Global Wind Turbines Maintenance, Repair & Overhaul (MRO) Market
End User/ Technology
Maintainance, repair & overhaul of a wind turbine is required at fixed intervals to ensure high performance and efficiency. Some of the key equipment which requires routine maintenance are gearbox, generator and wind blades. The tip speed ratio (ratio of the speed at the tip of the blade to the wind speed) needs to be maintained at 6 or 7 to reach high functional efficiency.
Shifting trend to cleaner and greener energy along with favorable Govt. policies are driving the growth of the market. Increase in the number of offshore wind energy generation facilities is creating demand for wind turbines which leads to the growth of wind turbine MRO market. Technological advancement, increasing demand for energy especially from developing countries on account of rapid industrialization and urbanization are also helping the wind turbine MRO market to grow. Less cost for per unit of energy generation is one of the major advantages of wind energy. High initial capital expenditure for setting up a wind energy plant is one of the primary restraints for the market.
The wind turbine MRO market can be segmented based on the maintenance of various equipment. Some of the major equipment under MRO market are gearbox, generator, wind blades, electrical systems, and other wind turbine parts. From the cost of maintenance point of view gearbox, generator and wind blades have the largest market share while electrical systems require more frequent maintenance and repairment.
The wind turbine MRO market can be regionally segmented into five parts Europe, North America, South America, the Asia Pacific and Middle East & Africa. The Asia Pacific is the current market leader and expected to grow at the highest CAGR in the forecasted period due to its consistent demand for energy. The European market is also expected to witness a substantial growth during the forecasted period.
Strict environmental standards driving the need for alternative energy, favorable Govt. policies, and technological advancement coupled with increasing demand for energy is creating lots of Opportunities for the wind energy market which in turn is providing growth Opportunities for the wind turbine MRO market. Apart from large manufacturers small and large independent service providers are also gaining a significant presence in the market.
Some of the major players in the market include Vestas, Moventas, Siemens, Stork Gears & Services, Mekanord, Gamesa, and Suzlon etc.
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
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