Market Overview:
The global wind turbine operations and maintenance market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and rising concerns about climate change. In addition, government initiatives and subsidies for installation of wind turbines are also contributing to the growth of this market. The global wind turbine operations and maintenance market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into wind turbine operations and wind turbine maintenance. Wind turbine operation includes activities such as inspecting turbines for damage or wear; cleaning blades or other surfaces; checking electrical systems; lubricating parts; adjusting brakes; monitoring performance data etc., while Wind Turbine Maintenance includes activities such as replacing worn-out components ;inspecting gearboxes ,generators etc.; repairing faults ; flushing bearings with oil etc .Onshore applications account for a majority share in terms of revenue in this market followed by offshore applications .
Product Definition:
The definition of Wind Turbine Operations & Maintenance is the process of keeping wind turbines running smoothly and efficiently. This includes inspecting and repairing any damage, cleaning or replacing parts as needed, and making sure all systems are working properly. The importance of Wind Turbine Operations & Maintenance is that it helps ensure that the turbines are running safely and efficiently, which in turn helps to produce more renewable energy.
Wind Turbine Operations:
A wind turbine is a device that aids in converting the kinetic energy of wind into usable power. Wind turbines are used for electricity generation in both commercial and residential applications. The modern industrial revolution has led to an increase in the adoption of renewable sources of energy such as solar, wind, geothermal among others which have resulted in decreasing fossil fuel consumption.
Wind Turbine Maintenance:
Wind turbine maintenance is the process of periodic inspection and repair to ensure that turbines are operating at maximum efficiency. Maintenance helps in reducing the overall power loss during operations of a wind farm. It comprises of services such as lubrication, cleaning, and replacement of blades among others.
Maintenance plays an important role in ensuring long-term reliability and savings on energy costs for a wind farm by keeping it optimized throughout its lifecycle.
Application Insights:
Onshore was the largest application segment in 2017, accounting for over 91% of total wind turbine installations. The segment is expected to continue its dominance over the forecast period. Factors such as easy access to power networks and lower installation costs have led to an increased number of onshore projects across the globe.
The offshore application segment is projected witness significant growth during the forecast period owing to rising government support for renewable energy sources including wind turbines along with improving infrastructure at sea level that supports large-scale offshore projects. The development of improved deepwater technologies has also supported larger turbines in deeper waters; this trend is expected to continue over the next eight years or so, driving demand for O&M services globally.
Growing demand from industrial applications such as petroleum.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to growing wind energy capacity and turbine operations. In addition, technological advancements coupled with a well-established oil & gas sector are anticipated to provide growth opportunities for the MWTOAM market in North America.
The Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to increasing government support and rising awareness among end users regarding renewable energy sources as an alternative power source. China has set a target of installing 20 GW worth of wind power by 2020 which would represent about half of its current total installed capacity (40 GW). This scenario will enable Chinese manufacturers, who currently dominate global markets, compete with their offshore turbine counterparts based in Europe and North America on cost basis due to local availability of components & labor at lower costs than major offshore manufacturing centers such as Germany or U.S.
Growth Factors:
- Increasing demand for wind energy due to its environmental benefits over other forms of energy generation
- Government initiatives and subsidies for installation of wind turbines to promote renewable energy
- Technological advancements in wind turbine design and operations that improve efficiency and reduce costs
- Growing number of independent operators providing Wind Turbine Operations & Maintenance services worldwide
- Increased focus on preventive maintenance to optimize performance and extend the life of wind turbines
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Operations & Maintenance Market Research Report
By Type
Wind Turbine Operations, Wind Turbine Maintenance
By Application
Onshore, Offshore
By Companies
GE Power, Vestas Wind Systems, Nordex SE, Siemens(Gamesa), Siemens AG, One Wind Service, Suzlon, B9 Energy, Wind Prospect Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Operations & Maintenance Market Report Segments:
The global Wind Turbine Operations & Maintenance market is segmented on the basis of:
Types
Wind Turbine Operations, Wind Turbine Maintenance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Power
- Vestas Wind Systems
- Nordex SE
- Siemens(Gamesa)
- Siemens AG
- One Wind Service
- Suzlon
- B9 Energy
- Wind Prospect Group
Highlights of The Wind Turbine Operations & Maintenance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wind Turbine Operations
- Wind Turbine Maintenance
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wind Turbine Operations & Maintenance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wind turbine operations and maintenance is the process of maintaining a wind turbine system. This includes everything from inspecting and maintaining the blades to ensuring that the turbines are in proper working order.
Some of the key players operating in the wind turbine operations & maintenance market are GE Power, Vestas Wind Systems, Nordex SE, Siemens(Gamesa), Siemens AG, One Wind Service, Suzlon, B9 Energy, Wind Prospect Group.
The wind turbine operations & maintenance market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Operations & Maintenance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wind Turbine Operations & Maintenance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Operations & Maintenance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wind Turbine Operations & Maintenance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wind Turbine Operations & Maintenance Market Size & Forecast, 2018-2028
4.5.1 Wind Turbine Operations & Maintenance Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Operations & Maintenance Market Absolute $ Opportunity
Chapter 5 Global Wind Turbine Operations & Maintenance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wind Turbine Operations & Maintenance Market Size Forecast by Type
5.2.1 Wind Turbine Operations
5.2.2 Wind Turbine Maintenance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wind Turbine Operations & Maintenance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wind Turbine Operations & Maintenance Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Operations & Maintenance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wind Turbine Operations & Maintenance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wind Turbine Operations & Maintenance Analysis and Forecast
9.1 Introduction
9.2 North America Wind Turbine Operations & Maintenance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wind Turbine Operations & Maintenance Market Size Forecast by Type
9.6.1 Wind Turbine Operations
9.6.2 Wind Turbine Maintenance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wind Turbine Operations & Maintenance Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wind Turbine Operations & Maintenance Analysis and Forecast
10.1 Introduction
10.2 Europe Wind Turbine Operations & Maintenance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wind Turbine Operations & Maintenance Market Size Forecast by Type
10.6.1 Wind Turbine Operations
10.6.2 Wind Turbine Maintenance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wind Turbine Operations & Maintenance Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wind Turbine Operations & Maintenance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wind Turbine Operations & Maintenance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wind Turbine Operations & Maintenance Market Size Forecast by Type
11.6.1 Wind Turbine Operations
11.6.2 Wind Turbine Maintenance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wind Turbine Operations & Maintenance Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wind Turbine Operations & Maintenance Analysis and Forecast
12.1 Introduction
12.2 Latin America Wind Turbine Operations & Maintenance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wind Turbine Operations & Maintenance Market Size Forecast by Type
12.6.1 Wind Turbine Operations
12.6.2 Wind Turbine Maintenance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wind Turbine Operations & Maintenance Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wind Turbine Operations & Maintenance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wind Turbine Operations & Maintenance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wind Turbine Operations & Maintenance Market Size Forecast by Type
13.6.1 Wind Turbine Operations
13.6.2 Wind Turbine Maintenance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wind Turbine Operations & Maintenance Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wind Turbine Operations & Maintenance Market: Competitive Dashboard
14.2 Global Wind Turbine Operations & Maintenance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Power
14.3.2 Vestas Wind Systems
14.3.3 Nordex SE
14.3.4 Siemens(Gamesa)
14.3.5 Siemens AG
14.3.6 One Wind Service
14.3.7 Suzlon
14.3.8 B9 Energy
14.3.9 Wind Prospect Group
