Global Wind Turbine Gearbox Market 2025-2029

Wind Turbine Gearbox Market 2025-2029

The wind turbine gearbox market is forecasted to grow by USD 4662.4 mn during 2024-2029, accelerating at a CAGR of 6.3% during the forecast period. The report on the wind turbine gearbox market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising height and capacity of wind towers, decline in levelized cost of electricity (LCoE) of wind power generation, and increase in offshore wind energy installations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's wind turbine gearbox market is segmented as below:

By Type

• Replacement
• New

By Application

• Onshore
• Offshore

By Component

• Planetary gearboxes
• Helical gearboxes
• Bevel gearboxes

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the decline in cost of gearboxes used in wind power generation as one of the prime reasons driving the wind turbine gearbox market growth during the next few years. Also, growing repair and remanufacture market for wind turbine gearboxes and integration of iot technologies in wind turbine gearboxes will lead to sizable demand in the market.

The report on the wind turbine gearbox market covers the following areas:

• Wind Turbine Gearbox Market sizing
• Wind Turbine Gearbox Market forecast
• Wind Turbine Gearbox Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine gearbox market vendors that include Bonfiglioli Riduttori Spa, Dana Inc., Elecon Engineering Co. Ltd., Flender GmbH, Gebr. Eickhoff Maschinenfabrik and Eisengiesserei GmbH, General Electric Co., Hottinger Bruel and Kjaer GmbH, ISHIBASHI Manufacturing Co. Ltd., ME Production Aps, Moventas Gears Oy, Nord Gear Ltd., Shandong Qingneng Power Co. Ltd., Siemens AG, Suzlon Energy Ltd., Voith GmbH and Co. KGaA, ZF Friedrichshafen AG, and ZOLLERN GmbH and Co. KG. Also, the wind turbine gearbox market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.