“Wind Turbine Decommissioning Services Market spending will reach $521.4 mn in during 2020-2030”, says Visiongain

30 September 2019
Energy

This latest report by business intelligence provider Visiongain assesses that Wind Turbine Decommissioning Services Market spending will reach $521.4 mn in during 2020-2030. This study provides an application-based (onshore and overseas) and geographic (Americas, APAC, and EMEA) industry assessment. The study analyzes the dynamic landscape of the market and provides data about several firms including EnBW, JLT Group, M2 Subsea, NIRAS, Oceaneering International, and Ramboll.

The comparatively unchanged levelized energy cost (LCOE) is a main variable influencing the development of the worldwide wind turbine decommissioning utilities industry. Wind power LCOE involves assembly expenses and energy production capacity factor. Innovations in wind power technologies, however, have enhanced power generation effectiveness and led in important decreases in LCOE owing to lower investment expenses. The LCOE continues comparatively untouched by the decommissioning expenses with the advent of effective turbines on the sector. This is therefore probable to increase the development of the worldwide industry for wind turbine decommissioning facilities. Further, the rising investments in renewable energy as one of the key emerging trends in the global wind turbine decommissioning services market. The global wind turbine decommissioning services market is expected to post a CAGR of close to 39% in the forecast period.

Thousands of wind turbines have been built around the globe over the previous few centuries. According to the Global Wind Energy Council (GWEC), wind capability of 432,883 MW was commissioned globally at the beginning of 2015, mostly in the last century. But a significant part of the world's flotilla is becoming outdated as wind technology is quickly improving. Nearly 17% of the output (73,957 MW) was at least 10 years old by 2015, and 9% (39,431 MW) was at least 13 years old. Some groundbreaking industrial power farms in Northern Europe and California are even younger. If, according to sector estimates, wind turbines are intended with lifespan ranging from 20 to 25 years, approximately one third of the world's integrated wind turbines may be midway through their lives. One result of the shrinking of this technology is decreased efficiency. Wind turbine burden (or ability) variables decrease significantly with era, according to some specialists. Typically, wind turbine providers facing an elderly fleet have three alternatives: dismantling the turbine, embarking on a life-long expansion. According to Mercedes Irujo Espinosa de los Monteros of Acciona Energia, a life-extension specialist in wind turbine production, each alternative has its disadvantages.

Life modifications involving the reconditioning of significant components, primarily by improving their component parts or combining these elements with the recent technology, could increase the accessibility and revenue of wind turbines. With interventions such as retrofitting contemporary power schemes, reliability can be enhanced. Partial repowering is also available, but this strategy has severe limitations. Usually it is not suggested to install a 3-MW nacelle on bottom of a 250-kW building.

Leading Regional & National Analysis

Many regions and counties are increasingly concerned about what will occur to the fast-growing amount of wind energy locations across the nation at the close of the lifecycle. In fact, the initial proprietor and promoters purchased several wind farms. Developers are most often responsible for developing their own decommissioning scheme. This may create meaning because when it goes to decommissioning, they are probable to be accountable for doing the job. In fact, presently landfill storage is required for fiberglass cores, nacelle and core covers, which have significant costs. It is also a good idea for lenders to recognize in their performances the expense of decommissioning. Legislators and County Officials are increasingly requiring bonds and more sophisticated plans to make sure they are covered financially for turbine removal.

Leading Players

Jack-up Barge, B.V.

EnBW

Apex Clean Energy

DonJon Marine Company, Inc.

JLT Group

M2 Subsea

NIRAS

Oceaneering International

Rambol

Ocean Surveys, Inc.

 

The comprehensive report offers market estimation and forecast for the period ranging 2020-2030 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Wind Turbine Decommissioning Services.

The Wind Turbine Decommissioning Services Market Report 2020-2030 report will be of value to anyone who wants to better understand the Wind Turbine Decommissioning Services market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Wind Turbine Decommissioning Services industry.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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