Wind Turbine Gearbox Market 2019 Global Industry Forecast to 2023 is latest report published by Market Research Future. Global Wind Turbine Gearbox Market is to grow at healthy 6.46% CAGR by 2023. Wind Turbine Gearbox Market by Type, Application, Installation Type, Capacity, and Region with Forecast To 2023.
Pune, India - August 6, 2019 /MarketersMedia/ —
Wind Turbine Gearbox Market 2019 Global Size, Share, Statistics, 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 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.
Wind Turbine Gearbox Key Players Analyzed in Report:
RENK AG, ISHIBASHI Manufacturing Co. Ltd., Eickhoff Antriebstechnik GmbH, Chongqing Gearbox Co. Ltd., ZF Friedrichshafen, China High Speed Transmission Equipment Group Co. Ltd, Winergy AG, and Siemens Gamesa Renewable Energy S.A.
Get Free Sample “Wind Turbine Gearbox Market Research Report-Global Forecast till 2023” at: https://www.marketresearchfuture.com/sample_request/6616
Wind Turbine Gearbox Market Highlights:
Growing Presence of Wind Energy in the Global Alternative Energy Scenario to Drive Wind Turbine Gearbox Market. The global wind turbine gearbox market is expected to exhibit a robust 6.46% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR).
The global wind turbine gearbox market is mainly driven by the growing demand for wind energy projects around the world. The emergence of the wind power sector as a reliable alternative to conventional thermal generation of electricity has been a major driver for the wind turbine gearbox market, as this has driven major investment in wind turbine gearbox design and manufacturing. Increasing government support to wind energy projects is likely to be a major driver for the wind turbine gearbox market over the forecast period, as several leading countries around the world have focused on wind and solar power as viable alternatives to thermal generation of electricity in recent years.
Wind turbine gearboxes play a crucial role in the generation of electricity through wind power, as they allow the turbine to rotate at multiple speeds, ensuring efficient power generation always. Due to the importance of the role of the gearbox in the operation of wind turbines, manufacturers have been quick to bring out several product designs in a short period of time, leading to a glut of options in the market for end users. The increasing competitiveness in the wind turbine gearbox market is likely to be a major driver for the market over the forecast period, as the growing government support for wind energy across the world has created ample scope for revenue generation for manufacturers of wind energy devices.
The report presents a detailed historical background of the global wind turbine gearbox market, using historical numbers to extrapolate the likely trajectory of the market over the forecast period. The major drivers acting on the market are profiled in the report along with the key restraints holding the market back. The major players in the global wind turbine gearbox market are also assessed in the report in order to provide readers with a comprehensive overview of the market’s competitive landscape.
Global Wind Turbine Gearbox Market Segments:
The global wind turbine gearbox market is segmented based on type, application, installation type, capacity, and region.
By type, the wind turbine gearbox market is segmented into main gearbox, yaw gearbox, and others. The main gearbox segment is dominant in the wind turbine gearbox market, accounting for close to 61% of the market in 2018.
By application, it is segmented into offshore and onshore wind power. Onshore wind power currently dominates the demand from the wind turbine gearbox market, holding a 92% share in 2018. However, the growing demand for offshore wind farms is likely to result in faster growth for the offshore segment over the forecast period.
By installation type, it is segmented into new and replacement.
Based on capacity, the market is segmented into 1.5 MW-3 MW, up to 1.5 MW, and over 3 MW. 1.5 MW-3 MW is likely to remain the dominant segment in the global wind turbine gearbox market, exhibiting a 6.79% CAGR over the forecast period.
Global Wind Turbine Gearbox Market Regional Overview:
Asia Pacific accounted for a share of close to 47% in the global wind turbine gearbox market in 2018 and is likely to remain the dominant force in the market over the forecast period due to the increasing government support to the wind energy sector in countries such as India, China, Japan, and South Korea.
Europe is the second largest regional market for wind turbine gearboxes, followed by North America. Wind energy has been widely incorporated into the mainline power architecture in European countries such as France, the UK, and Germany, leading to a steady presence of leading manufacturers and support services in the region.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Key Buying Criteria
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List Of Assumptions
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increase In Drilling Activities
5.2.2 Less Human Intervention
5.2.3 Adoption Of Automation In Oil & Gas
5.3 Restraints
5.3.1 Lack Of Interoperability Of Rig Control System
5.3.2 Restraints Impact Analysis
5.4 Opportunities
5.4.1 Safety In Oil Rigs
5.4.2 Increased Exploration Activities In Deep Water
5.5 Supply Chain Analysis
5.6 Porter’s Five Forces Model
5.6.1 Threat Of New Entrants
5.6.2 Bargaining Power Of Suppliers
5.6.3 Bargaining Power Of Buyers
5.6.4 Threat Of Substitutes
5.6.5 Intensity Of Rivalry
Continued…
List of Tables:
TABLE 1 MARKET SYNOPSIS 20
TABLE 2 LIST OF ASSUMPTIONS 23
TABLE 3 VOLUME OF WIND TURBINE GEARBOX, BY TYPE, 2013-2025 (UNITS) 38
TABLE 4 GLOBAL WIND TURBINE GEARBOX MARKET, BY APPLICATION, 2013-2025 (USD MILLION) 42
TABLE 5 VOLUME OF WIND TURBINE GEARBOX, BY APPLICATION, 2013-2025 (UNITS) 42
TABLE 6 GLOBAL WIND TURBINE GEARBOX MARKET, BY INSTALLATION TYPE, 2013-2025 (USD MILLION) 45
TABLE 7 VOLUME OF WIND TURBINE GEARBOX, BY INSTALLATION TYPE, 2013-2025 (UNITS) 45
TABLE 8 GLOBAL WIND TURBINE GEARBOX MARKET, BY CAPACITY, 2013-2025 (USD MILLION) 48
TABLE 9 VOLUME OF WIND TURBINE GEARBOX, BY CAPACITY, 2013-2025 (UNITS) 48
TABLE 10 GLOBAL WIND TURBINE GEARBOX MARKET, BY REGION, 2013-2025 (USD MILLION) 51
Continued…
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
Continued…
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