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The latest research report shows that by 2020, the global operation and maintenance market will increase from 3 billion US dollars in 2008 (about 183.7 billion yuan) to 19 billion US dollars (about 116.35 billion yuan).
The study also found that China will surpass the United States to become the world's largest market. By then, the global market share will reach 24.7%.
The report pointed out that the wind power market will increase from 3.5 billion US dollars (about 214.3 billion yuan) in 2008 to 7.3 billion US dollars (about 44.7 billion yuan), a compound annual growth rate of 15.6%.
In 2012, Germany was the largest market in Europe, accounting for 12.9% of the European market, followed by Spain, accounting for 10.7%; the United Kingdom, accounting for 7.2%. Due to the rapid development of offshore wind power in the UK, it is expected that by 2020, the United Kingdom will account for 15.6% of the global market.
The report also mentioned that in 2012, offshore wind power accounted for 8% of the market share of wind power. By 2020, it is expected to reach 29% and the offshore wind market will reach US$5.6 billion (approximately 34.29 billion yuan), of which the United Kingdom, Germany, and China will become the world's major offshore wind market.
Senior analyst PrasadTanikella said, "Expensive wind turbine maintenance costs, logistics costs and the scarcity of wind power technicians will make offshore wind power services more challenging than onshore wind power. Although land-based wind power is also facing similar problems, these The impact of factors on offshore wind power is even more significant. The expansion of the market size can lead some companies to focus on the services of wind turbines. To a certain extent, this also brings low-cost benefits to customers."