By Kizhakedath Media Services
BREAKING NEWS

Wind turbine O&M market to surpass USD 13 billion by 2020

The O&M market will exceed USD 13 billion by 2020, driven by an installed base that will reach 700 GW globally. The O&M market will see high growth until 2020, providing an opportunity for stakeholders, the Make Consulting remarked in a report.

Global wind turbine installations surpassed 300GW with increased number of off-warranty turbines. The report predicts additional 300 GW capacity increase in next six years, creating additional opportunities for the wind turbine Operations and Maintenance (O&M) sector.

O&M market strategies depend on the needs of asset owners and the installed base. Decreased turbine demands have forced equipment manufacturers (OEMs) to focus on expanded installed base service that proved more dependable and profitable.

By assigning teams for routing maintenance works, owners are taking control over their assets. The cost-effectiveness strategy is defined by the technology of turbines within the fleet, geographic diversity of assets and owner’s maturity.

The Independent service providers (ISPs) are facing a shrinking market share due to demand for selfperform model and increased focus by turbine OEM. The global prospect of cooperation between OEMs, ISPs and asset owners to drag the stakeholder’s efficiency and reduce service cost is anticipated.

Competitive differentiation across the O&M value chain needs skillsets within each specific market segment. Cost effective schedule is determined by the scale economies present in any regional labor pool, suggests the report.

The fragmentation within the O&M market will go up as key investors will leverage their competencies and reduce the cost of O&M to asset owners due to low-cost approach and easy access to spare parts and diagnostics.

editor@greentechlead.com

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