Renewable energy forecasting services are specialized solutions that provide accurate predictions of the electricity generation from renewable energy sources, such as wind, solar, hydro, and other renewable technologies. These services use advanced meteorological data, historical performance data, and predictive modeling techniques to forecast the expected output of renewable energy systems. The primary purpose of these forecasting services is to assist grid operators, utilities, and renewable energy project operators in effectively managing and integrating variable renewable energy sources into the power grid.
Key aspects of renewable energy forecasting services include:
Data Integration: These services integrate a wide range of data sources, including real-time weather data, historical energy production data, and data from renewable energy assets. This data is used to make accurate forecasts of renewable energy generation.
Meteorological Data: Accurate meteorological data, such as wind speed, solar radiation, temperature, and other weather-related parameters, is a fundamental component of renewable energy forecasting.
Short-Term and Long-Term Forecasting: These services offer forecasts at different time horizons, including short-term forecasts (hours or minutes ahead) and long-term forecasts (several days or weeks ahead).
Machine Learning and Models: Advanced forecasting models, machine learning algorithms, and statistical techniques are used to analyze historical data and predict future renewable energy generation.
Renewable energy forecasting services are vital for the efficient and reliable integration of renewable energy into the power grid. They help utilities, grid operators, and renewable energy project developers optimize their operations, improve grid reliability, and reduce greenhouse gas emissions by efficiently utilizing clean energy resources. Accurate forecasts are essential for planning and managing the dynamic nature of renewable energy generation.
The global Renewable Energy Forecasting Services market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Renewable Energy Forecasting Services is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Renewable Energy Forecasting Services is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Renewable Energy Forecasting Services in Energy Providers is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Renewable Energy Forecasting Services include IBM, Vaisala, DTU Wind Energy, NREL, NRG Systems, Reuniwatt, Deutscher Wetterdienst, AccuWeather and Weathernews, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Renewable Energy Forecasting Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Renewable Energy Forecasting Services.
Report Scope
The Renewable Energy Forecasting Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Renewable Energy Forecasting Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Renewable Energy Forecasting Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
IBM
Vaisala
DTU Wind Energy
NREL
NRG Systems
Reuniwatt
Deutscher Wetterdienst
AccuWeather
Weathernews
Aphelion
Energy Meteo Systems
Segment by Type
Short-term Forecasts (A Few Hours Ahead)
Longer-term Forecasts (Several Days Ahead)
Segment by Application
Energy Providers
Power Traders
Grid Operators
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Renewable Energy Forecasting Services companies鈥� competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Renewable Energy Forecasting Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Short-term Forecasts (A Few Hours Ahead)
1.2.3 Longer-term Forecasts (Several Days Ahead)
1.3 Market by Application
1.3.1 Global Renewable Energy Forecasting Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Energy Providers
1.3.3 Power Traders
1.3.4 Grid Operators
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Renewable Energy Forecasting Services Market Perspective (2019-2030)
2.2 Renewable Energy Forecasting Services Growth Trends by Region
2.2.1 Global Renewable Energy Forecasting Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Renewable Energy Forecasting Services Historic Market Size by Region (2019-2024)
2.2.3 Renewable Energy Forecasting Services Forecasted Market Size by Region (2025-2030)
2.3 Renewable Energy Forecasting Services Market Dynamics
2.3.1 Renewable Energy Forecasting Services Industry Trends
2.3.2 Renewable Energy Forecasting Services Market Drivers
2.3.3 Renewable Energy Forecasting Services Market Challenges
2.3.4 Renewable Energy Forecasting Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Renewable Energy Forecasting Services Players by Revenue
3.1.1 Global Top Renewable Energy Forecasting Services Players by Revenue (2019-2024)
3.1.2 Global Renewable Energy Forecasting Services Revenue Market Share by Players (2019-2024)
3.2 Global Renewable Energy Forecasting Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Renewable Energy Forecasting Services Revenue
3.4 Global Renewable Energy Forecasting Services Market Concentration Ratio
3.4.1 Global Renewable Energy Forecasting Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Renewable Energy Forecasting Services Revenue in 2023
3.5 Renewable Energy Forecasting Services Key Players Head office and Area Served
3.6 Key Players Renewable Energy Forecasting Services Product Solution and Service
3.7 Date of Enter into Renewable Energy Forecasting Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Renewable Energy Forecasting Services Breakdown Data by Type
4.1 Global Renewable Energy Forecasting Services Historic Market Size by Type (2019-2024)
4.2 Global Renewable Energy Forecasting Services Forecasted Market Size by Type (2025-2030)
5 Renewable Energy Forecasting Services Breakdown Data by Application
5.1 Global Renewable Energy Forecasting Services Historic Market Size by Application (2019-2024)
5.2 Global Renewable Energy Forecasting Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Renewable Energy Forecasting Services Market Size (2019-2030)
6.2 North America Renewable Energy Forecasting Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Renewable Energy Forecasting Services Market Size by Country (2019-2024)
6.4 North America Renewable Energy Forecasting Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Renewable Energy Forecasting Services Market Size (2019-2030)
7.2 Europe Renewable Energy Forecasting Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Renewable Energy Forecasting Services Market Size by Country (2019-2024)
7.4 Europe Renewable Energy Forecasting Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Renewable Energy Forecasting Services Market Size (2019-2030)
8.2 Asia-Pacific Renewable Energy Forecasting Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Renewable Energy Forecasting Services Market Size by Region (2019-2024)
8.4 Asia-Pacific Renewable Energy Forecasting Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Renewable Energy Forecasting Services Market Size (2019-2030)
9.2 Latin America Renewable Energy Forecasting Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Renewable Energy Forecasting Services Market Size by Country (2019-2024)
9.4 Latin America Renewable Energy Forecasting Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Renewable Energy Forecasting Services Market Size (2019-2030)
10.2 Middle East & Africa Renewable Energy Forecasting Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Renewable Energy Forecasting Services Market Size by Country (2019-2024)
10.4 Middle East & Africa Renewable Energy Forecasting Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 IBM
11.1.1 IBM Company Detail
11.1.2 IBM Business Overview
11.1.3 IBM Renewable Energy Forecasting Services Introduction
11.1.4 IBM Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.1.5 IBM Recent Development
11.2 Vaisala
11.2.1 Vaisala Company Detail
11.2.2 Vaisala Business Overview
11.2.3 Vaisala Renewable Energy Forecasting Services Introduction
11.2.4 Vaisala Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.2.5 Vaisala Recent Development
11.3 DTU Wind Energy
11.3.1 DTU Wind Energy Company Detail
11.3.2 DTU Wind Energy Business Overview
11.3.3 DTU Wind Energy Renewable Energy Forecasting Services Introduction
11.3.4 DTU Wind Energy Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.3.5 DTU Wind Energy Recent Development
11.4 NREL
11.4.1 NREL Company Detail
11.4.2 NREL Business Overview
11.4.3 NREL Renewable Energy Forecasting Services Introduction
11.4.4 NREL Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.4.5 NREL Recent Development
11.5 NRG Systems
11.5.1 NRG Systems Company Detail
11.5.2 NRG Systems Business Overview
11.5.3 NRG Systems Renewable Energy Forecasting Services Introduction
11.5.4 NRG Systems Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.5.5 NRG Systems Recent Development
11.6 Reuniwatt
11.6.1 Reuniwatt Company Detail
11.6.2 Reuniwatt Business Overview
11.6.3 Reuniwatt Renewable Energy Forecasting Services Introduction
11.6.4 Reuniwatt Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.6.5 Reuniwatt Recent Development
11.7 Deutscher Wetterdienst
11.7.1 Deutscher Wetterdienst Company Detail
11.7.2 Deutscher Wetterdienst Business Overview
11.7.3 Deutscher Wetterdienst Renewable Energy Forecasting Services Introduction
11.7.4 Deutscher Wetterdienst Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.7.5 Deutscher Wetterdienst Recent Development
11.8 AccuWeather
11.8.1 AccuWeather Company Detail
11.8.2 AccuWeather Business Overview
11.8.3 AccuWeather Renewable Energy Forecasting Services Introduction
11.8.4 AccuWeather Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.8.5 AccuWeather Recent Development
11.9 Weathernews
11.9.1 Weathernews Company Detail
11.9.2 Weathernews Business Overview
11.9.3 Weathernews Renewable Energy Forecasting Services Introduction
11.9.4 Weathernews Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.9.5 Weathernews Recent Development
11.10 Aphelion
11.10.1 Aphelion Company Detail
11.10.2 Aphelion Business Overview
11.10.3 Aphelion Renewable Energy Forecasting Services Introduction
11.10.4 Aphelion Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.10.5 Aphelion Recent Development
11.11 Energy Meteo Systems
11.11.1 Energy Meteo Systems Company Detail
11.11.2 Energy Meteo Systems Business Overview
11.11.3 Energy Meteo Systems Renewable Energy Forecasting Services Introduction
11.11.4 Energy Meteo Systems Revenue in Renewable Energy Forecasting Services Business (2019-2024)
11.11.5 Energy Meteo Systems Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
IBM
Vaisala
DTU Wind Energy
NREL
NRG Systems
Reuniwatt
Deutscher Wetterdienst
AccuWeather
Weathernews
Aphelion
Energy Meteo Systems
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*If Applicable.