Market Research Logo

Wind Turbine Services Market in Europe 2019-2023

Wind Turbine Services Market in Europe 2019-2023

About this market

The adoption of renewable energy sources has been increasing to reduce the growing levels of greenhouse gas (GHG) emissions. Governments of several countries are providing subsidies to encourage the adoption of renewable energy sources such as wind energy for power generation. The installation of wind turbines has been increasing over the years. The wind market in Europe is witnessing new wind farm installations and is investing in operational wind farms due to favorable market conditions that support the adoption of renewable wind energy for power generation. Wind turbines require regular maintenance to ensure optimal performance. The increase in the number of wind turbine installations in both onshore and offshore environments in Europe will drive the growth of the wind turbine services market during the forecast period. Technavio’s analysts have predicted that the wind turbine services market in Europe will register a CAGR of over 8% by 2023.

Market Overview

Increasing adoption of clean energy

The depletion of oil and gas reserves and the global need to reduce GHG emissions have increased the adoption of clean energy across the world. The adoption of renewable energy sources for power generation is increasing. This is because many developing and developed countries are implementing clean energy initiatives to reduce carbon emissions.

Competition from solar PV

Solar PV is a scalable energy source, which can be generated by large- and small-scale parks as well as households. The reducing cost of solar panels and the subsidies provided by various national authorities support the adoption of solar energy. Thus, the rising demand for clean energy sources and the low cost of solar PV modules are expected to limit the growth of the wind turbine services market in Europe during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the wind turbine services market in Europe during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Wind Turbine Services Market in Europe 2019-2023

Technavio recognizes the following companies as the key players in the wind turbine services market in Europe: E.ON SE, GENERAL ELECTRIC, Nordex SE, Senvion S.A., Siemens Gamesa Renewable Energy, S.A., Vestas.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing number of offshore wind turbine.”

According to the report, one of the major drivers for this market is the increasing adoption of clean energy.

Further, the report states that one of the major factors hindering the growth of this market is the intermittency of wind power affects the adoption of wind turbines, which is expected to hinder the growth of the wind turbine services market in Europe during the forecast period.

Companies Mentioned

E.ON SE

GENERAL ELECTRIC

Nordex SE

Senvion S.A.

Siemens Gamesa Renewable Energy, S.A.

Vestas

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global renewable energy market
      • Table Segments of global renewable energy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Regional market: Size and forecast 2018-2023 ($ millions)
      • Table Regional market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • OEM - Market size and forecast 2018-2023
      • Table OEM - Market size and forecast 2018-2023 ($ millions)
      • Table OEM - Year-over-year growth 2019-2023 (%)
    • ISP - Market size and forecast 2018-2023
      • Table ISP - Market size and forecast 2018-2023 ($ millions)
      • Table ISP - Year-over-year growth 2019-2023 (%)
    • In-house - Market size and forecast 2018-2023
      • Table In-house - Market size and forecast 2018-2023 ($ millions)
      • Table In-house - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2018-2023
      • Table Onshore - Market size and forecast 2018-2023 ($ millions)
      • Table Onshore - Year-over-year growth 2019-2023 (%)
    • Offshore - Market size and forecast 2018-2023
      • Table Offshore - Market size and forecast 2018-2023 ($ millions)
      • Table Offshore - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Germany - Market size and forecast 2018-2023
      • Table Germany - Market size and forecast 2018-2023 ($ millions)
      • Table Germany - Year-over-year growth 2019-2023 (%)
    • Spain - Market size and forecast 2018-2023
      • Table Spain - Market size and forecast 2018-2023 ($ millions)
      • Table Spain - Year-over-year growth 2019-2023 (%)
    • UK - Market size and forecast 2018-2023
      • Table UK - Market size and forecast 2018-2023 ($ millions)
      • Table UK - Year-over-year growth 2019-2023 (%)
    • Rest of European Union - Market size and forecast 2018- 2023
      • Table Rest of European Union - Market size and forecast 2018-2023 ($ millions)
      • Table Rest of European Union - Year-over-year growth 2019-2023 (%)
    • Rest of Europe - Market size and forecast 2018-2023
      • Table Rest of Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Rest of Europe - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing number of offshore wind turbines
    • Development of hybrid model
    • Declining LCOE of wind power generation
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • E.ON SE
      • Table E.ON SE - Vendor overview
      • Table E.ON SE - Business segments
      • Table E.ON SE - Organizational developments
      • Table E.ON SE - Geographic focus
      • Table E.ON SE - Segment focus
      • Table E.ON SE - Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC - Vendor overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Nordex SE
      • Table Nordex SE - Vendor overview
      • Table Nordex SE - Business segments
      • Table Nordex SE - Organizational developments
      • Table Nordex SE - Geographic focus
      • Table Nordex SE - Segment focus
      • Table Nordex SE - Key offerings
    • Senvion S.A.
      • Table Senvion S.A. - Vendor overview
      • Table Senvion S.A. - Business segments
      • Table Senvion S.A. - Organizational developments
      • Table Senvion S.A. - Geographic focus
      • Table Senvion S.A. - Segment focus
      • Table Senvion S.A. - Key offerings
    • Siemens Gamesa Renewable Energy, S.A.
      • Table Siemens Gamesa Renewable Energy, S.A. - Vendor overview
      • Table Siemens Gamesa Renewable Energy, S.A. - Business segments
      • Table Siemens Gamesa Renewable Energy, S.A. - Organizational developments
      • Table Siemens Gamesa Renewable Energy, S.A. - Geographic focus
      • Table Siemens Gamesa Renewable Energy, S.A. - Segment focus
      • Table Siemens Gamesa Renewable Energy, S.A. - Key offerings
    • Vestas
      • Table Vestas - Vendor overview
      • Table Vestas - Business segments
      • Table Vestas - Organizational developments
      • Table Vestas - Geographic focus
      • Table Vestas - Segment focus
      • Table Vestas - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report