Wind Turbine Inspection Services Market - Global Industry Analysis, Size, Share 2023
There
is a paradigm shift towards renewable sources of energy across the
globe.Many countries are adding renewable energy capacity into their
total energy mix. Many renewable projects are planned across the globe.
Wind energy is one of the many renewable sources of energy. Wind energy
is currently one of the most mature renewable energy technologies in
operation.
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The
wind energy industry has witnessed rapid development in the past decade
and large economies of scale have already been achieved by the major
market players. As the technology develops and the concentration of
suppliers in a market increases, the overall competitive scenario of the
wind energy market is likely to increase.
Various
linked businesses in the wind energy sector have opened up in the
recent past. One of the highly attractive and emerging businesses in
wind energy industry is that of wind turbine inspection services. As a
business, wind turbine inspection services are gaining increasing
momentum mainly on account of aggressive capacity additions taking place
across the world. The turbine is the most crucial component of a wind
energy generation system, and certainly the most expensive. The wind
turbines isn’t a single component in itself, but is comprised of
numerous smaller components such as the gearbox and generator system. As
a result large wind farm contractors and operators are increasingly
opting for wind turbine inspection services at regular intervals to
effectively safeguard themselves against unplanned maintenances. Being
highly dependent on capacity utilization factors, unplanned maintenances
may result in operators incurring significant losses due to the
downtime. Wind turbines are complex machines which are made to function
in an even more complex environment.
The
gearbox, generator package, and rotor blades are some of the major
components in any turbine which are prone to breaking down. The wind
turbine inspection services efficiently target these particular
components and ensure that the entirety of the turbine is in perfect
working order at all times. One of the major focus areas for wind
turbine inspection services are the maintenance and servicing of
gearboxes. It is well known that gearboxes owing to their complex nature
and multiple moving parts are the most prone to breakdowns. With
regular maintenance and performance checks, wind turbine inspection
services can ensure that these expensive components have a longer
operational life. The wind turbine inspection services are gradually
emerging as a strategic value added service for any wind farm owner or
operator, and the sector is likely to show exponential growth rates in
the future. Until now, nations across the world have employed highly
lucrative incentive regimes such as feed-in-tariffs in order to promote
the adoption of wind energy in their respective jurisdictions. However
as the subsidy bills of respective governments pile up, a retraction of
these subsidy and incentive schemes are likely to be observed.
Feed-in-tariff schemes may be gradually replaced with feed-in-premium
mechanisms. Growth of wind energy industry will directly boost the
market for wind turbine inspection services.
The
global wind turbine inspection services market is segmented on the
basis of type of defects and geography. The main types of wind turbine
defects include external pollution, overload defects, mechanical
defects, phase defects, insulation defects and others.The European and
North American wind energy markets are relatively mature in nature.
Retraction of incentive schemes has hit the annual installation market
of the U.S. while Europe is faltering in general owing to its economic
slowdown. The Asia-Pacific is likely to be an attractive market
displaying steady growth rates for wind turbine inspection services.
Other
attractive markets include Middle East & Africa and South &
Central America. For offshore wind turbine inspection services, the
majority of demand is likely to be generated by Europe which has
aggressively targeted offshore wind energy development. In the Asia
Pacific region China is likely to spearhead the development of the
offshore wind energy sector and trigger significant demand for wind
turbine inspection services. The U.S. was initially slow to enter the
offshore wind energy market; however installations are likely to pick up
in the future. Overall with the wind energy installed capacity expected
to double from current levels by 2023, the wind turbine inspection
services is likely to show exceptional growth rates.
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Some
of the key players in the global wind turbine inspection services
market include Technical Wind Services Ltd., Intertek Group Plc.,
Cenergy International Services LLC, UpWind Solutions Inc., INVISO
Services Ltd., Advanced Cleaning Technology Ltd., ASC Engineering
Service, MFG Energy Services, Midwest Underground Technology Inc.,
MISTRAS Group Inc., and UL International GmbH among others.
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