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According to the latest research, the global Offshore Wind O&M Services market size was valued at USD 3720.91 million in 2022 and is expected to expand at a CAGR of 17.7% during the forecast period, reaching USD 9892.53 million by 2028.
Offshore wind O&M is the activity that follows commissioning to ensure the safe and economic running of the project. The objective of offshore wind O&M is to make sure the project achieves the best balance between running cost and electricity output. O&M occurs throughout the life of the project.
Affect the normal operation of the industry
The impact of COVID-19 on the Wind Turbine Operation and Maintenance industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, O&M plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, the production of wind turbines and demand for wind turbines O&M will not pick up rapidly and substantially and will require a certain recovery period.
Disruption in Supply Chain Amid COVID-19 Pandemic to Negatively Impact Wind Energy Projects
In numerous countries, renewable energy projects are largely dependent on imports from other nations. Similarly, the wind industry is also reliant on imports of wind equipment from a wide range of countries. Most of the wind raw materials and components are imported from China and Europe. But, owing to the lockdown in many countries, key wind equipment suppliers such as GE, and Xinjiang Goldwin have faced production shutdowns, affecting a large number of projects. Moreover, the epidemic has affected employees' normal work, which has encouraged wind operators to focus on reactive turbine repairs and reduced scheduled maintenance activities. Several O&M workers have focused on corrective tasks and have postponed preventative maintenance tasks.
Growing demand for renewable energy
With the continuous intensification of the important contradiction between the continuous growth of contemporary energy demand and the deteriorating living environment, renewable energy has received more and more attention from the world, and its growth rate is the largest and fastest. Among all kinds of renewable energy, wind energy has been paid more and more attention as a kind of non-polluting, renewable, high-efficiency and clean new energy, and all countries in the world have been stepping up the development and utilization of wind energy. When the wave of onshore wind power development has passed, the advantages of offshore wind power have become increasingly prominent, offshore wind energy resources are abundant, and it has many unparalleled advantages of onshore wind power. Offshore wind power development has become the hot spot and frontier of global new energy development. Offshore wind power operation and maintenance is a key part of the offshore wind power industry. Therefore, this will greatly promote the development of the offshore wind power operation and maintenance industry.
Offshore wind power is expensive to operate and maintain.
With the development and construction of far-sea, deep-sea and ultra-large-scale offshore wind farms, the issue of offshore wind power operation and maintenance costs will become more prominent. First of all, the expenditure on the operation and maintenance cost of offshore wind turbines is related to the number of overseas maintenance and repairs, and is greatly affected by product reliability and operation and maintenance strategies. For example, large components such as generators and pitch systems of wind turbines are expensive, and the replacement is difficult and costly. Secondly, the offshore environmental conditions are harsh, the failure rate of wind turbines is high, and the accessibility of offshore wind farms is poor. On the one hand, special equipment is required to enter. Various types of operation and maintenance ships, crane ships and helicopters are currently several types of vehicles commonly used in the maintenance of offshore wind turbines. Special vehicles limit maritime maintenance operability and increase maintenance costs. On the other hand, it is necessary to meet certain weather conditions to enter. Due to the poor accessibility of offshore wind farms, the access time of wind farms is limited throughout the year. As a result, the operation and maintenance of offshore wind farms also puts forward corresponding requirements for personnel and spare parts management for offshore maintenance operations. Therefore, both labor costs, time, machines and other costs are relatively expensive.
Region Overview:
Geographically, Europe held the largest market share -- 65.51% in 2022.
Company Overview:
Siemens is one of the major players operating in the Offshore Wind O&M Services market, holding a share of 26.26% in 2022.
Siemens
Siemens Gamesa is a leader in the renewable energy industry, working to provide the world's best offshore and onshore wind turbines and services.
Vestas
Vestas Wind Systems A/S is a Danish manufacturer, seller, installer, and servicer of wind turbines. Founded in 1945, Vestas is a company integrating design, manufacturing, sales, installation and service of wind turbines, headquartered in Aarhus, Denmark.
Segmentation Overview:
As for product types, the Maintenance Services segment held the largest market share in 2022.
O&M services for offshore wind farms cover wind turbine maintenance, technicians, logistics and vessel supply, BoP inspection and maintenance, operations control center, asset integrity management and so on. Maintenance Services is mainly to maintain hardware problem, such as wind turbines; Operations Services mainly optimizes aspects such as production management.
Application Overview:
The market's largest segment by application is the segment Commercial, with a market share of 95.14% in 2022.
According to the construction nature of Offshore Wind projects, it is divided into Commercial Offshore Wind and Demonstration Offshore Wind. Both types of Offshore Wind produce electricity. Compared with Commercial Offshore Wind, Demonstration Offshore Wind generally has government support or participation, and its technology is more advanced.
This report elaborates on the market size, market characteristics, and market growth of the Offshore Wind O&M Services industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Offshore Wind O&M Services. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Offshore Wind O&M Services Market Report Include:
Market Size Estimates: Offshore Wind O&M Services market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Offshore Wind O&M Services market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Offshore Wind O&M Services market
Segment Market Analysis: Offshore Wind O&M Services market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Offshore Wind O&M Services market situations and prospects in major and top regions and countries
Offshore Wind O&M Services Market
Offshore Wind O&M Services Industry Chain: Offshore Wind O&M Services market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Offshore Wind O&M Services Industry News, Policies by regions
Offshore Wind O&M Services Industry Porters Five Forces Analysis
Key players in the global Offshore Wind O&M Services market are covered in Chapter 2:
Taiwan Generations Corporation (TGC)
RWE
RES
Envision
Sinovel
Shanghai Electric
Siemens
MHI Vestas
Hitachi
Goldwind
Ingeteam
In Chapter 6 and Chapter 9, on the basis of types, the Offshore Wind O&M Services market from 2018 to 2028 is primarily split into:
Maintenance Services
Operations Services
In Chapter 7 and Chapter 10, on the basis of applications, the Offshore Wind O&M Services market from 2018 to 2028 covers:
Commercial
Demonstration
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Offshore Wind O&M Services market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Offshore Wind O&M Services industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Offshore Wind O&M Services market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Offshore Wind O&M Services industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Offshore Wind O&M Services market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Offshore Wind O&M Services market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Offshore Wind O&M Services market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Offshore wind O&M is the activity that follows commissioning to ensure the safe and economic running of the project. The objective of offshore wind O&M is to make sure the project achieves the best balance between running cost and electricity output. O&M occurs throughout the life of the project.
Affect the normal operation of the industry
The impact of COVID-19 on the Wind Turbine Operation and Maintenance industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, O&M plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, the production of wind turbines and demand for wind turbines O&M will not pick up rapidly and substantially and will require a certain recovery period.
Disruption in Supply Chain Amid COVID-19 Pandemic to Negatively Impact Wind Energy Projects
In numerous countries, renewable energy projects are largely dependent on imports from other nations. Similarly, the wind industry is also reliant on imports of wind equipment from a wide range of countries. Most of the wind raw materials and components are imported from China and Europe. But, owing to the lockdown in many countries, key wind equipment suppliers such as GE, and Xinjiang Goldwin have faced production shutdowns, affecting a large number of projects. Moreover, the epidemic has affected employees' normal work, which has encouraged wind operators to focus on reactive turbine repairs and reduced scheduled maintenance activities. Several O&M workers have focused on corrective tasks and have postponed preventative maintenance tasks.
Growing demand for renewable energy
With the continuous intensification of the important contradiction between the continuous growth of contemporary energy demand and the deteriorating living environment, renewable energy has received more and more attention from the world, and its growth rate is the largest and fastest. Among all kinds of renewable energy, wind energy has been paid more and more attention as a kind of non-polluting, renewable, high-efficiency and clean new energy, and all countries in the world have been stepping up the development and utilization of wind energy. When the wave of onshore wind power development has passed, the advantages of offshore wind power have become increasingly prominent, offshore wind energy resources are abundant, and it has many unparalleled advantages of onshore wind power. Offshore wind power development has become the hot spot and frontier of global new energy development. Offshore wind power operation and maintenance is a key part of the offshore wind power industry. Therefore, this will greatly promote the development of the offshore wind power operation and maintenance industry.
Offshore wind power is expensive to operate and maintain.
With the development and construction of far-sea, deep-sea and ultra-large-scale offshore wind farms, the issue of offshore wind power operation and maintenance costs will become more prominent. First of all, the expenditure on the operation and maintenance cost of offshore wind turbines is related to the number of overseas maintenance and repairs, and is greatly affected by product reliability and operation and maintenance strategies. For example, large components such as generators and pitch systems of wind turbines are expensive, and the replacement is difficult and costly. Secondly, the offshore environmental conditions are harsh, the failure rate of wind turbines is high, and the accessibility of offshore wind farms is poor. On the one hand, special equipment is required to enter. Various types of operation and maintenance ships, crane ships and helicopters are currently several types of vehicles commonly used in the maintenance of offshore wind turbines. Special vehicles limit maritime maintenance operability and increase maintenance costs. On the other hand, it is necessary to meet certain weather conditions to enter. Due to the poor accessibility of offshore wind farms, the access time of wind farms is limited throughout the year. As a result, the operation and maintenance of offshore wind farms also puts forward corresponding requirements for personnel and spare parts management for offshore maintenance operations. Therefore, both labor costs, time, machines and other costs are relatively expensive.
Region Overview:
Geographically, Europe held the largest market share -- 65.51% in 2022.
Company Overview:
Siemens is one of the major players operating in the Offshore Wind O&M Services market, holding a share of 26.26% in 2022.
Siemens
Siemens Gamesa is a leader in the renewable energy industry, working to provide the world's best offshore and onshore wind turbines and services.
Vestas
Vestas Wind Systems A/S is a Danish manufacturer, seller, installer, and servicer of wind turbines. Founded in 1945, Vestas is a company integrating design, manufacturing, sales, installation and service of wind turbines, headquartered in Aarhus, Denmark.
Segmentation Overview:
As for product types, the Maintenance Services segment held the largest market share in 2022.
O&M services for offshore wind farms cover wind turbine maintenance, technicians, logistics and vessel supply, BoP inspection and maintenance, operations control center, asset integrity management and so on. Maintenance Services is mainly to maintain hardware problem, such as wind turbines; Operations Services mainly optimizes aspects such as production management.
Application Overview:
The market's largest segment by application is the segment Commercial, with a market share of 95.14% in 2022.
According to the construction nature of Offshore Wind projects, it is divided into Commercial Offshore Wind and Demonstration Offshore Wind. Both types of Offshore Wind produce electricity. Compared with Commercial Offshore Wind, Demonstration Offshore Wind generally has government support or participation, and its technology is more advanced.
This report elaborates on the market size, market characteristics, and market growth of the Offshore Wind O&M Services industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Offshore Wind O&M Services. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Offshore Wind O&M Services Market Report Include:
Market Size Estimates: Offshore Wind O&M Services market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Offshore Wind O&M Services market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Offshore Wind O&M Services market
Segment Market Analysis: Offshore Wind O&M Services market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Offshore Wind O&M Services market situations and prospects in major and top regions and countries
Offshore Wind O&M Services Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Offshore Wind O&M Services Industry Chain: Offshore Wind O&M Services market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Offshore Wind O&M Services Industry News, Policies by regions
Offshore Wind O&M Services Industry Porters Five Forces Analysis
Key players in the global Offshore Wind O&M Services market are covered in Chapter 2:
Taiwan Generations Corporation (TGC)
RWE
RES
Envision
Sinovel
Shanghai Electric
Siemens
MHI Vestas
Hitachi
Goldwind
Ingeteam
In Chapter 6 and Chapter 9, on the basis of types, the Offshore Wind O&M Services market from 2018 to 2028 is primarily split into:
Maintenance Services
Operations Services
In Chapter 7 and Chapter 10, on the basis of applications, the Offshore Wind O&M Services market from 2018 to 2028 covers:
Commercial
Demonstration
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Offshore Wind O&M Services market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Offshore Wind O&M Services industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Offshore Wind O&M Services market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Offshore Wind O&M Services industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Offshore Wind O&M Services market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Offshore Wind O&M Services market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Offshore Wind O&M Services market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
