Global Offshore Wind O & M Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Offshore Wind O & M Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Offshore Wind O & M Services market finds that the global Offshore Wind O & M Services market reached a value of USD 2969.49 million in 2022. It’s expected that the market will achieve USD 6872.41 million by 2028, exhibiting a CAGR of 15.01% during the forecast period.

Influence of COVID-19 Outbreak on Offshore Wind Operation and Maintenance Services Industry Development

Large installation base, government intent, and strict environmental laws are the major reasons for increasing wind power market in the country. However, under the new crown epidemic, because the government's income has decreased sharply, and the corresponding subsidies to the wind energy industry will also be reduced, which will hit the development of the industry.

In the first half of 2020, affected by the coronavirus, governments around the world have requested offline stores to stop operating to varying degrees. Similarly, the long-term suspension of grease dealers directly affects the sales.
Under such circumstances, small and medium-sized offshore wind operation and maintenance services companies will face greater market shocks, tight cash flow and sluggish market may accelerate the decline of SMEs, and further accelerate the industry's monopoly pace and increase concentration.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Siemens Gamesa is one of the major players operating in the Offshore Wind O & M Services market, holding a share of 23.46% in 2020.

Siemens Gamesa Renewable Energy S.A., formerly Gamesa Corporación Tecnológica S.A. and

Grupo Auxiliar Metalúrgico S.A., is a Spanish-German wind engineering company based in Zamudio, Biscay, Spain. It manufactures wind turbines and provides onshore and offshore wind services. It is the world's second largest wind turbine manufacturer.
The company is notable for its SG 10.0-193 wind turbine, the largest variant based on the Siemens D7 Platform, as well as being one of the largest wind turbines in the world. Its main competition will be the General Electric Haliade-X and the MHI-Vestas Wind Systems A/s V164.

GE Renewable Energy is a division of General Electric headquartered in Paris, France focusing on production of energy from renewable sources. Its portfolio of products includes wind (onshore and offshore), hydroelectric and solar (concentrated and photovoltaic) power generating solutions.

Segmentation Overview:

Among different product types, Operation Services segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Offshore Wind O & M Services market covered in Chapter 3:

Sinovel
Shanghai Electric
GE Renewable Energy
Vestas Wind Systems A/s
Goldwind
Siemens Gamesa

In Chapter 4 and Chapter 14.2, on the basis of types, the Offshore Wind O & M Services market from 2018 to 2029 is primarily split into:

Operation Services
Maintenance Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Offshore Wind O & M Services market from 2018 to 2029 covers:

Commercial
Demonstration

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)