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. 
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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

SOURCE Research and Markets