Lucintel report analyzes wind turbine MRO market

(29/01/2009)

Lucintel has analyzed the wind maintenance, repair, and overhaul services (MRO) market and just published a comprehensive research report entitled “Growth Opportunities in Wind Maintenance, Repair, and Overhaul Services Market 2008-2013.”

The global wind turbine MRO market is growing at double digit rates and is expected to reach a value of USD $9.1 billion in 2013, up from $3.9 billion in 2008. The wind MRO market includes maintenance, repair and overhaul of wind blades, generators, gear boxes and other turbine components.

According to Lucintel, the global energy crisis will pave the way for increased investments in the renewable energy markets and MRO services will become critical for the sustainability of this industry. With the wide range of wind industry participants, from niche players to large power utilities, the need for a structured and reliable business model to meet the servicing needs of wind turbine operators has developed.

Third party service providers (ISPs) are expected to fill the demand gap and provide for a competitive market place that will benefit both the quality and pricing of these services. This report answers the questions on how and why the MRO market is expected to grow, and what strategic decisions service providers may need to consider to remain competitive in the future.

This study provides a critical analysis of the strengths and challenges for the ISP, OEM and in-house MRO business models. The service providers will need to be aware of growing competition, market forces, drivers and challenges for business growth.

This research report discusses current practices in wind MRO, and contains a competitive analysis of market players, wind MRO market trends & forecasts, strategic analysis for MRO services, etc., all designed to help you make confident business decisions in this globally competitive marketplace.

Related categories:  Eco-friendly Power generation   Environmental technologies market data   Wind power