United States/WA: The global wind turbine blade inspection services market is estimated to exhibit a CAGR of 11.1% over the forecast period.
Report Pages:[160 Pages]
Vestas, Intertek Group Plc, SGS SA, UL International Gmbh, Mistras Group, Cenergy International Services, L.L.C., James Fisher and Sons plc, Global Wind Service, Force Technology, and Siemens Wind Power GmbH & Co.KG.
Wind Turbine Blade Inspection Services Market, by Services (Quality Assurance & Quality Control, Nondestructive Examination (NDE), Condition Assessment/Inspection, Process Safety Management, and Welding & Corrosion Engineering), by Location (Onshore and Offshore), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights
Wind turbine blade inspection is a service that involves the first analysis of wind turbine blade condition, incorporating life expectancy, vibration, wear resistance, and possible downsize. It is used to identify any deterioration of the blades due to various reasons. To get the best results in such inspection, the service providers must be certified by National Wind Technology Association (NWTA). In addition to this, the inspector also checks the level of efficiency and performance levels.
Key Market Drivers:
The growing installation of wind turbines is driving growth of the wind turbine blade inspection services market. According to the Center for Sustainable Systems, more than 59,900 utility-scale wind turbines are installed in the U.S., with a cumulative capacity of 107.4 GW. U.S. wind capacity increased by 166% between 2010 and 2020, a 10% average annual increase.
The rising popularity of inspection services for extending the life span of the existing wind turbine is augmenting growth of the market. This service helps to protect the structure from harsh weather conditions and extend the life of the wind turbine. The market is also expected to gain growth on the account of growing demand for renewable sources of energy around the globe.
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Covid-19 Impact Analysis
The Covid-19 pandemic has shaken the foundations of wind turbine production, led to net losses in 2021 and continuing to disrupt supply chains in major markets for both wind installations and blade production.
The wind turbine blade inspection services market is expected to exhibit a CAGR of XX % over the forecast period, due to the growing demand for renewable sources of energy. According to the Center for Climate and Energy Solutions, renewables made up 17.1 percent of electricity generation in 2018, with hydro, wind, and biomass making up the majority. That’s expected to rise to 24 percent by 2030.
North America is expected to witness significant growth on the account of high demand for electricity from wind energy in the region. According to the U.S. Energy Information Administration, total annual U.S. electricity generation from wind energy increased from about 6 billion kilowatthours (kWh) in 2000 to about 338 billion kWh in 2020. In 2020, wind turbines were the source of about 8.4% of total U.S. utility-scale electricity generation.
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