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Wind Turbine Gearbox Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 140 Pages
SKU # FOB19185532

Description

Wind Turbine Gearbox Market



Growth Factors of Wind Turbine Gearbox Market

The wind turbine gearbox market size was valued at USD 22.27 billion in 2023, and the market is now projected to grow from USD 23.95 billion in 2024 to USD 44.60 billion by 2032, exhibiting a CAGR of 8.08% during the forecast period of 2024-2032.

The COVID-19 affected the energy sector investing in both fossil fuel and those renewable sources. But it had a negative impact on wind energy that was only in the short-term following adverse impacts of the travel and lockdown measures on the supply chain. Exporting and importing was restricted and as a result there were set backs in many projects in different countries. However, there are signs that the wind energy sector will continue to turn around after the pandemic crisis is over.

There is an increasing trend in the manufacturing of renewable energy across the globe, which will drive the growth of wind turbine gearbox market. More awareness of the environment and more focus on cutting the emission of greenhouse gases has forced the governments into coming up with friendly policies in both onshore and offshore wind energy. These policies foster market development for instance, in 2017 the U. S opened its first offshore wind farm through the National Ocean Industries Association.

The participants of the Paris Climate Change Agreement have made substantive improvements in cutting emissions of air pollutants through enhancement of use of renewable sources of power. Due to the increasing cost of wind energy and the fact that this is one of the most efficient sources of renewable energy, a significant reduction of direct greenhouse gas emissions is achieved. Therefore, most countries have invested in wind energy in a bid to address climate change mitigation initiatives. Such shift helps in the fight against climate change taking place internationally.

Comprehensive Analysis of Wind Turbine Gearbox Market

The wind turbine gearbox market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by application analysis. By product analysis include new and replacement. By type analysis include onshore and offshore.

The Asia Pacific region lead the wind turbine gearbox market share by benefitting a market size of USD 10.92 billion in 2023 due to the increasing wind capacity by installing new farms around this region.

The top players in the markets have a central responsibility in the power & energy industry to be sure of industrial prospectus development and to establish the market norms. These players include, Siemens Gamesa Renewable Energy SA, General Electric Renewable Energy, Robert Bosch, Vestas, Moventas Gear Oy, Ishibashi Manufacturing Co. Ltd., Voith GmbH & Co. KGaA, Winergy Group, Dana Brevini SpA, ZF Friedrichshafen AG, ME Production A/S, Renk AG these market players provide a level-playing competitive landscape.

In March 2024, The Indian state-owned Solar Energy Corporation of India (SECI) plans to issue a tender for a 1,000 MW offshore wind project development by the upcoming year.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate (%) CAGR of 8.08% from 2024-2032

Unit Value (USD Billion)

Segmentation By Type

- New

- Replacement

By Application

- Offshore

- Onshore

By Region

- North America (By Type, By Application, By Country)
  • U.S. (By Type)
  • Canada (By Type)
- Europe (By Type, By Application, By Country)
  • Germany (By Type)
  • France (By Type)
  • U.K. (By Type)
  • Denmark (By Type)
  • Netherlands (By Type)
  • Rest of Europe (By Type)
- Asia Pacific (By Type, By Application, By Country)
  • China (By Type)
  • India (By Type)
  • Thailand (By Type)
  • South Korea (By Type)
  • Rest of Asia Pacific (By Type)
- Latin America (By Type, By Application, By Country)
  • Brazil (By Type)
  • Mexico (By Type)
  • Rest of Latin America (By Type)
- Middle East and Africa (By Type, By Application, By Country)
  • South Africa (By Type)
  • Egypt (By Type)
- Rest of MEA (By Type)


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Table of Contents

140 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Porters Five Forces Analysis
4.5. Impact of COVID-19 on the Wind Turbine Gearbox Market
5. Global Wind Turbine Gearbox Market Analysis (USD Billion), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. New
5.2.2. Replacement
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Onshore
5.3.2. Offshore
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Middle East & Africa
5.4.5. Latin America
6. North America Wind Turbine Gearbox Market Analysis (USD Billion), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. New
6.2.2. Replacement
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S. Market Analysis, Insights and Forecast – By Type
6.4.1.1. New
6.4.1.2. Replacement
6.4.2. Canada Market Analysis, Insights and Forecast – By Type
6.4.2.1. New
6.4.2.2. Replacement
7. Europe Wind Turbine Gearbox Market Analysis (USD Billion), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type
7.2.1. New
7.2.2. Replacement
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Onshore
7.3.2. Offshore
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. Germany Market Analysis, Insights and Forecast – By Type
7.4.1.1. New
7.4.1.2. Replacement
7.4.2. France Market Analysis, Insights and Forecast – By Type
7.4.2.1. New
7.4.2.2. Replacement
7.4.3. UK Market Analysis, Insights and Forecast – By Type
7.4.3.1. New
7.4.3.2. Replacement
7.4.4. Denmark Market Analysis, Insights and Forecast – By Type
7.4.4.1. New
7.4.4.2. Replacement
7.4.5. Netherlands Market Analysis, Insights and Forecast – By Type
7.4.5.1. New
7.4.5.2. Replacement
7.4.6. Rest of Europe Market Analysis, Insights and Forecast – By Type
7.4.6.1. New
7.4.6.2. Replacement
8. Asia Pacific Wind Turbine Gearbox Market Analysis (USD Billion), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. New
8.2.2. Replacement
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Onshore
8.3.2. Offshore
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China Market Analysis, Insights and Forecast – By Type
8.4.1.1. New
8.4.1.2. Replacement
8.4.2. India Market Analysis, Insights and Forecast – By Type
8.4.2.1. New
8.4.2.2. Replacement
8.4.3. Indonesia Market Analysis, Insights and Forecast – By Type
8.4.3.1. New
8.4.3.2. Replacement
8.4.4. South Korea Market Analysis, Insights and Forecast – By Type
8.4.4.1. New
8.4.4.2. Replacement
8.4.5. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Type
8.4.5.1. New
8.4.5.2. Replacement
9. Latin America Wind Turbine Gearbox Market Analysis (USD Billion), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. New
9.2.2. Replacement
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Onshore
9.3.2. Offshore
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Mexico Market Analysis, Insights and Forecast – By Type
9.4.1.1. New
9.4.1.2. Replacement
9.4.2. Brazil Market Analysis, Insights and Forecast – By Type
9.4.2.1. New
9.4.2.2. Replacement
9.4.3. Rest of Latin America Market Analysis, Insights and Forecast – By Type
9.4.3.1. New
9.4.3.2. Replacement
10. Middle East & Africa Wind Turbine Gearbox Market Analysis (USD Billion), Insights and Forecast, 2019-2032
10.1. Market Analysis, Insights and Forecast – By Type
10.1.1. New
10.1.2. Replacement
10.2. Market Analysis, Insights and Forecast – By Application
10.2.1. Onshore
10.2.2. Offshore
10.3. Market Analysis, Insights and Forecast – By Country
10.3.1. South Africa Market Analysis, Insights and Forecast – By Type
10.3.1.1. New
10.3.1.2. Replacement
10.3.2. Egypt Market Analysis, Insights and Forecast – By Type
10.3.2.1. New
10.3.2.2. Replacement
10.3.3. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Type
10.3.3.1. New
10.3.3.2. Replacement
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. Siemens Gamesa Renewable Energy SA
11.2.1.1. Business Overview
11.2.1.2. Product & Service Offering
11.2.1.3. Overall Revenue
11.2.1.4. Recent Development
11.2.2. Winergy Group
11.2.2.1. Business Overview
11.2.2.2. Product & Service Offering
11.2.2.3. Overall Revenue
11.2.2.4. Recent Development
11.2.3. Dana Brevini SpA
11.2.3.1. Business Overview
11.2.3.2. Product & Service Offering
11.2.3.3. Overall Revenue
11.2.3.4. Recent Development
11.2.4. Renk AG
11.2.4.1. Business Overview
11.2.4.2. Product & Service Offering
11.2.4.3. Overall Revenue
11.2.4.4. Recent Development
11.2.5. ZF Friedrichshafen AG
11.2.5.1. Business Overview
11.2.5.2. Product & Service Offering
11.2.5.3. Overall Revenue
11.2.5.4. Recent Development
11.2.6. General Electric Renewable Energy
11.2.6.1. Business Overview
11.2.6.2. Product & Service Offering
11.2.6.3. Overall Revenue
11.2.6.4. Recent Development
11.2.7. Moventas Gear Oy
11.2.7.1. Business Overview
11.2.7.2. Product & Service Offering
11.2.7.3. Overall Revenue
11.2.7.4. Recent Development
11.2.8. Ishibashi Manufacturing Co. Ltd.
11.2.8.1. Business Overview
11.2.8.2. Product & Service Offering
11.2.8.3. Overall Revenue
11.2.8.4. Recent Development
11.2.9. Robert Bosch
11.2.9.1. Business Overview
11.2.9.2. Product & Service Offering
11.2.9.3. Overall Revenue
11.2.9.4. Recent Development
11.2.10. Voith GmbH & Co. KGaA
11.2.10.1. Business Overview
11.2.10.2. Product & Service Offering
11.2.10.3. Overall Revenue
11.2.10.4. Recent Development
11.2.11. Vestas
11.2.11.1. Business Overview
11.2.11.2. Product & Service Offering
11.2.11.3. Overall Revenue
11.2.11.4. Recent Development
11.2.12. ME Production S/A
11.2.12.1. Business Overview
11.2.12.2. Product & Service Offering
11.2.12.3. Overall Revenue
11.2.12.4. Recent Development

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