Europe Wind Turbine Bearings Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4520282
  • Report
  • Region: Europe
  • 92 pages
  • Mordor Intelligence
1 of 4

FEATURED COMPANIES

  • Laulagun Bearings
  • NSK Ltd
  • NTN Bearing
  • Rollix
  • Schaeffler Group
  • SKF
  • MORE
Demand for wind turbines has been increasing, due to the rise in the number of wind turbine installations, across the world. It permits the positioning of one part with respect to another in such a way that relative movement is possible, coming into play in different parts of the turbine. The total net installed capacity in Europe stood at 169 gigawatt in 2017, which is the second-largest form of power generation in Europe.

Wind turbine bearings are intended to withstand extraordinary temperatures, load fluctuations, support access, and grease enhancement. Developments and improvement in the field of wind power generation, vast number of wind installation projects, and rise in demand for effective wind turbine components are driving the wind turbine bearings market. The other factors, such as adoption of Industrial Internet of things based smart bearings, increment in government activities and policies worldwide to support the installation of wind turbines, increment in application of high capacity bearing in wind turbines, rise in energy consumption, will propel the demand for the wind turbines bearings market during the forecast period.

Increase in wind Installation Projects in the Region

Clean energy investments in Europe is receiving huge impetus from the governments in the region, with intentions to reduce green-house gas emissions in the region. In 2017, the total capacity of wind energy projects that reached final investment decision in Europe stood at 11.5 gigawatt, which had a value of EUR 22.3 billion. The installation of offshore wind energy projects is likely increase in the region on account of the huge potential that would promulgate the wind turbine bearings market in Europe, during the forecast period.

European Bearing Market Continues to Grow

The European bearing market is showing healthy growth because of use of more sophisticated bearings, with improved performance and growing demand for bearings with longer service life, more noteworthy load capacities, higher productivity, and lower support requirements. The acceptance of Industrial Internet of things (IIOT)-based smart bearings, which can self-analyze approaching shortcomings and failures is anticipated to witness growth in the wind energy sector. In the renewable power segment, spherical bearings for wind turbines rotor blades and cylindrical roller bearings for generators are expected to be the differentiating product segments that offer opportunities for high-quality bearing suppliers.

Key Developments in the Market
  • March 2018: GE installed 1st offshore wind turbine at Merkur Windfarm in Germany.
The major players include - Dalian Metallurgical Bearing Co. Ltd., SKF, The Timken Company, TMB, NSK Ltd, amongst others.

Reasons to Purchase this Report
  • Current and future Europe wind turbine bearings market outlook in the developed and emerging nations
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Segment that is expected to dominate the market
  • Countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

This report can be customized to meet your requirements. Please contact us for more information.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Laulagun Bearings
  • NSK Ltd
  • NTN Bearing
  • Rollix
  • Schaeffler Group
  • SKF
  • MORE
1. Executive Summary

2. Research Methodology

3. Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast Until 2023
3.3 Recent Trends and Developments

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities

5. Value Chain Analysis

6. Industry Attractiveness - Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Intensity of Competitive Rivalry

7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Application
7.1.1 Gearbox
7.1.2 Rotor Shaft
7.1.3 Generator
7.1.4 Pitch and Yaw
7.2 By Deployment
7.2.1 Onshore
7.2.2 Offshore
7.3 By Turbine Capacity
7.3.1 Low
7.3.2 Medium
7.3.3 High

8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
8.1 Germany
8.2 France
8.3 Italy
8.3 United Kingdom
8.4 Rest of Europe

9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)
9.1 Dalian Metallurgical Bearing Co. Ltd
9.2 SKF
9.3 The Timken Company
9.4 TMB
9.5 NSK Ltd
9.6 NTN Bearing
9.7 Rollix
9.8 Laulagun Bearings
9.9 Schaeffler Group

10. Competitive Landscape
10.1 Mergers and Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Players

11. Disclaimer
*List of companies is not exhaustive
**Subject to availability on public domain
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Dalian Metallurgical Bearing Co. Ltd.
  • SKF
  • The Timken Company
  • TMB
  • NSK Ltd
  • NTN Bearing
  • Rollix
  • Laulagun Bearings
  • Schaeffler Group
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll