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workforce in the coming years in response to continued growth in wind installations, underscoring the need for skilled labor.49 Geography, access to infrastructure, and weather conditions can affect the supply of O&M services. In the case of offshore wind turbines, the availability of marine vessels and port services affects the ability of service providers to travel to offshore locations to provide O&M services. 50 Long distances to remote locations, particularly offshore, as well as harsh weather conditions, can also limit firms’ ability to provide such services by impeding physical access to such locations. Estimates of the Size of the Global and U.S. Market for Renewable Energy Services Size of the Global Market Comprehensive published data on the value of the global market for all renewable energy services in all renewable energy sectors are unavailable.51 However, given that renewable energy services are indispensable to the development and maintenance of renewable energy projects, the rapid growth in renewable energy investment and installed capacity worldwide indicates a similarly vibrant global market for renewable energy services. Solar PV The global market for solar PV services has grown rapidly in response to growth in solar PV installations worldwide. The value of global solar PV services associated with installations was estimated to be $34 billion in 2011, or 37 percent of the broader market for solar PV installations (including equipment and services), as described in chapter 3. The largest markets for solar PV services in 2011 were Italy ($9.8 billion), Germany ($5.1 billion), the United States ($3.1 billion), and Japan ($3.0 billion).52 According to one published source, the global market for solar PV O&M services is expected to grow annually by 43 percent to reach $18.4 billion by 2017.53 Europe is expected to be the largest market for solar PV O&M services, due to continued growth in solar PV installations in the coming years.54 Wind The global market for wind services has grown as global wind installations have increased. In 2011, the value of services associated with wind installations was estimated at nearly $23 billion, or roughly 32 percent of the broader global market for wind power installations (including equipment and services), as noted in chapter 4. The largest 49 Ibid. 50 Deloitte, “European Wind Services Study,” 2012, 16; Bartholl and Oleownik, “Wind Services: New Growth Opportunities,” 2012, 12. 51 Estimates of the size of the global and U.S. market for renewable energy services presented in this section were developed by the Commission by obtaining industry estimates of the share of a project cost that each service constitutes and then applying the estimates to installed capacity for a given market. 52 For more information on the global market for solar PV services, see chapter 3 of this report. 53 Lucintel, “Growth Opportunities in Solar Photovoltaic,” 2012. 54 For more information on the global market for renewable energy services in the solar sector, see chapter 3 of this report. 2-15PDF Image | Renewable Energy and Related Services: Recent Developments
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