London, England -- (SBWIRE) -- 04/02/2012 -- The global wind energy O&M market is expected to reach $13.3 billion in 2020 at a Compound Annual Growth Rate (CAGR) of 9.6% over the forecast period 2012-2020. Europe is the largest Operations and Maintenance (O&M) market, with an estimated market revenue of $2.8 billion in 2011, followed by North America, Asia Pacific and South America. The major factors driving the global wind energy O&M market are the increasing number of installations backed by financial incentives, capital subsidies and tax rebates; the component failure rates of turbines; and the ageing nature of the majority of wind turbines in operation. However, certain restraining factors also exist which are negatively impacting the growth of the O&M market, such as a lack of skilled manpower to perform maintenance and the cost of logistics. Over the historic period 2005-2011, the global market grew at a CAGR of 17.6% from 2005-2011 and reached $5.6 billion in 2011.

Europe is the largest O&M market globally, with an estimated market revenue of $2.8 billion in 2011, followed by North America with a market revenue of $1.4 billion, Asia Pacific with $1.3 billion and South America with the lowest share of $0.06bn.Europe is the oldest wind power market and is therefore the largest market for wind energy O&M due to its substantial number of now-ageing wind turbines, as it was one of the first large-scale installers of wind turbines and many of its farms are now quite old and in need of regular repair and maintenance. Various factors such as governments’ lucrative financial support for the sectors in the form of subsidies, the European Union’s “20-20-20” plans to reduce CO2 emissions by 20% and include 20% renewable energy based generation in its total energy mix by 2020. Lucrative government subsidies, an EU-wide goal to reduce CO2 emissions and growing public support for action against climate change have turned this new industry into a force to be reckoned with.

Of the countries covered in the report, such as the UK, Germany, Spain, France, Italy, Poland and Turkey, that are in Europe, Germany, Spain and the UK are the major contributors to the total wind energy O&M market, as these market are quiet developed and mature and have significant numbers of old turbines which require regular maintenance. Also, the continuous addition of new capacity in all the countries covered is also driving the wind energy O&M market. Germany accounted for the greatest share of $1,259.1m, followed by Spain (28.1%), the UK (12.8%), France (5.8%), Italy (5.3%), Turkey (2.5%) and Poland (1.9%) in 2011

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GBI Research, a leading business intelligence provider, has released its latest research, “Wind Energy Maintenance Market to 2020 - Growth Driven by Increasing Competition between OEMs and ISPs in the Post-Warranty Maintenance Segment”. The report gives an in-depth analysis of the wind energy maintenance market in four global regions, namely Asia Pacific, Europe, North America, and South and Central America and the Middle East and Africa, with forecast until 2020. The research analyzes the market reveue of the wind Operations & Maintenance (O&M) market in the 16 countries covered under these regions. It provides a detailed analysis of wind energy O&M market revenue from 2005-2011 and forecast to 2020, share by market segment, share by region, share by company type and share by type of maintenance. The report also provides information on O&M market demand by estimating wind turbines (in Megawatts (MW)) which are out of warranty (for 2011–2020), the number of blade repairs (in units) during 2011-2020 and the gearbox refurbishment market (in units) during 2011–2020. It also covers market key trends, drivers and restraints, technology analysis, detailed anaysis of key companies.

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