The report segments the global wind energy equipment logistics market by transportation mode, including road, sea, rail, and air and by geography, including the Americas, EMEA, and APAC. It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global wind energy equipment logistics market, according to Technavio transportation and logistics researchers:
- Growing global oversized cargo transportation market: a major market driver
- Increasing long-term revenues driven by long-term agreements in wind energy projects: emerging market trend
- APAC dominated the global wind energy equipment logistics market with 41% share in 2017
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Growing global oversized cargo transportation market: a major market driver
The developing and emerging economies such as the US, China, and India are observing an increase in industrial production and international trade, hence generating demand for logistics for domestic and overseas transportation. The demand for oversized cargo transportation is growing due to the increased capacity of industries such as heavy equipment manufacturing, mining, construction, oil and gas, and renewable energy. These developments are expected to drive the global oversized cargo transportation market, which in turn, will drive the global wind energy equipment logistics market over the forecast period.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Increasing long-term revenues driven by long-term agreements in wind energy projects: emerging market trend
Wind energy farms fall under government premises and state department of energy. Wind energy projects are highly capital intensive and contribute to the country’s economy. Such projects are on contract basis, as many parties such as EPC, logistics and transportation, and utility companies are engaged for a long-term. Wind energy capacity is majorly owned by IPP (Independent Power producer) when compared with other parties such as investor-owned utilities and publicly-owned utilities. The duration of the contract provides a source of long-term revenue to all the parties involved in the project.
According to a senior analyst at Technavio for research on logistics, “Logistics services support wind energy projects by providing transportation and supply chain management services. For timely completion of the projects, efficient supply chain management and route planning are necessary. Logistics and transportation services account for 9%-11% of the cost of a wind project. During the forecast period, the increase in the number of new projects and contracts on wind energy is expected to generate revenue for the logistics industry.”
Global market opportunities
In terms of regional dominance, APAC led the global wind energy equipment logistics market, followed by the Americas and EMEA in 2017. In APAC, China's dominance in wind power installation is driving the market in this region. Countries such as the US, Germany, and India are the leading countries in wind power installations. Factors such as increasing demand for offshore energy and growing consolidations in the shipping industry are generating revenue for logistics companies, as market players are using multimodal transportation to optimize resources better and reduce the cost and carbon emission.
Technavio’s best deals of the month!
Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the
Health and Wellness category for the entire month.
Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.