London, 10 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Wind Energy O&M Market 2014-2018.
Although wind energy systems do not require any kind of fuel, there is a huge cost involved in the operations and maintenance (O&M) processes. Good O&M practices can optimize the profitability of the wind farm and ultimately reduce the downtime of the turbine, thereby extending its lifespan.
The Global Wind Energy O&M Market is expected to witness a rapid growth at a CAGR of 12.7 percent during the forecast period.
The latest report by TechNavio focuses increased installation of new wind farms, as well as aging wind farms that constantly require O&M activities as major growth drivers in the market. Some key end users highlighted in this report include:
- Power Utilities
- Independent Power Producers
“Many original equipment manufacturers are investing in their own technological footprints to reduce onshore logistics costs, while some are entering into partnerships with local ISPs to maintain a flexible and efficient manpower structure. This will help attract independent power producers and power utilities to enter into long-term contracts for services with them, thereby ensuring long-term cash flow for OEMs and long-term project viability,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Aging Infrastructure of Wind Farms
- For a full detailed list, view our report.
Market Challenges:
- Lack of Skilled Workforce
- For a full detailed list, view our report.
Market Trends:
- Increased Investment by OEMs
- For a full detailed list, view our report.
Key Vendors:
- Enercon GmbH
- Gamesa Corporacion Tecnologica SA
- Siemens AG
- Vestas Wind Systems A/S
Other Prominent Vendors:
- GE Energy
- Sinovel
- Suzlon Energy
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3E%3Ca%20href%3D%22ht…
