DUBLIN, Ireland, April 18, 2014 /PRNewswire/ --
Research and
Markets (http://www.researchandmarkets.com/research/c7kh35/wind_turbine)
has announced the addition of the "Wind Turbine Service Market
in Europe 2014-2018" report to their offering.
(Logo:
http://photos.prnewswire.com/prnh/20130307/600769 )
The analysts forecast the Wind Turbine Service market in
Europe to grow at a CAGR of 9.02
percent over the period 2013-2018. One of the key factors
contributing to this market growth is the increase in aging wind
farms. The Wind Turbine Service market in Europe has also been witnessing the increase
in investments by OEMs. However, the lack of skilled workforce
could pose a challenge to the growth of this market.
The report, the Wind Turbine Service Market in Europe 2014-2018, has been prepared based on
an in-depth market analysis with inputs from industry experts. The
report covers the Wind Turbine Service market landscape and its
growth prospects in the coming years. The report also includes a
discussion of the key vendors operating in this market.
Increasing investment by OEMs is one of the major trends being
witnessed in the market. Some OEMs are attempting to enhance their
own existing technology and invest in new technology to reduce
onshore logistics costs. Many large OEMs are entering into
partnerships with local ISPs to maintain a flexible and efficient
manpower structure, while reducing costs with regard to
logistics.
By investing in technology and local ISPs, the OEMs are
attracting the IPPs and utilities to enter into long-term contracts
for service with OEMs. This not only ensures long-term cash flow
for the OEMs but also ensures the long-term project finance, as
financiers are increasingly demanding long-term contracts that
reduce the cash volatility risk and guarantee stable returns to the
financiers.
According to the report, one of the main drivers in this market is
the aging wind farms in Europe.
Currently, many wind farms in Europe require servicing so as to maintain a
consistent level of efficiency. This increased requirement for
services by the wind farms will propel the growth of the market
during the forecast period.
Further, the report states that one of the major challenges in this
market is the lack of skilled workforce. The lack of skilled
workforce in the market has had a negative impact, resulting in a
drastic decline in the revenue of the vendors in the recent
past.
The study was conducted using an objective combination of primary
and secondary information including inputs from key participants in
the industry. The report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key
vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Service Provider
08. Market Segmentation by Technology
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
Companies Mentioned:
- Enercon GmbH
- GAMESA CORPORACIÓN TECNOLÓGICA
- GE Energy LLC
- Nordex SE
- Repower System AG
- Siemens AG.
- Suzlon Energy Ltd
- The Weir Group PLC
- Vestas Wind Systems A/S
- Windtechnics
For more information
visit http://www.researchandmarkets.com/research/c7kh35/wind_turbine
Media Contact: Laura Wood , +353-1-481-1716,
press@researchandmarkets.net