Wind Energy Equipment Logistics – Growing Global Oversized Cargo Transportation is Driving the Market | Technavio

LONDON–(BUSINESS WIRE)–#Logistics–The latest market research report by Technavio
on the global
wind energy equipment logistics market predicts a CAGR of
close to 7% during the period 2018-2022.

The report segments the global wind energy equipment logistics market by
transportation mode, including road, sea, rail, and air and by
geography, including the Americas, EMEA, and APAC. It provides a
detailed illustration of the major factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global wind energy equipment
logistics market, according to Technavio transportation
and logistics researchers:

• Growing global oversized cargo transportation market: a major market
  driver
• Increasing long-term revenues driven by long-term agreements in wind
  energy projects: emerging market trend
• APAC dominated the global wind energy equipment logistics market with
  41% share in 2017

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Growing global oversized cargo transportation market: a major market
driver

The developing and emerging economies such as the US, China, and India
are observing an increase in industrial production and international
trade, hence generating demand for logistics for domestic and overseas
transportation. The demand for oversized cargo transportation is growing
due to the increased capacity of industries such as heavy equipment
manufacturing, mining, construction, oil and gas, and renewable energy.
These developments are expected to drive the global oversized cargo
transportation market, which in turn, will drive the global
wind energy equipment logistics market over the forecast period.

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Increasing long-term revenues driven by long-term agreements in wind
energy projects: emerging market trend

Wind energy farms fall under government premises and state department of
energy. Wind energy projects are highly capital intensive and contribute
to the country’s economy. Such projects are on contract basis, as many
parties such as EPC, logistics and transportation, and utility companies
are engaged for a long-term. Wind energy capacity is majorly owned by
IPP (Independent Power producer) when compared with other parties such
as investor-owned utilities and publicly-owned utilities. The duration
of the contract provides a source of long-term revenue to all the
parties involved in the project.

According to a senior analyst at Technavio for research on logistics,
“Logistics services support wind energy projects by providing
transportation and supply chain management services. For timely
completion of the projects, efficient supply chain management and route
planning are necessary. Logistics and transportation services account
for 9%-11% of the cost of a wind project. During the forecast period,
the increase in the number of new projects and contracts on wind energy
is expected to generate revenue for the logistics industry.”

Global market opportunities

In terms of regional dominance, APAC led the global
wind energy equipment logistics market, followed by the Americas
and EMEA in 2017. In APAC, China's dominance in wind power installation
is driving the market in this region. Countries such as the US, Germany,
and India are the leading countries in wind power installations. Factors
such as increasing demand for offshore energy and growing consolidations
in the shipping industry are generating revenue for logistics companies,
as market players are using multimodal transportation to optimize
resources better and reduce the cost and carbon emission.

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