Global Wind Turbine Maintenance, Repair & Overhaul (MRO) Market - Analysis by Location, by Component - Growth Trends and Forecasts (2016 - 2021)

  • ID: 3842796
  • Report
  • Region: Global
  • 129 pages
  • Mordor Intelligence
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As the wind power industry grows at a tremendous pace, the Global Wind Turbine Maintenance, Repair & Overhaul (MRO) Market is also becoming field to increasing activity. The Global Wind Turbine MRO Market is expected to grow from USD XX Billion in 2015 and reach USD XX Billion by 2020, growing at a pace of XX percentage.

Globally, there is a growth in the need for energy. With growing levels of pollution, and a fast declining fossil fuel reserve, the need of the hour is clean energy. Wind is one of the most dominant and economically feasible renewable energy source in the world, and there is a large and growing installed base of wind turbines in the world today. This huge base has resulted in the growth of the wind turbine MRO market.

Emerging economies around the world are in a phase of rapid industrialization and urbanization, and this contributes a large part to the growing need for clean energy. This is one of the major drivers for the wind power industry, and the wind turbine MRO industry is also benefiting from this. The wind industry is also having the backing of governments around the world, especially as countries are trying to reduce their carbon footprint. The growing adoption of wind power technology is reducing the cost of this technology, which is in turn making it more affordable and attractive to power generation agencies. All of these factors contribute to the growth of the wind power industry, and thereby the wind turbine MRO industry. Factors that restrain the wind power industrys growth like the noise pollution and aesthetic concerns of wind turbines are also a hindrance to the growth of the wind turbine MRO industry.

The market for wind turbine maintenance, repair and overhaul can be classified based on the components requiring the MRO operation into gearbox, generator, blades, electrical systems and others. The cost of repair of components like gearboxes, generators and blades constitute the largest share of the market by value. But, the number of repair and maintenance operations are seen to be more for the electric components. The market can also be classified based on the location of the turbine into offshore and onshore.

The report also classifies the wind turbine MRO market based on geography into North America, Europe, Asia-Pacific, South America and Africa & Middle East.

Previously, the wind turbine manufacturers were the dominant players in the wind turbine MRO market, but with growth in the market, many independent service providers, both large and small, are also gaining prominence in the market. Some of the players in the wind turbine MRO market include Vestas, Siemens, Moventas, Stork Gears & Services, Gamesa, Mekanord and Suzlon. As maintenance contracts of older wind turbines start to expire, the market that was previously entirely in the hands of OEMs is opening up to smaller service providers.

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1. Introduction

1.1 Study Deliverables

1.2 Market Definition

1.3 Base Currency

1.4 Review and Forecast Period Years

1.5 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Econometric Forecast Model

2.4 Research Assumptions

3. Executive Summary

4. Key Inferences

5. Market Overview and Industry Trends

5.1 Current Market Scenario

5.2 Technology Overview

5.3 Recent Developments

5.4 Industry Value-Chain Analysis

5.5 Product Life-Cycle Analysis

5.6 Product Benchmarking

5.7 Investment Analysis

5.8 Porters Five Forces

5.8.1 Bargaining Power of Suppliers

5.8.2 Bargaining Power of Consumers

5.8.3 Threat of New Entrants

5.8.4 Threat of Substitute Products and Services

5.8.5 Competitive Rivalry within the Industry

6. Drivers, Restraints and Opportunities Analysis

6.1 Drivers

6.1.1 Growing Demand for Clean Energy Tech

6.1.2 Ever Increasing Energy Demand

6.1.3 Wind Power Technology Getting Cheaper

6.1.4 Support from Governments

6.1.5 Increase in Demand from Emerging Markets

6.2 Restraints

6.2.1 Unpredictability of Wind

6.2.2 Noise Pollution & Aesthetic Concerns of Wind Technology

6.3 Opportunities

6.3.1 Growing Offshore Market

7. Global Wind Turbine MRO Market, by Component

7.1 Gearbox

7.2 Generator

7.3 Blades

7.4 Electrical Systems

7.5 Others

8. Global Wind Turbine MRO Market, by Location

8.1 Offshore

8.2 Onshore

9. Global Wind Turbine MRO Market, by Geography

9.1 North America

9.1.1 Overview

9.1.2 Major Countries United States Canada Mexico Others

9.2 Europe

9.2.1 Overview

9.2.2 Major Countries Germany United Kingdom Spain Italy Others

9.3 Asia Pacific

9.3.1 Overview

9.3.2 Major Countries China India Australia Others

9.4 South America

9.4.1 Overview

9.4.2 Major Countries Brazil Chile Argentina Others

9.5 Middle East & Africa

9.5.1 Overview

9.5.2 Major Countries Egypt Morocco South Africa Others

10. Competitive Landscape

10.1 Mergers & Acquisitions

10.2 Joint Ventures, Collaborations and Agreements

10.3 Market Share Analysis

11. Key Company Analysis

11.1 Brevini

11.2 Broadwind Energy

11.3 Enercon

11.4 Gamesa

11.5 GBS Gearbox Services international

11.6 LM Wind Power

11.7 Mekanord

11.8 Moventas

11.9 NGC Gears

11.10 RWE Power

11.11 Siemens

11.12 Stork Gears & Services

11.13 Suzlon

11.14 Vestas

11.15 Winergy

11.16 ZF Friedrichshafen

12. Appendix

12.1 Contact Us

12.2 Disclaimer
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