Wind Turbine Inspection Services Market Technological Advancements, Growth Opportunity and Forecast 2018-2026
Hydroelectric power plants and wind energy are among the
most widely used renewable forms of energy sources. Hydroelectric power
generation, which is the largest used renewable power source, is limited owing
to the inadequacy of the generating resources to meet the global demands. Wind
energy is available abundantly and can be used to meet the global energy
demands. Requirement to harness these resources consistently, and maintain the
high energy efficiency of these through the turbine life cycle is expected to
drive the demands for related inspection services through the forecast period.
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Increasing deployment for the energy source across the
globe will drive the wind turbine inspection services market growth
According to Global Wind Energy Council (GWEC), the total
installed capacities of these farms was over 485 GW is expected to surge significantly
over the coming years. According to Coherent Market Insights analysis, the
total installed capacities would increase over double the installed capacities
in 2016, by 2025. Turbines are highly crucial components for the energy
generation and comprise number of smaller components that includes gearbox and
generator, which are necessitated to be serviced and inspected on regular
intervals to safeguard the optimal efficiency and performance. Thus, to ensure
longevity and accurate information regarding the energy generation, farm
contractors and operators are expected to drive the service industry
requirements.
Wind Turbine Inspection Services Market Taxonomy
On the basis of services, the global wind turbine inspection
services market is classified into:
- Quality
assurance & quality control
- Nondestructive
examination (NDE)
- Condition
assessment/inspection
- Process
safety management
- Outage
& turnaround support
- Vendor
evaluation & product assurance
- Welding
& corrosion engineering
Inspection drones incorporated with advanced monitoring
equipment and artificial intelligence is expected is among the key trend
gaining traction in the industry applications
Wind turbine examination drones are small sized unmanned
aerial vehicles that are utilized to accumulate information and images for the
assessment, monitoring, mapping, and analysis of blades, towers and nacelles.
Conventional methods for the examination includes the employment of specific
teams suspended through cables and rope supports, using field telescopes and
binoculars for the task. In conjunction with the human life risks, the method
has several limitations such as difficulty to access some areas, exclusion of
blade defects assessment invisible to the naked eye. Elimination of these
drawbacks through utilization of these drones is expected to present
considerable growth prospects for this market.
Integration of artificial intelligence (AI) in these drones
to reduce the workflow errors and enhance detailed analysis within few hours is
among the key trends gaining traction in industry. However, stringent
regulatory standards against the use of these drones in some major economies
such as FAA regulations in the U.S., regulations regarding VLOS and BVLOS and
other regionally distinct regulations will present considerable growth to the
drone adoptions.
Noise pollution and threat to wildlife, specifically
flying creatures such as bats, birds, etc., are some of the major drawbacks
that may hamper the industry growth rate
These energy sources cannot be used to meet the base load
demands, without the additional investments for the energy storage. However,
this may add up to the initial high investment required which is considerably
higher in comparison to establishment of conventional energy plants. These
factors are expected to consistently hinder the adoption of these means to
generate the energy which will consequentially negatively impact the wind
turbine inspection market growth.
Asia Pacific is expected to dominate the overall industry
growth through the forecast period
China contributes to over 37% of the global installed units
for the power generation accounting for over 168.73 MW in 2016, as per the
GWEC. India contributed to the world’s fourth largest installed units. High
deployments in these major emerging economies in the region is expected to
attract significant investments in these economies. Other major attractive
economies for the wind turbine inspection services include the U.S, Germany,
Spain, UK, France, Canada, and Brazil.
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Chief industry participants include Intertek Group Plc., UpWind
Solutions Inc., Technical Wind Services Ltd., INVISO Services Ltd., Cenergy
International Services LLC, UL International GmbH, ASC Engineering Service,
Advanced Cleaning Technology Ltd., MISTRAS Group Inc., Midwest Underground
Technology Inc., and MFG Energy Services.
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