Below are some of the key findings from the wind services market research report:
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Global wind services industry overview
The adoption of renewable sources of energy is increasing at a significant rate due to the growing levels of GHG emissions resulting from the use of fossil fuels. The growing adoption of renewable sources of energy such as wind turbines can also be attributed to the subsidies provided by governments of several countries. The key countries that are adopting wind energy in offshore locations include China, the US, the UK, and India. These wind turbines require regular maintenance to ensure optimal performance which is leading to an increase in demand for wind services. Thus, the rising number of wind turbine installations will be one of the key factors that will drive the wind services market growth during the forecast period.
The growing number of offshore wind turbines will be one of the key wind services market trends that will impact growth during the forecast period. According to IEA, the offshore wind segment grew by 23% in 2017. Countries such as China, Germany, and the UK are increasingly focusing on the development of offshore wind farms to increase the capacity of grid energy storage. The benefits of offshore wind turbines include high wind speed and limited fluctuations in wind speed. Thus, the growing number of offshore wind turbines will increase the demand for wind services during the forecast period.
Top wind services companies covered in this market research report
The wind services market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this wind services industry analysis report will help clients identify and design new growth strategies.
The report offers a complete analysis of various companies including:
- GENERAL ELECTRIC
- Nordex
- Senvion
- Siemens Gamesa Renewable Energy
- Suzlon Energy
- Vestas
Wind services market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, APAC will account for the highest wind services market share throughout the forecast period. This region will also register the highest incremental growth in the wind services market during the forecast period.
Wind services market segmentation based on application
- Onshore
- Offshore
The onshore segment will account for the largest share of the wind services market throughout the forecast period. Additionally, the report also provides an accurate prediction of the contribution of all the products segments to the growth of the wind services market size.
Key highlights of the global wind services market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the wind services market during the next five years
- Precise estimation of the global wind services market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the wind services industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of wind services companies
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