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 turbines 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.
Wind Farm Operation and Maintenance Market contains market size and forecasts of Wind Farm Operation and Maintenance in Global, including the following market information:
- Global Wind Farm Operation and Maintenance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Wind Farm Operation and Maintenance market was valued at 11920 million in 2021 and is projected to reach US$ 26610 million by 2028, at a CAGR of 12.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Wind Farm Developer Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Wind Farm Operation and Maintenance include Vestas, Siemens gamesa, GE renewable energy, Enercon, Goldwind, Suzlon, Global Wind Service, Deutsche Windtechnik and Stork, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Wind Farm Operation and Maintenance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wind Farm Operation and Maintenance Market, by End Users, 2017-2022, 2023-2028 ($ millions)
Global Wind Farm Operation and Maintenance Market Segment Percentages, by End Users, 2021 (%)
- Wind Farm Developer
- Wind Turbine Manufacturer
- Third Party Companies
Global Wind Farm Operation and Maintenance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Wind Farm Operation and Maintenance Market Segment Percentages, by Application, 2021 (%)
- Onshore Wind
- Offshore Wind
Global Wind Farm Operation and Maintenance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Wind Farm Operation and Maintenance Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Wind Farm Operation and Maintenance revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Wind Farm Operation and Maintenance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- 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
Industry Market Size
