- Published: 23 November 2016 23 November 2016
The global wind energy market has experienced significant growth over the past decade, resulting in more than 460GW of installed capacity requiring ongoing operations and maintenance support.
The O&M industry has responded to challenges in maintaining this immense fleet by flooding the aftermarket with innovations to reduce operating expenditures, increase energy output and maintain high levels of technical availability. The revenue opportunity in global wind turbine services is expected to exceed USD 22 Billion by 2025 according to Make. Turbine OEMs and asset owners consider the aftermarket as a critical element of their competitive positioning, accelerating innovation initiatives to realise cost savings and operational improvements. Further consolidation and competitive dynamics are a near certainty in the sector as the global fleet continues to grow and operational excellence increases in focus. Spare parts and distribution costs will swell to more than USD 6 Billion by 2025.