Lucintel Forecasts Global Wind Operation and Maintenance Market to Reach $14,014 Million by 2018

The global wind operation and maintenance market is set to expand with stable demand potential in the near future.

The global wind operation and maintenance market is set to expand with stable demand potential in the near future. The wind operation service market accounted for more than 20%and the wind maintenance service market accounted for more than 75%of the global wind operation and maintenance marketing 2012.The three main components of wind turbines, gearbox, generator, and wind blades account for more than 50%of repair and replacement servicing needs. According to market forecasts,the global wind operation and maintenance market is expected to reach $14,014million by 2018.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in "Growth OpportunitiesinGlobal Wind Operation and Maintenance Market 2013-2018: Trend, Forecast, and Opportunity Analysis".This study provides a concise overview of the global wind operation and maintenance market in terms of value and projected annual growth.
Lucintel discusses the various challenges and opportunities faced by the wind operation and maintenance market.Efficient and timely operation and maintenance servicing has a positive impact, both on reducing repair costs and improved performance output of large machines. In this market, it is very critical to have ready inventory of spare parts or a strong supply chain that can respond to the repair needs when they occur.
Lucintel's study encompasses the major drivers.Mostly, aging wind turbines cause unexpected failure of components, such as gearboxes, generators, and rotor blades which is a major driver for wind operation and maintenance costs. So, improving turbine reliability is a priority for the manufacturers.
This report highlights different aspects of the wind operation and maintenance market. Due diligence has been given to the current market scenario. Europe is the leader in this market with the highest market share, followed by APAC.
The global wind operation and maintenance market is expected to grow significantly in near future.The top players need to formulate effective marketing strategies to take advantage of the opportunities, resulting in improved revenue and profitability.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com

Lucintel has started Live Chat in its website to answer visitors' question in real time with precision. Visitors can either directly chat or talk with our expert at free of cost through Live Chat to get assistance about what they are looking for from Lucintel.
Visit Lucintel Product list http://www.lucintel.com/lucintel-product-catalog.htmlto see a complete list of Lucintel reports. Sign up for our free Email Newsletter http://www.lucintel.com/newsletter.aspx

Featured Product

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack TDP™ Turnkey Trackers are the next generation, single-axis solar tracker solution, complete with comprehensive services and support. What sets this tracking solution apart is its updated tracking technology bundled with a full suite of best-in-class project services and support for commercial and utility-scale solar customers. The TDP Turnkey Tracker offers the lowest total cost solution by providing the only tracker in the industry that includes full design, installation, commissioning, and support services bundled in one contract. Solar FlexRack's TDP Solar Tracker solution is supported by an in-house team of experts that includes mechanical, structural, civil, electrical and geotechnical engineers and geologists. To learn more about Solar FlexRack's TDP Turnkey Tracker, one of the most cost-effective and comprehensive tracker solutions available, please visit: http://solarflexrack.com/products/tracker.