Global offshore wind major component replacement dynamics 2021

As design evolution continues, offshore wind turbines' reliability has been improving over time. Still, the uncertainty of the major components' failure rates and the costs for major component replacements remains high. This report looks into the dynamics of the major component replacement segment in the offshore wind sector. It provides an overview of the actual major component replacement interventions where jack-up vessels are required, and an outlook for the global offshore wind major component replacement market to 2030. The report includes: - Market value for major component replacements - Cost breakdown of major component replacements and the critical cost drivers - Major component failure rates in Europe - Jack-up vessel demand for major component replacements in Europe - The major component replacement fleet and its operators