The global wind energy O&M market is anticipated to grow at a CAGR of 7.2% during the forecast period. The wind energy O&M market is growing owing to various factors including the rising concerns about climate change and greenhouse gas emissions, technological advancements, and the demand for efficient and cost-effective maintenance of wind turbines. Hence, the market players are focusing on more sustainable solutions embedded with advanced technologies in order to stay competitive in the market. For instance, in March 2023, VSB Service GmbH produced green energy even more efficiently by using Turbit's artificial intelligence (AI) for the wind energy business unit. Turbit developed AI infrastructure for wind turbine monitoring for five years to bring predictive maintenance and AI-supported performance monitoring with intelligent alarms into the daily work of technical operations management.
Browse the full report description of “Wind Energy O&M Market Size, Share & Trends Analysis Report by Type (Original Equipment Manufacturers, Independent Service Providers, and In-House), and by Application (Offshore and Onshore) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/wind-energy-o-and-m-market
Furthermore, several countries including Japan, the US, and China, among others, are also offering projects to the key market players which is another factor supporting the market growth. For instance, in April 2023, Vestas received a 238 MW wind turbine supply contract from Hibiki Wind Energy for the Kitakyushu-Hibikinada offshore wind farm project in Japan. The order includes supply and installation of 25 V174-9.5 MW wind turbines as well as long-term Active Output Management 5000 (AOM 5000) service agreements. Additionally, in May 2022, NTN Corp. collaborated with Hokutaku Co., Ltd. for started maintenance service for wind turbines. The maintenance service is based on NTN's condition monitoring system to detect abnormalities in bearings with high accuracy and identify defective parts. This allows NTN to provide quick and accurate facility inspection and maintenance service by utilizing Hokutaku's extensive expertise and experiences. NTN is providing a one-stop solution from supplying bearings to abnormality detection and maintenance in order to contribute to stable operation and expansion of the wind turbines market.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape-includes as Vestas Wind Systems, Siemens Gamesa Renewable Energy, S.A., General Electric (GE) Group, Covanta, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Wind Energy O&M Market Report Segment
By Type
By Application
Global Wind Energy O&M Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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