San Francisco, California, May 04, 2017: A recent market research report by TMR Research presents a detailed overview of the global market for wind turbine operation and maintenance. The report, titled “Wind Turbine Operations and Maintenance Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” states that the market will expand at a promising pace owing chiefly to the soaring demand for wind energy across the globe.
The Wind Turbine Operations and Maintenance Market will also benefit from the increasing numbers of aging wind turbines across regional markets with established wind power markets such as Europe over the report’s forecast period. Rising influx of funds aimed at the development of the wind power sector from private and public bodies as well as from financial institutions is also expected to boost the demand for wind turbine operations and maintenance services in the next few years. However, factors such as lack of skilled professionals and the rising costs of logistics are expected to hinder market growth to a certain extent over the report’s forecast period.
From a geographical standpoint, the report covers an analytical overview of the market for wind turbine operations and maintenance across regions such as North America, Europe, Asia Pacific, and Middle East and Africa. Europe holds a significant share in the market owing to the well-established wind power sector and is expected to continue to play a key role in the future development of the market as ambitious green energy targets drive an increased demand for new wind power projects.
Countries such as China, India, Scotland, Brazil, Spain, Scotland, and Germany are some of the key contributors of revenue to the global wind turbine operations and maintenance market and are likely to account for a large share in the global market throughout the report’s forecast period. In these countries, favorable legislations and policies are backing the overall development of the market.
The vendor landscape of the global wind turbine operations and maintenance market is witnessing the entry of a number of companies and an intensifying level of competition. To stay ahead of competitors, companies have started offering diverse and innovative services, such as the announcement by SgurrEnergy of using unmanned aerial vehicles or drones as a part of inspection services.
Some of the leading companies in the market are Xinjiang Goldwind Science & Technologies, Upwind Solutions, Inc, Nordex SE, Gamesa Corporación Tecnológica, GE Wind Turbine, Suzlon Group, Vestas Wind Systems A/S, Guodian United Power Technology Company Ltd., Siemens Wind Power GmbH, and Enercon GmbH. Companies are focusing on collaborations and mergers and acquisitions to expand across new regional markets.