Global wind O&M market set for growth to $17 billion by 2020, says GlobalData

By Michelle Froese The growth of the wind energy market is fueled, in part, by depleting fossil fuel reserves, declining costs of wind generation, and advanced O&M developments.
The global wind Operations and Maintenance (O&M) is estimated to increase from $10 billion in 2015 to $17 billion by 2020, at a compound annual growth rate of 11.2%, according to research and consulting firm GlobalData.
The company’s latest viewpoint states that technological developments have paved the way for more effective and reliable equipment and machinery, making wind one of the fastest-growing energy sources in the global market.
The exponential growth of the wind energy market is fueled

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