Wind Turbine Operations and Maintenance Market Size, Share, Growth and Industry Analysis Report, 2018 to 2025

The global wind turbine operations and maintenance market size was valued at USD 8.08 billion in 2016 and is expected to witness a growth at a CAGR of 11.1% from 2017 to 2025.

(firmenpresse) - The global wind turbine operations & maintenance market is expected to reach USD 20.3 billion by 2025, according to a new report by Grand View Research, Inc. Rising focus to minimize environmental impact in the power generation industry, has fueled the wind energy market. Exponential rise in wind turbine installation across the globe, especially in Asia Pacific, Europe, and North America is expected to have a positive impact on the industry over the forecast period.

Various components such as blades, gearbox, rotors, generator, yaw, and hydraulic pumps are susceptible to failure and require regular condition monitoring to avoid breakdown. Effective maintenance at regular interval helps to decrease failure rate and thus increases the operational efficiency by reducing downtime. Focus to establish cost effective operations & maintenance is expected to fuel industry growth over the next nine years.

Onshore accounted for the largest share of the global market in 2016 and this trend is expected to continue over the forecast period. However, offshore installation is estimated to increase at an unmatched rate, owing to favorable governmental initiatives in China, UK, Germany, Netherlands, Denmark, Japan, and South Korea. This in turn, is predicted to drive the offshore market segment over the next nine years.

Europe held the largest share in 2016, owing to significant installation in countries such as Germany, France, Italy, Spain, Denmark, Netherlands, Belgium, and Sweden. Asia Pacific is expected to grow at a promising rate over the forecast period. The region is estimated to dominate the global market in 2025. Latin America and Middle East & Africa are predicted to create lucrative opportunities over the forecast period.

Further key findings from the report suggest:
& maintenance market was valued at USD 8.08 billion in 2016 and is expected to witness rapid growth from 2017 to 2025 owing to increasing capacity installation across the globe

& maintenance market held an unassailable share of the overall industry revenues and is estimated to reach over USD 18 billion by 2025





& Africa are projected to experience exceptional growth over the forecast period, owing to robust increase in capacity installations

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Leseranfragen:
PresseKontakt / Agentur:
Bereitgestellt von Benutzer: HexaResearch
Datum: 18.12.2019 - 06:49 Uhr
Sprache: Deutsch
News-ID 1554854
Anzahl Zeichen: 3714

contact information:
Contact person:
Town:

San Francisco

Phone: 1-888- 202-9519

Kategorie:

Energy & Utilities

Typ of Press Release: Financial
type of sending: send
Date of sending: 18.12.2019
Anmerkungen:


Diese Pressemitteilung wurde bisher 638 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Wind Turbine Operations and Maintenance Market Size, Share, Growth and Industry Analysis Report, 2018 to 2025
"
steht unter der journalistisch-redaktionellen Verantwortung von

Grand View Research, Inc. (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Alle Meldungen von Grand View Research, Inc.