Global Wind Turbine Operations and Maintenance Market is valued USD 8.1 billion in 2016 is anticipated to grow USD 20.3 billion with the compounded annual growth of 10.80% over the forecast period 2018-2025.
New York 17 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Wind Turbine Operations and Maintenance Market industry is poised to raise USD 20.3 billion by 2025. Exponential rise in wind turbine installation across the globe, especially in Asia Pacific, Europe, and North America is expected to have a positive impact on the industry over the forecast period. Europe held the largest share in 2016, owing to significant installation in countries such as Germany, France, Italy, Spain, Denmark, Netherlands, Belgium, and Sweden. Asia Pacific is expected to grow at a promising rate over the forecast period. The region is estimated to dominate the global market in 2025. Latin America and Middle East & Africa are predicted to create lucrative opportunities over the forecast period.
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The industry is seeming to be fairly competitive. Some of the leading market Enercon GmbH, Gamesa Corporación Tecnológica, GE Wind Turbine, Nordex SE, Xinjiang Goldwind Science & Technologies Co. Ltd., Vestas Wind Systems A/S, Siemens Wind Power GmbH, Suzlon Group, Guodian United Power Technology Company Ltd., Upwind Solutions, Inc and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Europe held the largest share in 2016, owing to significant installation in countries such as Germany, France, Italy, Spain, Denmark, Netherlands, Belgium, and Sweden.
- Asia Pacific is expected to grow at a promising rate over the forecast period.
. Bizwit Research & Consulting LLP has considered following segments for the study:
- On Shore
- Off Shore
- North America
- Asia Pacific
- Latin America
- Rest of the World