The global wind operation and maintenance (O&M) market is directly proportional to the global wind energy market.
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Growth in this market is likely to have a cascading effect on wind O&M, with the O&M market reaching $10.6 billion by 2016. The global wind O&M market is expected to witness across the board growth with both operation and maintenance markets registering double digit gains in the forecast period.
Lucintel has analyzed the global wind O&M market and published a comprehensive research report, “Growth Opportunities in Wind Operation and Maintenance Services Market 2011-2016“.
The global onshore wind energy market has grown with a CAGR of 27% from 2005 to 2010 and is expected to grow significantly in future. Europe has the largest wind O&M market due to aging turbines and is expected to remain the largest in future; however, Europe is likely to lose relative market share to Asia Pacific and North America as O&M services grow in those regions. Asia Pacific is expected to be the 2nd largest O&M market during the forecast period and is expected to be the leader in future mainly due new wind farm installations in China. North America is also expected to increase market share.
The three main components of wind turbines, gearboxes, generators and wind blades, accounts for nearly 85 percent of maintenance service needs. Improving turbine reliability and reducing downtime due to faulty components is of the utmost concern for wind farm operators and therefore, O&M services are seeing greater interest globally.
Lucintel’s report makes separate analyses of China , US, Europe and Indian wind O&M market, affording the client a better understanding of current trends and forecasts by region. The report also addresses the market by types of service, detailing the role of these markets in relative regions and the global O&M market. This report also addresses a competitive analysis of the top 5 global Independent O&M Service Providers.
For a detailed table of contents and pricing information on this timely and insightful report, please contact Lucintel at +1-972-636-5056 or via email at email@example.com. This market report is published by Lucintel, a leading global management consulting and market research firm with over 1,000 clients worldwide. To find out more, please visit Lucintel.
Contact: Roy Almaguer, +1-972-636-5056 or via email at firstname.lastname@example.org