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Wind Turbine Bearings - Global Strategic Business Report

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    Report

  • 239 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140016
The global market for Wind Turbine Bearings is estimated at US$16.1 Billion in 2023 and is projected to reach US$27.9 Billion by 2030, growing at a CAGR of 7.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the On-Shore application segment, which is expected to reach US$21.4 Billion by 2030 with a CAGR of 7%. The Off-Shore application segment is also set to grow at 7.6% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 8.4% CAGR to reach $7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Wind Turbine Bearings Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Wind Turbine Bearings Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Wind Turbine Bearings Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as AB SKF, Dalian Metallurgical Bearing Co. Ltd., Defontaine SAS - Rollix, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 49 Featured):

  • AB SKF
  • Dalian Metallurgical Bearing Co. Ltd.
  • Defontaine SAS - Rollix
  • IMO Antriebseinheit GmbH & Co. KG
  • Kaydon Corporation
  • Liebherr-International AG
  • NSK Ltd.
  • NTN Corporation
  • Schaeffler Technologies AG & Co. KG
  • The Timken Company
  • thyssenkrupp rothe erde Germany GmbH
  • Zhejiang Tianma Bearing Group Co., Ltd

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Competitive Scenario
  • Collaboration as Key to Unlock Reliability & Performance Gains for Wind Turbines
  • Select Innovations
  • Wind Turbine Bearings - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Turbines: Enhancing the Performance of Power Generation
  • Global Market Prospects & Outlook
  • Analysis by Application
  • World Wind Turbine Bearings Market by Application (2023 & 2030): Percentage Breakdown of Sales for On-Shore, and Off-Shore
  • Regional Analysis
  • World Wind Turbine Bearings Market (2023 & 2030): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Wind Turbine Bearings Market - Geographic Regions Ranked by CAGR (Sales) for 2022-2030: China, Asia-Pacific, Latin America, Rest of World, USA, Canada, Europe, and Japan
  • Wind Energy and Wind Turbines: An Overview
  • Wind Turbine Design
  • Wind Energy and Wind Turbines: NoTable Facts
  • Bearings: Essential Anti-Friction Parts in Modern Mechanical Machinery
  • Bearings and Major Applications
  • Wind Turbine Bearings: An Introduction
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Energy Sector: Pandemic Brings Numerous Challenges to Wind Energy Sector
  • Global Energy Market Growth Outlook (In %) for Years 2019 through 2025
  • Opportunities for the Power & Energy Sector in the Post-Pandemic Era
  • Growing Focus on Renewable Energy: A Strong Growth Driver
  • Leading Wind Power Countries Worldwide: Ranking Based on Key Wind Power Facts
  • World Installed Base of Wind Energy (in Megawatts) by Geographic Region: 2018, 2021 & 2024
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Electricity Demand Patterns to Drive Growth for Wind Energy: Application-Specific Bearings Gain Momentum
  • Projected Global Demand for Electricity (MWh): 2015, 2025, & 2035
  • Change in Gross Electricity Demand in TWh for 2017-50
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • Wind Arena Witnesses Winds of Change with Turbine Standardization & Modularization
  • Rapid Urbanization: A Mega Growth Driver for Wind Energy and Turbines
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, and 2050
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050
  • World Population Urbanization Rate (%) by Region/Country: 2016 & 2040
  • Smart Cities & Smart Grids Elevate the Prospects for Wind Energy and Turbines
  • Global Smart Grid Market (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Global Market for Smart Grids (in US$ Billion) for the Years 2020
  • Advent of Bearings with Sensors Drives Growth
  • Bearings, IIoT & Predictive Maintenance
  • Market to Witness Unconventional Growth for Smart Bearings as Adoption of Predictive Analytics in Failure & Maintenance Rises on the Back of IIoT: Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2020, 2022, 2024, and 2026
  • Focus on Lightweighting Has Manufacturers Looking Beyond Steel
  • Wind Turbine Manufacturing Next Level with Next-Generation Bearings
  • Sophisticated Bearing Solutions Storming into Wind Turbine Space
  • Wind Energy Industry Runs Like a Wind with Tapered Roller Bearings for Turbines
  • Sail Ahoy Moment for Wind Energy with Innovative Gearbox Roller Bearings
  • Need to Bring Down Levelized Cost of Wind Power Sets Ideal Stage for Advanced Rolling Bearings
  • Black Oxide Bearings is the New Black for Reliable Wind Energy Operations
  • Bearing Failures in Wind Turbines: A Major Challenge to Overcome
  • Ultrasound Devices for Detecting Issues with Turbine Blade Bearings
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Wind Turbine Bearings Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Wind Turbine Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Wind Turbine Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Wind Turbine Bearings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for On-Shore by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for On-Shore by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for On-Shore by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Off-Shore by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Off-Shore by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Off-Shore by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Wind Turbine Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 11: USA Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 12: USA Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: USA 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
CANADA
  • Table 14: Canada Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 15: Canada Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: Canada 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
JAPAN
  • Wind Turbine Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 17: Japan Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 18: Japan Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: Japan 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
CHINA
  • Wind Turbine Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 20: China Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: China Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: China 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
EUROPE
  • Wind Turbine Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 23: Europe Recent Past, Current & Future Analysis for Wind Turbine Bearings by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: Europe Historic Review for Wind Turbine Bearings by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: Europe 16-Year Perspective for Wind Turbine Bearings by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • Table 26: Europe Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Europe Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 28: Europe 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
FRANCE
  • Table 29: France Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 30: France Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 31: France 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
GERMANY
  • Table 32: Germany Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: Germany Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 34: Germany 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
ITALY
  • Table 35: Italy Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 36: Italy Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 37: Italy 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • Table 38: UK Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 39: UK Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 40: UK 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
SPAIN
  • Table 41: Spain Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 42: Spain Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 43: Spain 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
RUSSIA
  • Table 44: Russia Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Russia Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 46: Russia 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
REST OF EUROPE
  • Table 47: Rest of Europe Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 48: Rest of Europe Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 49: Rest of Europe 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Wind Turbine Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 50: Asia-Pacific Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: Asia-Pacific Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 52: Asia-Pacific 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
LATIN AMERICA
  • Wind Turbine Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • Table 53: Latin America Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 54: Latin America Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 55: Latin America 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
REST OF WORLD
  • Table 56: Rest of World Recent Past, Current & Future Analysis for Wind Turbine Bearings by Application - On-Shore and Off-Shore - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 57: Rest of World Historic Review for Wind Turbine Bearings by Application - On-Shore and Off-Shore Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 58: Rest of World 16-Year Perspective for Wind Turbine Bearings by Application - Percentage Breakdown of Value Sales for On-Shore and Off-Shore for the Years 2014, 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AB SKF
  • Dalian Metallurgical Bearing Co. Ltd.
  • Defontaine SAS - Rollix
  • IMO Antriebseinheit GmbH & Co. KG
  • Kaydon Corporation
  • Liebherr-International AG
  • NSK Ltd.
  • NTN Corporation
  • Schaeffler Technologies AG & Co. KG
  • The Timken Company
  • thyssenkrupp rothe erde Germany GmbH
  • Zhejiang Tianma Bearing Group Co., Ltd

Table Information