Wind turbine operation and maintenance are an essential part of the wind energy industry. These services help to reduce the failure rate and avoid outage time at the time of power blackout. Several components of wind turbines such as gears, sensors, electric systems, control systems, and generators are critical and prone to failure. Sudden breakdown of any equipment in the turbine leads to high downtime and affects productivity, thus the need for effective monitoring and maintenance at regular intervals is increasing. Several governments across the globe are promoting wind energy as an alternative energy source. This is expected to positively influence the market growth in the forthcoming years.
MARKET SCOPE
The "Global Offshore Wind O and M Services Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the offshore wind O and M services market with detailed market segmentation by type, service provider, and geography. The report provides key statistics on the market status of the leading offshore wind O and M services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the market is segmented into scheduled and unscheduled.
- Based on service provider, the market is segmented into OEMs and ISPs.
MARKET DYNAMICS
Drivers:
- -
- Growing Investment in wind energy is boosting the growth of the offshore wind O and M services market.
- Favourable Government Policies Propelling Growth of the offshore wind O and M services Market.
- -
- Fluctuating prices of steel may hinder the growth of the offshore wind O and M services Market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The offshore wind O and M services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the offshore wind O and M services market in these regions.
IMPACT OF COVID-19 ON OFFSHORE WIND O AND M SERVICES MARKET
COVID-19 has severely affected the growth of the wind O and M services market. The expansions in the wind energy sector which the government planned have also got shut-down due to COVID-19. Additionally, companies had to shut down their manufacturing plants and services as lockdowns were imposed to contain the pandemic. This resulted in increased costs of raw materials due to the shortage of supplies. Thus, the pandemic has negatively impacted the wind O and M services market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The offshore wind O and M services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the offshore wind O and M services market in these regions.
IMPACT OF COVID-19 ON OFFSHORE WIND O AND M SERVICES MARKET
COVID-19 has severely affected the growth of the wind O and M services market. The expansions in the wind energy sector which the government planned have also got shut-down due to COVID-19. Additionally, companies had to shut down their manufacturing plants and services as lockdowns were imposed to contain the pandemic. This resulted in increased costs of raw materials due to the shortage of supplies. Thus, the pandemic has negatively impacted the wind O and M services market.
MARKET PLAYERS
The report covers key developments in the offshore wind O and M services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the offshore wind O and M services market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the offshore wind O and M services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B9 Energy Ltd
- ENERCON GmbH
- Fred. Olsen Windcarrier
- GENERAL ELECTRIC
- INGETEAM, S.A.
- NORDEX SE'
- REEtec
- Siemens Gamesa Renewable Energy,
- Suzlon Energy Limited
- Vestas
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Offshore Wind O And M Services Market - By Type
1.3.2 Offshore Wind O And M Services Market - By Service Provider
1.3.3 Offshore Wind O And M Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OFFSHORE WIND O AND M SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. OFFSHORE WIND O AND M SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. OFFSHORE WIND O AND M SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. OFFSHORE WIND O AND M SERVICES - GLOBAL MARKET OVERVIEW
6.2. OFFSHORE WIND O AND M SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OFFSHORE WIND O AND M SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SCHEDULED
7.3.1. Overview
7.3.2. Scheduled Market Forecast and Analysis
7.4. UNSCHEDULED
7.4.1. Overview
7.4.2. Unscheduled Market Forecast and Analysis
8. OFFSHORE WIND O AND M SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE PROVIDER
8.1. OVERVIEW
8.2. SERVICE PROVIDER MARKET FORECASTS AND ANALYSIS
8.3. OEMS
8.3.1. Overview
8.3.2. OEMs Market Forecast and Analysis
8.4. ISPS
8.4.1. Overview
8.4.2. ISPs Market Forecast and Analysis
9. OFFSHORE WIND O AND M SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Offshore Wind O And M Services Market Overview
9.1.2 North America Offshore Wind O And M Services Market Forecasts and Analysis
9.1.3 North America Offshore Wind O And M Services Market Forecasts and Analysis - By Type
9.1.4 North America Offshore Wind O And M Services Market Forecasts and Analysis - By Service Provider
9.1.5 North America Offshore Wind O And M Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Offshore Wind O And M Services Market
9.1.5.1.1 United States Offshore Wind O And M Services Market by Type
9.1.5.1.2 United States Offshore Wind O And M Services Market by Service Provider
9.1.5.2 Canada Offshore Wind O And M Services Market
9.1.5.2.1 Canada Offshore Wind O And M Services Market by Type
9.1.5.2.2 Canada Offshore Wind O And M Services Market by Service Provider
9.1.5.3 Mexico Offshore Wind O And M Services Market
9.1.5.3.1 Mexico Offshore Wind O And M Services Market by Type
9.1.5.3.2 Mexico Offshore Wind O And M Services Market by Service Provider
9.2. EUROPE
9.2.1 Europe Offshore Wind O And M Services Market Overview
9.2.2 Europe Offshore Wind O And M Services Market Forecasts and Analysis
9.2.3 Europe Offshore Wind O And M Services Market Forecasts and Analysis - By Type
9.2.4 Europe Offshore Wind O And M Services Market Forecasts and Analysis - By Service Provider
9.2.5 Europe Offshore Wind O And M Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Offshore Wind O And M Services Market
9.2.5.1.1 Germany Offshore Wind O And M Services Market by Type
9.2.5.1.2 Germany Offshore Wind O And M Services Market by Service Provider
9.2.5.2 France Offshore Wind O And M Services Market
9.2.5.2.1 France Offshore Wind O And M Services Market by Type
9.2.5.2.2 France Offshore Wind O And M Services Market by Service Provider
9.2.5.3 Italy Offshore Wind O And M Services Market
9.2.5.3.1 Italy Offshore Wind O And M Services Market by Type
9.2.5.3.2 Italy Offshore Wind O And M Services Market by Service Provider
9.2.5.4 United Kingdom Offshore Wind O And M Services Market
9.2.5.4.1 United Kingdom Offshore Wind O And M Services Market by Type
9.2.5.4.2 United Kingdom Offshore Wind O And M Services Market by Service Provider
9.2.5.5 Russia Offshore Wind O And M Services Market
9.2.5.5.1 Russia Offshore Wind O And M Services Market by Type
9.2.5.5.2 Russia Offshore Wind O And M Services Market by Service Provider
9.2.5.6 Rest of Europe Offshore Wind O And M Services Market
9.2.5.6.1 Rest of Europe Offshore Wind O And M Services Market by Type
9.2.5.6.2 Rest of Europe Offshore Wind O And M Services Market by Service Provider
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Offshore Wind O And M Services Market Overview
9.3.2 Asia-Pacific Offshore Wind O And M Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Offshore Wind O And M Services Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Offshore Wind O And M Services Market Forecasts and Analysis - By Service Provider
9.3.5 Asia-Pacific Offshore Wind O And M Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Offshore Wind O And M Services Market
9.3.5.1.1 Australia Offshore Wind O And M Services Market by Type
9.3.5.1.2 Australia Offshore Wind O And M Services Market by Service Provider
9.3.5.2 China Offshore Wind O And M Services Market
9.3.5.2.1 China Offshore Wind O And M Services Market by Type
9.3.5.2.2 China Offshore Wind O And M Services Market by Service Provider
9.3.5.3 India Offshore Wind O And M Services Market
9.3.5.3.1 India Offshore Wind O And M Services Market by Type
9.3.5.3.2 India Offshore Wind O And M Services Market by Service Provider
9.3.5.4 Japan Offshore Wind O And M Services Market
9.3.5.4.1 Japan Offshore Wind O And M Services Market by Type
9.3.5.4.2 Japan Offshore Wind O And M Services Market by Service Provider
9.3.5.5 South Korea Offshore Wind O And M Services Market
9.3.5.5.1 South Korea Offshore Wind O And M Services Market by Type
9.3.5.5.2 South Korea Offshore Wind O And M Services Market by Service Provider
9.3.5.6 Rest of Asia-Pacific Offshore Wind O And M Services Market
9.3.5.6.1 Rest of Asia-Pacific Offshore Wind O And M Services Market by Type
9.3.5.6.2 Rest of Asia-Pacific Offshore Wind O And M Services Market by Service Provider
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Offshore Wind O And M Services Market Overview
9.4.2 Middle East and Africa Offshore Wind O And M Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Offshore Wind O And M Services Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Offshore Wind O And M Services Market Forecasts and Analysis - By Service Provider
9.4.5 Middle East and Africa Offshore Wind O And M Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Offshore Wind O And M Services Market
9.4.5.1.1 South Africa Offshore Wind O And M Services Market by Type
9.4.5.1.2 South Africa Offshore Wind O And M Services Market by Service Provider
9.4.5.2 Saudi Arabia Offshore Wind O And M Services Market
9.4.5.2.1 Saudi Arabia Offshore Wind O And M Services Market by Type
9.4.5.2.2 Saudi Arabia Offshore Wind O And M Services Market by Service Provider
9.4.5.3 U.A.E Offshore Wind O And M Services Market
9.4.5.3.1 U.A.E Offshore Wind O And M Services Market by Type
9.4.5.3.2 U.A.E Offshore Wind O And M Services Market by Service Provider
9.4.5.4 Rest of Middle East and Africa Offshore Wind O And M Services Market
9.4.5.4.1 Rest of Middle East and Africa Offshore Wind O And M Services Market by Type
9.4.5.4.2 Rest of Middle East and Africa Offshore Wind O And M Services Market by Service Provider
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Offshore Wind O And M Services Market Overview
9.5.2 South and Central America Offshore Wind O And M Services Market Forecasts and Analysis
9.5.3 South and Central America Offshore Wind O And M Services Market Forecasts and Analysis - By Type
9.5.4 South and Central America Offshore Wind O And M Services Market Forecasts and Analysis - By Service Provider
9.5.5 South and Central America Offshore Wind O And M Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Offshore Wind O And M Services Market
9.5.5.1.1 Brazil Offshore Wind O And M Services Market by Type
9.5.5.1.2 Brazil Offshore Wind O And M Services Market by Service Provider
9.5.5.2 Argentina Offshore Wind O And M Services Market
9.5.5.2.1 Argentina Offshore Wind O And M Services Market by Type
9.5.5.2.2 Argentina Offshore Wind O And M Services Market by Service Provider
9.5.5.3 Rest of South and Central America Offshore Wind O And M Services Market
9.5.5.3.1 Rest of South and Central America Offshore Wind O And M Services Market by Type
9.5.5.3.2 Rest of South and Central America Offshore Wind O And M Services Market by Service Provider
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OFFSHORE WIND O AND M SERVICES MARKET, KEY COMPANY PROFILES
11.1. B9 ENERGY LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ENERCON GMBH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FRED. OLSEN WINDCARRIER
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL ELECTRIC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INGETEAM, S.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NORDEX SE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. REETEC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIEMENS GAMESA RENEWABLE ENERGY,
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUZLON ENERGY LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VESTAS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.B9 Energy Ltd
2.ENERCON GmbH
3.Fred. Olsen Windcarrier
4.GENERAL ELECTRIC
5.INGETEAM, S.A.
6.NORDEX SE
7.REEtec
8.Siemens Gamesa Renewable Energy,
9.Suzlon Energy Limited
10.Vestas
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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