Global Wind Turbine Operations & Maintenance Market Growth (Status and Outlook) 2023-2029

Global Wind Turbine Operations & Maintenance Market Growth (Status and Outlook) 2023-2029

Operation and maintenance (O&M) costs constitute a sizeable share of the total annual costs of a wind turbine. For a new turbine, O&M costs may easily make up 20-25 per cent of the total levelised cost per kWh produced over the lifetime of the turbine. If the turbine is fairly new, the share may only be 10-15 per cent, but this may increase to at least 20-35 per cent by the end of the turbine’s lifetime. As a result, O&M costs are attracting greater attention, as manufacturers attempt to lower these costs significantly by developing new turbine designs that require fewer regular service visits and less turbine downtime.

LPI (LP Information)' newest research report, the “Wind Turbine Operations & Maintenance Industry Forecast” looks at past sales and reviews total world Wind Turbine Operations & Maintenance sales in 2022, providing a comprehensive analysis by region and market sector of projected Wind Turbine Operations & Maintenance sales for 2023 through 2029. With Wind Turbine Operations & Maintenance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wind Turbine Operations & Maintenance industry.

This Insight Report provides a comprehensive analysis of the global Wind Turbine Operations & Maintenance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wind Turbine Operations & Maintenance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wind Turbine Operations & Maintenance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Turbine Operations & Maintenance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wind Turbine Operations & Maintenance.

The global Wind Turbine Operations & Maintenance market size is projected to grow from US$ 11330 million in 2022 to US$ 26960 million in 2029; it is expected to grow at a CAGR of 13.2% from 2023 to 2029.

The global top five wind turbine operations and maintenance manufacturers include Vestas, Siemens gamesa, GE renewable energy, Enercon, and Goldwind, which together account for about 50% of the market share. The largest manufacturer is Vestas, with a market share of about 20%. The Asia-Pacific region is the most important wind turbine operations and maintenance consumer market in the world, with a market share of more than 45%. In terms of type, wind turbine manufacturers have a market share of more than 45%. In the application field, the market share of onshore wind exceeds 90%.

This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Operations & Maintenance market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Wind Farm Developers
Wind Turbine Manufacturers
Third Party Companies

Segmentation by application
Onshore Wind
Offshore Wind

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vestas
Siemens gamesa
GE renewable energy
Enercon
Goldwind
Suzlon
Global Wind Service
Deutsche Windtechnik
Stork
Mingyang Smart ENERGY
Ingeteam
Envision Group
Dongfang Electric Wind
BHI Energy
GEV Group
EOS Engineering & Service Co., Ltd

Please note: The report will take approximately 2 business days to prepare and deliver.