SAN FRANCISCO , July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Wind Turbine Operations and Maintenance – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 9; Released: January 2022
Executive Pool: 14186
Companies: 52 – Players covered include 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. and Others.
Coverage: All major geographies and key segments
Segments: Application (Onshore Wind Turbine O&M, Offshore Wind Turbine O&M)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Wind Turbine Operations and Maintenance Market to Reach $26 Billion by 2026
Amid the COVID-19 crisis, the global market for Wind Turbine Operations and Maintenance estimated at US$17.9 Billion, is projected to reach a revised size of US$26 Billion by 2026, growing at a CAGR of 6.4% over the analysis period. Onshore Wind Turbine O&M, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$22.3 Billion by the end of the analysis period. After a thorough 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 $5.7 Billion in 2021, While China is Forecast to Reach $4.6 Billion by 2026
The Wind Turbine Operations and Maintenance market in the U.S. is estimated at US$5.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2026 trailing a CAGR of 6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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