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$17.9 Billion Worldwide Wind Turbine Operations and Maintenance Industry to 2027 - Impact of COVID-19 on the Market

Research and Markets
·2-min read

Dublin, Feb. 12, 2021 (GLOBE NEWSWIRE) -- The "Wind Turbine Operations and Maintenance - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wind Turbine Operations and Maintenance Market to Reach $27.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Wind Turbine Operations and Maintenance estimated at US$17.9 Billion in the year 2020, is projected to reach a revised size of US$27.6 Billion by 2027, growing at a CAGR of 6.4% over the period 2020-2027.

Onshore Wind Turbine O&M, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$22.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore Wind Turbine O&M segment is readjusted to a revised 17.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 6% CAGR

The Wind Turbine Operations and Maintenance market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Competitors identified in this market include, among others:

  • B9 Energy Group

  • GE Power

  • Nordex SE

  • One Wind

  • Siemens AG

  • Siemens Gamesa Renewable Energy, S. A.

  • Suzlon Energy Ltd.

  • Vestas Wind Systems A/S

  • Wind Prospect Pty Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Wind Turbine Operations and Maintenance Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/vf3qn6

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900