- Published: 02 January 2017 02 January 2017
Technavio analysts forecast the global nacelle-mounted LIDAR systems for wind industry to grow at a CAGR of almost 7% during the forecast period, according to their latest report. The global nacelle mounted LIDAR systems market is expected to grow steadily during the forecast period.
This is due to the growing importance of wind measurement since each wind farm costs billions of dollars. Measuring and accessing the wind energy to harness its potential is possible due to the valuable information provided by these systems to the wind farm developers. Thus, it reduces the uncertainties when financing the wind farm. Nacelle sensors were used for measuring the wind speeds. Technavio energy analysts highlight the following three factors that are contributing to the growth of the global nacelle-mounted LIDAR systems for wind industry market:
- Need for effective turbine performance management
- Growing adoption of LIDAR technology
- Increase in hub height