The Global Wind Energy O&M Market is Expected to Witness a Rapid Growth at a CAGR of 12.7 Percent During the Forecast Period, According to the New Study on ASDReports

Wednesday 8 October 2014, Amsterdam

Although wind energy systems do not require any kind of fuel, there is a huge cost involved in the operations and maintenance (O&M) processes, Says the report now available on ASDReports. Good O&M practices can optimize the profitability of the wind farm and ultimately reduce the downtime of the turbine, thereby extending its lifespan.

The latest report focuses increased installation of new wind farms, as well as aging wind farms that constantly require O&M activities as major growth drivers in the market. Some key end users highlighted in this report include:

•     Power Utilities
•     Independent Power Producers

“Many original equipment manufacturers are investing in their own technological footprints to reduce onshore logistics costs, while some are entering into partnerships with local ISPs to maintain a flexible and efficient manpower structure. This will help attract independent power producers and power utilities to enter into long-term contracts for services with them, thereby ensuring long-term cash flow for OEMs and long-term project viability,” says Faisal Ghaus, Vice President of TechNavio.