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Offshore Wind Turbine Operations And Maintenance Market
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Offshore Wind Turbine Operations And Maintenance Market

Home Energy And Power Offshore Wind Turbine Operations And Maintenance Market

Offshore Wind Turbine Operations and Maintenance Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Monopole, Jacket, Gravity); By Location (Shallow Water, Transitional Water, Deep Water); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published Date: January 2023
  • Report ID: BWC23067
  • Available Format: PDF
  • Page: 200

Report Overview

Favorable government policies and attractive incentives, increasing offshore exploration and production activities, and a growing focus on reducing environmental impacts by the power generation industry are projected to propel the expansion of global offshore wind turbine operations and maintenance market during the forecast period between 2023 and 2029.

Global Offshore Wind Turbine Operations and Maintenance Market - Industry Trends & Forecast Report, 2029

Global offshore wind turbine operations and maintenance market size was estimated at USD 11.9 billion in 2022. During the forecast period between 2023 and 2029, the size of global offshore wind turbine operations and maintenance market is projected to grow at a CAGR of 8.3% reaching a value of USD 20.1 billion by 2029. Major growth drivers for global offshore wind turbine operations and maintenance market include increasing focus on reducing environmental impacts in the power generation industry, favorable government policies and attractive incentives and rise in the rate of offshore exploration and production activities. The global increase in capacity installations has driven the wind turbine operations and maintenance market. The power generation industry's focus on lowering environmental consequences has been a primary driver of exponential increase in annual installation over the last few years, resulting in rapid expansion in capacity installation in Asia Pacific, Europe, and North America. Favorable government regulations and appealing incentives were put in place to establish a zero-emission power system, which boosted annual installation capacity over the last few tears. China, Germany, India, Japan, and France are concentrating on reducing their reliance on fossil fuel-based energy sources. The predicted increase in the deployment of wind turbines in increasingly challenging and difficult places, such as further offshore, along with the increasing capacity of wind turbine capacity, has increased the burden on the wind turbine's operating components. This causes early component degradation, such as gearboxes and other components, and is expected to result in a significant wind farm collapse. Furthermore, the costs of providing wind turbine operations and maintenance services are much higher than those of onshore installations. In comparison to onshore facilities, challenges such as growing service, material, and difficult to access terrains are limiting the expansion of the wind turbine operations and maintenance market. These current trends are expected to drive the global offshore wind turbine operations and maintenance market over the forecast period.

Offshore Wind Turbine Operations and Maintenance Market

Global Offshore Wind Turbine Operations and Maintenance Market – Overview

Wind is a form of energy caused by uneven heating of the atmosphere and irregularities on the earth's surface. Wind farm owners must do operations and maintenance on their turbines due to the long-term impact. Larger owners frequently adopt self-perform strategies in order to obtain complete control over their assets, enhance original equipment manufacturer (OEM) procedures, and cut costs. A wind turbine is a mechanism that converts wind kinetic energy into electricity. Wind farms now generate more than 650 gigatons of electricity, with 60 gigatons constructed per year. Periodic turbine maintenance is necessary to extend the life of wind turbines and enhance the wind turbine operations and maintenance business. To generate both power and income over the projected time, the leading industry players in the global wind turbine operations and maintenance market must invest a large amount of money. Wind turbine operations and maintenance service providers oversee the maintenance, operation, repair, and diagnostics of wind turbines installed at offshore wind farms. Wind turbine operations and maintenance services include unscheduled maintenance, scheduled maintenance, asset management, and remote monitoring.

Global Offshore Wind Turbine Operations and Maintenance Market

Growth Drivers

Favorable Government Policies and Rising Investments

Increasing environmental restrictions are pushing the power generation industry to use cleaner, more environmentally friendly energy resources. Several countries throughout the world are working on improving renewable energy generation in order to lessen their reliance on traditional power sources. Furthermore, investments in wind, solar, and other renewable energy sources are expanding all the time. Wind power is one of the most important renewable energy sources that has the ability to alleviate global power generation problems. Furthermore, increased government initiatives and policies for clean energy development are driving the growth of the wind power industry. Feed-in tariffs, tax credits, electricity balance mechanisms, investment, and other are the main energy policies and subsidies explicitly targeting the wind energy sector in various countries such as Germany, the United Kingdom, the United States, Japan, and China to maintain the required demand for electricity.

Restraints

High Costs for Operations and Maintenance

The smooth and longer life of a wind turbine is dependent on its operation and maintenance. Wind turbine operation and maintenance costs are highly high, accounting for over 30% of total wind turbine cost, which is one of the significant reasons impeding market growth. Wind turbines must be checked on a regular basis after installation to avoid common problems. Without sufficient maintenance, proper breakdown is common, hampered various crucial functions. As a result, operation and maintenance are critical for both onshore and offshore wind farms. Cost is a major concern for these operations; the cost of wind turbine operation and maintenance is relatively high, accounting for almost 25–30% of the entire wind turbine cost. However, market participants are continuously striving to lower costs.

Impact of COVID-19 on Global Offshore Wind Turbine Operations and Maintenance Market

COVID-19 had a detrimental impact on offshore wind turbine operations and maintenance market. Renewable energy development in numerous nations is heavily reliant on imports from manufacturing countries, particularly China. As a result, the wind renewable energy business is reliant on wind energy component and equipment imports from other countries. Wind energy raw materials and components, including as rotors and blades, are imported into the United States from Europe and China. Nationwide lockdowns and travel ban in various European and Asian Pacific countries have resulted in a drop in wind turbine output, with leading manufacturers such as General Electric, Goldwind, and others experiencing massive backlogs and delays in order processing. According to the Wind Europe research, for example, the wind turbine industry is expected to fall by about 30% by 2020. Even though the COVID-19 has reduced wind turbine manufacture, existing wind turbines have continued to operate to provide a consistent energy supply.

Global Offshore Wind Turbine Operations and Maintenance Market

Segmental Coverage

Global Offshore Wind Turbine Operations and Maintenance Market – By Type

By type, global offshore wind turbine operations and maintenance market is segmented into Monopole, Jacket, and Gravity.

Global Offshore Wind Turbine Operations and Maintenance Market – By Location

Based on location, global offshore wind turbine operations and maintenance market is divided into Shallow Water, Transitional Water, and Deep Water segments. The shallow water segment holds the highest marker share in 2022. This segment is where the majority of initiatives are undertaken. Due to the presence of less harsh weather and ease of maintenance, this segment is a favored alternative for the establishment of offshore wine farms. In addition, establishing electrical infrastructure is easier in shallow water when installing a wind turbine. Because of the lower wind speed available in shallow water, turbines with lower MW capacity are installed in this region.

Global Offshore Wind Turbine Operations and Maintenance Market – By Region

Geographically, global offshore wind turbine operations and maintenance market covers North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region dominates the wind turbine operations and maintenance industry. The location has significant operating and maintenance expenses and has dominated the market for offshore projects. The United Kingdom has the most offshore capacity globally; other notable European suppliers include Germany, Spain, France, Italy, and Denmark. Due to China's strong increase in annual installations, Asia Pacific is expected to be the market leader over the projected period, accounting for more than 43% of total sales. China has the world's largest annual installation at 23 GW. Furthermore, the country is expected to increase its offshore capacity, which will benefit the industry's growth. Over the projected period, the market in Japan, South Korea, and Southeast Asian countries is expected to rise at an exponential rate. Wind farms are supported by governments in developing countries because they lay a significant emphasis on decreasing their environmental footprint. This is likely to propel the market in Asia Pacific over the forecast period.

Competitive Landscape

Major players operating in global offshore wind turbine operations and maintenance market include Vestas, Siemens Gamesa Renewable Energy, Goldwind, MHI Vestas, GE Renewable Energy, ENVISION, Mingyang, Nordex Acciona, Enercon, Windey, Adwen, Dongfang, Sewind, CSIC Haizhuang, Senvion, United Power, Dong Energy, Suzlon Energy Limited, and B9 Energy Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In December 2021 - Nordex SE secured an order from Swift Energy to supply wind turbines with a capacity of 4.8 MW to the Castle Gap project in Central Texas.

  • In December 2021- Siemens Gamesa announced that the South Fork Wind energy project would employ the Paul Candies, a Gulf of Mexico-based inspection and repair vessel, for turbine building maintenance and operations.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, The Netherlands, Belgium, NORDIC Countries, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, Iran, South Africa, Nigeria, Kenya, Egypt, Morocco, Algeria, Rest of Middle East & Africa)

Product/ Service Segmentation

Type, Location, Region

Key Players

Vestas, Siemens Gamesa Renewable Energy, Goldwind, MHI Vestas, GE Renewable Energy, ENVISION, Mingyang, Nordex Acciona, Enercon, Windey, Adwen, Dongfang, Sewind, CSIC Haizhuang, Senvion, United Power, Dong Energy, Suzlon Energy Limited, B9 Energy Group

 

By Type

  • Monopole

  • Jacket

  • Gravity

By Location

  • Shallow Water

  • Transitional Water

  • Deep Water

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Offshore Wind Turbine Operations and Maintenance Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising focus on reducing environmental impacts in the power generation industry
        2. Favorable government policies and attractive incentives
        3. Rise in the rate of offshore exploration and production activities
      2. Restraints
        1. Stagnant growth in global electric consumption
        2. High costs for operations & maintenance
      3. Opportunities
        1. Rising investments in offshore wind turbines
        2. Increasing offshore activities
      4. Challenges
        1. Lack of skilled workforce to operate the systems
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Offshore Wind Turbine Operations and Maintenance Market Overview
    1. Market Size & Forecast, by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Monopole
        2. Jacket
        3. Gravity
        4. Others
      2. By Location
        1. Shallow Water
        2. Transitional Water
        3. Deep Water
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Offshore Wind Turbine Operations and Maintenance Market
      1. Market Size & Forecast, by Value, 2019–2029
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Location
      3. By Country
        1. US
          1. By Type
          2. By Location
        2. Canada
          1. By Type
          2. By Location
  6. Europe Offshore Wind Turbine Operations and Maintenance Market
    1. Market Size & Forecast, by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Location
      3. By Country
        1. Germany
          1. By Type
          2. By Location
        2. UK
          1. By Type
          2. By Location
        3. Italy
          1. By Type
          2. By Location
        4. France
          1. By Type
          2. By Location
        5. Spain
          1. By Type
          2. By Location
        6. The Netherlands
          1. By Type
          2. By Location
        7. Rest of Europe
          1. By Type
          2. By Location
  7. Asia Pacific Offshore Wind Turbine Operations and Maintenance Market
    1. Market Size & Forecast, by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Location
      3. By Country
        1. China
          1. By Type
          2. By Location
        2. India
          1. By Type
          2. By Location
        3. Japan
          1. By Type
          2. By Location
        4. South Korea
          1. By Type
          2. By Location
        5. Australia & New Zealand
          1. By Type
          2. By Location
        6. Indonesia
          1. By Type
          2. By Location
        7. Malaysia
          1. By Type
          2. By Location
        8. Singapore
          1. By Type
          2. By Location
        9. Philippines
          1. By Type
          2. By Location
        10. Vietnam
          1. By Type
          2. By Location
        11. Rest of APAC
          1. By Type
          2. By Location
  8. Latin America Offshore Wind Turbine Operations and Maintenance Market
    1. Market Size & Forecast, by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Location
      3. By Country
        1. Brazil
          1. By Type
          2. By Location
        2. Mexico
          1. By Type
          2. By Location
        3. Argentina
          1. By Type
          2. By Location
        4. Peru
          1. By Type
          2. By Location
        5. Rest of LATAM
          1. By Type
          2. By Location
  9. Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market
    1. Market Size & Forecast, by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Location
      3. By Country
        1. Saudi Arabia
          1. By Type
          2. By Location
        2. UAE
          1. By Type
          2. By Location
        3. Qatar
          1. By Type
          2. By Location
        4. Kuwait
          1. By Type
          2. By Location
          3. By End User
        5. South Africa
          1. By Type
          2. By Location
        6. Nigeria
          1. By Type
          2. By Location
        7. Algeria
          1. By Type
          2. By Location
        8. Rest of MEA
          1. By Type
          2. By Location
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Offshore Wind Turbine Operations and Maintenance Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
  11. Impact of Covid-19 on Global Offshore Wind Turbine Operations and Maintenance Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Vestas
    2. Siemens Gamesa Renewable Energy
    3. Goldwind
    4. MHI Vestas
    5. GE Renewable Energy
    6. ENVISION
    7. Mingyang
    8. Nordex Acciona
    9. Enercon
    10. Windey
    11. Adwen
    12. Dongfang
    13. Sewind
    14. CSIC Haizhuang
    15. Senvion
    16. United Power
    17. Dong Energy
    18. Suzlon Energy Limited
    19. B9 Energy Group
    20. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

Figure 1       Global Offshore Wind Turbine Operations and Maintenance Segmentation

Figure 2       Global Offshore Wind Turbine Operations and Maintenance Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Global Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 5       Global Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 6       Global Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 7       Global Offshore Wind Turbine Operations and Maintenance Market Share, By Region, By Value, 2019–2029

Figure 8       North America Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 9       North America Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 10     North America Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 11     North America Offshore Wind Turbine Operations and Maintenance Market Share, By Country, By Value, 2019–2029

Figure 12     US Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 13     US Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 14     US Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 15     Canada Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 16     Canada Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 17     Canada Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 18     Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 19     Europe Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 20     Europe Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 21     Europe Offshore Wind Turbine Operations and Maintenance Market Share, By Country, By Value, 2019–2029

Figure 22     Germany Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 23     Germany Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 24     Germany Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 25     UK Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 26     UK Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 27     UK Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 28     Italy Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 29     Italy Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 30     Italy Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 31     France Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 32     France Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 33     France Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 34     Spain Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 35     Spain Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 36     Spain Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 37     The Netherlands Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 38     The Netherlands Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 39     The Netherlands Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 40     Rest of Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 41     Rest of Europe Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 42     Rest of Europe Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 43     Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 44     Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 45     Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 46     Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Share, By Country, By Value, 2019–2029

Figure 47     China Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 48     China Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 49     China Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 50     India Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 51     India Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 52     India Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 53     Japan Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 54     Japan Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 55     Japan Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 56     South Korea Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 57     South Korea Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 58     South Korea Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 59     Australia & New Zealand Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 60     Australia & New Zealand Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 61     Australia & New Zealand Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 62     Indonesia Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 63     Indonesia Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 64     Indonesia Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 65     Malaysia Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 66     Malaysia Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 67     Malaysia Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 68     Singapore Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 69     Singapore Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 70     Singapore Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 71     Philippines Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 72     Philippines Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 73     Philippines Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 74     Vietnam Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 75     Vietnam Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 76     Vietnam Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 77     Rest of APAC Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 78     Rest of APAC Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 79     Rest of APAC Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 80     Latin America Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 81     Latin America Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 82     Latin America Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 83     Latin America Offshore Wind Turbine Operations and Maintenance Market Share, By Country, By Value, 2019–2029

Figure 84     Brazil Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 85     Brazil Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 86     Brazil Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 87     Mexico Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 88     Mexico Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 89     Mexico Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 90     Argentina Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 91     Argentina Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 92     Argentina Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 93     Peru Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 94     Peru Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 95     Peru Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 96     Rest of LATAM Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 97     Rest of LATAM Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 98     Rest of LATAM Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 99     Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 100   Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 101   Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 102   Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Share, By Country, By Value, 2019–2029

Figure 103   Saudi Arabia Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 104   Saudi Arabia Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 105   Saudi Arabia Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 106   UAE Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 107   UAE Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 108   UAE Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 109   Qatar Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 110   Qatar Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 111   Qatar Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 112   Kuwait Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 113   Kuwait Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 114   Kuwait Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 115   South Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 116   South Africa Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 117   South Africa Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 118   Nigeria Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 119   Nigeria Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 120   Nigeria Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 121   Algeria Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 122   Algeria Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 123   Algeria Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

Figure 124   Rest of MEA Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Figure 125   Rest of MEA Offshore Wind Turbine Operations and Maintenance Market Share, By Type, By Value, 2019–2029

Figure 126   Rest of MEA Offshore Wind Turbine Operations and Maintenance Market Share, By Location, By Value, 2019–2029

         

List of Tables

Table 1        Global Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 2        Global Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 3        Global Offshore Wind Turbine Operations and Maintenance Market Size, By Region, By Value, 2019–2029

Table 4        North America Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 5        North America Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 6        North America Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 7        North America Offshore Wind Turbine Operations and Maintenance Market Size, By Country, By Value, 2019–2029

Table 8        US Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 9        US Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 10      US Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 11      Canada Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 12      Canada Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 13      Canada Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 14      Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 15      Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 16      Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 17      Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Country, By Value, 2019–2029

Table 18      Germany Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 19      Germany Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 20      Germany Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 21      UK Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 22      UK Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 23      UK Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 24      Italy Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 25      Italy Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 26      Italy Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 27      France Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 28      France Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 29      France Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 30      Spain Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 31      Spain Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 32      Spain Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 33      The Netherlands Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 34      The Netherlands Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 35      The Netherlands Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 36      Rest of Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 37      Rest of Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 38      Rest of Europe Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 39      Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 40      Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 41      Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 42      Asia-Pacific Offshore Wind Turbine Operations and Maintenance Market Size, By Country, By Value, 2019–2029

Table 43      China Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 44      China Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 45      China Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 46      India Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 47      India Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 48      India Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 49      Japan Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 50      Japan Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 51      Japan Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 52      South Korea Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 53      South Korea Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 54      South Korea Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 55      Australia & New Zealand Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 56      Australia & New Zealand Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 57      Australia & New Zealand Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 58      Indonesia Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 59      Indonesia Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 60      Indonesia Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 61      Malaysia Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 62      Malaysia Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 63      Malaysia Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 64      Singapore Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 65      Singapore Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 66      Singapore Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 67      Philippines Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 68      Philippines Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 69      Philippines Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 70      Vietnam Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 71      Vietnam Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 72      Vietnam Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 73      Rest of APAC Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 74      Rest of APAC Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 75      Rest of APAC Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 76      Latin America Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 77      Latin America Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 78      Latin America Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 79      Latin America Offshore Wind Turbine Operations and Maintenance Market Size, By Country, By Value, 2019–2029

Table 80      Brazil Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 81      Brazil Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 82      Brazil Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 83      Mexico Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 84      Mexico Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 85      Mexico Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 86      Argentina Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 87      Argentina Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 88      Argentina Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 89      Peru Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 90      Peru Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 91      Peru Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 92      Rest of LATAM Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 93      Rest of LATAM Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 94      Rest of LATAM Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 95      Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 96      Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 97      Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 98      Middle East & Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Country, By Value, 2019–2029

Table 99      Saudi Arabia Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 100    Saudi Arabia Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 101    Saudi Arabia Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 102    UAE Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 103    UAE Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 104    UAE Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 105    Qatar Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 106    Qatar Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 107    Qatar Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 108    Kuwait Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 109    Kuwait Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 110    Kuwait Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 111    South Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 112    South Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 113    South Africa Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 114    Nigeria Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 115    Nigeria Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 116    Nigeria Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 117    Algeria Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 118    Algeria Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 119    Algeria Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 120    Rest of MEA Offshore Wind Turbine Operations and Maintenance Market Size, By Value (USD Million), 2019–2029

Table 121    Rest of MEA Offshore Wind Turbine Operations and Maintenance Market Size, By Type, By Value, 2019–2029

Table 122    Rest of MEA Offshore Wind Turbine Operations and Maintenance Market Size, By Location, By Value, 2019–2029

Table 123    Vestas Company Overview

Table 124    Vestas Financial Overview

Table 125    Siemens Gamesa Renewable Energy Company Overview

Table 126    Siemens Gamesa Renewable Energy Financial Overview

Table 127    Goldwind Company Overview

Table 128    Goldwind Financial Overview

Table 129    MHI Vestas Company Overview

Table 130    MHI Vestas Financial Overview

Table 131    GE Renewable Energy Company Overview

Table 132    GE Renewable Energy Financial Overview

Table 133    ENVISION Company Overview

Table 134    ENVISION Financial Overview

Table 135    Mingyang Company Overview

Table 136    Mingyang Financial Overview

Table 137    Nordex Acciona Company Overview

Table 138    Nordex Acciona Financial Overview

Table 139    Enercon Company Overview

Table 140    Enercon Financial Overview

Table 141    Windey Company Overview

Table 142    Windey Financial Overview

Table 143    Adwen Company Overview

Table 144    Adwen Financial Overview

Table 145    Dongfang Company Overview

Table 146    Dongfang Financial Overview

Table 147    Sewind Company Overview

Table 148    Sewind Financial Overview

Table 149    CSIC Haizhuang Company Overview

Table 150    CSIC Haizhuang Financial Overview

Table 151    Senvion Company Overview

Table 152    Senvion Financial Overview

Table 153    United Power Company Overview

Table 154    United Power Financial Overview

Table 155    Dong Energy Company Overview

Table 156    Dong Energy Financial Overview

Table 157    Suzlon Energy Limited Company Overview

Table 158    Suzlon Energy Limited Financial Overview

Table 159    B9 Energy Group Company Overview

Table 160    B9 Energy Group Financial Overview

Market Segmentation

By Type

  • Monopole

  • Jacket

  • Gravity

By Location

  • Shallow Water

  • Transitional Water

  • Deep Water

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America

  • Middle East and Africa (MEA)

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Frequently Asked Questions (FAQs):

Ans: The shallow water segment is expected to hold the highest market share in Global Offshore Wind Turbine Operations and Maintenance Market by location.
Ans: Major factors driving the growth of Global Offshore Wind Turbine Operations and Maintenance Market include increasing focus on reducing environmental impacts in the power generation industry, favorable government policies and attractive incentives and rise in the rate of offshore exploration and production activities.
Ans: In 2022, Global Offshore Wind Turbine Operations and Maintenance Market size was estimated at USD 11.9 billion.
Ans: Key players in Global Offshore Wind Turbine Operations and Maintenance Market include Vestas, Siemens Gamesa Renewable Energy, Goldwind, MHI Vestas, GE Renewable Energy, ENVISION, Mingyang, Nordex Acciona, Enercon, Windey, Adwen, Dongfang, Sewind, CSIC Haizhuang, Senvion, United Power, Dong Energy, Suzlon Energy Limited, and B9 Energy Group.