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Global Wind Turbine Operations & Maintenance Market Research Report 2024
Synopsis
Operation and maintenance (O&M) costs constitute a sizeable share of the total annual costs of a wind turbine. For a new turbine, O&M costs may easily make up 20-25 per cent of the total levelised cost per kWh produced over the lifetime of the turbine. If the turbine is fairly new, the share may only be 10-15 per cent, but this may increase to at least 20-35 per cent by the end of the turbine’s lifetime. As a result, O&M costs are attracting greater attention, as manufacturers attempt to lower these costs significantly by developing new turbine designs that require fewer regular service visits and less turbine downtime.
The global Wind Turbine Operations & Maintenance market was valued at US$ 11590 million in 2023 and is anticipated to reach US$ 27590 million by 2030, witnessing a CAGR of 12.7% during the forecast period 2024-2030.
The global top five wind turbine operations and maintenance manufacturers include Vestas, Siemens gamesa, GE renewable energy, Enercon, and Goldwind, which together account for about 50% of the market share. The largest manufacturer is Vestas, with a market share of about 20%. The Asia-Pacific region is the most important wind turbine operations and maintenance consumer market in the world, with a market share of more than 45%. In terms of type, wind turbine manufacturers have a market share of more than 45%. In the application field, the market share of onshore wind exceeds 90%.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Operations & Maintenance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Operations & Maintenance.
Report Scope
The Wind Turbine Operations & Maintenance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Operations & Maintenance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Operations & Maintenance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Vestas
Siemens gamesa
GE renewable energy
Enercon
Goldwind
Suzlon
Global Wind Service
Deutsche Windtechnik
Stork
Mingyang Smart ENERGY
Ingeteam
Envision Group
Dongfang Electric Wind
BHI Energy
GEV Group
EOS Engineering & Service Co., Ltd
Segment by Type
Wind Farm Developers
Wind Turbine Manufacturers
Third Party Companies
Segment by Application
Onshore Wind
Offshore Wind
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wind Turbine Operations & Maintenance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Operation and maintenance (O&M) costs constitute a sizeable share of the total annual costs of a wind turbine. For a new turbine, O&M costs may easily make up 20-25 per cent of the total levelised cost per kWh produced over the lifetime of the turbine. If the turbine is fairly new, the share may only be 10-15 per cent, but this may increase to at least 20-35 per cent by the end of the turbine’s lifetime. As a result, O&M costs are attracting greater attention, as manufacturers attempt to lower these costs significantly by developing new turbine designs that require fewer regular service visits and less turbine downtime.
The global Wind Turbine Operations & Maintenance market was valued at US$ 11590 million in 2023 and is anticipated to reach US$ 27590 million by 2030, witnessing a CAGR of 12.7% during the forecast period 2024-2030.
The global top five wind turbine operations and maintenance manufacturers include Vestas, Siemens gamesa, GE renewable energy, Enercon, and Goldwind, which together account for about 50% of the market share. The largest manufacturer is Vestas, with a market share of about 20%. The Asia-Pacific region is the most important wind turbine operations and maintenance consumer market in the world, with a market share of more than 45%. In terms of type, wind turbine manufacturers have a market share of more than 45%. In the application field, the market share of onshore wind exceeds 90%.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Operations & Maintenance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Operations & Maintenance.
Report Scope
The Wind Turbine Operations & Maintenance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Operations & Maintenance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Operations & Maintenance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Vestas
Siemens gamesa
GE renewable energy
Enercon
Goldwind
Suzlon
Global Wind Service
Deutsche Windtechnik
Stork
Mingyang Smart ENERGY
Ingeteam
Envision Group
Dongfang Electric Wind
BHI Energy
GEV Group
EOS Engineering & Service Co., Ltd
Segment by Type
Wind Farm Developers
Wind Turbine Manufacturers
Third Party Companies
Segment by Application
Onshore Wind
Offshore Wind
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wind Turbine Operations & Maintenance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Wind Turbine Operations & Maintenance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Wind Farm Developers
1.2.3 Wind Turbine Manufacturers
1.2.4 Third Party Companies
1.3 Market by Application
1.3.1 Global Wind Turbine Operations & Maintenance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Onshore Wind
1.3.3 Offshore Wind
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Wind Turbine Operations & Maintenance Market Perspective (2019-2030)
2.2 Wind Turbine Operations & Maintenance Growth Trends by Region
2.2.1 Global Wind Turbine Operations & Maintenance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Wind Turbine Operations & Maintenance Historic Market Size by Region (2019-2024)
2.2.3 Wind Turbine Operations & Maintenance Forecasted Market Size by Region (2025-2030)
2.3 Wind Turbine Operations & Maintenance Market Dynamics
2.3.1 Wind Turbine Operations & Maintenance Industry Trends
2.3.2 Wind Turbine Operations & Maintenance Market Drivers
2.3.3 Wind Turbine Operations & Maintenance Market Challenges
2.3.4 Wind Turbine Operations & Maintenance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Wind Turbine Operations & Maintenance Players by Revenue
3.1.1 Global Top Wind Turbine Operations & Maintenance Players by Revenue (2019-2024)
3.1.2 Global Wind Turbine Operations & Maintenance Revenue Market Share by Players (2019-2024)
3.2 Global Wind Turbine Operations & Maintenance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Wind Turbine Operations & Maintenance Revenue
3.4 Global Wind Turbine Operations & Maintenance Market Concentration Ratio
3.4.1 Global Wind Turbine Operations & Maintenance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Wind Turbine Operations & Maintenance Revenue in 2023
3.5 Wind Turbine Operations & Maintenance Key Players Head office and Area Served
3.6 Key Players Wind Turbine Operations & Maintenance Product Solution and Service
3.7 Date of Enter into Wind Turbine Operations & Maintenance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Wind Turbine Operations & Maintenance Breakdown Data by Type
4.1 Global Wind Turbine Operations & Maintenance Historic Market Size by Type (2019-2024)
4.2 Global Wind Turbine Operations & Maintenance Forecasted Market Size by Type (2025-2030)
5 Wind Turbine Operations & Maintenance Breakdown Data by Application
5.1 Global Wind Turbine Operations & Maintenance Historic Market Size by Application (2019-2024)
5.2 Global Wind Turbine Operations & Maintenance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Wind Turbine Operations & Maintenance Market Size (2019-2030)
6.2 North America Wind Turbine Operations & Maintenance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Wind Turbine Operations & Maintenance Market Size by Country (2019-2024)
6.4 North America Wind Turbine Operations & Maintenance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Wind Turbine Operations & Maintenance Market Size (2019-2030)
7.2 Europe Wind Turbine Operations & Maintenance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Wind Turbine Operations & Maintenance Market Size by Country (2019-2024)
7.4 Europe Wind Turbine Operations & Maintenance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Wind Turbine Operations & Maintenance Market Size (2019-2030)
8.2 Asia-Pacific Wind Turbine Operations & Maintenance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Wind Turbine Operations & Maintenance Market Size by Region (2019-2024)
8.4 Asia-Pacific Wind Turbine Operations & Maintenance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Wind Turbine Operations & Maintenance Market Size (2019-2030)
9.2 Latin America Wind Turbine Operations & Maintenance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Wind Turbine Operations & Maintenance Market Size by Country (2019-2024)
9.4 Latin America Wind Turbine Operations & Maintenance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Wind Turbine Operations & Maintenance Market Size (2019-2030)
10.2 Middle East & Africa Wind Turbine Operations & Maintenance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Wind Turbine Operations & Maintenance Market Size by Country (2019-2024)
10.4 Middle East & Africa Wind Turbine Operations & Maintenance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Vestas
11.1.1 Vestas Company Detail
11.1.2 Vestas Business Overview
11.1.3 Vestas Wind Turbine Operations & Maintenance Introduction
11.1.4 Vestas Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.1.5 Vestas Recent Development
11.2 Siemens gamesa
11.2.1 Siemens gamesa Company Detail
11.2.2 Siemens gamesa Business Overview
11.2.3 Siemens gamesa Wind Turbine Operations & Maintenance Introduction
11.2.4 Siemens gamesa Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.2.5 Siemens gamesa Recent Development
11.3 GE renewable energy
11.3.1 GE renewable energy Company Detail
11.3.2 GE renewable energy Business Overview
11.3.3 GE renewable energy Wind Turbine Operations & Maintenance Introduction
11.3.4 GE renewable energy Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.3.5 GE renewable energy Recent Development
11.4 Enercon
11.4.1 Enercon Company Detail
11.4.2 Enercon Business Overview
11.4.3 Enercon Wind Turbine Operations & Maintenance Introduction
11.4.4 Enercon Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.4.5 Enercon Recent Development
11.5 Goldwind
11.5.1 Goldwind Company Detail
11.5.2 Goldwind Business Overview
11.5.3 Goldwind Wind Turbine Operations & Maintenance Introduction
11.5.4 Goldwind Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.5.5 Goldwind Recent Development
11.6 Suzlon
11.6.1 Suzlon Company Detail
11.6.2 Suzlon Business Overview
11.6.3 Suzlon Wind Turbine Operations & Maintenance Introduction
11.6.4 Suzlon Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.6.5 Suzlon Recent Development
11.7 Global Wind Service
11.7.1 Global Wind Service Company Detail
11.7.2 Global Wind Service Business Overview
11.7.3 Global Wind Service Wind Turbine Operations & Maintenance Introduction
11.7.4 Global Wind Service Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.7.5 Global Wind Service Recent Development
11.8 Deutsche Windtechnik
11.8.1 Deutsche Windtechnik Company Detail
11.8.2 Deutsche Windtechnik Business Overview
11.8.3 Deutsche Windtechnik Wind Turbine Operations & Maintenance Introduction
11.8.4 Deutsche Windtechnik Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.8.5 Deutsche Windtechnik Recent Development
11.9 Stork
11.9.1 Stork Company Detail
11.9.2 Stork Business Overview
11.9.3 Stork Wind Turbine Operations & Maintenance Introduction
11.9.4 Stork Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.9.5 Stork Recent Development
11.10 Mingyang Smart ENERGY
11.10.1 Mingyang Smart ENERGY Company Detail
11.10.2 Mingyang Smart ENERGY Business Overview
11.10.3 Mingyang Smart ENERGY Wind Turbine Operations & Maintenance Introduction
11.10.4 Mingyang Smart ENERGY Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.10.5 Mingyang Smart ENERGY Recent Development
11.11 Ingeteam
11.11.1 Ingeteam Company Detail
11.11.2 Ingeteam Business Overview
11.11.3 Ingeteam Wind Turbine Operations & Maintenance Introduction
11.11.4 Ingeteam Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.11.5 Ingeteam Recent Development
11.12 Envision Group
11.12.1 Envision Group Company Detail
11.12.2 Envision Group Business Overview
11.12.3 Envision Group Wind Turbine Operations & Maintenance Introduction
11.12.4 Envision Group Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.12.5 Envision Group Recent Development
11.13 Dongfang Electric Wind
11.13.1 Dongfang Electric Wind Company Detail
11.13.2 Dongfang Electric Wind Business Overview
11.13.3 Dongfang Electric Wind Wind Turbine Operations & Maintenance Introduction
11.13.4 Dongfang Electric Wind Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.13.5 Dongfang Electric Wind Recent Development
11.14 BHI Energy
11.14.1 BHI Energy Company Detail
11.14.2 BHI Energy Business Overview
11.14.3 BHI Energy Wind Turbine Operations & Maintenance Introduction
11.14.4 BHI Energy Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.14.5 BHI Energy Recent Development
11.15 GEV Group
11.15.1 GEV Group Company Detail
11.15.2 GEV Group Business Overview
11.15.3 GEV Group Wind Turbine Operations & Maintenance Introduction
11.15.4 GEV Group Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.15.5 GEV Group Recent Development
11.16 EOS Engineering & Service Co., Ltd
11.16.1 EOS Engineering & Service Co., Ltd Company Detail
11.16.2 EOS Engineering & Service Co., Ltd Business Overview
11.16.3 EOS Engineering & Service Co., Ltd Wind Turbine Operations & Maintenance Introduction
11.16.4 EOS Engineering & Service Co., Ltd Revenue in Wind Turbine Operations & Maintenance Business (2019-2024)
11.16.5 EOS Engineering & Service Co., Ltd Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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