Transparency Market Research has released a new
market report titled Wind Turbine Operations and Maintenance Market -
Global Industry Analysis, Size, Share, Growth Trends and Forecast
2015 - 2023. The report defines and segments the wind turbine O&M
market, providing analysis and forecasts of the global revenue.
According to the report, the global wind turbine O&M market stood
at US$9.3 bn in 2014 and is likely to reach US$20.6 bn by 2023,
expanding at a CAGR of 8.8% between 2015 and 2023.
Wind turbine O&M
services include operations, maintenance, asset administration,
remote monitoring, and repair of wind turbines installed at wind
farms. Wind turbine O&M services can be scheduled maintenance
services or unscheduled maintenance services. Scheduled maintenance
services are carried out at regular intervals. Unscheduled
maintenance services are carried out in event of sudden breakdown of
a wind turbine or its components.
This 132 page report gives readers a
comprehensive overview of the Wind Turbine Operations and Maintenance
market. Browse Market Research Report @
Different components
of a wind turbine such as gearbox, rotor blade, generator, inverter,
brake, and tower require regular maintenance to operate efficiently.
Gearbox assembly, rotor blades, and brakes are some of the components
which are more susceptible to breakdown and require monitoring and
maintenance at regular intervals.
The global wind turbine O&M market has been
segmented on the basis of application into onshore wind turbine O&M
and offshore wind turbine O&M. Onshore wind turbine O&M was
the largest application segment of the global wind turbine O&M
market, accounting for more than 90% of the market share in 2014.
However, demand for offshore wind turbine O&M services has been
increasing owing to rising number of offshore wind farms and the
complexity involved in servicing offshore wind turbines.
Increasing number of aging wind turbines, and
rising number of gearbox failures and generator assembly failures
have augmented the global wind turbine O&M market. Additionally,
increased presence of financial institutions and private investors as
owners of wind farms has boosted the demand for wind turbine O&M
services. Moreover, growing share of offshore turbines in the wind
energy mix has also boosted the demand for wind turbine O&M
services. Increased cost of logistics and lack of skilled workforce
are anticipated to hamper the global wind turbine O&M market in
the near future.
In terms of geography, the global market for wind
turbine O&M has been segmented into North America, Europe, Asia
Pacific, and Rest of World (RoW). Europe accounted for around 40% of
the global wind turbine O&M market share in 2014. However, the
wind turbine O&M market in RoW is anticipated to grow at the
fastest rate during the forecast period. Asia Pacific is anticipated
to be the second-fastest growing market for wind turbine O&M
during the forecast period. Some of the leading companies in the
global wind turbine O&M market include Enercon GmbH, Gamesa
Corporación Tecnológica, GE Wind Energy, Nordex SE, Xinjiang
Goldwind Science & Technology Co. Ltd., Vestas Wind Systems A/S,
Siemens Wind Power GmbH, Suzlon Group, Guodian United Power
Technology Company Ltd., and UpWind Solutions Inc.
Get accurate market forecast and analysis on
the Wind Turbine Operations and Maintenance market. Request a sample
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The report provides an
overview of these companies, followed by their financial revenues (on
availability), business strategies, and recent developments. The
global wind turbine O&M market has been segmented as follows:
Global Wind Turbine Operation and Maintenance
Market: By Application
- Onshore
- Offshore
Global Wind Turbine Operation and Maintenance
Market: By Region
- North America
- Europe
- Asia Pacific
- Rest of World (RoW)
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