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New study captures market trends in onshore maintenance worldwide

The good news has been public knowledge for a long time: all forecasts show strong worldwide expansion of renewable energies. This is particularly true of wind energy. One interesting aspect is to closely examine the expertise that is decisive for expansion at country or continental level. This includes the area of maintenance of wind turbines.

The study ‘The Worldwide Wind Onshore Maintenance Market. Market, competition and perspectives for wind onshore turbine maintenance worldwide’, which was recently published by the market research institute wind:research, shows the strategic development of worldwide service markets. The key questions are: what trends and market participants are expected in individual countries? Who will have what share of the worldwide maintenance market in the future?

Global wind market in transition

Even if it is a good idea to be careful when dealing with studies and forecasts, they are nevertheless an important indicator and also a source of inspiration for where the journey is headed. Although the worldwide wind market is growing, it is still difficult to assess it globally in terms of country-specific conditions. There are many different approaches in the service market when it comes to characterising the stages of development and market conditions in the individual countries.

At the continental level, however, the study shows that wind markets are growing very differently. National tariff systems, tenders, tax regimes, incentive systems and other individual regulations have a high degree of diversity. The European wind market, for example, is no longer growing as strongly as other continents.

It also seems reasonably logical that relatively mature markets often show weaker proportional growth and even temporary stagnation. This partially applies to Germany, for example. Other markets, however, have passed this phase and are picking up again, such as Spain and Sweden.

The prospects are particularly exciting for individual countries with very high relative growth rates. Asian countries, led by China and India in particular, are taking a leading role in this regard. To a great extent, this is due to the hunger for energy in these regions as well as the increasing importance of environmental issues.

In addition to these countries, however, there are also numerous others with strong expansion scenarios and targets worldwide, such as Chile and Vietnam. There is a degree of uncertainty in all markets, especially political uncertainty, and this is also shown in the study. This also applies to large countries such as Russia or the USA.

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