Dallas, TX – January 4
- The global wind
operation and maintenance (O&M) market is directly
proportional to the global wind energy market. 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
helpdesk@lucintel.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
helpdesk@lucintel.com