Global wind turbine operations and maintenance market expected to generate around USD 21 billion by 2025, at a CAGR of around 8.54% between 2019 and 2025. Wind power is an alternative energy source that is generated from the wind flow or air currents with the help of a wind turbine.
The report covers a forecast and an analysis of the wind turbine operations and maintenance market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the wind turbine operations and maintenance market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the wind turbine operations and maintenance market on a global level.
In order to give the users of this report a comprehensive view of the wind turbine operations and maintenance market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to region.
The study provides a decisive view of the wind turbine operations and maintenance market by segmenting the market based on application and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players involved in the global wind turbine operations and maintenance market are Gamesa Corporation, GE Wind Turbine, Siemens Wind Power GmbH, Suzlon Group, Nordex SE, UpWind Solutions Inc., Xinjiang Goldwind Science & Technology, Enercon GmbH, and Vestas Wind Systems A/S.
This report segments the global wind turbine operations and maintenance market into:
Global Wind Turbine Operations and Maintenance Market: Application Analysis
Global Wind Turbine Operations and Maintenance Market: Regional Analysis
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List of Figures
1. Market research process
2. Market research methodology
3. Global Wind Turbine Operations and Maintenance market revenue, 2016–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Wind Turbine Operations and Maintenance market attractiveness analysis, by Application
6. Wind Turbine Operations and Maintenance market: market attractiveness analysis, by region
7. Company market share analysis, 2018
8. Global Wind Turbine Operations and Maintenance market revenue share by Application, 2018 and 2025
9. Global Wind Turbine Operations and Maintenance market for Offshore, 2016–2025 (USD Billion)
10. Global Wind Turbine Operations and Maintenance market for Onshore, 2016–2025 (USD Billion)
List of Tables
1. Wind Turbine Operations and Maintenance market: market snapshot
2. Drivers of global Wind Turbine Operations and Maintenance market: impact analysis
3. Restraints of global Wind Turbine Operations and Maintenance market: impact analysis
4. North America Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
5. The U.S. Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
6. Canada Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
7. Mexico Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
8. Europe Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
9. UK Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
10. Germany Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
11. France Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
12. Spain Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
13. Russia Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
14. Italy Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
15. Asia Pacific Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
16. China Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
17. Japan Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
18. India Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
19. Southeast Asia Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
20. South Korea Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
21. Australia Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
22. Latin America Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
23. Brazil Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
24. The Middle East and Africa Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
25. GCC Countries Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
26. South Africa Wind Turbine Operations and Maintenance market revenue, by Application, 2016–2025 (USD Billion)
Wind energy is a renewable form of energy that is available in abundance on the earth’s surface. Basically, wind energy is nothing but the conversion of wind flow into any useful form of energy, for example, water pumping, power production through turbines, and windmills for mechanical energy. Wind power is an alternative energy source that is generated from the wind flow or air currents with the help of a wind turbine. The purpose of a wind turbine is to gather kinetic energy and convert it into electrical energy or electricity for industrial, residential, and commercial uses. Wind energy is a clean source of energy as it does not emit carbon dioxide and harmful gases. Wind energy is classified into onshore wind energy and offshore wind energy. Onshore wind energy is generated by erecting wind turbines on land, whereas offshore wind energy is generated by erecting wind turbines in seas or oceans on a foundation/platform.
Over the last few years, there has been a significant rise in the number of offshore exploration and production activities, which is fuelling the wind turbine installations in offshore areas globally. This, in turn, will propel the global wind turbine operations and maintenance market development in the upcoming years. In addition, the average shelf life of a wind turbine is 20 to 25 years. Thus, old wind turbines installed before 2000 needs maintenance and repair. Nevertheless, all wind turbines require proper maintenance after 10 years of their utilization. This is another primary factor that will enhance the global wind turbine operations and maintenance market growth over the forecast timeline. The rising number of offshore wind power projects across the world is playing a crucial role in the global wind turbine operations and maintenance market. Supportive government policies and initiatives toward adopting renewable energy resources are projected to positively impact the market over the forecast timeframe. However, high maintenance costs may hamper this market’s future.
Based on application, the global wind turbine operations and maintenance market include onshore and offshore.
Europe held a significant share of the global wind turbine operations and maintenance market in 2018 and is projected to dominate over the forecast time period. This regional growth can be attributed to an increased number of offshore installation activities across the region. The demand for offshore wind turbine operation and maintenance services is fuelled by the rising number of offshore wind farms. Moreover, UK has the highest offshore capacity in the entire European region, which will also boost this regional market’s growth in the future. North America is predicted to provide significant opportunities for the global wind turbine operations and maintenance market in the years ahead, owing to the presence of a large number of organizations and private investors as owners of wind farms across the region.
Some key players involved in the global wind turbine operations and maintenance market are Gamesa Corporation, GE Wind Turbine, Siemens Wind Power GmbH, Suzlon Group, Nordex SE, UpWind Solutions Inc., Xinjiang Goldwind Science & Technology, Enercon GmbH, and Vestas Wind Systems A/S.
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