Global Wind Turbine Decommissioning Services Market 2024-2028
The wind turbine decommissioning services market is forecasted to grow by USD 1721.33 mn during 2023-2028, accelerating at a CAGR of 13.86% during the forecast period. The report on the wind turbine decommissioning services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by significant reductions in LCOE due to reduced capital costs, increase in the number of aging wind farms, and regulations supporting wind decommissioning.
Technavio's wind turbine decommissioning services market is segmented as below:
By Application
By Type
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the rise in offshore installations as one of the prime reasons driving the wind turbine decommissioning services market growth during the next few years. Also, rising investments in renewable energy and flourishing secondary market for dismantled wind turbines will lead to sizable demand in the market.
The report on the wind turbine decommissioning services market covers the following areas:
- Wind turbine decommissioning services market sizing
- Wind turbine decommissioning services market forecast
- Wind turbine decommissioning services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine decommissioning services market vendors that include A1Wind, Aggreko Plc, Belson Steel and Scrap, Cadeler, Deltares, DEME NV, EOS Engineering and Service Co. Ltd., General Electric Co., Intertek Group Plc, Jack up Barge B.V., NIRAS AS, Oceaneering International Inc., Principle Power Inc., Ramboll Group AS, ReBlade, Secure Energy Services, SgurrEnergy, Wilh. Wilhelmsen Holding ASA, Wind Decom, and Xinjiang Goldwind Science and Technology Co. Ltd.. Also, the wind turbine decommissioning services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.