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The global wind turbine maintenance, repair and overhaul services (MRO) market is growing at double-digit rates and is expected to reach a value of $9.1 billion in 2013, up from $3.9 billion in 2008. The wind MRO market includes maintenance, repair and overhaul of wind blades, generators, gearboxes and other turbine components, according to a report entitled "Growth Opportunities in Wind Maintenance, Repair, and Overhaul Services Market 2008-2013," prepared by consulting firm Lucintel.

According to Lucintel, the global energy crisis will pave the way for increased investments in the renewable energy markets, and MRO services will become critical for the sustainability of this industry.

With the wide range of wind industry participants - from niche players to large power utilities - the need for a structured and reliable business model to meet the servicing needs of wind turbine operators has developed. Third-party service providers are expected to fill the demand gap and provide for a competitive marketplace that will benefit both the quality and pricing of these services.

This research report discusses current practices in wind MRO and contains a competitive analysis of market players, wind MRO market trends and forecasts and strategic analysis for MRO services.

For more information, visit lucintel.com.

SOURCE: Lucintel

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