The global WindTurbine Operations & Maintenance Market is expected to reach USD 20.3 billion
by 2025, according to a new report by Grand View Research, Inc. Rising focus to
minimize environmental impact in the power generation industry, has fueled the
wind energy market. Exponential rise in wind turbine installation across the
globe, especially in Asia Pacific, Europe, and North America is expected to
have a positive impact on the industry over the forecast period.
Various
components such as blades, gearbox, rotors, generator, yaw, and hydraulic pumps
are susceptible to failure and require regular condition monitoring to avoid
breakdown. Effective maintenance at regular interval helps to decrease failure
rate and thus increases the operational efficiency by reducing downtime. Focus
to establish cost effective operations & maintenance is expected to fuel
industry growth over the next nine years.
Onshore
accounted for the largest share of the global market in 2016 and this trend is
expected to continue over the forecast period. However, offshore installation
is estimated to increase at an unmatched rate, owing to favorable governmental
initiatives in China, UK, Germany, Netherlands, Denmark, Japan, and South
Korea. This in turn, is predicted to drive the offshore market segment over the
next nine years.
Europe
held the largest share in 2016, owing to significant installation in countries
such as Germany, France, Italy, Spain, Denmark, Netherlands, Belgium, and
Sweden. Asia Pacific is expected to grow at a promising rate over the forecast
period. The region is estimated to dominate the global market in 2025. Latin
America and Middle East & Africa are predicted to create lucrative
opportunities over the forecast period.
Full Research
Report On wind turbine operations & maintenance
market Analysis:
www.grandviewresearch.com/industry-analysis/wind-turbine-operations-maintenance-market
www.grandviewresearch.com/industry-analysis/wind-turbine-operations-maintenance-market
Further key findings from the report
suggest:
·
The global wind turbine
operations & maintenance market was valued at USD 8.08 billion in 2016 and
is expected to witness rapid growth from 2017 to 2025 owing to increasing
capacity installation across the globe
·
Supportive policies to boost
the renewable energy sector was one of the key drivers for market growth over
the past few years
·
Global annual installed
capacity increased from 39.06 GW in 2010 to 54.60 GW in 2016. China, the U.S.,
Germany, India, Brazil, France, Turkey, and the Netherlands were the major
contributors for the growth in annual installation.
·
Onshore wind turbine operations
& maintenance market held an unassailable share of the overall industry
revenues and is estimated to reach over USD 18 billion by 2025
·
Offshore application segment of
the market is expected to rise at a growth rate of 15.2% from 2017 to 2025,
owing to the increasing demand as a result of higher energy output
·
Asia Pacific is projected to
witness significant growth over the forecast period and surpass Europe in terms
of market share of the global market by 2025, owing to increasing capacity
installations and rising demand from the rapidly-growing population
·
Latin America and Middle East &
Africa are projected to experience exceptional growth over the forecast period,
owing to robust increase in capacity installations
·
Key players include Siemens
Wind Power GmbH, Suzlon Group, GE Wind Turbine, Enercon GmbH, and Gamesa
Corporation. The companies are focusing on extending their services in remote
location through implementation of advanced technology
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/renewable-energy
Grand View Research has
segmented the global wind turbine operations & maintenance market on the
basis of application and region:
Wind
Turbine Operations & Maintenance Application Outlook (Revenue, USD Million,
2014 - 2025)
·
Onshore
·
Offshore
Wind
Turbine Operations & Maintenance Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
Denmark
o
France
o
Netherlands
o
Poland
o
Portugal
o
Spain
o
Sweden
o
UK
o
Ireland
o
Italy
o
Belgium
·
Asia Pacific
o
Australia
o
China
o
India
o
Japan
o
New Zealand
o
South Korea
·
Central & South America
o
Argentina
o
Brazil
·
Middle East & Africa
o
South Africa
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-wind-turbine-operations-maintenance-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com
