The key wind O&M growth markets will be the U.S. and China, according to the report, where new wind energy capacity is expected to grow in the next five years. Also, Europe will continue to have a strong wind O&M market for its aging wind turbines. The report also states the global wind O&M market is estimated to reach $10.6 billion in 2016. For the next five years, the market is expected to grow 16.6% per year.
Wind energy is a rapidly growing market segment of the composites industry representing the fastest growing energy sector. This has spawned the growing interest and need for operation and maintenance services for wind turbines. The market for wind operation and maintenance service has been dominated by the OEMs. However as the market matures and the demand for after-market services outpaces supply, we foresee a strong shift towards third-party contracting by OEMs and the growth of the Independent Service Providers (ISP) market. A report by Lucintel, an Texas-based management, consulting, and research firm, presents an analysis of the global and regional wind O&M markets, as well as market size by the main components: gearbox, generators, and wind blades, which constitute almost 84% of all wind O&M costs.
The key wind O&M growth markets will be the U.S. and China, according to the report, where new wind energy capacity is expected to grow in the next five years. Also, Europe will continue to have a strong wind O&M market for its aging wind turbines. The report also states the global wind O&M market is estimated to reach $10.6 billion in 2016. For the next five years, the market is expected to grow 16.6% per year.
The report also discusses:
-The wind O&M market size estimates 2005-2010 and forecasts of the market from 2011-2016
-The wind O&M current market, trends, and forecast by the key regions of North America (NA as a whole and USA Market), Europe (EU as a whole), Asia Pacific (APAC as a whole, China, and India Market), and Rest of the World
-Wind O&M current market, trend, and forecast by type of services (Operations and Maintenance)
-Wind O&M current market by type of service providers (OEMs, ISPs and in-house services)
-Typical wind O&M activities for Component 1, Component 2 and Component 3
-Market outlook and insights that will help develop competitive business strategies
-Challenges and opportunities for OEMs, ISPs and in-house services
-Future needs of the O&M industry
-Strategic recommendations for each type of service provider business model
Filed Under: O&M
