Asia Pacific Wind Turbine Operation & Maintenance Market Outlook to 2028

Asia Pacific Wind Turbine Operation & Maintenance Market Overview

• The Asia Pacific Wind Turbine Operation & Maintenance Market was valued at USD 15.78 billion. The market has grown substantially due to increased installation of wind farms, rising capacity, and the push for cleaner energy.
• Major players in the market include Siemens Gamesa, Vestas, Suzlon Energy, General Electric, and Goldwind. These companies have established a strong foothold due to their vast expertise in the wind energy sector, offering comprehensive services such as routine maintenance, inspections, and performance monitoring, ensuring high uptime and efficiency for wind turbines.
• In 2023, Siemens Gamesa signed two contracts in China to supply 96 MW of wind turbines. The company will deliver 48 MW to Datang for the Yangshugou wind farm in Liaoning and 48 MW to CGN for the Wohushan wind farm in Shandong, strengthening its presence in the region.
• China is the dominant player in the market, by the countrys large installed wind power capacity, which reached 338 GW by the end of 2023. China's focus on both onshore and offshore wind projects, combined with substantial government support and domestic manufacturing capabilities, ensures its leading position in the regional market.

Asia Pacific Wind Turbine Operation & Maintenance Market Segmentation

The market is segmented into various factors like service type, component, and region.

By Service Type: The market is segmented by service type into scheduled maintenance, unscheduled maintenance, and performance optimization. Scheduled maintenance had the dominant market share, due to the ensuring the longevity and efficient functioning of turbines, reducing the risk of unplanned outages and increasing uptime.

By Component: The market is segmented by component into gearbox, generator, and rotor blade. The gearbox segment dominated the market for the efficient operation of wind turbines and require regular maintenance to prevent costly failures. The complexity of gearbox maintenance also adds to its dominance in the O&M market.

By Region: The market is segmented by region into China, South Korea, Japan, India, Australia, and the Rest of APAC. China led the market due to its vast installed capacity and strong government backing for both onshore and offshore wind projects.

Asia Pacific Wind Turbine Operation & Maintenance Market Competitive Landscape

• Suzlon Energy: In January 2024, Suzlon secured a 225 MW wind power project order from Everrenew Energy. The project, located in Tamil Nadu, involves installing 75 wind turbines with a capacity of 3 MW each. This project will power commercial and industrial customers and reduce approximately 731,000 tonnes of CO2 emissions annually.
• Vestas: In March 2024, Vestas won an 81 MW order from Edison Rinnovabili for the repowering of four wind parks in Abruzzo, Italy. The project includes the supply and installation of 18 V136-4.5 MW turbines and a 10-year O&M agreement. Turbine delivery is expected in Q2 2025.

Asia Pacific Wind Turbine Operation & Maintenance Market Analysis

Market Growth Drivers

• Increasing Wind Capacity in the Asia Pacific Region: By 2024, countries like China, India, and Japan are expected to increase their installed wind capacity, adding over 80 GW to the regions grid. China alone contributed more than 50 GW of new capacity by the end of 2023, creating a surge in demand for wind turbine O&M services to maintain these installations. The focus on renewable energy targets, such as Indias 140 GW wind capacity target by 2030, continues to push the demand for effective O&M services.
• Government Policies Promoting Wind Energy: Governments across the Asia Pacific, including China's target of achieving 1,200 GW of renewable energy capacity by 2030, are driving investments in wind power infrastructure. The Indian governments Renewable Energy Certificate (REC) scheme has incentivized both private and public sector investments in wind power, ensuring that O&M services become integral to maintaining efficiency and meeting policy targets.
• Advancements in Wind Turbine Technology: Advanced turbine technologies such as AI-based predictive maintenance are leading to fewer breakdowns, increased turbine lifespans, and optimized performance. In 2024, Chinas largest wind farm operator announced a partnership with an AI provider to deploy predictive maintenance software, reducing turbine downtime by 30%. These technological advancements are creating higher demand for specialized O&M services to maintain new, sophisticated turbine models.

Market Challenges

• High Maintenance Costs for Offshore Wind Farms: Offshore wind farms require more frequent and complex maintenance due to harsh environmental conditions. By 2024, maintaining offshore turbines in South Korea and Japan is expected to cost up on their onshore counterparts due to logistical challenges, specialized vessels, and complex repair processes. These factors are creating financial strain on O&M service providers, limiting their ability to scale efficiently.
• Skills Shortage in O&M Services: The wind energy sector in the Asia Pacific is facing a shortage of skilled technicians capable of handling the increasingly complex wind turbine technology. By 2023, it was estimated that there would be a shortage of 10,000 trained wind energy technicians in China and India alone. This shortage could impact the growth of the O&M market as companies struggle to meet maintenance demands for expanding wind capacity.

Government Initiatives

• Chinas Renewable Energy Target (2023-24): The Chinese governments 14th Five-Year Plan (2021-2025) includes a target of 1,200 GW of renewable energy capacity, including substantial wind energy contributions. In 2023, the government allocated USD 50 billion for wind energy projects, which is expected to drive the O&M markets growth as newly commissioned wind farms require long-term maintenance contracts to ensure smooth operations.
• Japans Offshore Wind Policy (2024): Japan has implemented policies to promote offshore wind development, aiming for 10 GW of capacity by 2030. In 2024, the government introduced tax incentives for offshore wind developers, facilitating the growth of offshore wind farms. This development will increase the need for offshore wind turbine O&M services to maintain efficient operations in challenging marine environments.

Asia Pacific Wind Turbine Operation & Maintenance Market Future Outlook

The future of the market will be shaped by the adoption of advanced technologies like AI-based predictive maintenance, continued growth in offshore wind projects, and increasing demand for hybrid wind-solar projects.

Future Market Trends

• Increased Investment in Predictive Maintenance Solutions: By 2028, predictive maintenance technologies, such as AI-based diagnostic tools, will become a standard offering in wind turbine O&M services. These solutions will reduce downtime and operational costs by detecting issues before they escalate. Countries like Japan and China are expected to lead in the adoption of these technologies, adding value to the O&M market.
• Rising Demand for Hybrid Wind-Solar Projects: The demand for hybrid wind-solar projects will rise in the Asia Pacific region over the next five years, driven by government incentives for renewable energy integration. This trend will increase the complexity of O&M services as companies expand their offerings to include the maintenance of both wind and solar components, particularly in India and Australia.