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Increasing Installed Capacity Drives European Wind Service Markets - The continued growth of the wind energy sector across Europe is contributing to the strong growth of the European wind services market
Increasing Installed Capacity Drives European Wind Service Markets

 

NewswireToday - /newswire/ - London, United Kingdom, 2008/04/01 - The continued growth of the wind energy sector across Europe is contributing to the strong growth of the European wind services market.

   
 
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Operation and maintenance (O&M) of wind projects, which was ignored in the past, is now being looked at more seriously due to increasing installed capacity and high costs.

New analysis from Frost & Sullivan (energyandpower.frost.com) European Wind Service Markets - Trends and Opportunities, finds that the market earned revenues of €1.58 billion in 2007 and estimates this to reach €4.54 billion in 2014.

"The total installed wind capacity in Europe is increasing at 20 per cent per annum," notes Frost & Sullivan Research Analyst Gouri Nambudripad. "Frost & Sullivan estimates that Europe has installed 55GW of wind energy projects by 2007, representing 65 per cent of the global capacity."

While the wind energy market is growing at a tremendous rate, the service market is struggling to keep pace. Original equipment manufacturers (OEMs) are finding it hard to maintain service levels, leaving the door open for independent service providers (ISPs) and project developers, who are now forced to think of opening their own divisions to focus on O&M. A trend involving ISPs working for wind turbine manufacturers is already developing, as wind turbine manufacturers are sub-contracting service and maintenance work to ISPs.

However, the traditional participants in the wind services market, the wind turbine manufacturers, are slowly facing competition from new entrants, the ISPs and in-house divisions of customers such as utilities. The entry of ISPs in the past few years has put the spotlight on price.

"In more established markets such as Germany, ISPs are beginning to undercut OEMs with comprehensive packages and reduced prices," says Nambudripad. "Customers feel that the servicing prices charged by the OEMs are excessive, sometimes 25-30 per cent of total costs of the wind farm."

Going forward, turbine manufacturers need to heighten their focus on providing quality service by hiring, training, and retaining more qualified staff. They also need to look at a range of service packages to keep their clients happy.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the trends and opportunities in the European wind services markets, then send an email to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

European Wind Service Markets - Trends and Opportunities is part of the Green Energy Growth Partnership Service programme, which also includes research in the following markets among many others: Western European Wind Power Markets, Southeast Asian Renewable Energy Markets, ANZ Renewable Energy Markets, Latin American Renewable Energy Markets and North American Small and Medium Wind Energy Turbine Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting, and Career Best Practices empower clients to create a growth focused culture that generates, evaluates, and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 30 offices on six continents.

European Wind Service Markets - Trends and Opportunities M1FC

 
 
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Increasing Installed Capacity Drives European Wind Service Markets

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Publisher Contact: Chiara Carella 
+44 (0) 20 7343 8314 chiara.carella[.]frost.com
 
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