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Wind Turbine Services Market in Europe 2019-2023 - Product Image

Wind Turbine Services Market in Europe 2019-2023

  • ID: 4758484
  • Report
  • Region: Europe
  • 133 pages
  • TechNavio
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FEATURED COMPANIES

  • E.ON SE
  • GENERAL ELECTRIC
  • Nordex SE
  • Senvion S.A.
  • Vestas
  • MORE
The adoption of renewable energy sources has been increasing to reduce the growing levels of greenhouse gas (GHG) emissions. Governments of several countries are providing subsidies to encourage the adoption of renewable energy sources such as wind energy for power generation. The installation of wind turbines has been increasing over the years. The wind market in Europe is witnessing new wind farm installations and is investing in operational wind farms due to favorable market conditions that support the adoption of renewable wind energy for power generation. Wind turbines require regular maintenance to ensure optimal performance. The increase in the number of wind turbine installations in both onshore and offshore environments in Europe will drive the growth of the wind turbine services market during the forecast period. The analysts have predicted that the wind turbine services market in Europe will register a CAGR of over 8% by 2023.

Market Overview

Increasing adoption of clean energy

The depletion of oil and gas reserves and the global need to reduce GHG emissions have increased the adoption of clean energy across the world. The adoption of renewable energy sources for power generation is increasing. This is because many developing and developed countries are implementing clean energy initiatives to reduce carbon emissions.

Competition from solar PV

Solar PV is a scalable energy source, which can be generated by large- and small-scale parks as well as households. The reducing cost of solar panels and the subsidies provided by various national authorities support the adoption of solar energy. Thus, the rising demand for clean energy sources and the low cost of solar PV modules are expected to limit the growth of the wind turbine services market in Europe during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the wind turbine services market in Europe during the 2019-2023, view the full report.

Competitive Landscape

The market appears to be fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • E.ON SE
  • GENERAL ELECTRIC
  • Nordex SE
  • Senvion S.A.
  • Vestas
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • OEM - Market size and forecast 2018-2023
  • ISP - Market size and forecast 2018-2023
  • In-house - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2018-2023
  • Offshore - Market size and forecast 2018-2023
  • Market opportunity by application
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Germany - Market size and forecast 2018-2023
  • Spain - Market size and forecast 2018-2023
  • UK - Market size and forecast 2018-2023
  • Rest of European Union - Market size and forecast 2018-2023
  • Rest of Europe - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Growing number of offshore wind turbines
  • Development of hybrid model
  • Declining LCOE of wind power generation
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • E.ON SE
  • GENERAL ELECTRIC
  • Nordex SE
  • Senvion S.A.
  • Siemens Gamesa Renewable Energy, S.A.
  • Vestas
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global renewable energy market
Exhibit 02: Segments of global renewable energy market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Regional market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Regional market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type - Market share 2018-2023 (%)
Exhibit 18: Comparison by type
Exhibit 19: OEM - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: OEM - Year-over-year growth 2019-2023 (%)
Exhibit 21: ISP - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: ISP - Year-over-year growth 2019-2023 (%)
Exhibit 23: In-house - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: In-house - Year-over-year growth 2019-2023 (%)
Exhibit 25: Market opportunity by type
Exhibit 26: Customer landscape
Exhibit 27: Application - Market share 2018-2023 (%)
Exhibit 28: Comparison by application
Exhibit 29: Onshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 31: Offshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 33: Market opportunity by application
Exhibit 34: Market share by geography 2018-2023 (%)
Exhibit 35: Geographic comparison
Exhibit 36: Germany - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: Germany - Year-over-year growth 2019-2023 (%)
Exhibit 38: Spain - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: Spain - Year-over-year growth 2019-2023 (%)
Exhibit 40: UK - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: UK - Year-over-year growth 2019-2023 (%)
Exhibit 42: Rest of European Union - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: Rest of European Union - Year-over-year growth 2019-2023 (%)
Exhibit 44: Rest of Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: Rest of Europe - Year-over-year growth 2019-2023 (%)
Exhibit 46: Key leading countries
Exhibit 47: Market opportunity
Exhibit 48: Impact of drivers and challenges
Exhibit 49: Vendor landscape
Exhibit 50: Landscape disruption
Exhibit 51: Vendors covered
Exhibit 52: Vendor classification
Exhibit 53: Market positioning of vendors
Exhibit 54: E.ON SE - Vendor overview
Exhibit 55: E.ON SE - Business segments
Exhibit 56: E.ON SE - Organizational developments
Exhibit 57: E.ON SE - Geographic focus
Exhibit 58: E.ON SE - Segment focus
Exhibit 59: E.ON SE - Key offerings
Exhibit 60: GENERAL ELECTRIC - Vendor overview
Exhibit 61: GENERAL ELECTRIC - Business segments
Exhibit 62: GENERAL ELECTRIC - Organizational developments
Exhibit 63: GENERAL ELECTRIC - Geographic focus
Exhibit 64: GENERAL ELECTRIC - Segment focus
Exhibit 65: GENERAL ELECTRIC - Key offerings
Exhibit 66: Nordex SE - Vendor overview
Exhibit 67: Nordex SE - Business segments
Exhibit 68: Nordex SE - Organizational developments
Exhibit 69: Nordex SE - Geographic focus
Exhibit 70: Nordex SE - Segment focus
Exhibit 71: Nordex SE - Key offerings
Exhibit 72: Senvion S.A. - Vendor overview
Exhibit 73: Senvion S.A. - Business segments
Exhibit 74: Senvion S.A. - Organizational developments
Exhibit 75: Senvion S.A. - Geographic focus
Exhibit 76: Senvion S.A. - Segment focus
Exhibit 77: Senvion S.A. - Key offerings
Exhibit 78: Siemens Gamesa Renewable Energy, S.A. - Vendor overview
Exhibit 79: Siemens Gamesa Renewable Energy, S.A. - Business segments
Exhibit 80: Siemens Gamesa Renewable Energy, S.A. - Organizational developments
Exhibit 81: Siemens Gamesa Renewable Energy, S.A. - Geographic focus
Exhibit 82: Siemens Gamesa Renewable Energy, S.A. - Segment focus
Exhibit 83: Siemens Gamesa Renewable Energy, S.A. - Key offerings
Exhibit 84: Vestas - Vendor overview
Exhibit 85: Vestas - Business segments
Exhibit 86: Vestas - Organizational developments
Exhibit 87: Vestas - Geographic focus
Exhibit 88: Vestas - Segment focus
Exhibit 89: Vestas - Key offerings
Exhibit 90: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • E.ON SE
  • GENERAL ELECTRIC
  • Nordex SE
  • Senvion S.A.
  • Vestas
  • MORE
Wind Turbine Services Market in Europe 2019-2023

The analyst recognizes the following companies as the key players in the wind turbine services market in Europe: E.ON SE, GENERAL ELECTRIC, Nordex SE, Senvion S.A., Siemens Gamesa Renewable Energy, S.A., Vestas.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing number of offshore wind turbine.”

According to the report, one of the major drivers for this market is the increasing adoption of clean energy.

Further, the report states that one of the major factors hindering the growth of this market is the intermittency of wind power affects the adoption of wind turbines, which is expected to hinder the growth of the wind turbine services market in Europe during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • E.ON SE
  • GENERAL ELECTRIC
  • Nordex SE
  • Senvion S.A.
  • Siemens Gamesa Renewable Energy, S.A.
  • Vestas
Note: Product cover images may vary from those shown
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