Europe to Dominate the Global Wind Turbine Operations and Maintenance (O&M) Market during the Assessment Period

Wind turbine operations and maintenance (O&M) service providers help in the operation, troubleshooting, maintenance and the repair of the wind turbines that are installed at offshore wind farms. The scope of work of wind turbine operations and maintenance service providers also includes doing scheduled maintenance, unscheduled maintenance, remote monitoring and the administration of the assets of the wind turbines. Some of the key components of wind turbines that are prone to breakdown are gear boxes, rotor blades, generators, brakes and drive trains. In order to carry out such maintenance tasks, independent service providers, wind turbine manufacturers (OEMs) and in-house O&M teams have developed in this field.
On the basis of location or the area of installation of wind turbines, they are broadly classified into onshore and offshore wind farms. Generally, snags caused by the failure of the wind turbine components is observed to be more at offshore wind farms as compared to onshore wind farms due to severe weather conditions and hurdles of logistics. Keeping in mind such factors, Market Research Reports Search Engine (MRRSE) has included a new report in its repository titled ‘Wind Turbine Operations and Maintenance Market, by Application (Onshore and Offshore) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 – 2023’.

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Market Taxonomy and Segmental Forecast
The market for operation and maintenance of wind turbines has been classified on the basis of application and region. As far as the application segment is concerned, the wind turbine O&M market has been sub-segmented into onshore and offshore. There is a separate description for onshore wind turbine O&M market and offshore wind turbine O&M market in the report. The onshore wind turbine operation and maintenance market accounted for 93.98% of the global wind turbine O&M market in the year 2014.

Regional Forecast
On the basis of geography, the wind turbine O&M market has been divided into four main regions namely North America, Asia Pacific, Europe and Rest of the World. Europe emerged as the largest market for wind turbine operations and maintenance market, accounting for 40.55% of the global market in the year 2014. Due to a large number of installations of wind turbines and encouraging regulations of the governments in the region are the major factors for the rise of the wind turbine operations and maintenance market in Europe. Asia Pacific was the second largest market for wind turbine operations and maintenance on the basis of market share in the year 2014.

The market for wind turbine operations and maintenance for Rest of the World is expected to experience a major growth in the coming years due to favorable and emergent renewable energy policies enacted by the respective governments.

Competition Landscape
Some of the major companies operating in the global wind turbine operations and maintenance market include Siemens Wind Power GmbH, Nordex SE, Upwind Solutions, Inc., Gamesa Corporación Tecnológica, Vestas Wind Systems A/S, Enercon GmbH, Suzlon Group, GE Wind Turbine, Guodian United Power Technology Company Ltd., and Xinjiang Goldwind Science & Technologies, Co. Ltd.

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