United Kingdom Wind Turbine Operations & Maintenance Market – By Type (Scheduled, Unscheduled), By Location (Onshore and Offshore), Region, Industry Size, Share, Trends, and Forecast and Opportunities, 2018-2028

Rising Demand of Power Consumption is Fueling the Market Growth

Rising Awareness of Carbon Emission & Environment-friendly Energy Sources

A sudden equipment failure in the turbine results in a lot of downtime and lower production. As a result, regular operations and maintenance are becoming more important.

United Kingdom

The power generating sector is being forced to transition to cleaner, more environment-friendly energy sources as a result of increasing environmental laws. To lessen their reliance on traditional sources of energy, several nations are putting their attention on creating renewable energy sources. Additionally, investments in solar, wind, and other renewable energy sources are rising steadily.

The UK's Sizewell C project, which has a cost estimate of roughly USD 21.67 billion at 2015 prices, would be funded by a surcharge on energy bills for consumers and USD 1.84 billion in tax revenue. Up to 12 years would be required for construction, and it could supply electricity to up to 6 million houses.

Market Segmentation

Market Players

Recent Developments

• Following Russia's invasion of Ukraine, the United Kingdom government decided to strengthen domestic energy security and disregarded the recommendations of its own planning inspector to permit the construction of a sizable new nuclear power station on England's east coast. Despite vehement resistance from neighborhood community organizations, Energy Secretary Kwasi Kwarteng. approved the construction of a 3.2-gigawatt, twin-reactor facility at Sizewell in Suffolk in January 2023, which is currently the location of one functioning nuclear power station.
• The facility has the exact same layout as the Hinkley Point C power plant that the French company EDF is constructing in Somerset. There have been significant cost overruns and delays with the project. The UK government will own a 20% part in the new business that will be formed to manage the project, together with EDF, which is heading construction and will operate Sizewell C. To locate more investors, ministers have recruited Barclays bankers.