The wind turbine O&M market has been segmented on the basis of application and geography. The regional segment has been described separately for onshore and offshore wind turbine O&M market.
Albany, NY -- (SBWIRE) -- 09/20/2017 -- Wind turbine operations and maintenance (O&M) service providers are involved in the operation, maintenance, troubleshooting, and repair of wind turbines installed at offshore wind farms. Wind turbine O&M services also constitute scheduled maintenance, unscheduled maintenance, remote monitoring, and asset administration. Some of the major breakdown-prone components of wind turbines include gear boxes, generators, rotor blades, drive trains, and brakes. While selecting an O&M approach, independent service providers (ISPs), wind turbine manufacturers (OEMs), and in-house O&M teams have emerged in the sector. Wind farms have been broadly classified into onshore and offshore wind farms on the basis of the location or the area of installation of wind turbines. Generally, downtime caused due to wind turbine component failure is more at offshore wind farms as compared to onshore wind farms owing to the harsher weather conditions and logistical hurdles.
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The wind turbine O&M market has been segmented on the basis of application and geography. Based on application, the market has been segmented into onshore and offshore. Global wind turbine O&M market has been described separately for onshore and offshore wind turbine O&M market. Onshore wind turbine O&M accounted for 93.98% of the global wind turbine O&M market in 2014.
In terms of geography, the wind turbine O&M market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World. Europe was the largest market for wind O&M, accounting for 40.55% of the global market in 2014. Rapidly increasing installation of wind turbines and favorable regulations are the major drivers of the wind turbine O&M market in Europe. Asia Pacific was the second-largest market for wind turbine operations and maintenance in 2014. China, Japan, and India are some of the largest countries in cumulative installations in the region. North America was the third-largest market for wind turbine O&M in terms of market share in 2014. The market in Rest of the World is expected to witness significant growth in the near future due to developing renewable energy policies.
This research study analyzes the market for wind turbine operation and maintenance (O&M) in terms of revenue (US$ Mn). The wind turbine O&M market has been segmented on the basis of application and geography. The regional segment has been described separately for onshore and offshore wind turbine O&M market. Regional segment of onshore wind turbine O&M market is further divided into 37 sub-segments that comprise 33 countries, which are major players in the global wind turbine O&M market. Regional segment of offshore wind turbine O&M market is further divided into 12 sub-segments that comprise nine countries. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the wind turbine operation and maintenance market.
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The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global wind turbine O&M market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive industry analysis of the global wind turbine O&M market with the help of Porter's Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the global wind turbine O&M market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. The high-level analysis in the report provides detailed insights into the wind turbine O&M business globally. There are currently numerous drivers of the market. Some of the most prominent drivers are increasing number of aging turbines and the rising number of gearbox and generator assembly failures.
The wind turbine O&M market was segmented on the basis of application (onshore and offshore). Some of the key players in the global wind turbine O&M market are Gamesa Corporación Tecnológica, Enercon GmbH, GE Wind Turbine, Nordex SE, Xinjiang Goldwind Science & Technologies, Co. Ltd., Vestas Wind Systems A/S, Siemens Wind Power GmbH, Suzlon Group, Guodian United Power Technology Company Ltd., and Upwind Solutions, Inc.
Wind Turbine Operation and Maintenance Market: By Application
Onshore Wind Turbine Operation and Maintenance Market: By Region
Rest of Europe
Rest of Asia Pacific
Rest of the World
Offshore Wind Turbine Operation and Maintenance Market: By Region
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of the World
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