The wind turbine services market in Europe is estimated to grow by USD 2.21 billion from 2020 to 2025, growing at a CAGR of 8.21% as per the latest report by Technavio.
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Market Dynamics
The market is driven by factors such as the rise in wind energy consumption, aging wind turbines, and the regulatory support for wind energy projects. The intermittency of wind power is hindering market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. This wind turbine services market analysis report of Europe also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Company Profiles
The wind turbine services market in Europe is fragmented and the vendors are providing improved wind turbine services to compete in the market. The wind turbine services market in Europe report provides complete insights on key vendors including E.ON SE, Emergya Wind Technologies BV, Enercon Services Inc., Fassmer Industrial Service GmbH and Co. KG, General Electric Co., Global Wind Service, Nordex SE, Repower AG, Siemens AG, and Vestas Wind System AS.
Few Companies with Key Offerings
- E.ON SE - The company offers wind turbine services that convert the kinetic energy in the wind into mechanical power which are used for specific tasks such as grinding grain or pumping water, under the brand name of Eon.
- Emergya Wind Technologies BV - The company offers wind turbine services where its wind turbines are designed and built to provide the most cost-effective long-term power developing a new distributed energy site or repowering an existing one, under the brand name of EWT.
- Enercon Services Inc. - The company offers wind turbine services that offer an extensive range of onshore wind turbine technologies to cover all wind classes and site conditions, under the brand name of Enercon.
- Fassmer Industrial Service GmbH and Co. KG - The company offers wind turbine services by developing its own designs for the wind energy industry such as helihoists winching systems or access systems for safe access to the wind turbine, under the brand name of Fassmer.
- General Electric Co. - The company offers wind turbine services where its wind turbines allow to harness the power of the wind and turn it into energy, under the brand name of General Electronics.
Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Type, the market is classified into OEM, ISP, and in-house
- By Application, the market is classified into onshore and offshore.
- By Geography, the market is classified as Germany, UK, Spain, Rest of European Union, and Rest of Europe.
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Wind Turbine Services Market In Europe Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.21% |
Market growth 2021-2025 |
USD 2.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.02 |
Regional analysis |
Germany, UK, Spain, Rest of European Union, and Rest of Europe |
Performing market contribution |
Rest of European Union at 40% |
Key consumer countries |
Germany, UK, Spain, Rest of European Union, and Rest of Europe |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
E.ON SE, Emergya Wind Technologies BV, Enercon Services Inc., Fassmer Industrial Service GmbH and Co. KG, General Electric Co., Global Wind Service, Nordex SE, Repower AG, Siemens AG, and Vestas Wind System AS |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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