Wind Turbine Services Market by Type (24-hour Wind Turbine Services, 16-hour Wind Turbine Services), Application (Male, Female), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026
Published On: May 2019
 
Report ID:385964
 
Category: Energy & Power
 
Pages: N/A




Global wind turbine services market is expected to reach to USD xx Billion by 2026 at a CAGR of xx% during the forecast period from 2019-2026. Increasing number of offshore wind turbines and supportive government’s efforts to encourage the adoption of renewable source of energy such as wind power are the two factors affecting the demand of the market.

Market Overview:

The wind energy has grown to become one of the leading global sources of power generation over the years, and the full utilization of wind power is expected to get stronger. Wind turbines are the important components of wind farms that help in power generation thereby converting kinetic energy of wind to electrical energy. Wind turbine maintenance is a vital tool to increase the profitability and lifetime of the project. Therefore, the reliability of the wind turbine system is one of the major factors playing a crucial role in the success of wind energy projects.

Report Description:

  • The base year for the study has been considered 2018, historic year 2017 and 2017, the forecast period considered is from 2019 to 2026. The wind turbine services market is analysed on the basis of value (USD Billion)
  • The study delivers a comprehensive analysis of global wind turbine services market by application, type and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global wind turbine services market. This report incorporates the industry analysis which is focused on providing an extensive view of the wind turbine services market.
  • The study also includes attractiveness analysis of application, type and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the wind turbine services market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Increased adoption of renewable energy sources to reduce the growing levels of greenhouse gas (GHG) emissions
  • Rising number of offshore wind turbines
  • Supportive governments efforts to encourage the adoption of renewable source of energy such as wind power

Restraints:

  • High costs for operations & maintenance, due to optimistic estimation of reliability and lifetime of turbines

Opportunities:

  • The increase in the number of wind turbine installations in both onshore and offshore environments will drive the growth of the wind turbine services market

Challenges:

  • Stagnant growth in global electric consumption is expected to have a negative impact on the overall industry.

Global Wind Turbine Services Market Key Findings:

All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The wind turbine services market is segmented on the basis of application and type

  • The application segment is segmented into onshore and offshore. The offshore segment is growing rapidly with the highest CAGR in the forecast period. Offshore turbines offer higher efficiency than onshore counterparts; however, they incur higher installation costs and consequently, operating costs increase.
  • The type segment is segmented into OEM, ISP and in-house. The OEM segment is dominating the market in 2018 with the highest share in 2018. An Original Equipment Manufacturer (OEM) is a company that produces parts and equipment that may be marketed by another manufacturer.

Regional Segmentation Analysis:

The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global wind turbine services market in 2018 where as the Asia Pacific region is growing rapidly in the market.

  • North America is dominating the market as the region dominated the offshore installation category, and also incurs high operations & maintenance costs
  • The Asia Pacific region is anticipated to grow to meet its growing energy needs, and in a bid to limit smog-causing pollution from coal plants and act on climate change. China overtook Europe as the world’s largest regional wind market, installing half of all the new wind capacity additions worldwide. Similarly, huge investments are also expected to be scaled up in countries such as India, South Korea, and Japan, which would further supplement the demand for wind turbine MRO services in the region during the forecast period.

Global Wind Turbine Services Market Competitive Analysis:

Key players in the wind turbine services market are Siemens Wind Power GmbH, Suzlon Group, GE Wind Turbine, Enercon GmbH, and Gamesa Corporation DNV GL AS., Upwind Solutions, Aeronautica WindPower, EcoEnergy LLC, Baywinds, Invenergy and Orion International Consulting Group, LLC. For instance, in January 2018, UKEF helped GE Global Services UK secure landmark turbine maintenance contract in Iraq.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global wind turbine services market on the basis of below mentioned segments:

Global Wind Turbine Services Market, By Type:

  • OEM
  • ISP
  • In-house

 Global Wind Turbine Services Market, By Application:

  • Onshore
  • Offshore

 Global Wind Turbine Services Market, By Regions:

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Sweden
  • Netherlands
  • U.K.
  • Italy
  • Spain
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of the Middle East and Africa

1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market attractiveness analysis by Application
        4.3.2. Market attractiveness analysis by Type
        4.3.3. Market attractiveness analysis by Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Increased adoption of renewable energy sources to reduce the growing levels of greenhouse gas (GHG) emissions
        5.2.2. Rising number of offshore wind turbines
        5.2.3. Supportive governments efforts to encourage the adoption of renewable source of energy such as wind power
   5.3. Restraints
        5.3.1. High costs for operations & maintenance, due to optimistic estimation of reliability and lifetime of turbines
   5.4. Opportunities
        5.4.1. The increase in the number of wind turbine installations in both onshore and offshore environments will drive the growth of the wind turbine services market.
   5.5.  Challenges
        5.5.1. Stagnant growth in global electric consumption is expected to have a negative impact on the overall industry

6. Global Wind Turbine Services Market Analysis and Forecast, By Application
   6.1. Segment Overview
   6.2. Onshore
   6.3. Offshore

7. Global Wind Turbine Services Market Analysis and Forecast, By Type
   7.1. Segment Overview
   7.2. OEM
   7.3. ISP
   7.4. In-house

8. Global Wind Turbine Services Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Wind Turbine Services Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Wind Turbine Services Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Product Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. Siemens Wind Power GmbH
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Product Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. Suzlon Group.
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Product Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. GE Wind Turbine
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Product Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. Enercon GmbH
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Product Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. Gamesa Corporation DNV GL AS.
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Product Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. Upwind Solutions
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Product Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Aeronautica WindPower
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Product Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. EcoEnergy LLC
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Product Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. Baywinds
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Product Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. Invenergy
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Product Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. Orion International Consulting Group, LLC
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Product Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis

 


List of Figures

1. Global Wind Turbine Services Market Segmentation

2. Wind Turbine Services Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis

7. Value Chain Analysis

8. Global Wind Turbine Services Market attractiveness analysis by Application

9. Global Wind Turbine Services Market attractiveness analysis by Type

10. Global Wind Turbine Services Market attractiveness analysis by Region

11. Global Wind Turbine Services Market: Dynamics

12. Global Wind Turbine Services Market Share by Application (2018 & 2026)

13. Global Wind Turbine Services Market Share by Type (2018 & 2026)

14. Global Wind Turbine Services Market Share by Region (2018 & 2026)

15. Global Wind Turbine Services Market Share by Company (2018)


List of Table

1. Global Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

2. Global Onshore Wind Turbine Services Market, By Region, 2016–2026 (USD Billion)

3. Global Offshore Wind Turbine Services Market, By Region, 2016–2026 (USD Billion)

4. Global Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

5. Global OEM Wind Turbine Services Market, By Region, 2016–2026 (USD Billion)

6. Global ISP Wind Turbine Services Market, By Region, 2016–2026 (USD Billion)

7. Global In-house Wind Turbine Services Market, By Region, 2016–2026 (USD Billion)

8. Global Wind Turbine Services Market, By Region, 2016–2026 (USD Billion)

9. North America Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

10. North America Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

11. U.S. Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

12. U.S. Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

13. Canada Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

14. Canada Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

15. Mexico Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

16. Mexico Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

17. Europe Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

18. Europe Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

19. Germany Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

20. Germany Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

21. France Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

22. France Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

23. Sweden Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

24. Sweden Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

25. Netherlands Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

26. Netherlands Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

27. U.K. Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

28. U.K. Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

29. Italy Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

30. Italy Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

31. Spain Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

32. Spain Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

33. Turkey Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

34. Turkey Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

35. Switzerland Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

36. Switzerland Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

37. Belgium Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

38. Belgium Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

39. Asia Pacific Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

40. Asia Pacific Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

41. Japan Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

42. Japan Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

43. China Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

44. China Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

45. India Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

46. India Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

47. South Korea Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

48. South Korea Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

49. Australia Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

50. Australia Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

51. Singapore Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

52. Singapore Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

53. Malaysia Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

54. Malaysia Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

55. Thailand Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

56. Thailand Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

57. Indonesia Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

58. Indonesia Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

59. Philippines Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

60. Philippines Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

61. South America Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

62. South America Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

63. Brazil Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

64. Brazil Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

65. Argentina Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

66. Argentina Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

67. Colombia Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

68. Colombia Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

69. Middle East and Africa Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

70. Middle East and Africa Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

71. Saudi Arabia Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

72. Saudi Arabia Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

73. UAE Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

74. UAE Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

75. Egypt Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

76. Egypt Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

77. Nigeria Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

78. Nigeria Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)

79. South Africa Wind Turbine Services Market, By Application, 2016–2026 (USD Billion)

80. South Africa Wind Turbine Services Market, By Type, 2016–2026 (USD Billion)



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