, the number of deployment of wind farms is expected to increase over 1.5X in 2016, which will
provide substantial opportunities for the smart wind market over the next few years.
Heavy upfront investments and threats to the wildlife are expected to be the major factors that
will continue to hamper the industry growth
The energy output of these sources fluctuates around the clock, dependent on the winds, owing to
which these cannot be directly use to supply base loads. Moreover, requirement of additional
expenditure for enabling the energy storage such as pumped hydro or batteries will present
considerable growth challenge to the overall industry growth. Moreover, bird mortality rates owing to
collisions to these turbines has witnessed significant increase over the past few years. According to
American Bird Conservancy, annual estimated loss of birds in 2012 was around 573,000. If the
dependence on these sources were to increase up to 35%, the bird fatality rates could reach as high
5 million annually. Thus, threats to the wildlife is expected to remain a major concern.
U.S. was the leading producer of the energy through these sources, is anticipated to continue its
dominance in the smart wind market. According to Wind Vision Report in 2015, by Department Of
Energy in the U.S., projections of 20% of the required energy generation through its wind sources by
2030, and is expected to surge to 35% by 2050. In conjunction with U.S. as the most lucrative region,
increased demands in Europe and Asia Pacific will also provide solid growth platform to the smart
wind market. Industry participants include Xcel Energy, GE Power, National Center for Atmospheric
Research, Omniflow, GaN Systems, Nextek Power Systems, and Nebula Energy.
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3. About Coherent Market Insights:
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to emerging market trends, technologies, and potential absolute dollar opportunity.
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