Wind Turbine Gearbox Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 is latest report published by Market Research Future. Global Wind Turbine Gearbox Market is to grow at healthy 6.46% CAGR and surpass US $8000 by 2023. Global Wind Turbine Gearbox Market by Type (Main Gearbox, Yaw Gearbox, Others), Application (Offshore Wind Power, Onshore Wind Power), Installation Type (New, Replacement), Capacity (1.5-3 MW, up to 1.5 MW, Over 3 MW), and Region with Forecast To 2023.
Report provides comprehensive market data on Wind Turbine Gearbox industry manufacturers, distributors, suppliers, consulting companies from Wind Turbine Gearbox market and mobility industry, investors, stakeholders, and research organizations.
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Wind Turbine Gearbox Key Players Analyzed in Report:
RENK AG (Germany), ZF Friedrichshafen (Germany), China High Speed Transmission Equipment Group Co. Ltd. (China), Siemens Gamesa Renewable Energy S.A. (Spain), Winergy AG (Germany), ISHIBASHI Manufacturing Co. Ltd. (Japan), Eickhoff Antriebstechnik GmbH (Germany), and Chongqing Gearbox Co., Ltd. (China) are few of the key wind turbine gearbox manufacturers.
These players are investing in innovative technologies to capture more of the wind turbine gearbox market share. Increasing investments in research & development are anticipated to accelerate the competition in the wing turbine market over the next couple of years. A few of the growth strategies poised to be witnessed in the market employed by market players are – collaborations, mergers & acquisitions, partnerships, agreements, etc.
Increasing Investments in Clean Energy Sources to Expand Wind Turbine Gearbox Market. Innovations in Components to Expand Wind Turbine Gearbox Market. Wind turbine gearboxes ensure the transfer of energy between impeller and generator. Market Research Future (MRFR) has offered an insight into the global wind turbine gearbox market. It reveals that the market is anticipated to surpass the valuation of USD 8000 Mn in by 2025. The wind turbine gearbox market is projected to strike 6.46% CAGR over the forecast period 2019 to 2025.
Increasing investments in renewable energy are expected to boost the growth of the wind turbine gearbox market in the forthcoming years. The rising inclination on the generation of clean energy is anticipated to accelerate revenue creation over the next couple of years for the players in the wind turbine gearbox market. Minimizing carbon emission cost is poised to drive the market growth in the coming years.
Based on type, the wind turbine gearbox market has been segmented into yaw gearbox, main gearbox, and others. The yaw gearbox segment is anticipated to register a higher CAGR during the forecast period. The main gearbox segment is projected to strike 6.44% CAGR across the review period.
Based on application, the wind turbine gearbox market has been divided into onshore and offshore wind power. Among these, the onshore segment is projected to capture a larger share of the market in the years to come. The offshore segment is poised to strike a higher CAGR over the assessment period.
Based on installation type, the wind turbine gearbox market has been divided into new and replacement. The new segment is projected to reach a valuation of USD 6,865.3 Mn by 2025.
Since capacity, the wind turbine gearbox market has been segmented into Up to 1.5 MW, .5 MW-3 MW, and over 3 MW segments. Among these, the 1.5 MW-3 MW segment is poised to register 6.79% CAGR to become the fastest-growing segment. The over 3 MW segment is expected to emerge as the second-fastest growing segment in the marketplace.
The geographical evaluation of the global wind turbine gearbox market has been covered in this MRFR report. The regional segments of the market are – North America, Europe, South America, Asia Pacific (APAC), and the Middle East & Africa (MEA). The regional segments are further narrowed down to a country-level basis. South America is a major segment and is touted to register 6.53% CAGR over the forecast period. It is anticipated to reach USD 425 Mn mark by 2025. Europe is investing in clean energy sources over time. The rising investments in minimizing carbon reductions are also projected to have a developmental effect on the growth of the wind turbine gearbox market in the region. France, the U.K., and Germany are expected to contribute the most to market growth in the region.
Asia Pacific is a lucrative regional segment with China folding around 70% of the share. The region is dealing with pollution at a severe level. It is anticipated to shift the focus towards renewable energy, Thus, supporting market growth.
List of figures:
FIGURE 1 GLOBAL WIND TURBINE GEARBOX MARKET: MARKET STRUCTURE 23
FIGURE 2 RESEARCH PROCESS OF MRFR 25
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 27
FIGURE 4 DRO ANALYSIS OF THE GLOBAL WIND TURBINE GEARBOX MARKET 29
FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL WIND TURBINE GEARBOX MARKET 33
FIGURE 6 SUPPLY CHAIN: GLOBAL WIND TURBINE GEARBOX MARKET 34
FIGURE 7 GLOBAL WIND TURBINE GEARBOX MARKET, BY TYPE, 2018 (% SHARE) 37
FIGURE 8 GLOBAL WIND TURBINE GEARBOX MARKET, BY APPLICATION, 2018 (% SHARE) 41
FIGURE 9 GLOBAL WIND TURBINE GEARBOX MARKET, BY INSTALLATION TYPE, 2018 (% SHARE) 44
FIGURE 10 GLOBAL WIND TURBINE GEARBOX MARKET, BY CAPACITY, 2018 (% SHARE) 47
FIGURE 11 GLOBAL WIND TURBINE GEARBOX MARKET SHARE, BY REGION, 2018 (% SHARE) 51
FIGURE 12 NORTH AMERICA: WIND TURBINE GEARBOX MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 53
FIGURE 13 EUROPE: WIND TURBINE GEARBOX MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 73
FIGURE 14 NORTH AMERICA: WIND TURBINE GEARBOX MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 110
FIGURE 15 SOUTH AMERICA: WIND TURBINE GEARBOX MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 142
FIGURE 16 MIDDLE EAST & AFRICA: WIND TURBINE GEARBOX MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 166
FIGURE 17 WIND TURBINE GEARBOX MARKET SHARE, 2017 182
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