Automation Solution in Renewable Power Generation Market Insights Video
According to Cognitive Market Research, the global Automation Solution in the Renewable Power Generation market size was USD 4961.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1984.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1488.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1141.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 248.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 99.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The wind power category is the fastest growing segment of the Automation Solution in Renewable Power Generation industry
