The global wind turbine maintenance, repair and overhaul services (MRO) market is growing at double digit rates and is expected to reach a value of USD $9.1 billion in 2013, up from $3.9 billion in 2008, according to a new report.
The wind energy market is rapidly expanding capacity, and
MRO services will become critical to the industry, according to Lucintel, a management consulting and market research firm that published the report “Growth Opportunities in Wind Maintenance, Repair, and Overhaul Services Market 2008-2013.”
With the wide range of wind industry participants – from niche players to large power utilities – the need for a structured and reliable business model to meet the servicing needs of wind turbine operators has developed. Third-party service providers are expected to fill the demand gap and provide for a competitive marketplace that will benefit both the quality and pricing of these services.
This report discusses current practices in wind MRO, and contains a competitive analysis of market players, wind MRO market trends & forecasts, strategic analysis for MRO services..
In Related News…
Employment in the wind power industry will more than double in the European Union to around 330,000 in 2020, according to a report by the European Wind Energy Association (EWEA).
About 12 percent of European Union electricity is expected to come from wind power by 2020.
Read Reuters coverage at the link below.
Loading...