Technological advancements in wind power mechanisms will negatively impact upon the wind energy operations and maintenance market, but will improve renewable energy generation. Mechanical developments will allow wind farms to run far more efficiently, increasing profits and helping the environment once initial investments are made to upgrade aging turbines. The global wind energy operation and maintenance (O&M) market is currently being driven by an increasing numbers of installations backed by financial incentives, capital subsidies and tax rebates, the component failure rates of turbines, and the aging nature of the majority of wind turbines in operation. However, upcoming technological innovations in wind farm components are expected to cause reductions in O&M revenue during the long-term future, as improved efficiency of wind power systems will decrease risks of breakage.
Europe represents the largest global O&M market, gaining estimated market revenue of $2.8 billion in 2011. As one of the first large-scale installers of wind turbines, the region is also the largest market for wind energy O&M, with a substantial number of ageing wind turbines requiring regular repair and maintenance. During 2011, the US also contained around $40 billion of wind installations that were out of warranty, providing another huge market opportunity for maintenance. Direct Drive Train (DDT) technology eliminates the need for a gearbox in wind turbines, which represents one of the major causes of breakdowns, as seen in the negative publicity generated around recent gearbox failures in the UK’s offshore Kentish Flats wind farm and Lackawanna wind farm in the US.
GBI Research’s report “Wind Energy Maintenance Market to 2020 – Growth Driven by Increasing Competition between OEMs and ISPs in the Post-Warranty Maintenance Segment” which provides an in-depth analysis of the wind energy maintenance market in the Asia Pacific region, Europe, North America, South and Central America, the Middle East and Africa, with forecasts to 2020. The research analyzes the market revenue of the wind Operations & Maintenance (O&M) market in 16 countries and provides a detailed analysis of the share of wind energy O&M market revenue from 2005 to 2011 by market segment, region, company type and maintenance type. The report also provides information on O&M market demand by estimating wind turbines (in Megawatts (MW)) which are out of warranty (for 2011 to 2020), the number of blade repairs (in units) and the gearbox refurbishment market (in units) for the period 2011 to 2020. It also covers key market trends, drivers and restraints, technology analysis and detailed analysis of key companies.
• The global wind O&M market analysis segmented into four regions: Asia Pacific, Europe, North America and South and Central America
• Details of the 16 wind O&M markets covered under five global regions: China, India, Japan, Australia, New Zealand, The United Kingdom, Germany, Spain, France, Italy, Poland, Turkey, The United States, Canada, Brazil and Mexico
• Historical and forecast data for the wind O&M market’s revenue, divided into the onshore and offshore wind O&M market from 2005 to 2020
• Detailed analysis of the O&M demand by estimating wind turbines (in MW) which are out of warranty in the period 2011 to 2020, the number of blade repairs (in units) during 2011 to 2020, and the gearbox refurbishment market (in units) during 2011 to 2020
• Key drivers and restraints impacting the global wind energy O&M market
• Key trends in global wind energy O&M market
• Technology analysis of wind energy O&M market
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