Market Size and Overview:

In the year 2023, the valuation of the Global Market for Wind Turbine Testing and Certification Services stood at $26.49 billion. It is anticipated to witness substantial growth, reaching an estimated market size of $56.40 billion by the year 2030. The market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period spanning from 2024 to 2030.

INDUSTRY OVERVIEW

The continual monitoring and maintenance of wind turbines are imperative to ensure optimal performance. A systematic maintenance program and frequent inspections are vital to monitor essential components. Among these, turbine blades stand out as a crucial area requiring regular inspection and maintenance. Damaged blades can significantly reduce the efficiency of a wind turbine, leading to decreased power production and financial losses for the operator. Wind turbine inspection companies offer five main service categories: quality assurance and quality control, non-destructive examination (NDE), condition assessment and inspection, process safety management, and welding and corrosion engineering.

The wind turbine testing sector is a rapidly expanding industry within the wind power sector. The demand for inspection services for wind turbines is increasing alongside the global growth in wind power capacity. Wind turbine inspection facilities are particularly favored by high-end wind farm builders and operators during scheduled intermissions to mitigate unforeseen malfunctions, preventing substantial losses in functionality due to interruptions.

Wind turbines, being composite pieces of machinery, are designed to operate within a complex environment. With the installed capacity of wind farms exceeding 485 GW in 2019, the wind power sector is anticipated to experience substantial growth between 2022 and 2030. Gearing towards optimal planning and production, gearboxes and generators, as integral turbine components, are increasingly becoming critical in the power generation process. Adhering to service sector standards is imperative for farm contractors and operators to ensure the longevity and accurate performance of wind turbines.

The advantages of wind turbines include their affordability, adaptability for installation on existing farms or ranches, job creation, sustainability, utilization of a clean fuel source, and the provision of a domestic electricity source. The U.S. wind sector, with its abundant domestic resources and a highly skilled workforce, has over 100,000 employees, and the role of wind turbine technician is among the fastest-growing jobs in the nation. By 2050, the wind industry has the potential to employ over 600,000 people in production, installation, maintenance, and related services.

COVID-19 IMPACT ON THE WIND TURBINE TESTING AND CERTIFICATION SERVICES MARKET

Following the WHO's declaration of COVID-19 as a global pandemic in early 2020, governments worldwide implemented stringent measures to curb the virus's spread, impacting various industries, including wind turbine testing and certification services. Movement restrictions, shelter-in-place directives, and limited personnel on-site significantly affected production levels, leading to increased overall expenses in 2020. The testing, inspection, and certification market, which had witnessed significant growth in previous years, faced a downturn during the pandemic due to disruptions in the supply chain, resulting in halted services and delayed product evaluations.

MARKET DRIVERS

Ensuring Smooth Operation through Testing and Certification Services:

Wind turbine inspections are indispensable for ongoing monitoring and maintenance, with a focus on critical components such as turbine blades. Timely inspections and systematic maintenance programs are crucial to prevent efficiency loss and financial implications for operators.

Stringent Regulatory Requirements Imposed by Governments:

Growing concerns for safety among clients have led to increased focus on safety regulations, encouraging organizations to adhere to established rules. Positive government initiatives aimed at supporting industries affected by COVID-19 are expected to drive the recovery and development of the Testing, Inspection, and Certification (TIC) market.

MARKET RESTRAINTS

Varying Regulations and Standards Across Countries:

As commerce and industry become more global, differences in regulations and standards between countries and regions may impede product recognition on a global scale. Disparities in tax rates and regulatory policies across nations can hinder market expansion in the renewable energy sector.

High Costs Associated with TIC Services:

The cost of TIC services, varying by location and product, poses a challenge to market growth. Particularly in affluent nations, the high cost of inspection and certification services, as reported by providers, may constrain the expansion of wind turbine testing, inspection, and certification services.

WIND TURBINE TESTING AND CERTIFICATION SERVICES MARKET– BY SERVICE

The Wind Turbine Testing and Certification Services Market is categorized into various services, including:

• Quality Assurance & Quality Control
• Non-Destructive Examination (NDE)
• Condition Assessment/Inspection
• Process Safety Management
• Welding & Corrosion Engineering
• Others

The market segmentation is based on these services, and during the projected period from 2022 to 2030, the Quality Assurance & Quality Control segment is expected to experience rapid expansion at a high Compound Annual Growth Rate (CAGR). Quality management not only saves time and resources but also allows for a comprehensive evaluation of organizational practices. It facilitates the establishment of new production and innovation models while focusing on efficiency and productivity at all organizational levels. Furthermore, quality control enables more thorough testing and compliance processes, enhancing accountability and increasing product reliability. The assurance of high-quality products is instrumental in attracting and retaining customers, thereby stimulating both existing and new demand for the product.

WIND TURBINE TESTING AND CERTIFICATION SERVICES MARKET- BY LOCATION

• Onshore
• Offshore

The market is divided into Onshore and Offshore segments based on location. By 2030, the Offshore location segment is anticipated to significantly influence the market. Responding to the growing energy demand, major businesses and governments are shifting towards renewable energy sources. Advances in offshore wind energy technologies, coupled with decreasing costs and evolving technology, are attracting substantial investments. Throughout the forecast period from 2022 to 2030, the offshore industry is expected to remain a key driver of investments in the global wind turbine inspection services market.

WIND TURBINE TESTING AND CERTIFICATION SERVICES MARKET- BY REGION

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East
• Africa

The Wind Turbine Testing and Certification Services Market is regionally segmented into North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa. By 2030, the Asia Pacific region is projected to hold the largest market share at 30%. China, contributing over 37% of globally deployed energy generation components, is a significant player in the region, with substantial projected growth in 2021. The Asia Pacific is expected to surpass North America as the primary contributor to the market by 2030, accounting for over 45% of total revenue. Factors such as significant annual deployments in China, reaching 23 GW, contribute to the expected growth of the wind turbine testing and certification services market in the Asia Pacific region during the forecast period.

WIND TURBINE TESTING AND CERTIFICATION SERVICES MARKET- BY COMPANIES

Major players in the Wind Turbine Testing and Certification Services Market 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 INC.
• MFG ENERGY SERVICE
• VESTAS
• SGS SA
• FORCE TECHNOLOGY
• GLOBAL WIND SERVICE