Global wind O&M market is estimated to reach 10.6 billion dollars by 2016.

17/01/2011 16:52 Renewable

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The recently published report “Growth Opportunities in Wind Operation and Maintenance Services Market 2011-2016” states that the global wind O&M market is estimated to reach 10.6 billion dollars by 2016.

Europe has the largest energetic market and will try to maintain its position in this industry. A rapid growth of 27 percent of the onshore wind energy market was registered during 2005-2010 in Asia Pacific and North America. This means, that Europe may lose a relative market share in this industry, and Asia Pacific and North America may become leader due to implementation of projects of wind farms installations in China. The report includes analyses of each of the Chinese, American, European and Indian wind O&M markets, types of services, the role of the energetic market in different regions and in the global energy market, and the analysis of the top 5 service providers in this sector, as well.

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