What is Wind Power Aftermarket O&M?
Wind Power Aftermarket O&M is a corrective maintenance in response to faults and failures, turbines with resolved upper and lower fault limits, and conventional interpretation and analysis of massive operational data acquired via SCADA, resulting in missed opportunities for increased production and cost reduction, characterize wind power aftermarket O&M. With the advent of modern technologies integrated with AI, wind O&M is expected to perform predictive analysis, enabling early detection of anomalies and advice solutions prior to the occurrence of faults or failures, have dynamic fault limits of turbines heavily reliant on scenarios that could be specially designed, supplying versatility of procedure to the turbine and utilization of human intelligence in productive areas while data analysis and corrective measures can be handled by AI.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Siemens Games (Germany), Vestas (Denmark), Ingeteam Power Technology SA (Spain), Solvento (Mexico), McLaren Engineering Group (United States), Semikron (Germany), Nanjing Avis (China), Goldwind (China), Datang Corporation (China) and Shanghai Electric (China) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Original Equipment Manufacturers, Independent Service Providers and In-House) , by application (Onshore Wind and Offshore Wind) and major geographies. Research Analyst at AMA predicts that Chinese Manufacturers will contribute to the maximum growth of Global Wind Power Aftermarket O&M market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Wind Power Aftermarket O&M market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Siemens Games (Germany), Vestas (Denmark), Ingeteam Power Technology SA (Spain), Solvento (Mexico), McLaren Engineering Group (United States), Semikron (Germany), Nanjing Avis (China), Goldwind (China), Datang Corporation (China) and Shanghai Electric (China).
Market Overview:
On 1 December 2020, Vestas Wind Systems A/S and Mitsubishi Heavy Industries, Ltd. (MHI) announced an agreement to expand their partnership in sustainable energy. The strengthened partnership entails that Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, and MHI will acquire 2.5 percent in Vestas and be nominated to a seat in Vestas’ Board of Directors.
The market for wind turbine maintenance, repair, and overhaul is moderately fragmented globally. Siemens Gamesa Renewable Energy SA, General Electric Company, Suzlon Energy Ltd, ABB Ltd, and Vestas Wind Systems A/S are among the key players in this market.
Market Trend
Technological Advancement for the Development of More Reliable and Efficient Wind Power Aftermarket O&M
Restraints
- Heavy Investment for the Manufacturing and Installation of Wind Turbines
Opportunities
A decrease in Wind Power Prices Owing to the Technological Development
Key highlights of the Global Wind Power Aftermarket O&M market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Wind Power Aftermarket O&M market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Wind Power Aftermarket O&M market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Wind Power Aftermarket O&M Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wind Power Aftermarket O&M market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Wind Power Aftermarket O&M market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Small and large enterprises, Research & consultants, Producers of Wind Power, Suppliers of Wind Power Equipment’s, Wholesalers, Distributers and Retailers of Wind Power Aftermarket O&M, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.