Operation and maintenance (O&M) costs constitute a sizeable share of the total annual costs of a wind turbine. For a new turbine, O&M costs may easily make up 20-25 per cent of the total levelised cost per kWh produced over the lifetime of the turbine. If the turbine is fairly new, the share may only be 10-15 per cent, but this may increase to at least 20-35 per cent by the end of the turbine’s lifetime. As a result, O&M costs are attracting greater attention, as manufacturers attempt to lower these costs significantly by developing new turbine designs that require fewer regular service visits and less turbine downtime.
According to our (Global Info Research) latest study, the global Wind Turbine Operations & Maintenance market size was valued at USD 11920 million in 2022 and is forecast to a readjusted size of USD 26610 million by 2029 with a CAGR of 12.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global top five wind turbine operations and maintenance manufacturers include Vestas, Siemens gamesa, GE renewable energy, Enercon, and Goldwind, which together account for about 50% of the market share. The largest manufacturer is Vestas, with a market share of about 20%. The Asia-Pacific region is the most important wind turbine operations and maintenance consumer market in the world, with a market share of more than 45%. In terms of type, wind turbine manufacturers have a market share of more than 45%. In the application field, the market share of onshore wind exceeds 90%.
This report is a detailed and comprehensive analysis for global Wind Turbine Operations & Maintenance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Wind Turbine Operations & Maintenance market size and forecasts, in consumption value ($ Million), 2018-2029
Global Wind Turbine Operations & Maintenance market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Wind Turbine Operations & Maintenance market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Wind Turbine Operations & Maintenance market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Wind Turbine Operations & Maintenance
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Wind Turbine Operations & Maintenance market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Vestas, Siemens gamesa, GE renewable energy, Enercon and Goldwind, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Wind Turbine Operations & Maintenance market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Wind Farm Developers
Wind Turbine Manufacturers
Third Party Companies
Market segment by Application
Onshore Wind
Offshore Wind
Market segment by players, this report covers
Vestas
Siemens gamesa
GE renewable energy
Enercon
Goldwind
Suzlon
Global Wind Service
Deutsche Windtechnik
Stork
Mingyang Smart ENERGY
Ingeteam
Envision Group
Dongfang Electric Wind
BHI Energy
GEV Group
EOS Engineering & Service Co., Ltd
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Wind Turbine Operations & Maintenance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Wind Turbine Operations & Maintenance, with revenue, gross margin and global market share of Wind Turbine Operations & Maintenance from 2018 to 2023.
Chapter 3, the Wind Turbine Operations & Maintenance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Wind Turbine Operations & Maintenance market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Wind Turbine Operations & Maintenance.
Chapter 13, to describe Wind Turbine Operations & Maintenance research findings and conclusion.
Summary:
Get latest Market Research Reports on Wind Turbine Operations & Maintenance. Industry analysis & Market Report on Wind Turbine Operations & Maintenance is a syndicated market report, published as Global Wind Turbine Operations & Maintenance Market 2023 by Company, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Wind Turbine Operations & Maintenance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.