PR Newswire
NEW YORK, Dec. 8, 2023
NEW YORK, Dec. 8, 2023 /PRNewswire/ -- The wind turbine decommissioning services market size is expected to grow by USD 1.72 billion between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 13.86% during the forecast period. The market is segmented by Application (Onshore and Offshore), Type (Large, Medium, and Small), and Geography (Europe, North America, APAC, Middle East and Africa, and South America).
The significant reductions in LCOE due to reduced capital costs drive market growth. LCOE for wind power comprises the installation costs as well as the capacity factor of the energy production. Since onshore wind power is competing strongly with conventional power technologies, there is expected to be a shift in focus to technological developments in the offshore segment to command margins. Owing to the decreasing LCOE, the decommissioning cost thus, accounts for a smaller proportion. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample
Key Highlights:
Market Dynamics:
Trend
Challenge
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report
Keg Segments:
The onshore segment will be the largest contributor to market growth during the forecast period. The aging wind farms and the rise in regulations by agencies guiding the decommissioning process are some of the factors that are impacting the growth of this segment of the market. Get a glance at the market contribution of the segments, Request a Sample
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The steam turbine market is estimated to grow at a CAGR of 3.82% between 2022 and 2027. The size of the market is forecast to increase by USD 3,416.12 million.
Wind Turbine Decommissioning Services Market Scope | |
Report Coverage | Details |
Base year | 2023 |
Historic period | 2018-2022 |
Forecast period | 2024-2028 |
Growth momentum & CAGR | Accelerate at a CAGR of 13.86% |
Market growth 2024-2028 | USD 1.72 billion |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 13.52 |
Regional analysis | Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution | Europe at 32% |
Key countries | US, Saudi Arabia, China, Germany, and Denmark |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | A1Wind, Aggreko Plc, Belson Steel and Scrap, Cadeler, Deltares, DEME NV, EOS Engineering and Service Co. Ltd., General Electric Co., Intertek Group Plc, Jack up Barge B.V., NIRAS AS, Oceaneering International Inc., Principle Power Inc., Ramboll Group AS, ReBlade, Secure Energy Services, SgurrEnergy, Wilh. Wilhelmsen Holding ASA, Wind Decom, and Xinjiang Goldwind Science and Technology Co. Ltd. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
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Email: [email protected]
Website: www.technavio.com
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SOURCE Technavio
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