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Global Wind Turbine Operations and Maintenance Market Size, Share & Trends Analysis Report by Application (Onshore and Offshore), Region (North America, Europe, Asia Pacific, Central & South America, MEA), and Segment Forecasts, 2023-2030

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    Report

  • 101 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5914481
Description Jump to:
The global wind turbine operations and maintenance market size is expected to reach USD 27.24 billion by 2030, registering a CAGR of 7.0% during the forecast period, according to the report. Rising focus to minimize environmental impact in the power generation industry, has fueled the wind energy market. Exponential rise in wind turbine installation across the globe, especially in Asia Pacific, Europe, and North America is expected to have a positive impact on the industry over the forecast period.

Various components such as blades, gearbox, rotors, generator, yaw, and hydraulic pumps are susceptible to failure and require regular condition monitoring to avoid breakdown. Effective maintenance at regular interval helps to decrease failure rate and thus increases the operational efficiency by reducing downtime. Focus to establish cost effective operations & maintenance is expected to fuel industry growth over the next nine years.

Onshore accounted for the largest share of the global market in 2022 and this trend is expected to continue over the forecast period. However, offshore installation is estimated to increase at an unmatched rate, owing to favorable governmental initiatives in China, UK, Germany, Netherlands, Denmark, Japan, and South Korea. This in turn, is predicted to drive the offshore market segment over the next nine years.

Europe held the largest share in offshore installation category, owing to significant installation in countries such as Germany, France, Italy, Spain, Denmark, Netherlands, Belgium, and Sweden. Asia Pacific accounted for the largest revenue share of 42.6% in 2022. The region is estimated to dominate the global market in 2025. Latin America and Middle East & Africa are predicted to create lucrative opportunities over the forecast period.

Wind Turbine Operations and Maintenance Market Report Highlights

  • The global wind turbine operations & maintenance market was valued at USD 15.86 billion in 2022 and is expected to witness rapid growth from 2023 to 2030 owing to increasing capacity installation across the globe
  • Supportive policies to boost the renewable energy sector was one of the key drivers for market growth over the past few years
  • Onshore wind turbine operations & maintenance market held an unassailable share of the overall industry revenues and is driven by advances in technology, regulatory frameworks & policies, initiatives for cost reduction, and environmental concerns.
  • Offshore application segment of the market is expected to rise at a growth rate of 9.9% from 2023 to 2030, owing to the increasing demand as a result of higher energy output
  • In 2022, Asia Pacific dominated the global market in terms of revenue share, owing to increasing capacity installations and rising demand from the rapidly-growing population
  • Central & South America is projected to experience exceptional growth over the forecast period, owing to robust increase in capacity installations.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Wind Turbine Operations And Maintenance Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Wind Turbine Operations And Maintenance Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Wind Turbine Operations And Maintenance : Application Estimates & Trend Analysis
5.1. Wind Turbine Operations And Maintenance Market: Key Takeaways
5.2. Wind Turbine Operations And Maintenance Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Onshore
5.3.1. Onshore market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Offshore
5.4.1. Offshore market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Wind Turbine Operations And Maintenance Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Wind Turbine Operations And Maintenance Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.4. Mexico
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. Germany
6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.2. Denmark
6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.4. Netherlands
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.5. Poland
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.6. Portugal
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.7. Spain
6.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.8. Sweden
6.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.9. UK
6.4.9.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.10. Ireland
6.4.10.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.11. Italy
6.4.11.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.12. Belgium
6.4.12.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Australia
6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.4. Japan
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.5. New Zealand
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.6. South Korea
6.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.6. Central & South America
6.6.1. Argentina
6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.6.2. Brazil
6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. South Africa
6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Siemens Gamesa Renewable Energy, S.A.
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Suzlon Group
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. GENERAL ELECTRIC
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. ENERCON GmbH
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 3 North America wind turbine operations and maintenance market, by region, 2018 - 2030 (USD Million)
Table 4 U.S. wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 5 Canada wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 6 Mexico wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 7 Europe wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 8 Europe wind turbine operations and maintenance market, by region, 2018 - 2030 (USD Million)
Table 9 Germany wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 10 Denmark wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 11 France wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 12 Netherlands wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 13 Poland wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 14 Portugal wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 15 Spain wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 16 Sweden wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 17 UK wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 18 Ireland wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 19 Italy wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 20 Belgium wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 21 Asia Pacific wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 22 Asia Pacific wind turbine operations and maintenance market, by region, 2018 - 2030 (USD Million)
Table 23 Australia wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 24 China wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 25 India wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 26 Japan wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 27 New Zealand wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 28 South Korea wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 29 Central & South America wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 30 Central & South America wind turbine operations and maintenance market, by region, 2018 - 2030 (USD Million)
Table 31 Argentina wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 32 Brazil wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 33 Middle East & Africa wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
Table 34 Middle East & Africa wind turbine operations and maintenance market, by region, 2018 - 2030 (USD Million)
Table 35 South Africa wind turbine operations and maintenance market, by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Wind turbine operations and maintenance : Market outlook
Fig. 9 Wind turbine operations and maintenance : Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Wind turbine operations and maintenance market driver impact
Fig. 15 Wind turbine operations and maintenance market restraint impact
Fig. 16 Wind turbine operations and maintenance market strategic initiatives analysis
Fig. 17 Wind turbine operations and maintenance market: Application movement analysis
Fig. 18 Wind turbine operations and maintenance market: Application outlook and key takeaways
Fig. 19 Onshore market estimates and forecasts, 2018 - 2030
Fig. 20 Offshore market estimates and forecasts, 2018 - 2030
Fig. 21 Global Wind turbine operations and maintenance market: Regional movement analysis
Fig. 22 Global Wind turbine operations and maintenance market: Regional outlook and key takeaways
Fig. 23 North America market estimates and forecasts, 2018 - 2030
Fig. 24 U.S. market estimates and forecasts, 2018 - 2030
Fig. 25 Canada market estimates and forecasts, 2018 - 2030
Fig. 26 Mexico market estimates and forecasts, 2018 - 2030
Fig. 27 Europe market estimates and forecasts, 2018 - 2030
Fig. 28 Germany market estimates and forecasts, 2018 - 2030
Fig. 29 Denmark market estimates and forecasts, 2018 - 2030
Fig. 30 France market estimates and forecasts, 2018 - 2030
Fig. 31 Netherlands market estimates and forecasts, 2018 - 2030
Fig. 32 Poland market estimates and forecasts, 2018 - 2030
Fig. 33 Portugal market estimates and forecasts, 2018 - 2030
Fig. 34 Spain market estimates and forecasts, 2018 - 2030
Fig. 35 Sweden market estimates and forecasts, 2018 - 2030
Fig. 36 UK market estimates and forecasts, 2018 - 2030
Fig. 37 Ireland market estimates and forecasts, 2018 - 2030
Fig. 38 Italy market estimates and forecasts, 2018 - 2030
Fig. 39 Belgium market estimates and forecasts, 2018 - 2030
Fig. 40 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 41 Australia market estimates and forecasts, 2018 - 2030
Fig. 42 China market estimates and forecasts, 2018 - 2030
Fig. 43 India market estimates and forecasts, 2018 - 2030
Fig. 44 Japan market estimates and forecasts, 2018 - 2030
Fig. 45 New Zealand market estimates and forecasts, 2018 - 2030
Fig. 46 South Korea market estimates and forecasts, 2018 - 2030
Fig. 47 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 48 Argentina market estimates and forecasts, 2018 - 2030
Fig. 49 Brazil market estimates and forecasts, 2018 - 2030
Fig. 50 Middle East & Africa market estimates and forecasts, 2018 - 2030
Fig. 51 South Africa market estimates and forecasts, 2018 - 2030

Companies Profiled

  • Siemens Gamesa Renewable Energy, S.A.
  • Suzlon Group
  • GENERAL ELECTRIC
  • ENERCON GmbH

Methodology

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Table Information

Report AttributeDetails
No. of Pages101
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 15.86 Billion
Forecasted Market Value ( USD ) by 2030 $ 27.24 Billion
Compound Annual Growth Rate7.0%
Regions CoveredGlobal
No. of Companies Mentioned4

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