WIND TURBINE INSPECTION SERVICES MARKET ANALYSIS

Market Challenges And Opportunities

Noise pollution and threat to wildlife, specifically flying creatures such as bats, birds, etc., are some of the major drawbacks that may hamper the industry growth rate

These energy sources cannot be used to meet the base load demands, without the additional investments for the energy storage. However, this may add up to the initial high investment required which is considerably higher in comparison to establishment of conventional energy plants. These factors are expected to consistently hinder the adoption of these means to generate the energy which will consequentially negatively impact the wind turbine inspection market growth.

Increasing deployment for the energy source across the globe will drive the wind turbine inspection services market growth

According to Global Wind Energy Council (GWEC), the total installed capacities of these farms was over 485 GW is expected to surge significantly over the coming years. According to Coherent Market Insights analysis, the total installed capacities would increase over double the installed capacities in 2016, by 2025. Turbines are highly crucial components for the energy generation and comprise number of smaller components that includes gearbox and generator, which are necessitated to be serviced and inspected on regular intervals to safeguard the optimal efficiency and performance. Thus, to ensure longevity and accurate information regarding the energy generation, farm contractors and operators are expected to drive the service industry requirements.