Global Wind Turbine Gearbox Market - Analysis by Type of Gearbox - Growth Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 134 | Published By - Mordor Intelligence

Report Highlights

The wind turbine gearbox market is expected to grow form USD XX Billion in 2015 to reach USD XX Billion by 2022, growing at a CAGR of USD XX Billion. With energy demand rising worldwide, tremendous growth is being recorded by the renewable energy market, and the wind power industry is one of the fastest growing in the renewable energy sector. The wind turbine gearbox markets growth is directly related to the increasing demand for wind turbines. Gearboxes constitute a good part of the cost of a turbine, accounting for almost 20% of the entire wind turbine installation.

The main gearbox is one of the most important components of a wind turbine. The main gearbox converts the turning speed of the turbine blades into the speed necessary for the generator to produce electricity. A pitch control gearbox sets the turbine blades at the best angle to the wind, and yaw control is essential in upwind turbines to ensure that the turbine always faces into the wind. Wind turbulence exerts tremendous stress on the gearbox components, and this can cause damages to the point of bringing the turbine to a halt. A gearbox is therefore considered the highest maintenance part of a turbine. In spite of this, gearboxes are still the preferred technology.

The growing popularity of direct drive turbines is a threat to the gearbox market. The harsh operating conditions that these gearboxes are required to function in also present design challenges. Nevertheless, with improving technology, companies are introducing newer and more reliable gearboxes that can better withstand the wind turbulence stresses. Geared systems are also cheaper than direct drive systems. Governmental policies on wind energy differ around the world. There has been a withdrawal of subsidies and feed-in programs in some European countries which is affecting the market. Nevertheless, emerging markets are providing a boost to the industry.

Some of the key players in the wind turbine gearbox market are Bosch Rexroth AG, Brevini, Winergy AG, ZF Friedrichshafen AG and Gamesa.

This report is a comprehensive analysis of the global wind turbine gearbox market. Key drivers and restraints have been identified. A region specific assessment has been carried out and the prospects of the market in each region has been detailed. Details of key players who can influence the global and regional markets have been included in the extensively researched competitive analysis section. The profiles of these key companies include an analysis of their market share, key financial information and an analysis of their current strategic interests.

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