Market Overview:
The global wind turbine gearboxes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and rising concerns about climate change and greenhouse gas emissions. In addition, government initiatives and subsidies for installation of wind turbines are also contributing to the growth of this market. The global wind turbine gearboxes market is segmented on the basis of type, application, and region. On the basis of type, cast iron gearboxes accounted for a major share in 2017 owing to their low cost and high durability as compared to other types such as aluminum alloy or steel gearboxes. However, with technological advancements in manufacturing processes, aluminum alloy gearboxes are becoming increasingly popular due their lighter weight and higher efficiency as compared to cast iron gearboxes. On the basis of application, energy accounted for a major share in 2017 owing to increasing investments in renewable energy sources across the globe.
Product Definition:
Wind turbine gearboxes are used to transmit power from the turbine's rotor to the generator. The gearboxes are necessary because the speed of the rotor is much greater than that of the generator.
Cast Iron:
Cast iron is a type of metal, which is obtained from the process of melting ore. The most common types of ores used in the process are magnetite (Fe2O3), hematite (Fe2+ Fe3+), and limonite (CaO). It has high thermal conductivity, low electrical conductivity and tensile strength. Cast iron also contains elements such as silicon, carbon, sulfur and other metals.
Aluminum Alloy:
Aluminum alloys are materials that show a great combination of mechanical properties and are used in various end-use industries. Aluminum is the most commonly used metal alloy, which comprises of various elements such as zinc, copper, magnesium, etc. In the wind turbine industry aluminum is mostly used for manufacturing gearboxes due to its high strength and lightweight properties.
Application Insights:
The utility application segment accounted for the largest revenue share of over 50% in 2017. The segment is expected to witness significant growth on account of rising demand for clean energy sources, such as wind turbines. Increasing electricity costs coupled with government initiatives to reduce carbon emissions are likely to drive the utility application segment over the forecast period.
Commercial applications include hotels and hospitals that use WTG as a source of power due to its ability to produce continuous power supply without any additional fuel cost or maintenance cost. Growing commercial construction activities across various regions coupled with growing awareness regarding renewable energy sources is anticipated drive market growth in this sector over the forecast period.
The others application category includes sports ground, golf courses and open land development projects where WTG is used as a decorative feature or an attraction due largelyto its ability toraise funds through admission charges, which further enables project completion deadlines.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing wind power capacity, rising investments in offshore & marine renewable energy, and government initiatives encouraging industrialization & clean energy utilization. China is estimated to lead the regional market over the next eight years owing to its large installed base of operating wind farms along with growing offshore & marine renewable energy projects.
Europe was another major contributor towards global gearboxes demand accounting for a revenue share of more than 20% in 2017 owing to high penetration rates of wind turbines across several countries such as Germany, Denmark, Netherlands, Belgium and U.K., which are among Europe’s top 10 producers of electricity from wind power installations (WPD). Moreover European Commission has set an aim for reducing GHG emissions by 40% by 2030 which is likely boost industry growth during future years.
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
- Technological advancements in wind turbine gearboxes that improve performance and efficiency
- Rising prices of traditional forms of energy such as oil, gas, and coal
- Growing awareness about the benefits of using renewable sources of energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Gearboxes Market Research Report
By Type
Cast Iron, Aluminum Alloy, Others
By Application
Energy, Utility, Commercial, Others
By Companies
Enercon, Siemens(Gamesa), Winergy, Bosch Rexroth, Emergya Wind Technologies, Inox Wind, Ishibashi Manufacturing, Lagerwey Wind, Leitwind, Moventas, Enercon, Regen Powertech, Renk, XEMC, High Speed Transmission, CSIC Haizhuang Windpower
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Gearboxes Market Report Segments:
The global Wind Turbine Gearboxes market is segmented on the basis of:
Types
Cast Iron, Aluminum Alloy, Others
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
Energy, Utility, Commercial, Others
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:
- Enercon
- Siemens(Gamesa)
- Winergy
- Bosch Rexroth
- Emergya Wind Technologies
- Inox Wind
- Ishibashi Manufacturing
- Lagerwey Wind
- Leitwind
- Moventas
- Enercon
- Regen Powertech
- Renk
- XEMC
- High Speed Transmission
- CSIC Haizhuang Windpower
Highlights of The Wind Turbine Gearboxes 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:
- Cast Iron
- Aluminum Alloy
- Others
- By Application:
- Energy
- Utility
- Commercial
- Others
- 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 Turbine Gearboxes 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 turbine gearboxes are the heart of a wind turbine. They convert the rotational motion of the blades into linear motion that powers an electric generator.
Some of the key players operating in the wind turbine gearboxes market are Enercon, Siemens(Gamesa), Winergy, Bosch Rexroth, Emergya Wind Technologies, Inox Wind, Ishibashi Manufacturing, Lagerwey Wind, Leitwind, Moventas, Enercon, Regen Powertech, Renk, XEMC, High Speed Transmission, CSIC Haizhuang Windpower.
The wind turbine gearboxes 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 Turbine Gearboxes 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 Turbine Gearboxes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Gearboxes 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 Turbine Gearboxes 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 Turbine Gearboxes Market Size & Forecast, 2020-2028
4.5.1 Wind Turbine Gearboxes Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Gearboxes 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 Cast Iron
5.2.2 Aluminum Alloy
5.2.3 Others
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 Energy
6.2.2 Utility
6.2.3 Commercial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Gearboxes 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 Turbine Gearboxes 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 Cast Iron
9.6.2 Aluminum Alloy
9.6.3 Others
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 Energy
9.10.2 Utility
9.10.3 Commercial
9.10.4 Others
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 Cast Iron
10.6.2 Aluminum Alloy
10.6.3 Others
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 Energy
10.10.2 Utility
10.10.3 Commercial
10.10.4 Others
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 Cast Iron
11.6.2 Aluminum Alloy
11.6.3 Others
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 Energy
11.10.2 Utility
11.10.3 Commercial
11.10.4 Others
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 Cast Iron
12.6.2 Aluminum Alloy
12.6.3 Others
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 Energy
12.10.2 Utility
12.10.3 Commercial
12.10.4 Others
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 Cast Iron
13.6.2 Aluminum Alloy
13.6.3 Others
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 Energy
13.10.2 Utility
13.10.3 Commercial
13.10.4 Others
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 Turbine Gearboxes Market: Competitive Dashboard
14.2 Global Wind Turbine Gearboxes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Enercon
14.3.2 Siemens(Gamesa)
14.3.3 Winergy
14.3.4 Bosch Rexroth
14.3.5 Emergya Wind Technologies
14.3.6 Inox Wind
14.3.7 Ishibashi Manufacturing
14.3.8 Lagerwey Wind
14.3.9 Leitwind
14.3.10 Moventas
14.3.11 Enercon
14.3.12 Regen Powertech
14.3.13 Renk
14.3.14 XEMC
14.3.15 High Speed Transmission
14.3.16 CSIC Haizhuang Windpower
