Mar 2, 2019
Wind Turbine Gearbox Market 2019 Industry Research Report is a professional and in-depth study on the current state of the Global Wind Turbine Gearbox industry. This report studies Wind Turbine Gearbox in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India.
Pune, India - March 1, 2019 /MarketersMedia/ —
Wind Turbine Gearbox Market 2019 Industry Research Report is a professional and in-depth study on the current state of the Global Wind Turbine Gearbox industry. This report studies Wind Turbine Gearbox in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India with production, revenue, consumption, import and export in these regions, from 2019 with forecast to 2023. Report Analyzes Global Wind Turbine Gearbox Market Historic and Forecast data by segments, key country, and region.
Wind Turbine Gearbox Market Key Players Analyzed in Report are:
Noteworthy players in the wind turbine gearbox market include Siemens Gamesa Renewable Energy S.A. (Spain), Winergy AG (Germany), China High Speed Transmission Equipment Group Co. Ltd. (China), ZF Friedrichshafen (Germany), Chongqing Gearbox Co., Ltd. (China), Eickhoff Antriebstechnik GmbH (Germany), ISHIBASHI Manufacturing Co. Ltd. (Japan), and RENK AG (Germany).
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The Global Wind Turbine Gearbox Market is expected to exhibit at a 6.46% CAGR, on the basis of value, from 2019 to 2025 (forecast period), as per the latest report by Market Research Future (MRFR) owing to exigencies of energy from renewable sources. Wind turbine gearboxes are essential components within wind turbines which increases its rotational speed. Manufacturers are rapdily changing their designs of gearbox to increase its resistance according to loading and environmental conditions.
The market is driven by increasing energy consumption demands globally. Investments in wind turbines for capturing energy owing to its cost-effectiveness and energy-efficiency is forecasted to spur the market growth over the forecast period. Moreover, government support for renewable energy projects can positively impact the market. This is substantiated by low wind power generation costs and attractive returns ensured by onshore wind projects.
Market Segmentation:
By type, the wind turbine gearbox market is segmented into main gearbox, yaw gearbox, and others. By application, it is segmented into offshore and onshore wind power. By installation type, it is segmented into new and replacement.
On the basis of capacity, the market is segmented into 1.5 MW-3 MW, up to 1.5 MW, and over 3 MW. The segments covered in the wind turbine gearbox market report are analyzed with respect to five regions namely North America, South America, the Middle East & Africa (MEA), Asia Pacific (APAC), and Europe. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market standings.
Regional Analysis:
In the latest report by MRFR, the renewable energy market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America. APAC is expected to garner the largest market share for renewable energy because of the rising demand for renewable energy due to the growing population in the region, as well as increased per capita disposable income. According to the International Renewable Energy Agency, Asia accounted for two-thirds of the global increase in renewable generating capacity in 2017. China and India have been major contributors in the region, with the renewable capacity of Asia Pacific doubling over the last 5 years.
APAC-based countries are focusing on renewable energy sources such as wind, solar energy, bioenergy, and hydropower because of rising environmental concerns, volatility in prices, and supply security. Asia Pacific alone is estimated to have contributed 42% of the global solar capacity in 2017. During the same year, North America contributed 20% of the total electricity generated, globally. Economic growth in this region is projected to drive the demand for electricity during the forecast timeline.
The National Administration of China stated that the installed PV capacity was 77.42 GW and solar plants in the country generated 66.2 billion kilowatt-hours of power in 2016. Another factor driving the market is China s plans to add 110 GW of solar power within the next three years. Moreover, China plans on increasing the share of renewable energy in the electricity generation mix from 7% in 2015, to 67% in 2050, driving tremendous growth in the renewable energy market.
List of Tables:
TABLE MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 VOLUME OF WIND TURBINE GEARBOX, BY TYPE, 2013-2025 (UNITS)
TABLE 4 GLOBAL WIND TURBINE GEARBOX MARKET, BY APPLICATION, 2013-2025 (USD MILLION)
TABLE 5 VOLUME OF WIND TURBINE GEARBOX, BY APPLICATION, 2013-2025 (UNITS)
TABLE 6 GLOBAL WIND TURBINE GEARBOX MARKET, BY INSTALLATION TYPE, 2013-2025 (USD MILLION)
TABLE 7 VOLUME OF WIND TURBINE GEARBOX, BY INSTALLATION TYPE, 2013-2025 (UNITS)
Continued
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
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Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
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Website: https://www.marketresearchfuture.com/reports/wind-turbine-gearbox-market-6616
Source: MarketersMedia
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