Wind Turbine Operations and Maintenance Market

Wind energy is a renewable form of energy, which is widely available on the surface of earth. Wind power is one of the fastest-growing renewable energy technologies and owing to the decrease in the cost of wind power technology has driven the application of wind power globally with a positive influence. Wind turbine operations and maintenance states the services of maintaining the smooth working of the wind turbines. As the electricity demand rises, wind energy is growing at an influential rate owing to its high efficiency and declining cost component. Also, it has low maintenance cost compared to other renewable power sources. To decarbonize the societies and reaching net zero targets, wind energy is a promising option encouraging usage of renewable energy. Wind turbine operations and maintenance services include operations, maintenance, asset administration, remote monitoring, and repair of wind turbines installed at wind farms. Wind turbines can produce vast amounts of electricity at competitive prices, provided they are efficiently maintained and operated. These services help to lower the failure rate and reduce the outage time during power outages. Gears, sensors, electric systems, control systems, and generators are all crucial and susceptible to failure in wind turbines. The necessity for effective monitoring and maintenance at regular intervals is growing as sudden breakdowns of any equipment in the turbine cause substantial downtime and reduce productivity. Wind turbine operations is the process of monitoring and controlling various functions that include blade inspection, gearbox maintenance, monitoring wind speed and voltage outputs. Wind turbine maintenance is the inspection of wind turbines to ensure that they are working safely. The efficiency and service life are directly linked; hence, cleaning should be performed on a periodic basis. Maintenance involves conducting various checks throughout the operation as well as non-operating or off-line inspections.

Wind turbine operations and maintenance market is categorized into scheduled and unscheduled, based upon type. Two components of the cost of operation and maintenance (O&M) of wind turbines are vitally important and need to be minimized, those for scheduled maintenance and for unscheduled maintenance. If component failures lead to unscheduled stoppages, then the additional cost of loss of electricity sales is introduced. That is why considerable efforts are being made to control and forecast such failures. Scheduled maintenance services are those that are carried of those components which require monitoring and maintenance at regular intervals. Gearbox assembly, rotor blades, and brakes are some of the components that require maintenance at regular intervals. Unscheduled maintenance services are carried out in event of sudden breakdown of a wind turbine or its components such as gearbox, rotor blade, generator, inverter, brake, and tower, to operate efficiently.

Wind turbine operations and maintenance market is classified based on the location type which includes onshore and offshore. Wind turbine operations and maintenance are applicable in onshore turbines to enable the effective utilization of wind power for generating electricity. This helps companies meet their net zero targets by using clean energy sources like wind power. The benefit of using wind turbine operations and maintenance offshore is that it safe, reliable, and effective operation of equipment at all times while minimizing the environmental impact on an offshore location. Also, demand for offshore wind turbine operations and maintenance services has been increasing owing to the rise in number of offshore wind farms and complexity involved in servicing offshore wind turbines.

Wind turbine operations and maintenance market is classified based on turbine connectivity into grid connected and stand alone. For utility-scale sources of wind energy, a large number of wind turbines are usually built close together to form a wind plant, also referred to as a wind farm. Several electricity providers today use wind plants to supply power to their customers. Stand-alone wind turbines are typically used for water pumping or communications. However, homeowners, farmers, and ranchers in windy areas can also use wind turbines as a way to cut down their electric bills.

Wind turbine operations and maintenance market is classified based on application into industrial, commercial, and residential. Industries can take advantage of wind power to stabilize their energy costs. The wind farm schedules regular lubrication and maintenance checks to keep each turbine in top working order. Small wind turbines used in residential applications although needs minimal maintenance.

The global wind turbine operations and maintenance market can be segmented into North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to witness significant growth due to rapid industrialization coupled with growing investment by regional governments towards green energy projects over the next few years. Countries such as India, China, Spain, France, Germany, Scotland, and Brazil are some of the prominent users of wind energy and are therefore likely to account for a considerable share in the market. In the US, favourable government policies are backing the growth of the market.

The major players in the wind turbine operations and maintenance market are Nordex SE (Germany), Siemens Gamesa Renewable Energy S.A. (Germany), B9 Energy Group (UK), Suzlon Energy Ltd. (India), Xinjiang Goldwind Science & Technology Co., Ltd. (China), Vestas Wind Systems A/S (Denmark).

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