"Wind Operations & Maintenance (O&M) Market - Global Market Size, Share by Component, Competitive Landscape and Key Country Analysis to 2020" is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Global Wind O&M market.
The research provides an understanding of the technology, key drivers and challenges in the global wind power market. It also provides historical and forecast data to 2020 for installed capacity and power generation. The report details global market size of wind O&M market, market share by company type (Original Equipment Manufacturers, Independent Service Providers and In-house), O&M market share by onshore - offshore wind market and key company analysis. The report also provides market data on out of warranty turbines (in MW), gearbox repairs and refurbishment market (in units) and blade repairs (in units) during the period of 2011-2020. Major countries analyzed in the report include China, the US, Germany, Spain, and India.
The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.
Scope
The report analyses market trends and opportunities in the global wind O&M market. The scope of the report includes -
Historical period of the report is 2006 to 2010 and forecast period is for 2011 to 2020.
The report analyzes global wind market and undertakes a detailed study to understand the industry landscape.
The report provides market size of wind O&M market in the world along with major markets such as Germany, Spain, The US, China and India.
The report provides O&M market size for both onshore and offshore wind segments.
The report details major market trends in onshore and offshore wind markets.
The report provides share by company type (Original Equipment Manufacturers, Independent Service Providers and In-house).
The report guages the market for out of warranty turbines, gearbox repairs and refurbishment market (in units) and blade repairs (in units) for the period of 2011-2020.
The report provides a snapshot of orginal equipment manufacturers such as Vestas Wind Systems A/S, Enercon GmbH, GE Energy and Gamesa Corporacion Tecnologica, S.A.
Reasons to buy
The report will enhance your decision making capability. It will allow you to -
Facilitate decision-making based on strong historic and forecast data for wind O&M market.
Develop strategies based on the latest trends in the market.
Position yourself to gain the maximum advantage of the industry's growth potential
Identify key partners and business development avenues.
Respond to your competitors' business structure, strategy and prospects.
Table of Contents
Table of Contents
1. Table of Contents
1.1. List of Tables
1.2. List of Figures
2. Introduction
2.1. Wind Power, Technology Definition
2.2. Wind Power, Value Chain
2.3. Wind Operations and Maintenance
2.3.1. Why is it Important?
2.4. GlobalData Report Guidance
3. Wind Power Market, Global, 2006-2020
3.1. Wind Power Market, Global, Overview
3.2. Wind Power Market, Global, Installed Capacity, MW, 2006-2020
3.3. Wind Power Market, Global, Installed Capacity Share by Country, 2010-2011
3.4. Wind Power Market, Global, Turbine Market Share, 2009-2010
3.5. Wind Power Market, Global, Major Market Trends
3.5.1. Emerging Economies and Emerging Wind Markets to Gain Market Share during 2010-2020
3.5.2. Global Wind Power Market Consolidation Activity will Increase
3.5.3. Average Wind Turbine Size in Wind Installations will Continue to Increase
3.5.4. Increasing Preference for Large Installations
3.5.5. Offshore Wind Market Development will Continue Growth Trajectory and Gain Momentum during 2010-2020
4. Offshore Wind Power Market, Global, 2006-2020
4.1. Offshore Wind Power Market, Overview
4.2. Offshore Wind Power Market, Global, Installed Capacity, MW, 2006-2020
4.3. Offshore Wind Power Market, Global, Installed Capacity Share by Country, 2010
4.4. Offshore Wind Power Market, Global, Turbine Market Share, 2010
5. Wind Operations and Maintenance Market, Global, 2006-2020
5.1. Wind Operations and Maintenance Market, Global, Overview
Table 19: Wind Operations and Maintenance Market, Global, Some of the Major Independent Service Providers, 2011
Table 20: Wind Operations and Maintenance Market, Global, Share by Company Type, %, 2011-2015
Table 21: Wind Operations and Maintenance Market, Global, Share by Type of Maintenance, %, 2011
Table 22: Wind Operations and Maintenance Market, Global, Share by Major Countries, %, 2011-2020
Table 23: Wind Operations and Maintenance Market, Global, Inspection Aspects in Major Components
Table 24: Wind Operations and Maintenance Market, Global, Causes for Component Failure
Table 25: Wind Operations and Maintenance Market, Global, Cause and Effect of a Turbine Failure, Component Breakdown and Subsequent Loss of Turbine Availability
Table 26: Wind Operations and Maintenance Market, Global, Share by Component Type in Turbine Maintenance Cost, %, 2011
Table 27: Wind Operations and Maintenance Market, Global, Turbine Capacity Out of Warranty, MW, 2011-2020
Table 28: Wind Operations and Maintenance Market, Global, Gearbox Repair and Refurbishment, Number of Units, 2011-2020
Table 29: Wind Operations and Maintenance Market, Global, Category of Gearbox Repair and Refurbishment Companies
Table 30: Wind Operations and Maintenance Market, Global, Gearbox Repair and Refurbishment Cost for a 2 MW, €, 2011
Table 31: Wind Operations and Maintenance Market, Global, Blade Repairs, Number of Units, 2011-2020
Table 32: Wind Operations and Maintenance Market, Global, Direct Employment Opportunity, 2006-2020
Table 33: Wind Operations and Maintenance Market, Global, Competitive Landscape of Major Equipment Manufacturers, 2011
Table 34: Wind Power Market, Germany, Installed Capacity, (MW), 2006-2020
Figure 25: Wind Operations and Maintenance Market, Global, Share by Company Type, %, 2011
Figure 26: Wind Operations and Maintenance Market, Global, Share by Company Type, %, 2015
Figure 27: Onshore Wind Operations and Maintenance Market, Global, Share by Type of Maintenance, %, 2011
Figure 28: Offshore Wind Operations and Maintenance Market, Global, Share by Type of Maintenance, %, 2011
Figure 29: Wind Operations and Maintenance Market, Global, Share by Major Countries, %, 2011
Figure 30: Wind Operations and Maintenance Market, Global, Share by Major Countries, %, 2020
Figure 31: Wind Operations and Maintenance Market, Global, Cause and Effect of a Turbine Failure, Component Breakdown and Subsequent Loss of Turbine Availability
Figure 32: Wind Operations and Maintenance Market, Global, Share by Component Type in Turbine Maintenance Cost, %, 2011
Figure 33: Wind Operations and Maintenance Market, Global, Turbine Capacity Out of Warranty or Out of Service Contracts, MW, 2011-2020
Figure 34: Wind Operations and Maintenance Market, Global, Gearbox Repair and Refurbishment, Number of Units, 2011-2020
Figure 35: Wind Operations and Maintenance Market, Global, Blade Repairs, Number of Units, 2011-2020
Figure 36: Wind Operations and Maintenance Market, Global, Direct Employment Opportunity, 2006-2020
Figure 37: Wind Power Market, Germany, Installed Capacity, (MW), 2006-2020
Figure 93: Wind Operations and Maintenance Market, China, Share by Market Segment, %, 2011
Figure 94: Wind Operations and Maintenance Market, China, Share by Market Segment, %, 2020
Figure 95: Wind Operations and Maintenance Market, China, Share by Company Type, %, 2011
Figure 96: Wind Operations and Maintenance Market, China, Share by Company Type, %, 2015
Figure 97: Wind Operations and Maintenance Market, China, Turbine Capacity Out of Warranty or Out of Service Contracts, MW, 2011-2020
Figure 98: Wind Operations and Maintenance Market, China, Gearbox Refurbishment, Number of Units, 2011-2020
Figure 99: Wind Operations and Maintenance Market, China, Blade Repairs, Number of Units, 2011-2020
Figure 100: Wind Operations and Maintenance Market, China, Direct Employment Opportunity, 2006-2020
Figure 101: Wind Power Market, India, Installed Capacity, (MW), 2006-2020
Figure 102: Wind Power Market, India, Cumulative Installed Capacity Split by Major States, (%), 2010-2011
Figure 103: Wind Power Market, India, Domestic Production Capacity, (GW), 2009-2013
Figure 104: Wind Power Market, India, Export of Wind Equipment, ($m), 2008-2011
Figure 105: Wind Operations and Maintenance Market, India, Market Size, $m, 2006-2020
Figure 106: Wind Operations and Maintenance Market, India, Share by Company Type, %, 2011
Figure 107: Wind Operations and Maintenance Market, India, Share by Company Type, %, 2015
Figure 108: Wind Operations and Maintenance Market, India, Turbine Capacity Out of Warranty or Out of Service Contracts, MW, 2011-2020
Figure 109: Wind Operations and Maintenance Market, India, Gearbox Refurbishment, Number of Units, 2011-2020
Figure 110: Wind Operations and Maintenance Market, India, Rotor Blade Repairs, Number of Units, 2011-2020
Figure 111: Wind Operations and Maintenance Market, India, Direct Employment Opportunity, 2006-2020
Wind Operations & Maintenance (O&M) Market - Global Market Size, Share by Component, Competitive Landscape and Key Country Analysis to 2020 published by GlobalData in January 16, 2012. This report consists of Pages: 191 and the price starts from US $ 3995.
Press Release
Wind Operations & Maintenance (O&M) - Market Driven by Financial Incentives, Subsidies and Component Failure Rates
January 26th, 2012
Global Information Inc. would like to present a new market research report, "Wind Operations & Maintenance (O&M) Market - Global Market Size, Share by Component, Competitive Landscape and Key Country Analysis to 2020" by GlobalData.
Operations and Maintenance (O&M) costs contribute to the long term running of wind farms, result in increased returns and increase in turbine availability. These are recurring costs which are necessary for the running of a wind project over its project cycle. O&M costs are decisive for a wind project, constituting 10-15% of the cost of a wind project. Operational costs are costs which occur annually for everyday operation of a wind farm. These costs are fixed and typically involve staff cost, site management, tools and equipment cost and SCADA system costs. Maintenance costs are directly associated with wind turbines. Maintenance costs continue to rise during the life of a project as the turbine gets older due to wear and tear.
The Wind Operations and Maintenance (O&M) Market Grew Over 17% In The Past Five Years
Valued at $2.6 billion in 2006, the global wind operations and maintenance (O&M) market grew at a CAGR of 17.8% to exceed $5 billion in 2011. This market is expected to reach $13.1 billion in 2020 at a CAGR of 9.4%. The market revenues are increasing due to increasing installations backed by financial incentives, capital subsidies and tax rebates. In addition, the market growth is also boosted by component failure rates and ageing wind turbines in operation. The O&M market growth is restrained by a lack of skilled manpower and the cost of logistics.
Installed Capacity for Wind Energy Grew at CAGR of 26.2% Between 2006 and 2011
The installed capacity for wind energy around the globe is expected to increase at a CAGR of 26.2% from 74,107 MW in 2006 to 237,354 MW in 2011 of which 39,151 MW is estimated to have come online in 2011. The global wind power installed capacity will reach 718,052 MW by 2020. The market recovered in 2011 after a 10.9% fall in annual additions in 2010 as major wind markets such as the US, Germany and Spain faced economic problems following the global economic crisis. Wind turbine installations in 2010 amounted to more than $38.3 billion. The industry also provides employment to over 450,000 people worldwide. The exponential growth of the wind energy market is fueled by depleting fossil fuel reserves, the declining cost of wind power generation and a growing sensitivity for the environment supported by financial incentives by various governments across the world. China, the US, Germany, Spain and India are the major wind markets in the world accounting for a 72.3% share of the global cumulative installed capacity in 2011.
While the major countries for wind power - the US, Germany, Spain, France, Italy, India and China will see a reduction in growth over the forecast period 2011 2020, emerging markets from Asia-Pacific and South and Central America will gain considerable market share. The growing Asia-Pacific wind power market powered by India, China and other emerging countries such as Republic of Korea, Thailand and Philippines will continue to drive the market in the region. Countries such as Argentina, South Africa, Philippines, Ukraine, Brazil, Republic of Korea and Mexico are some of the nascent wind markets which are set to expand rapidly in the forecast period.
China Replaces the US as the Largest Wind Market in 2010
In 2010, China emerged as the largest wind market in the world when it surpassed the US. The main factor that has contributed to this country emerging as a market leader in 2010 is strong government support. The cumulative installed capacity of wind power in China has increased from 2,604 MW in 2006 to 60,307 MW in 2011 at a CAGR of 87.5%. Chinas wind market exceeded growth of 100% between 2006 and 2009, driven by government support in the form of favorable rules and regulations and a speedy approval process. The country added 13.8 GW of installed capacity in 2009, doubling the capacity for the fourth year in a row to 25.9 GW. In 2010, China added 18.8 GW of annual capacity at an annual growth rate of 72.4% and in 2011 the growth in annual growth rate further slipped down to 34.8%. Supportive government policies which include an attractive concessional program and the availability of low cost financing from government banks are critical reasons for the success of the Chinese wind power market. It is expected that China will continue to promote wind power in order to reduce its carbon footprint and increase rural electrification.
The US accounted for 20.3% share of the global wind power market in 2011. Germany was the third largest wind power market in the world (12.1% in 2011 and 13.7% in 2010) followed by Spain (9.4% in 2011). The other major wind power markets include India, the UK, Italy, France, Canada and Portugal.
Offshore Wind To Account for 9% of the Total Wind Power Market by 2020
While offshore wind power installations accounted for 1.6% of the global wind power market in 2010, with an increasing number of countries exploiting offshore wind potential during the forecast period 2011 2020, it is expected that its share will reach 9% by 2020. The offshore wind market is expected to become one of the key market segments of wind power generation during the forecast period. It is being increasingly explored across the world for its high yield due to stronger and more consistent winds compared to onshore with scope to construct massive GW-scale projects. The UK, Germany, the Netherlands, the US and China are the biggest offshore wind power markets in the world with a number of projects currently in planning and under construction.
Offshore Wind to Account for 19% of the Total Wind O&M Market by 2020
Offshore wind accounts for 6.3% of the total wind O&M market in 2011, but this is expected to increase to 19% by 2020. Offshore wind attracts higher O&M costs in comparison to onshore wind primarily because offshore wind has challenges relating to lower turbine availability, high logistics costs and a lack of skilled manpower. Although onshore wind also faces logistics and manpower issues, the impact of these factors on the offshore segment is higher. It is estimated that revenues from the offshore wind O&M market segment will continue to grow till 2020.
Original Equipment Manufacturers (OEM) Accounted for 72.2% of the Wind O&M market with a share of 72.2% in 2011
With a share of 72.2% in 2011, Original Equipment Manufacturers (OEM) currently dominate the wind O&M market. This share is expected to decrease 5.2% by 2015 as there will be increased competition from Independent Service Providers (ISP) in major wind O&M markets such as Germany, Spain, the UK, the US and China. Vestas, Gamesa, GE Energy, Enercon, Siemens, GoldWind and Sinovel are some of the main OEMs that account for the majority of market share in 2011. Large OEMs such as Vestas, Gamesa, GE and Siemens are signing long term service contracts to negate the impact of ISPs in the wind O&M market. ISPs will continue to gain market share in the post-warranty market as they are accessible, study local conditions well and are cost efficient. By 2015, ISPs will have a 20% share of the total wind O&M market. Wind farm owners (WFO) share in the wind O&M market accounts for 11.7% in 2011 and most of the owners who perform O&M in-house are utilities with vast experience in handling large power projects.
The US Holds over 20% of the Global Wind O&M Market in 2011
With a share of 20.2% in 2011, the US was the largest wind O&M market in the world. This is expected to increase to 23.8% in 2020. Germany is the second largest wind O&M market in the world and accounts for 18.3%, followed by China with a 14.6% share in 2011. China is expected to surpass Germany to emerge as the second largest wind O&M market by 2013 and in 2020 China will account for 18.8% of the global market size. Spain is the second largest wind O&M market in Europe in 2011. The country accounts for 13.9% of the global market share in 2011, followed by the UK which accounts for 6.4% of the global market. The UK will surpass Spain to emerge as the second largest wind O&M market in Europe by 2015 and will account for 11% of the global market in 2020. India accounts for 4.5% of the global market in 2011 and others contribute 22.1%.
About the Report
"Wind Operations & Maintenance (O&M) Market - Global Market Size, Share by Component, Competitive Landscape and Key Country Analysis to 2020" is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Global Wind O&M market. The research provides an understanding of the technology, key drivers and challenges in the global wind power market. It also provides historical and forecast data to 2020 for installed capacity and power generation. The report details global market size of wind O&M market, market share by company type (Original Equipment Manufacturers, Independent Service Providers and In-house), O&M market share by onshore - offshore wind market and key company analysis. Major countries analyzed in the report include China, the US, Germany, Spain, and India.
