DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Operations and Maintenance Market Analysis By Application (Onshore and Offshore), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
The global wind turbine operations & maintenance market is expected to reach USD 20.3 billion by 2025
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 none 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.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Wind Turbine Operations & Maintenance Market Variables, Trends & Scope
4. Wind Turbine Operations & Maintenance Market: Application Estimates & Trend Analysis
5. Wind Turbine Operations & Maintenance Market: Regional Estimates & Trend Analysis
6. Competitive Landscape
7. Company Profiles
- Enercon GmbH
- Gamesa Corporación Tecnológica
- 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.
- Upwind Solutions, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/pb7wd3/wind_turbine