Global Wind Turbine Gearbox Market Growth 2025-2031

The global Wind Turbine Gearbox market size is predicted to grow from US$ 6843 million in 2025 to US$ 9490 million in 2031; it is expected to grow at a CAGR of 5.6% from 2025 to 2031.

A wind turbine gearbox is a critical component in a wind turbine that converts the low-speed rotation of the turbine's blades into the high-speed rotation needed to generate electricity.

The wind turbine gearbox market has seen significant growth and evolution over the years, driven by the expanding demand for renewable energy sources and technological advancements in wind turbine designs. The wind turbine gearbox market is closely tied to the growth of the global wind energy sector. As countries transition to renewable energy to combat climate change, wind energy is increasingly seen as a key contributor to achieving energy goals. Wind turbine gearboxes are vital components that enable wind turbines to convert the mechanical energy of wind into electrical power efficiently. Wind power is one of the fastest-growing renewable energy sources. The global installed capacity of wind turbines continues to rise, especially in regions like Europe, Asia-Pacific (particularly China and India), and North America. Gearbox designs are becoming more efficient, compact, and reliable, leading to lower operational costs and increased efficiency. Many governments offer incentives, subsidies, and regulatory support to promote renewable energy, which includes wind power generation. The increasing global focus on reducing carbon emissions and the transition to cleaner energy sources has boosted the demand for wind turbines. New innovations, such as hybrid and direct-drive systems, improve gearbox performance, reliability, and maintenance costs, thus supporting market growth. Europe has a well-established wind energy market, particularly in countries like Germany, Spain, and the UK. The region is also a leader in offshore wind energy, which is increasing the demand for specialized gearboxes. China and India are leading the charge in the Asia-Pacific region. China, in particular, is the world’s largest producer of wind turbines and gearboxes. The region is expected to experience significant growth due to the increasing focus on renewable energy. The U.S. has a growing wind energy market, especially in states like Texas, California, and Iowa. Canada is also expanding its wind energy capacity.

LP Information, Inc. (LPI) ' newest research report, the “Wind Turbine Gearbox Industry Forecast” looks at past sales and reviews total world Wind Turbine Gearbox sales in 2024, providing a comprehensive analysis by region and market sector of projected Wind Turbine Gearbox sales for 2025 through 2031. With Wind Turbine Gearbox sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wind Turbine Gearbox industry.

This Insight Report provides a comprehensive analysis of the global Wind Turbine Gearbox landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wind Turbine Gearbox portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wind Turbine Gearbox market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Turbine Gearbox and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wind Turbine Gearbox.

This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Gearbox market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Below 3MW
3MW-6MW
Above 6MW

Segmentation by Application:
Offshore
Onshore

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
China Transmission
Flender (Winergy)
ZF Friedrichshafen
Delijia Transmission Technology
NFAIC
Chongqing Gearbox
Dalian Heavy Industry
Siemens Gamesa
Eickhoff
CRRC Corporation
Chongqing Wangjiang Industrial
Tianjin Teek Transmission
Hangzhou Advance Gearbox Group
Taiyuan Heavy Industry

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wind Turbine Gearbox market?

What factors are driving Wind Turbine Gearbox market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wind Turbine Gearbox market opportunities vary by end market size?

How does Wind Turbine Gearbox break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.