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The wind turbine gearbox market is forecasted to grow by USD 4.66 billion during 2024-2029, accelerating at a CAGR of 6.3% during the forecast period. The report on the wind turbine gearbox market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising height and capacity of wind towers, decline in levelized cost of electricity (LCoE) of wind power generation, and increase in offshore wind energy installations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The wind turbine gearbox market is segmented as below:
By Type
- Replacement
- New
By Application
- Onshore
- Offshore
By Component
- Planetary gearboxes
- Helical gearboxes
- Bevel gearboxes
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the wind turbine gearbox market covers the following areas:
- Wind Turbine Gearbox Market sizing
- Wind Turbine Gearbox Market forecast
- Wind Turbine Gearbox Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Market Segmentation by Component
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global wind turbine gearbox market: Bonfiglioli Riduttori Spa, Dana Inc., Elecon Engineering Co. Ltd., Flender GmbH, Gebr. Eickhoff Maschinenfabrik and Eisengiesserei GmbH, General Electric Co., Hottinger Bruel and Kjaer GmbH, ISHIBASHI Manufacturing Co. Ltd., ME Production Aps, Moventas Gears Oy, Nord Gear Ltd., Shandong Qingneng Power Co. Ltd., Siemens AG, Suzlon Energy Ltd., Voith GmbH and Co. KGaA, ZF Friedrichshafen AG, and ZOLLERN GmbH and Co. KG.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is decline in cost of gearboxes used in wind power generation."
According to the report, one of the major drivers for this market is the rising height and capacity of wind towers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bonfiglioli Riduttori Spa
- Dana Inc.
- Elecon Engineering Co. Ltd.
- Flender GmbH
- Gebr. Eickhoff Maschinenfabrik and Eisengiesserei GmbH
- General Electric Co.
- Hottinger Bruel and Kjaer GmbH
- ISHIBASHI Manufacturing Co. Ltd.
- ME Production Aps
- Moventas Gears Oy
- Nord Gear Ltd.
- Shandong Qingneng Power Co. Ltd.
- Siemens AG
- Suzlon Energy Ltd.
- Voith GmbH and Co. KGaA
- ZF Friedrichshafen AG
- ZOLLERN GmbH and Co. KG
