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

Published: Jun, 2017 | Pages: 101 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

The global wind turbine operations & maintenance market is expected to reach USD 20.3 billion by 2025, according to a new report by Grand View Research, Inc. 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.

Further key findings from the report suggest:

• The global wind turbine operations & maintenance market was valued at USD 8.08 billion in 2016 and is expected to witness rapid growth from 2017 to 2025 owing to increasing capacity installation across the globe

• Supportive policies to boost the renewable energy sector was one of the key drivers for market growth over the past few years

• Global annual installed capacity increased from 39.06 GW in 2010 to 54.60 GW in 2016. China, the U.S., Germany, India, Brazil, France, Turkey, and the Netherlands were the major contributors for the growth in annual installation.

• Onshore wind turbine operations & maintenance market held an unassailable share of the overall industry revenues and is estimated to reach over USD 18 billion by 2025

• Offshore application segment of the market is expected to rise at a growth rate of 15.2% from 2017 to 2025, owing to the increasing demand as a result of higher energy output

• Asia Pacific is projected to witness significant growth over the forecast period and surpass Europe in terms of market share of the global market by 2025, owing to increasing capacity installations and rising demand from the rapidly-growing population

• Latin America and Middle East & Africa are projected to experience exceptional growth over the forecast period, owing to robust increase in capacity installations

• Key players include Siemens Wind Power GmbH, Suzlon Group, GE Wind Turbine, Enercon GmbH, and Gamesa Corporation. The companies are focusing on extending their services in remote location through implementation of advanced technology

 Table of Contents

Chapter 1. Methodology and Scope
                 1.1. Research methodology
                 1.2. Research scope & assumptions
                 1.3. List of data sources
                 1.4. List of abbreviations

Chapter 2. Executive Summary
                 2.1. Market snapshot

Chapter 3. Wind Turbine Operations & Maintenance Market Variables, Trends & Scope
                 3.1. Market segmentation & scope
                 3.2. Penetration & growth prospect mapping
                 3.3. Value chain analysis
                 3.4. Regulatory framework
                 3.5. Technology outlook
                 3.6. Market dynamics
                     3.6.1. Market driver analysis
                     3.6.2. Market restraint analysis
                 3.7. Porter's five forces analysis
                 3.8. PESTEL Analysis

Chapter 4. Wind Turbine Operations & Maintenance Market: Application Estimates & Trend Analysis
                 4.1. Application movement analysis & market share, 2016 & 2025
                 4.2. Onshore 
                     4.2.1. Market estimates and forecast, 2014 - 2025
                     4.2.2. Market estimates and forecast, by region, 2014 - 2025
                 4.3. Offshore 
                     4.3.1. Market estimates and forecast, 2014 - 2025
                     4.3.2. Market estimates and forecast, by region, 2014 - 2025

Chapter 5. Wind Turbine Operations & Maintenance Market: Regional Estimates & Trend Analysis
                 5.1. Region movement analysis & market share, 2016 & 2025
                 5.2. North America 
                     5.2.1. Installed wind power capacity (Megawatt), 2006 - 2016
                     5.2.2. Market estimates and forecast, 2014 - 2025
                     5.2.3. Market estimates and forecast by application, 2014 - 2025
                     5.2.4. U.S. 
                         5.2.4.1. Market estimates and forecast, 2014 - 2025
                         5.2.4.2. Market estimates and forecast by application, 2014 - 2025
                     5.2.5. Canada 
                         5.2.5.1. Market estimates and forecast, 2014 - 2025
                     5.2.6. Mexico 
                         5.2.6.1. Market estimates and forecast, 2014 - 2025
                 5.3. Europe 
                     5.3.1. Installed wind power capacity (Megawatt), 2006 - 2016
                     5.3.2. Market estimates and forecast, 2014 - 2025
                     5.3.3. Market estimates and forecast by application, 2014 - 2025
                     5.3.4. Germany 
                         5.3.4.1. Market estimates and forecast, 2014 - 2025
                         5.3.4.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.5. Denmark 
                         5.3.5.1. Market estimates and forecast, 2014 - 2025
                         5.3.5.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.6. France 
                         5.3.6.1. Market estimates and forecast, 2014 - 2025
                         5.3.6.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.7. Netherlands 
                         5.3.7.1. Market estimates and forecast, 2014 - 2025
                         5.3.7.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.8. Poland 
                         5.3.8.1. Market estimates and forecast, 2014 - 2025
                     5.3.9. Portugal 
                         5.3.9.1. Market estimates and forecast, 2014 - 2025
                         5.3.9.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.10. Spain 
                         5.3.10.1. Market estimates and forecast, 2014 - 2025
                         5.3.10.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.11. Sweden 
                         5.3.11.1. Market estimates and forecast, 2014 - 2025
                         5.3.11.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.12. UK 
                         5.3.12.1. Market estimates and forecast, 2014 - 2025
                         5.3.12.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.13. Ireland 
                         5.3.13.1. Market estimates and forecast, 2014 - 2025
                         5.3.13.2. Market estimates and forecast by application, 2014 - 2025
                     5.3.14. Italy 
                         5.3.14.1. Market estimates and forecast, 2014 - 2025
                     5.3.15. Belgium 
                         5.3.15.1. Market estimates and forecast, 2014 - 2025
                 5.4. Asia Pacific 
                     5.4.1. Installed wind power capacity (Megawatt), 2006 - 2016
                     5.4.2. Market estimates and forecast, 2014 - 2025
                     5.4.3. Market estimates and forecast by application, 2014 - 2025
                     5.4.4. Australia 
                         5.4.4.1. Market estimates and forecast, 2014 - 2025
                     5.4.5. China 
                         5.4.5.1. Market estimates and forecast, 2014 - 2025
                         5.4.5.2. Market estimates and forecast by application, 2014 - 2025
                     5.4.6. India 
                         5.4.6.1. Market estimates and forecast, 2014 - 2025
                     5.4.7. Japan 
                         5.4.7.1. Market estimates and forecast, 2014 - 2025
                         5.4.7.2. Market estimates and forecast by application, 2014 - 2025
                     5.4.8. New Zealand 
                         5.4.8.1. Market estimates and forecast, 2014 - 2025
                     5.4.9. South Korea 
                         5.4.9.1. Market estimates and forecast, 2014 - 2025
                         5.4.9.2. Market estimates and forecast by application, 2014 - 2025
                 5.5. Central & South America 
                     5.5.1. Installed wind power capacity (Megawatt), 2006 - 2016
                     5.5.2. Market estimates and forecast, 2014 - 2025
                     5.5.3. Argentina 
                         5.5.3.1. Market estimates and forecast, 2014 - 2025
                     5.5.4. Brazil 
                         5.5.4.1. Market estimates and forecast, 2014 - 2025
                 5.6. Middle East & Africa 
                     5.6.1. Installed wind power capacity (Megawatt), 2006 - 2016
                     5.6.2. Market estimates and forecast, 2014 - 2025
                     5.6.3. South Africa 
                         5.6.3.1. Market estimates and forecast, 2014 - 2025

Chapter 6. Competitive Landscape
                 6.1. Vendor landscape
                 6.2. Competitive environment
                 6.3. Company market positioning
                 6.4. Strategy framework

Chapter 7. Company Profiles
                 7.1. Enercon GmbH
                     7.1.1. Company overview
                     7.1.2. Financial performance
                     7.1.3. Product benchmarking
                     7.1.4. Strategic initiatives
                 7.2. Gamesa Corporacion Tecnologica
                     7.2.1. Company overview
                     7.2.2. Financial performance
                     7.2.3. Product benchmarking
                     7.2.4. Strategic initiatives
                 7.3. GE Wind Turbine
                     7.3.1. Company overview
                     7.3.2. Financial performance
                     7.3.3. Product benchmarking
                     7.3.4. Strategic initiatives
                 7.4. Nordex SE
                     7.4.1. Company overview
                     7.4.2. Financial performance
                     7.4.3. Product benchmarking
                     7.4.4. Strategic initiatives
                 7.5. Xinjiang Goldwind Science & Technologies Co. Ltd.
                     7.5.1. Company overview
                     7.5.2. Financial performance
                     7.5.3. Product benchmarking
                     7.5.4. Strategic initiatives
                 7.6. Vestas Wind Systems A/S
                     7.6.1. Company overview
                     7.6.2. Financial performance
                     7.6.3. Product benchmarking
                     7.6.4. Strategic initiatives
                 7.7. Siemens Wind Power GmbH
                     7.7.1. Company overview
                     7.7.2. Financial performance
                     7.7.3. Product benchmarking
                     7.7.4. Strategic initiatives
                 7.8. Suzlon Group
                     7.8.1. Company overview
                     7.8.2. Financial performance
                     7.8.3. Product benchmarking
                     7.8.4. Strategic initiatives
                 7.9. Guodian United Power Technology Company Ltd.
                     7.9.1. Company overview
                     7.9.2. Financial performance
                     7.9.3. Product benchmarking
                     7.9.4. Strategic initiatives
                 7.10. Upwind Solutions, Inc.
                     7.10.1. Company overview
                     7.10.2. Financial performance
                     7.10.3. Product benchmarking
                     7.10.4. Strategic initiatives

List of Tables

1. Failure statistic for top ten critical components in wind turbines
2. Wind turbine operations & maintenance - Market driver analysis
3. Wind turbine operations & maintenance - Market restraint analysis
4. Wind turbine operations & maintenance market competitive landscape, 2016
5. Global wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
6. Global wind turbine operations & maintenance market estimates and forecast for onshore, 2014 - 2025 (USD Million)
7. Global wind turbine operations & maintenance market estimates and forecast for offshore, 2014 - 2025 (USD Million)
8. North America wind energy capacity (Megawatt), 2006 - 2016
9. North America wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
10. North America wind turbine operations & maintenance market revenue, by application, 2014 - 2024 (USD Million)
11. U.S. wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
12. U.S. wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
13. Canada wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
14. Mexico wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
15. Europe wind energy capacity (Megawatt), 2006 - 2016
16. Europe wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
17. Europe wind turbine operations & maintenance market revenue, by application, 2014 - 2024 (USD Million)
18. Germany wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
19. Germany wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
20. Denmark wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
21. Denmark wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
22. France wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
23. France wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
24. Netherlands wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
25. Netherlands wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
26. Poland wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
27. Portugal wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
28. Portugal wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
29. Spain wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
30. Spain wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
31. Sweden wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
32. Sweden wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
33. UK wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
34. UK wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
35. Ireland wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
36. Ireland wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
37. Italy wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
38. Belgium wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
39. Asia Pacific wind energy capacity (Megawatt), 2006 - 2016
40. Asia Pacific wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
41. Asia Pacific wind turbine operations & maintenance market revenue, by application, 2014 - 2024 (USD Million)
42. Australia wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
43. China wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
44. China wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
45. India wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
46. Japan wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
47. Japan wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
48. New Zealand wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
49. South Korea wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
50. South Korea wind turbine operations & maintenance market revenue, by application, 2014 - 2025 (USD Million)
51. Central & South America wind energy capacity (Megawatt), 2006 - 2016
52. Central & South America wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
53. Argentina wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
54. Brazil wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
55. Middle East & Africa wind energy capacity (Megawatt), 2006 - 2016
56. Middle East & Africa wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)
57. South Africa wind turbine operations & maintenance market revenue, 2014 - 2025 (USD Million)