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 aims to provide a comprehensive presentation of the global market for Wind Farm Operation and Maintenance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Farm Operation and Maintenance. 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, 2018-2023, 2024-2029, ($ millions)
- Global top five companies in 2022 (%)
The global Wind Farm Operation and Maintenance market was valued at US$ 11920 million in 2022 and is projected to reach US$ 26610 million by 2029, at a CAGR of 12.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Vestas is one of the most important global key players of the wind farm operation and maintenance, holds more about 20% of shares of the global wind farm operation and maintenance market, other key players include Siemens gamesa, GE renewable energy, etc. In terms of end user, wind turbine manufacturer is the largest segment, with a share of about 50%, and in terms of application, the onshore wind segment holds a share of over 90 percent.
We 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 Type, 2018-2023, 2024-2029 ($ millions)
Global Wind Farm Operation and Maintenance Market Segment Percentages, by Type, 2022 (%)
- Wind Farm Developer
- Wind Turbine Manufacturer
- Third Party Companies
Global Wind Farm Operation and Maintenance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Wind Farm Operation and Maintenance Market Segment Percentages, by Application, 2022 (%)
- Onshore Wind
- Offshore Wind
Global Wind Farm Operation and Maintenance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Wind Farm Operation and Maintenance Market Segment Percentages, By Region and Country, 2022 (%)
- 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, 2018-2023 (estimated), ($ millions)
- Key companies Wind Farm Operation and Maintenance revenues share in global market, 2022 (%)
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
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Wind Farm Operation and Maintenance, market overview.
- Chapter 2: Global Wind Farm Operation and Maintenance market size in revenue.
- Chapter 3: Detailed analysis of Wind Farm Operation and Maintenance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Wind Farm Operation and Maintenance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
Industry Market Size
