Market Overview:
The global wind power transmission equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and renewable energy sources across the globe. In addition, government initiatives and regulations supporting the installation of wind turbines are also contributing to the growth of this market. The global wind power transmission equipment market is segmented on the basis of type, application, and region. On the basis of type, gearbox accounts for a major share in this market followed by coupling and other components. Gearboxes are used in both onshore as well as offshore applications; however, coupling is mainly used in onshore applications owing to its low cost and easy installation process.
Product Definition:
Wind power transmission equipment is used to transfer the energy from wind turbines to the electrical grid. The importance of wind power transmission equipment is that it allows for the distribution of renewable energy from wind farms to consumers.
Gearbox:
Gearbox is the mechanism that changes rotational motion into translational or orbital motion. The main function of gearbox is to convert the high speed of turbine output shaft to low speed suitable for wind power turbines. There are two types of gearboxes used in wind power transmission equipment, namely mechanical and electrical/electronic.
The global market for Gearbox was valued at USD 1,849.7 million in 2016.
Coupling:
Coupling is a device used in wind power transmission equipment to connect the turbine blades to the main shaft. It helps in transferring torque from the main shaft to another rotating member and back again. The coupling can be mechanical or hydraulic, but it must be able to withstand high centrifugal forces and axial loads without failure.
The global market for coupling.
Application Insights:
Onshore application dominated the global wind power transmission equipment market in 2017, accounting for over 75% of the total revenue. The segment is expected to witness significant growth on account of increasing demand from countries such as China, Germany and Spain. Onshore applications include land based turbines connected to the grid via underground or overhead transmission lines.
The offshore segment is projected to exhibit a CAGR of XX% from 2018 to 2030 owing to growing investments in various offshore projects across the world including Brazil, Chile, Denmark India Italy Mexico Netherlands Portugal Russia South Korea Spain Sweden and UK U.S., Australia and New Zealand). Offshore turbines are installed in deep water areas far from land where it is difficult for generators (rotors) to connect with an electric line system due largely topography limitations at these locations along with other environmental challenges like corrosion caused by saltwater spray during high-speed winds which limits its penetration into remote areas thus limiting its application scope globally.
Regional Analysis:
The Asia Pacific accounted for the largest revenue share in 2017. China is the major contributor to regional growth owing to its large wind power generation capacity and growing offshore wind farms. The country also has a strong presence of manufacturers in the region, particularly in Japan and China, which has led to high product penetration rates across the region.
North America is expected to witness significant growth over the forecast period owing to increasing investments by renewable energy companies that are looking for low-cost funding options for their projects. Furthermore, rising awareness regarding green energy alternatives is anticipated favorably impact market demand over coming years.
Europe accounted for a significant market share due with Germany being one of Europe’s leading producers of electricity using wind power as an alternative source along with other conventional sources such as coal.
Growth Factors:
- Increasing demand for wind power due to its environmental benefits over other forms of energy generation
- Government initiatives and subsidies for installation of wind power plants
- Technological advancements in wind power transmission equipment that improve performance and reliability
- Rising prices of traditional forms of energy such as oil, gas, and coal that make wind power more attractive
- Growing awareness about the benefits of using renewable sources of energy such as wind power
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Power Transmission Equipment Market Research Report
By Type
Gearbox, Coupling, Other
By Application
Offshore, Onshore
By Companies
Vestas, Siemens, Gamesa Corporacion Tecnologica, Suzlon, Sinovel Wind, Enercon GmbH, GE, Entegrity Wind Systems, Yaskawa, Adwen, Nordex Acciona, United Power
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Wind Power Transmission Equipment Market Report Segments:
The global Wind Power Transmission Equipment market is segmented on the basis of:
Types
Gearbox, Coupling, Other
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
Offshore, Onshore
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:
- Vestas
- Siemens
- Gamesa Corporacion Tecnologica
- Suzlon
- Sinovel Wind
- Enercon GmbH
- GE
- Entegrity Wind Systems
- Yaskawa
- Adwen
- Nordex Acciona
- United Power
Highlights of The Wind Power Transmission Equipment 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:
- Gearbox
- Coupling
- Other
- By Application:
- Offshore
- Onshore
- 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 Power Transmission Equipment 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 power transmission equipment is used to move wind energy from the point of generation to where it can be used. Transmission lines carry the electricity over long distances, connecting wind farms and other generating facilities with population centers or other points of use.
Some of the major players in the wind power transmission equipment market are Vestas, Siemens, Gamesa Corporacion Tecnologica, Suzlon, Sinovel Wind, Enercon GmbH, GE, Entegrity Wind Systems, Yaskawa, Adwen, Nordex Acciona, United Power.
The wind power transmission equipment market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Power Transmission Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wind Power Transmission Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wind Power Transmission Equipment Market - Supply Chain
4.5. Global Wind Power Transmission Equipment Market Forecast
4.5.1. Wind Power Transmission Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wind Power Transmission Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wind Power Transmission Equipment Market Absolute $ Opportunity
5. Global Wind Power Transmission Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wind Power Transmission Equipment Market Size and Volume Forecast by Type
5.3.1. Gearbox
5.3.2. Coupling
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wind Power Transmission Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wind Power Transmission Equipment Market Size and Volume Forecast by Application
6.3.1. Offshore
6.3.2. Onshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wind Power Transmission Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wind Power Transmission Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wind Power Transmission Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wind Power Transmission Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wind Power Transmission Equipment Demand Share Forecast, 2019-2026
9. North America Wind Power Transmission Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wind Power Transmission Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wind Power Transmission Equipment Market Size and Volume Forecast by Application
9.4.1. Offshore
9.4.2. Onshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wind Power Transmission Equipment Market Size and Volume Forecast by Type
9.7.1. Gearbox
9.7.2. Coupling
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wind Power Transmission Equipment Demand Share Forecast, 2019-2026
10. Latin America Wind Power Transmission Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wind Power Transmission Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wind Power Transmission Equipment Market Size and Volume Forecast by Application
10.4.1. Offshore
10.4.2. Onshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wind Power Transmission Equipment Market Size and Volume Forecast by Type
10.7.1. Gearbox
10.7.2. Coupling
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wind Power Transmission Equipment Demand Share Forecast, 2019-2026
11. Europe Wind Power Transmission Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wind Power Transmission Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wind Power Transmission Equipment Market Size and Volume Forecast by Application
11.4.1. Offshore
11.4.2. Onshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wind Power Transmission Equipment Market Size and Volume Forecast by Type
11.7.1. Gearbox
11.7.2. Coupling
11.7.3. Other
11.8. Basis Point Shae (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wind Power Transmission Equipment Demand Share, 2019-2026
12. Asia Pacific Wind Power Transmission Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wind Power Transmission Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wind Power Transmission Equipment Market Size and Volume Forecast by Application
12.4.1. Offshore
12.4.2. Onshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wind Power Transmission Equipment Market Size and Volume Forecast by Type
12.7.1. Gearbox
12.7.2. Coupling
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wind Power Transmission Equipment Demand Share, 2019-2026
13. Middle East & Africa Wind Power Transmission Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wind Power Transmission Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wind Power Transmission Equipment Market Size and Volume Forecast by Application
13.4.1. Offshore
13.4.2. Onshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wind Power Transmission Equipment Market Size and Volume Forecast by Type
13.7.1. Gearbox
13.7.2. Coupling
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wind Power Transmission Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wind Power Transmission Equipment Market: Market Share Analysis
14.2. Wind Power Transmission Equipment Distributors and Customers
14.3. Wind Power Transmission Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vestas
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gamesa Corporacion Tecnologica
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Suzlon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sinovel Wind
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Enercon GmbH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Entegrity Wind Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yaskawa
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Adwen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nordex Acciona
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. United Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
