Global Wind Turbine Gearbox Market is expected to reach US$ XX Bn by 2027 from US$ XX Bn in 2019 at a CAGR of about 6.21% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Wind Turbine Gearbox MarketGlobal Wind Turbine Gearbox Market Dynamics:
The wind turbine gearbox is an important component in the wind turbines that aids in growing the turbine rotational speed. The wind turbine component is used for converting kinetic energy produced from the wind to electric energy.
The global market for wind turbine gearbox is expected to gain high market growth from 2019 to 2027 thanks to the growing awareness of renewable sources and the high rate of reduction of fossil fuels. The energy & power industry, mainly the wind segment holds lucrative opportunities for the wind turbine gearbox market. The ability of turbine gearboxes to effectively handle the upsurge in the rotational power of blades boost the global market for turbine gearbox during the forecast period. Companies are using inventing 3-D printing technology to create cost-effective and more durable rotor blades.
Global Wind Turbine Gearbox Market Segment Analysis:
The report covers the segments in the wind turbine gearbox market such as deployment and capacity. By deployment, the offshore segment was valued at US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027 at a CAGR of XX.33% over the forecast period. Globally, the share of offshore installations continues to upsurge and reached XX.18% for new installations and ~4% of the total installations. By 2027, the share of the new installation is projected to exceed XX%, and the total installed base is estimated to reach 100 GW.
Global Wind Turbine Gearbox Market Regional Insights:
Europe is expected to account for the market share of xx% in the wind turbine gearbox market, thanks to the presence of topmost wind turbine companies in the U.K., Italy, France, and Germany. The region has accumulated demand for XX units by 2027 at a CAGR of XX.58% during 2019-2027.
APAC plays important role in the wind turbine gearbox market, with market size of US$ XX Mn. in 2019 and will be US$ XX Mn. in 2027, with a CAGR of XX%. The market growth in Asia is driven by the growing investments in new wind power capacity additions over the predicted period. Major economies in APAC such as China, India, and Japan are the key markets for wind turbine gearboxes.
Companies in the global wind turbine gearbox market such as GE Energy, Bosch Rexroth, Winergy, and others are involved in adopting sustainable strategies to gain competitive edges, for example, a new product launch, collaborative agreements, and product up-gradation.
The objective of the report is to present a comprehensive analysis of the Global Wind Turbine Gearbox Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Wind Turbine Gearbox Market dynamics, structure by analyzing the market segments and projects the Global Wind Turbine Gearbox Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wind Turbine Gearbox Market make the report investor’s guide.
Global Wind Turbine Gearbox Market Scope:
Global Wind Turbine Gearbox Market, By Deployment
Global Wind Turbine Gearbox Market, By Capacity
• Less than 3 MW
• Between 3 MW and 6 MW
• More than 6 MW
Global Wind Turbine Gearbox Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
Global Wind Turbine Gearbox Market Key Players:
• GE Energy
• Suzlon Energy
• Bosch Rexroth
• Dana Brevini Power Transmission SpA
• ISHIBASHI Manufacturing Co. Ltd. (Japan)
• China High Speed Transmission Equipment Group Co. Ltd. (China)
• RENK AG (Germany)
• ME Production A/S
• ZF Friedrichshafen AG
• ENERCON GmbH
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