Wind energy refers to the process of using wind to provide mechanical power to the wind turbines, thus facilitating the electric generator. It is a renewable source of energy that has less impact on the environment as compared to other sources of energy. There are two significant applications of wind service: Offshore and Onshore. Offshore wind power includes wind farms built in water bodies such as sea and are used to produce electricity using wind energy. The Onshore wind power consists of wind farms located on land, which helps in producing electricity.

To have the edge over the competition by knowing the market dynamics and current trends of “Wind Services Market,” request for Sample Report here

The major factors driving the growth of the Global Wind Services market include the growing adoption of renewable source of energy, favorable government policies, and increasing installation of wind turbines. The rising penetration of renewable sources of energy to minimize greenhouse gas (GHG) emissions across the world, followed by the increasing number of offshore and onshore turbines are fuelling the growth of the market. In addition to this, several countries’ governments are also providing subsidies to encourage green clean energy usage. Countries such as the US, China, and UK are widely adopting offshore wind turbines, thereby having a positive impact on the growing demand of the market. However, the high operational and maintenance cost of wind services are hampering the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the Application, the offshore segment is expected to grow at a higher CAGR in the market during the forecast period owing to its better efficiency level as compared to the onshore wind turbines driven by the consistent speed and direction of the wind on the offshore location. Moreover, countries such as China, UK, and Germany are mainly focussing on the development of offshore wind farms to improve the grid energy storage capacity in their countries.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the region, North America is anticipated to lead the global Wind Services market during the forecast period owing to the increasing acceptance of clean energy to reduce the emission of greenhouse gases, which will increase the demand for wind services to ensure optimal performance of wind turbines.

The major key players in the market include Siemens Gamesa Renewable Energy, General Electric, Nordex SE, Senvion S.A., Suzlon Energy Ltd., ABB, Vestas, Enercon GmbH, Upwind Solutions, Inc., and Aeronautica WindPower, among others.

Key Developments:

• • In Jan 2020, General Electric entered into multi-year service contract to supply Cypress Turbines for 132 MW onshore wind farm to Swedish wind power company OX2.
  • In May 2019, Siemens Gamesa entered into a four-year O&M agreement with Pattern Energy for 218 MW. Panhandle Wind 1 facility consisting of 118 units of 1.85-87 MW GE turbines. With this agreement, Siemens Gamesa expanded its multi-brand service footprint.

The Global Wind Services market has been segmented based on the Application and Region. Based on Application, the market is segmented into Offshore and Onshore.

For detailed scope of the “Wind Services Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Wind Services market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Wind Services market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Wind Services market?
  • Which application generated maximum revenues in 2019 and identify the most promising applications during the forecast period?
  • What are the various application areas of the global Wind Services market, and how are they poised to grow?
  • What companies are the major participants in the global Wind Services market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Siemens Gamesa Renewable Energy, General Electric, Nordex SE, Senvion S.A., Suzlon Energy Ltd., ABB, Vestas, Enercon GmbH, Upwind Solutions, Inc., and Aeronautica WindPower; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

Global Wind Services Market by Application

• • Offshore
  • Onshore

Global Wind Services Market by Region

• • North America Wind Services Market
    (Option 1: As a part of the free 25% customization)
    • North America Wind Services Market by Application
    • US All-Up Wind Services Market
    • Canada All-Up Wind Services Market
  • Europe Wind Services Market
    (Option 2: As a part of the free 25% customization)
    • Europe Wind Services Market by Application
    • United Kingdom (UK) All-Up Wind Services Market
    • Germany All-Up Wind Services Market
    • France All-Up Wind Services Market
    • Spain All-Up Wind Services Market
    • Rest of Europe All-Up Wind Services Market
  • Asia-Pacific Wind Services Market
    (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Wind Services Market by Application
    • China All-Up Wind Services Market
    • India All-Up Wind Services Market
    • Japan All-Up Wind Services Market
    • Rest of APAC All-Up Wind Services Market
  • ROW Wind Services Market
    (Option 4: As a part of the free 25% customization)
    • RoW Wind Services Market by Application
    • Brazil All-Up Wind Services Market
    • South Africa All-Up Wind Services Market
    • Saudi Arabia All-Up Wind Services Market
    • UAE All-Up Wind Services Market
    • Rest of world (remaining countries of the LAMEA region) All-Up Wind Services Market

Global Wind Services Market Leading Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Siemens Gamesa Renewable Energy
  • General Electric
  • Nordex SE
  • Senvion S.A.
  • Suzlon Energy Limited
  • ABB
  • Vestas
  • Enercon GmbH
  • Upwind Solutions, Inc.
  • Aeronautica WindPower