Research and Markets (http://www.researchandmarkets.com/research/mncvbf/wind_turbine) has announced the addition of the "European Wind Turbine Service Market 2014-2018 with Enercon, Gamesa, Noedex, Repower Siemens Dominating" report to their offering.
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.
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.
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 key vendors dominating this market space are:
- Enercon GmbH
- GAMESA CORPORACIÓN TECNOLÓGICA, S.A
- Nordex SE
- Repower System AG
- Siemens AG.
Other vendors mentioned in the report are:
- GE Energy LLC
- Suzlon Energy Ltd
- The Weir Group PLC
- Vestas Wind Systems A/S
- Windtechnics.
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
For more information visit http://www.researchandmarkets.com/research/mncvbf/wind_turbine
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Sector: Wind Power
