Wind Turbine Services Market in Europe | Leading Segments, Trends, Drivers and Challenges
E.ON SE, Emergya Wind Technologies BV, Enercon Services Inc., Fassmer Industrial Service GmbH and Co. KG, and General Electric Co. are among the key vendors discussed in the research report
The wind turbine services market in Europe is expected to grow by $ 2.21 billion, accelerating at a CAGR of almost 8.21% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights into factors that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.
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Wind Turbine Services Market in Europe: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Type (OEM, ISP, and in-house), Application (onshore and offshore), and Geography (Germany, UK, Spain, Rest of European Union, and Rest of Europe).
- 40% of the market growth will originate from Rest of European Union during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Wind Turbine Services Market in Europe size.
Wind Turbine Services Market in Europe: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Rise in wind energy consumption will be a significant factor in driving the growth of the Wind Turbine Services Market in Europe.
- Replacement and or renovation of aging wind turbines will be instrumental in driving market growth during the forecast period.
- Intermittency of wind power is a hurdle that needs to be crossed on the path to success.
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Wind Turbine Services Market in Europe: Vendor Analysis
- The market is fragmented.
- E.ON SE, Emergya Wind Technologies BV, Enercon Services Inc., Fassmer Industrial Service GmbH and Co. KG, General Electric Co., Global Wind Service, Nordex SE, Repower AG, Siemens AG, and Vestas Wind System AS are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Market segments
- Comparison by Product
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- De-heading and gutting equipment - Market size and forecast 2020-2025
- Grading equipment - Market size and forecast 2020-2025
- Scaling equipment - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- E.ON SE
- Emergya Wind Technologies BV
- Enercon Services Inc.
- Fassmer Industrial Service GmbH and Co. KG
- General Electric Co.
- Global Wind Service
- Nordex SE
- Repower AG
- Siemens AG
- Vestas Wind System AS
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 8.21%.
- What is the incremental growth of the market?
The market is expected to grow by $ 2.21 billion through 2021-2025.
- What is a key factor driving this market?
Rise in wind energy consumption will drive market growth during the forecast period.
- What are the key regions covered in this market research report?
Germany, UK, Spain, Rest of European Union, and Rest of Europe are the key regions featured in this research report.
- Which is the leading geographic region for this market:
40% growth will originate from Rest of European Union
- Who are the leading market vendors?
The leading vendors in this market are E.ON SE, Emergya Wind Technologies BV, Enercon Services Inc., Fassmer Industrial Service GmbH and Co. KG, General Electric Co., Global Wind Service, Nordex SE, Repower AG, Siemens AG, and Vestas Wind System AS
- What are the market segments covered in this report?
The market is segmented by Type (OEM, ISP, and in-house), Application (onshore and offshore), and Geography (Germany, UK, Spain, Rest of European Union, and Rest of Europe)
