Automation Solutions for Renewable Power Market to Grow by USD 3.15 Billion (2024-2028), Driven by Aggressive Renewable Policies, AI-Powered Report Highlights Evolution – Technavio | PR Newswire [Video]

, /PRNewswire/ — Report on how AI is driving market transformation – The global automation solutions for renewable power generation market  size is estimated to grow by USD 3.15 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.8%  during the forecast period. Aggressive policies supporting growth of renewable power generation is driving market growth, with a trend towards inception of new business models of automation solutions. However, cost challenges due to retrofitting automation solutions in conventional devices and machines  poses a challenge.Key market players include ABB Ltd., Beckhoff Automation, Bosch Rexroth AG, Delta Electronics Inc., Eaton Corp plc, Emerson Electric Co., Fuji Electric Co. Ltd., GE Grid Solutions, Hitachi Energy Ltd., Honeywell International Inc., Intel Corp., Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Power Co. Ltd., Toshiba Corp., and Yokogawa Electric Corp..

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