FEATURED COMPANIES
- Amsoil
- Castrol
- DOW Corning
- ExxonMobil
- Indian Oil Corporation
- Kluber Lubrication
Increasing installation projects of wind turbines, coupled with increasing favorable government regulations to support adoption of renewable energy sources is expected to boost demand for lubricants thereby driving market revenue growth.
Market Size - USD 142.97 Billion in 2020, Market Growth - CAGR of 8.1%, Market Trends - Rising investment in R&D of technologically advanced products to expand product offerings
The global lubricants for wind turbine market size is expected to reach USD 265.02 Billion in 2028, and register a CAGR of 8.1% during the forecast period. Increasing adoption of wind energy globally due to rising awareness regarding efficiency of renewable energy sources, coupled with growing awareness towards GHG emissions and energy security are some of the major factors expected to drive growth of the global lubricants for wind turbine market.
Some Key Findings From the Report:
For the purpose of this report, the global lubricants for wind turbine market is segmented on the basis of lubricant type, oil replacement cycle, turbine component, application, and region:
Lubricant Type Outlook (Revenue, USD Billion; 2018 - 2028)
Oil Replacement Cycle Outlook (Revenue, USD Billion; 2018 - 2028)
Turbine Component Outlook (Revenue, USD Billion; 2018 - 2028)
Application Outlook (Revenue, USD Billion; 2018 - 2028)
Region Outlook (Revenue, USD Billion; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 142.97 Billion in 2020, Market Growth - CAGR of 8.1%, Market Trends - Rising investment in R&D of technologically advanced products to expand product offerings
The global lubricants for wind turbine market size is expected to reach USD 265.02 Billion in 2028, and register a CAGR of 8.1% during the forecast period. Increasing adoption of wind energy globally due to rising awareness regarding efficiency of renewable energy sources, coupled with growing awareness towards GHG emissions and energy security are some of the major factors expected to drive growth of the global lubricants for wind turbine market.
Some Key Findings From the Report:
- Among the application segments, the offshore segment accounted for the largest revenue share of 50.4% in 2020.
- Among the lubricant type segments, the gear oil segment accounted for major revenue share in 2020. Demand for gear oil lubricants is expected to increase at a significant rate due to increasing contact pressures in wind turbines, and ability of gear oil lubricants to extend life span of turbines. This is a major factor expected to drive revenue growth of this segment.
- Europe market accounted for the largest revenue share in the global market in 2020, and is expected to register a robust revenue growth rate during the forecast period.
- The Asia Pacific market size was USD 69.21 Billion in 2020, due to presence of major lubricant manufacturer operating in countries in the region.
- Key players profiled in the report include Castrol, Kluber Lubrication, DOW Corning, Shell, Indian Oil Corporation, ExxonMobil and Amsoil. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In 2018, ExxonMobil installed between 100 and 250 megawatts of delivered solar or wind power in Texas.
For the purpose of this report, the global lubricants for wind turbine market is segmented on the basis of lubricant type, oil replacement cycle, turbine component, application, and region:
Lubricant Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Gear Oil
- Grease
- Hydraulic Fluid
Oil Replacement Cycle Outlook (Revenue, USD Billion; 2018 - 2028)
- 6 - 12 months
- 12 months and above
Turbine Component Outlook (Revenue, USD Billion; 2018 - 2028)
- Blade
- Rotors
- JAW
- Gearbox
- Others
Application Outlook (Revenue, USD Billion; 2018 - 2028)
- Onshore
- Offshore
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Lubricants for Wind Turbine Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Lubricants for Wind Turbine Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
FEATURED COMPANIES
- Amsoil
- Castrol
- DOW Corning
- ExxonMobil
- Indian Oil Corporation
- Kluber Lubrication
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Lubricants for Wind Turbine Market Segmentation & Impact Analysis
Chapter 5. Lubricants for Wind Turbines Market By Lubricant Type Insights & Trends
Chapter 6. Lubricants for Wind Turbines Market By Oil Replacement Cycle Insights & Trends
Chapter 7. Lubricants for Wind Turbines Market By Turbine Component Insights & Trends
Chapter 8. Lubricants for Wind Turbines Market By Application Insights & Trends
Chapter 9. Lubricants for Wind Turbines Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
- Castrol
- Kluber Lubrication
- DOW Corning
- Shell
- Indian Oil Corporation
- ExxonMobil
- Amsoil