A wind turbine is an essential component of a wind farm that helps in power generation by converting kinetic energy of the wind to electrical energy. The reliability of a wind turbine technology is an important factor that plays an important role in the success of a wind energy projects.
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According to MarketIntelReports' “Global and Chinese Wind Turbine Maintenance Industry, 2017 Market Research Report”:
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The poor reliability of a turbine affects the revenue of the system and reduce the ability to generate power due to the downtime of the turbine. In the Wind Turbine Maintenance Market, different types of costs are insurance cost, repair cost, regular maintenance cost, and administration cost.
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Scope & Regional Forecast of the Wind Turbine Maintenance Market
Growing number of wind farms for power generation propels the Wind Turbine Maintenance Market. Increasing government regulations for environmental benefits boosts the need for new farms which in turn augments the demand for the urban wind turbine.
The focus on reducing environmental impact in the power generation industry fuels the market. Latin America, Middle East & Africa offer excellent opportunities in the industry.
Noise pollution and aesthetic concerns of wind turbine obstruct the growth of the market. But the cost repair of the components like generators, gearboxes, and blades have the largest share in the wind energy operation.
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New projects which are seen in strategic locations provide opportunities in the windmill power. Onshore dominated the market in 2016.
But offshore installation will have a higher growth due to government initiatives in Germany, China, UK, South Korea, and Denmark.
Developing countries are in the phase of urbanisation and industrialization. This leads to the need for clean energy which in turn boosts the demand for windmill services.
Many companies are investing more money on turbine repair services due to the awareness of the process requirement.
Segmentations & Key Players Involved in the Wind Turbine Maintenance Market
The Wind Turbine Maintenance Market can be broken down into various segments as follows:
- Region- North America, Europe, Asia Pacific, Central & South America, Middle East & Africa.
Some of the key players involved in the Wind Turbine Maintenance Market are as follows:
- Upwind Solutions
- Aeronautica WindPower
- EcoEnergy LLC
- Orion International Consulting Group
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