Wind O&M Market Forecast to Double

Joanna Schroeder

The wind operations and maintenance services (O&M) market is forecast to nearly double by 2025 from approximately $3 billion in 2012 to nearly $6 billion in 2025. Also according to a recent report from IHS Emerging Energy Research on U.S. Wind O&M Strategies, O&M is expected to account for over one-third of total capital expenditures over the next decade.

In March, the U.S. Senate voted against extending the wind Production Tax Credit (PTC) beyond 2012. This has caused uncertainty in the market and prospects for new wind farms are uncertain. This also has an impact on operational wind farms and owners are now putting more focus on increasing revenue.

The study focuses on four O&M areas: market player profiles; market environment; service segmentation and costs analysis; and market forecasts.

These areas, along with other key issues in the wind industry, will be addressed during the 4th Annual Optimizing Wind Power O&M conference slated for September 25-26, 2012 in Chicago. The event has been updated based on attendee feedback and this year there will be case studies and interactive roundtable discussions.

Electricity, Energy, Wind