Quick Summary:
As the world accelerates towards a greener future, the global Wind Turbine Operations and Maintenance market steps into the limelight, playing a crucial role in both developed and emerging economies. It is estimated at US$20.5 Billion in 2022 and is projected to reach a revised size of US$34.9 Billion by 2030, signifying robust growth in the wind energy sector.
Our market research report impeccably outlines opportunities, competitive landscapes, geographic nuances, and other vital metrics of this promising market. From highlighting the growth of the onshore wind turbine O&M segment to giving insights about the U.S. and China - the behemoths of this market, the report is a goldmine of actionable intelligence. Topping it all, the research comes along with online interactive peer-to-peer collaborative bespoke updates, digital archives, and one year complimentary updates.
Global Wind Turbine Operations and Maintenance Market to Reach $34.9 Billion by 2030
The global market for Wind Turbine Operations and Maintenance estimated at US$20.5 Billion in the year 2022, is projected to reach a revised size of US$34.9 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030. Onshore Wind Turbine O&M, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$26 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Offshore Wind Turbine O&M segment is readjusted to a revised 17.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 6.4% CAGR
The Wind Turbine Operations and Maintenance market in the U.S. is estimated at US$6.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2030 trailing a CAGR of 6.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 5.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.Select Competitors (Total 52 Featured) -
- B9 Energy Group
- GE Power
- Nordex SE
- One Wind
- Siemens AG
- Siemens Gamesa Renewable Energy, S.A.
- Suzlon Energy Ltd.
- Vestas Wind Systems A/S
- Wind Prospect Pty Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Wind Turbine Operations and Maintenance?
What is the growth rate of the Global Market for Wind Turbine Operations and Maintenance?
What is the forecasted size of the Global Market for Wind Turbine Operations and Maintenance?
Who are the key companies in the Global Market for Wind Turbine Operations and Maintenance?
| Report Attribute | Details |
|---|---|
| No. of Pages | 249 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 20.5 Billion |
| Forecasted Market Value ( USD | $ 34.9 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- B9 Energy Group
- GE Power
- Nordex SE
- One Wind
- Siemens AG
- Siemens Gamesa Renewable Energy, S.A.
- Suzlon Energy Ltd.
- Vestas Wind Systems A/S
- Wind Prospect Pty Ltd.
