OEMs provide warranty contracts along with their products, such as turbines, to WFOs. As more and more wind turbines are reaching the end of their initial warranty contracts, demand for post-warranty maintenance is increasing and is becoming one of the major drivers for the increase in revenue in the wind energy O&M market.
The global wind energy operations and maintenance market grew at a CAGR of 17.6% from 2005-2011, with a forecast CAGR of 9.6% over the period 2012-2020. Europe is the largest Operations and Maintenance (O&M) market, with estimated market revenue of $2.8 billion in 2011, followed by North America, Asia Pacific and South America. The global wind energy O&M market is driven by the increasing number of installations backed by financial incentives, capital subsidies and tax rebates; the component failure rates of turbines; and the ageing nature of the majority of wind turbines in operation.
End of Warranty Wind Farm O&M Options Report 2012
$40 billion worth of wind turbines will come out of their warranty period in 2012 according to publisher Wind Energy Update’s new market research report, End of Warranty Wind Farm O&M Options Report 2012. The report offers an analysis of all the components of a wind turbine, what failures can occur post-warranty, how much they cost to repair, and how lengthy the downtime and subsequent loss of productivity would be.
Repowering a wind site can add to huge ROI to existing infrastructure. This report offers a thorough assessment of trends and growth prospects for wind repowering and retrofitting worldwide, as well as an evaluation of the costs and benefits of retrofitting, weighing increased availability and productivity against costs. This report also outlines the types of retrofits available, lead times and how the finances of retrofitting compare to routine O&M component replacement.
An Executive Summary for this report and a free sample of the full document are available at www.giiresearch.com/report/weu235233-end-warranty-wind-farm-o-m-options-report-2012.html