Dallas, TX -- (SBWIRE) -- 09/16/2014 -- O&M is crucial in any wind energy system and is still quite capital intensive. This is because the use of wind energy does not require fuel expenses; therefore, the expenditure for the equipment represents the main component cost. An adequate O&M is necessary to protect the equipment to keep them running during their expected lifetime. Good O&M practices can optimize the profitability of wind farms, thereby ultimately reducing the downtime of the turbines or leading to the extension of their lifespan. O&M also tends to be high for offshore wind energy systems compared to the terrestrial wind energy systems. This is because of the difficulty and the logistics of maintaining wind turbines in harsh marine environments.
Analysts forecast the Global Wind Energy O&M market to grow at a CAGR of 12.7 percent over the period 2013-2018.
Covered in this Report:
This report covers the present scenario and the growth prospects of the Global Wind Energy O&M market for the period 2014-2018. The report includes the data of the Global Wind Energy O&M market based on the following criteria: application, service provider, geography.
Global Wind Energy O&M Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Wind Energy O&M market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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Key Vendors:
Enercon
Gamesa
Goldwind
Siemens
Vestas
Other Prominent Vendors:
GE Energy
Sinovel
Suzlon Energy
Market Driver:
Increased Number of Old Wind Farms
Market Challenge:
Lack of Skilled Workforce
Market Trend:
Increased Investment by Original Equipment Manufacturers
Key Questions Answered in this Report:
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?