Global wind turbine O&M market is expected to reach $27.6 billion by 2027: Research and Markets

The global wind turbine operations and maintenance (O&M) market is expected to reach $27.6 billion by 2027 from $17.9 billion in 2020, growing at a compound annual growth rate (CAGR) of 6.4 per cent over the period, according to a report by Research and Markets. The onshore wind turbine O&M market, one of the segments analysed in the report, is projected to record a CAGR of 4.7 per cent and reach $22.3 billion by the end of the analysis period. Meanwhile, the growth in the offshore wind turbine O&M segment has been readjusted to a revised CAGR of 17.6 per cent for the next seven-year period.

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