Sarasota, FL -- (SBWIRE) -- 01/10/2019 -- Global Wind Turbine Operations & Maintenance Market: Overview
Wind turbine operations and maintenance (O&M) represents a growing segment and business opportunity in the wind energy industry in coming years. Wind turbine operations and maintenance mainly involve troubleshooting, repair, operation, and maintenance of wind turbines situated at wind farms. Operations and maintenance service includes scheduled maintenance services, unscheduled maintenance services. Scheduled maintenance services are services at regular intervals of time and unscheduled maintenance services are services which are carried out after sudden problems or breakdown of turbine winds. There are various parts of the wind turbine such as brakes, inverter, generator, rotor blade, gearbox and tower these parts need scheduled service maintenance due to more liable to sudden breakdown.
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Global Wind Turbine Operations & Maintenance Market: Growth Factors
The growth of global wind turbine operations and maintenance market is primarily attributed to an increase in capacity installations across the world. Efforts towards reducing environmental impacts, aging of a wind turbine are also predicted to be key supporting growth factors for wind turbine operations and maintenance market in the analysis period. Supportive government policies and attractive incentives by various government paired with investment by private as well as a key financial institution are expected to shape the market massively in near future. On a contrary, sluggish growth in global electric consumption is estimated have an adverse impact on global wind turbine operations and maintenance market in near future. Even so, increasing demand for operations & maintenance from the Asia Pacific and Middle East region may disclose new avenues for operations & maintenance market in the years to come.
Global Wind Turbine Operations & Maintenance Market: Segmentation
The global wind turbines operations & maintenance market has been segmented on basis of application and region. Based on application, wind turbines operations and maintenance categorized into onshore and offshore. Additionally, the regional segmentation comprises the current and estimate demand for Europe, Asia Pacific, North America, Latin America, and Middle East & Africa.
Global Wind Turbine Operations & Maintenance Market: Regional Analysis
Europe is expected to lead the global wind turbine operations & maintenance in 2017. Increasing installation of wind turbines paired with favorable government policies is expected to drive the market in this region. United States is also predicted to show noticeable growth as the industry is facing nearly USD 40 billion worth of wind installations in the United States that will be out of warranty in coming years. Asia Pacific is predicted to grow with the highest CADR during the analysis period owing to growth from China and India. South Africa is estimated to show remarkable growth in the Africa region.
Global Wind Turbine Operations & Maintenance Market: Competitive Players
Some of the important players operative in wind turbines operations and maintenance market include Gamesa Corporation, GE Wind Turbine, Siemens Wind Power GmbH, Suzlon Group, Nordex SE, UpWind Solutions Inc., Xinjiang Goldwind Science & Technology Co. Ltd, Enercon GmbH, and Vestas Wind Systems A/S among others.
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Global Wind Turbine Operations & Maintenance Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa