The report "GLOBAL WIND TURBINE OPERATIONS & MAINTENANCE MARKET, UPDATE 2015 - MARKET SIZE, MAJOR CONTENDERS, TRENDS, AND ANALYSIS TO 2020', the latest report offers comprehensive information and analysis of the global wind turbine operations and maintenance (O&M) market. Global expenditure for wind turbine Operations and Maintenance (O&M) will rise from 9.25 billion in 2014 to an estimated 17 billion by 2020, driven by increasing numbers of installations and aging turbines.
The company's latest report "GLOBAL WIND TURBINE OPERATIONS & MAINTENANCE MARKET, UPDATE 2015 - MARKET SIZE, MAJOR CONTENDERS, TRENDS, AND ANALYSIS TO 2020' states that on average, offshore O&M is two to four times more expensive than onshore O&M. Offshore wind power accounted for about 2.4% of the world's cumulative wind power capacity in 2014, but accounts for approximately 10% of the global wind O&M market.
The report provides a clear overview of and detailed insight into the global wind turbine O&M market. It explains the key drivers and challenges affecting the market and also provides data regarding historic and forecast market size, both globally and in the key wind power countries: US, Germany, Spain, UK, China and India.
GlobalData's Analyst covering Power says that a wind farm's O&M is essential as it contributes to value creation, increases turbine availability and boosts returns. "A wind farm's O&M costs account for 10-15% of the total cost of power generation in an onshore wind farm and 25% in an offshore wind farm. Offshore wind maintenance is more expensive as it requires specialists to lift and install components during repairs and general maintenance, while accessibility for scheduled O&M work can be hampered by harsh weather conditions."
The global onshore wind O&M market is forecast to grow in value from 8.34 billion in 2014 to13.43 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 9.2%. However, the offshore wind O&M market value will increase at a rapid CAGR of 26%, from an estimated0.91 billion in 2014 to 3.57 billion by 2020, boosting its share from 9.8% to 21%. ORDER A PURCHASE COPY OF THIS REPORT @HTTP://WWW.RNRMARKETRESEARCH.COM/CONTACTS/PURCHASE?RNAME=337537. (This is a premium report priced at US3995 for a single user License.)
SCOPE
* Detailed historic and forecast statistics for cumulative and annual wind power installations and average turbine sizes from 2006 to 2020, globally and for each of the key countries
* Coverage of the key growth drivers and challenges related to the global wind turbine O&M market
* Coverage of O also, the approximate number of generators, gearboxes, and rotor blades that breakdown and require repairs is discussed
REASONS TO BUY
* Facilitate decision-making based on strong historic and forecast data for the wind turbine O&M market
* Maximize potential in the growth of the wind power market
* Identify key partners and business-development avenues
* Respond to competitors' business structure, strategy and prospects
TABLE OF CONTENTS FOR THIS REPORT
1 TABLE OF CONTENTS
1 Table of Contents 5
1.1 List of Tables 9
1.2 List of Figures 12
2 INTRODUCTION 15
2.1 Wind Power, Technology Definition 15
2.2 Wind Power, Value Chain 15
2.3 Wind Power Operations and Maintenance, Cost Overview 16
2.4 GlobalData Report Guidance 19
3 WIND POWER MARKET, GLOBAL 20
3.1 Wind Power Market, Global, Overview 20
3.2 Wind Power Market, Global, Installed Capacity, 2006-2020 22
3.3 Wind Power Market, Global, Installed Capacity, Share by Country, 2014 24
3.4 Wind Power Market, Global, Electricity Generation, 2006-2020 27
3.5 Wind Power Market, Global, Average Turbine Size, 2006-2020 29
3.6 Wind Power Market, Global, Turbine Market Share, 2014 31
3.7 Wind Power Market, Global, Major Market Trends and Forecasts 34
3.8 Offshore Wind Power Market, Global, Key Drivers 36
3.9 Offshore Wind Power Market, Global, Key Barriers to Growth 37
4 WIND TURBINE OPERATIONS AND MAINTENANCE MARKET, GLOBAL 38
4.1 Wind Turbine Operations and Maintenance Market, Global, Overview 38
4.2 Wind Turbine Operations and Maintenance Market, Global, Market Size, 2006-2020 39
4.3 Wind Turbine Operations and Maintenance Market, Global, Share by Market Segment, 2014 and 2020 40
4.4 Wind Turbine Operations and Maintenance Market, Global, Share of Major Countries, 2014 and 2020 41
4.5 Wind Turbine Operations and Maintenance Market, Analysis of Major Components 43
4.6 Wind Turbine Operations and Maintenance Market, Global, Number of Repairs, 2006-2020 45
4.7 Wind Turbine Operations and Maintenance Market, Global, Market Forces Analysis 47
4.8 Wind Turbine Operations and Maintenance Market, Global, Market Trends 52
5 WIND TURBINE OPERATIONS AND MAINTENANCE MARKET, US 56
6 WIND TURBINE OPERATIONS AND MAINTENANCE MARKET, GERMANY 71
7 WIND TURBINE OPERATIONS AND MAINTENANCE MARKET, SPAIN 85
8 WIND TURBINE OPERATIONS AND MAINTENANCE MARKET, UK 100
9 WIND TURBINE OPERATIONS AND MAINTENANCE MARKET, CHINA 115
10 WIND TURBINE OPERATIONS AND MAINTENANCE MARKET, INDIA 129
11 APPENDIX 144
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The post Global Wind Turbine Operations and Maintenance Market Worth 17 Billion by 2020 appeared first on World Of Wind Energy.
