Market Overview:
The global wind energy gearbox market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for renewable energy and the rising awareness about climate change. In addition, the government initiatives and subsidies for wind energy are also contributing to the growth of this market. The global wind energy gearbox market is segmented on the basis of type, application, and region. On the basis of type, it is divided into below 1.5 MW, 1.5 MW-3 MW, and above 3 MW segments. The below 1.5 MW segment is expected to grow at a CAGR of 5% from 2018 to 2030 due to its low cost and easy installation process as compared with other types of gearboxes available in this market.
Product Definition:
A wind energy gearbox is a device used to increase the speed of rotation of a wind turbine shaft. This is important because it allows the turbine to generate more power and ultimately produce more electricity.
Below 1.5 MW:
Below 1.5 MW, it's usage.
Wind energy gearboxes are used to convert the rotational kinetic energy of wind into useful power. The mechanical components involved in this process include a rotor, main shaft, gearbox body, and output turbine blades.
1.5 MW-3 MW:
1.5 MW-3MW is a gearbox with three main stages, which are used in wind turbine generator sets. It has been developed by the GE Energy Company and it’s major applications are in offshore wind turbines where high power requirements are met with ease owing to its large size range.
Application Insights:
In 2017, the onshore application dominated the global wind energy gearbox market with a share of over 92.0%. The segment is expected to retain its dominance throughout the forecast period owing to various advantages including lower installation costs, easy access to transmission & distribution lines and better land availability. Onshore applications are also more popular in Europe as compared with other regions due to higher electricity generation from wind turbines coupled with high industrialization and urbanization rates in countries such as Germany, Spain and France.
The offshore application is projected expand at a CAGR of XX% during the same period owing to growing concerns regarding protecting marine life along with tourism activities along coastal areas across different parts of the world including Latin America Pacific Ocean and Indian Ocean region among others will drive demand for offshore installations which use turbine-based power generation systems for generating power within water bodies deep beneath sea level.
Regional Analysis:
The wind energy gearboxes market in the U.S. is expected to grow at a rapid pace over the forecast period owing to increasing installations of wind farms and growing offshore projects across the country.
In addition, favorable government policies are also anticipated to drive regional growth over the next eight years. For instance, according to IEEFA's annual ranking of renewable energy sources providing electricity grid coverage in 2018; Texas had 58 operational solar PV farms with an average capacity factor of 22%, Nevada had 16 operational solar PV farms with an average capacity factor of 25% while New Jersey had two operational solar PV farm’s with an average capacity factor exceeding 30%.
Growth Factors:
- Increasing demand for wind energy due to its environmental benefits over other forms of energy generation
- Government initiatives and subsidies for installation of wind turbines, which is expected to drive the market growth
- Technological advancements in gearbox design and manufacturing that will improve the efficiency and performance of wind turbines
- Growing demand from emerging markets such as China and India due to their large potential for renewable energy generation
- Rising prices of traditional fuels such as oil, gas, and coal that are encouraging the deployment of more wind turbines
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Energy Gearbox Market Research Report
By Type
Below 1.5 MW, 1.5 MW-3 MW, Above 3 MW
By Application
In-land, Off-shore
By Companies
Siemens, China Transmission, ZF, Moventas, VOITH, Allen Gears, Flender AG, Elecon, RENK Group, NGC Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Wind Energy Gearbox Market Report Segments:
The global Wind Energy Gearbox market is segmented on the basis of:
Types
Below 1.5 MW, 1.5 MW-3 MW, Above 3 MW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
In-land, Off-shore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- China Transmission
- ZF
- Moventas
- VOITH
- Allen Gears
- Flender AG
- Elecon
- RENK Group
- NGC Group
Highlights of The Wind Energy Gearbox Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 1.5 MW
- 1.5 MW-3 MW
- Above 3 MW
- By Application:
- In-land
- Off-shore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wind Energy Gearbox Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wind energy gearbox is a machine that converts the kinetic energy of wind into mechanical power.
Some of the major companies in the wind energy gearbox market are Siemens, China Transmission, ZF, Moventas, VOITH, Allen Gears, Flender AG, Elecon, RENK Group, NGC Group.
The wind energy gearbox market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Energy Gearbox Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wind Energy Gearbox Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Energy Gearbox Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wind Energy Gearbox Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wind Energy Gearbox Market Size & Forecast, 2020-2028
4.5.1 Wind Energy Gearbox Market Size and Y-o-Y Growth
4.5.2 Wind Energy Gearbox Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 1.5 MW
5.2.2 1.5 MW-3 MW
5.2.3 Above 3 MW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 In-land
6.2.2 Off-shore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Energy Gearbox Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wind Energy Gearbox Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 1.5 MW
9.6.2 1.5 MW-3 MW
9.6.3 Above 3 MW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 In-land
9.10.2 Off-shore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 1.5 MW
10.6.2 1.5 MW-3 MW
10.6.3 Above 3 MW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 In-land
10.10.2 Off-shore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 1.5 MW
11.6.2 1.5 MW-3 MW
11.6.3 Above 3 MW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 In-land
11.10.2 Off-shore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 1.5 MW
12.6.2 1.5 MW-3 MW
12.6.3 Above 3 MW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 In-land
12.10.2 Off-shore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 1.5 MW
13.6.2 1.5 MW-3 MW
13.6.3 Above 3 MW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 In-land
13.10.2 Off-shore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wind Energy Gearbox Market: Competitive Dashboard
14.2 Global Wind Energy Gearbox Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 China Transmission
14.3.3 ZF
14.3.4 Moventas
14.3.5 VOITH
14.3.6 Allen Gears
14.3.7 Flender AG
14.3.8 Elecon
14.3.9 RENK Group
14.3.10 NGC Group
