Wind Turbine Services Market in Europe 2024-2028

The wind turbine services market in Europe is forecasted to grow by USD 2889.72 mn during 2023-2028, accelerating at a CAGR of 8.48% during the forecast period. The report on the wind turbine services market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in wind energy consumption, expansion in offshore wind, and a rising need for grid stabilization and energy storage.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	8.3%
CAGR	8.48%
Incremental Value	$2889.72mn

Technavio's wind turbine services market in Europe is segmented as below:

By Application

On-shore
Off-shore

By Type

OEM
ISP
In-house

By Geography

Europe

This study identifies the development of hybrid model as one of the prime reasons driving the wind turbine services market in Europe growth during the next few years. Also, declining ICOE of wind power generation and emergence of advanced inspection techniques will lead to sizable demand in the market.

The report on the wind turbine services market in Europe covers the following areas:

Wind turbine services market in Europe sizing
Wind turbine services market in Europe forecast
Wind turbine services market in Europe industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine services market in Europe vendors that include ABB Ltd., Acciona SA, B9 Energy Ltd., Buss Energy Group GmbH, Deutsche Windtechnik AG, E.ON SE, Emergya Wind Technologies BV, Enercon Services Inc., Fassmer Industrial Service GmbH and Co. KG, Fred. Olsen Ocean AS, General Electric Co., Ingeteam Corp. S.A., Nordex SE, Orsted AS, P and A Renewable Services, PNE AG, Repower AG, Siemens AG, Vestas Wind Systems AS, and Suzlon Energy Ltd.. Also, the wind turbine services market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71739

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ million)

4 Historic Market Size

4.1 Wind turbine services market in Europe 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on wind turbine services market in Europe 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 29: Chart on Application - Market share 2023-2028 (%)
Exhibit 30: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 31: Chart on Comparison by Application
Exhibit 32: Data Table on Comparison by Application
6.3 On-shore - Market size and forecast 2023-2028
Exhibit 33: Chart on On-shore - Market size and forecast 2023-2028 ($ million)
Exhibit 34: Data Table on On-shore - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Chart on On-shore - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on On-shore - Year-over-year growth 2023-2028 (%)
6.4 Off-shore - Market size and forecast 2023-2028
Exhibit 37: Chart on Off-shore - Market size and forecast 2023-2028 ($ million)
Exhibit 38: Data Table on Off-shore - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Chart on Off-shore - Year-over-year growth 2023-2028 (%)
Exhibit 40: Data Table on Off-shore - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 41: Market opportunity by Application ($ million)
Exhibit 42: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 43: Chart on Type - Market share 2023-2028 (%)
Exhibit 44: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 OEM - Market size and forecast 2023-2028
Exhibit 47: Chart on OEM - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Data Table on OEM - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Chart on OEM - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on OEM - Year-over-year growth 2023-2028 (%)
7.4 ISP - Market size and forecast 2023-2028
Exhibit 51: Chart on ISP - Market size and forecast 2023-2028 ($ million)
Exhibit 52: Data Table on ISP - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Chart on ISP - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on ISP - Year-over-year growth 2023-2028 (%)
7.5 In-house - Market size and forecast 2023-2028
Exhibit 55: Chart on In-house - Market size and forecast 2023-2028 ($ million)
Exhibit 56: Data Table on In-house - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Chart on In-house - Year-over-year growth 2023-2028 (%)
Exhibit 58: Data Table on In-house - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
Exhibit 59: Market opportunity by Type ($ million)
Exhibit 60: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 62: Chart on Market share by geography - 2023-2028 (%)
Exhibit 63: Data Table on Market share by geography - 2023-2028 (%)
9.2 Geographic comparison
Exhibit 64: Chart on Geographic comparison
Exhibit 65: Data Table on Geographic comparison
9.3 Germany - Market size and forecast 2023-2028
Exhibit 66: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 67: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 69: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.4 UK - Market size and forecast 2023-2028
Exhibit 70: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 71: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 73: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.5 Sweden - Market size and forecast 2023-2028
Exhibit 74: Chart on Sweden - Market size and forecast 2023-2028 ($ million)
Exhibit 75: Data Table on Sweden - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Chart on Sweden - Year-over-year growth 2023-2028 (%)
Exhibit 77: Data Table on Sweden - Year-over-year growth 2023-2028 (%)
9.6 Spain - Market size and forecast 2023-2028
Exhibit 78: Chart on Spain - Market size and forecast 2023-2028 ($ million)
Exhibit 79: Data Table on Spain - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Chart on Spain - Year-over-year growth 2023-2028 (%)
Exhibit 81: Data Table on Spain - Year-over-year growth 2023-2028 (%)
9.7 Rest of Europe - Market size and forecast 2023-2028
Exhibit 82: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 83: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibit 85: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
9.8 Market opportunity by geography
Exhibit 86: Market opportunity by geography ($ million)
Exhibit 87: Data Table on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 88: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 89: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 90: Overview on factors of disruption
11.4 Industry risks
Exhibit 91: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 92: Vendors covered
12.2 Market positioning of vendors
Exhibit 93: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 94: ABB Ltd. - Overview
Exhibit 95: ABB Ltd. - Business segments
Exhibit 96: ABB Ltd. - Key offerings
Exhibit 97: ABB Ltd. - Segment focus
12.4 Acciona SA
Exhibit 98: Acciona SA - Overview
Exhibit 99: Acciona SA - Business segments
Exhibit 100: Acciona SA - Key news
Exhibit 101: Acciona SA - Key offerings
Exhibit 102: Acciona SA - Segment focus
12.5 E.ON SE
Exhibit 103: E.ON SE - Overview
Exhibit 104: E.ON SE - Business segments
Exhibit 105: E.ON SE - Key news
Exhibit 106: E.ON SE - Key offerings
Exhibit 107: E.ON SE - Segment focus
12.6 Emergya Wind Technologies BV
Exhibit 108: Emergya Wind Technologies BV - Overview
Exhibit 109: Emergya Wind Technologies BV - Product / Service
Exhibit 110: Emergya Wind Technologies BV - Key offerings
12.7 Enercon Services Inc.
Exhibit 111: Enercon Services Inc. - Overview
Exhibit 112: Enercon Services Inc. - Product / Service
Exhibit 113: Enercon Services Inc. - Key offerings
12.8 Fassmer Industrial Service GmbH and Co. KG
Exhibit 114: Fassmer Industrial Service GmbH and Co. KG - Overview
Exhibit 115: Fassmer Industrial Service GmbH and Co. KG - Product / Service
Exhibit 116: Fassmer Industrial Service GmbH and Co. KG - Key offerings
12.9 Fred. Olsen Ocean AS
Exhibit 117: Fred. Olsen Ocean AS - Overview
Exhibit 118: Fred. Olsen Ocean AS - Product / Service
Exhibit 119: Fred. Olsen Ocean AS - Key offerings
12.10 General Electric Co.
Exhibit 120: General Electric Co. - Overview
Exhibit 121: General Electric Co. - Business segments
Exhibit 122: General Electric Co. - Key news
Exhibit 123: General Electric Co. - Key offerings
Exhibit 124: General Electric Co. - Segment focus
12.11 Ingeteam Corp. S.A.
Exhibit 125: Ingeteam Corp. S.A. - Overview
Exhibit 126: Ingeteam Corp. S.A. - Product / Service
Exhibit 127: Ingeteam Corp. S.A. - Key offerings
12.12 Nordex SE
Exhibit 128: Nordex SE - Overview
Exhibit 129: Nordex SE - Business segments
Exhibit 130: Nordex SE - Key offerings
Exhibit 131: Nordex SE - Segment focus
12.13 PNE AG
Exhibit 132: PNE AG - Overview
Exhibit 133: PNE AG - Business segments
Exhibit 134: PNE AG - Key offerings
Exhibit 135: PNE AG - Segment focus
12.14 Repower AG
Exhibit 136: Repower AG - Overview
Exhibit 137: Repower AG - Business segments
Exhibit 138: Repower AG - Key offerings
Exhibit 139: Repower AG - Segment focus
12.15 Siemens AG
Exhibit 140: Siemens AG - Overview
Exhibit 141: Siemens AG - Business segments
Exhibit 142: Siemens AG - Key news
Exhibit 143: Siemens AG - Key offerings
Exhibit 144: Siemens AG - Segment focus
12.16 Suzlon Energy Ltd.
Exhibit 145: Suzlon Energy Ltd. - Overview
Exhibit 146: Suzlon Energy Ltd. - Business segments
Exhibit 147: Suzlon Energy Ltd. - Key offerings
Exhibit 148: Suzlon Energy Ltd. - Segment focus
12.17 Vestas Wind Systems AS
Exhibit 149: Vestas Wind Systems AS - Overview
Exhibit 150: Vestas Wind Systems AS - Business segments
Exhibit 151: Vestas Wind Systems AS - Key news
Exhibit 152: Vestas Wind Systems AS - Key offerings
Exhibit 153: Vestas Wind Systems AS - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 154: Inclusions checklist
Exhibit 155: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 156: Currency conversion rates for US$
13.4 Research methodology
Exhibit 157: Research methodology
Exhibit 158: Validation techniques employed for market sizing
Exhibit 159: Information sources
13.5 List of abbreviations
Exhibit 160: List of abbreviations