Wind Power Crane Market Scope
Wind Power Crane is specially designed for rapid repair and maintenance of wind turbines. It includes conducting wind turbine construction and maintenance projects safely and efficiently. Some of the features of wind turbine cranes include automatic climbing, electric hydraulic drive, and flexible operation which play an essential role in turbine construction sites. With the immense growth of alternative energy sources, the wind power crane market continues to grow in a positive way.
|Unit||Value (USD Million)|
|Key Companies Profiled||Liebherr (Switzerland), Palfinger AG (Austria), XCMG Group (China), Nucleon (United States), Zomlion Heavy Industry Science & Technology Co. Ltd. (China), Weihua Heavy Machinery Co. Ltd. (China), SANY Group (China), Huisman (The Netherlands), Konecranes (Finland) and Mammoet (The Netherlands)|
Major competitors engage in new product launches, acquisitions, and upgradation in the current offerings to stay abreast with market trends. With increasing inclination towards sustainable options and installation of wind turbines across the world, many companies form strategic partnerships to gain competitive advantage and market share. Research Analyst at AMA estimates that China Manufacturers will contribute to the maximum growth of Global Wind Power Crane market throughout the predicted period.
Liebherr (Switzerland), Palfinger AG (Austria), XCMG Group (China), Nucleon (United States), Zomlion Heavy Industry Science & Technology Co. Ltd. (China), Weihua Heavy Machinery Co. Ltd. (China), SANY Group (China), Huisman (The Netherlands), Konecranes (Finland) and Mammoet (The Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Kenz Figee (The Netherlands), Ficont Industry Co.Ltd. (China) and Tianjin Anson International Co. Ltd. (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Wind Power Crane market by Type and Region with country level break-up.
On the basis of geography, the market of Wind Power Crane has been segmented into . region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesOn 12th November 2021, CMI Energia acquired its first LR 1600/2 in Honduras. The 1600 crawler was used for maintenance work in wind parks, repowering, and installation of new wind turbines. This further assist company’s competitive presence and maintenance capabilities in Central America.
On 6th September 2020, XCMG launched an XGL 1800 Luffing Tower Crane for Wind Power Installation in China. It has the largest lifting capacity. It minimizes installation site occupation, maximizes cost performance, and optimizes performance as well as carries out installation & maintenance of wind turbines.
Influencing Trend:Rising Mass Production and Technology Advances Making Turbines Cheaper
Market Growth Drivers:Favorable Government Initiatives and Support for Building Environment-Efficient Cranes and Rapid Developments in Wind Power Industry
Challenges:Lack of Equipment for Wind Power Installation and Difficulty in Maintenance
Restraints:High Investment Costs Coupled with Lack of Safety Measures
Opportunities:Increasing Investments in windmill Construction and Infrastructure in coastal areas
Key Target AudienceWind Power Crane Manufacturers, Suppliers and Distributors, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others