Sep 14, 2017 4:25 AM ET

Wind Gearbox & Direct-Drive Market to Hit USD 20 Billion by 2021 Propelled by Higher Failure Rates of Wind Gearbox Components

iCrowdNewswire - Sep 14, 2017

On average, close to 11.3 GW of direct-drive wind turbine capacity were added year-on-year between 2011 and 2016. However, an average of around 15.7 GW of direct-drive wind turbine capacity is estimated to be added year-on-year between 2017 and 2021. The market is witnessing an uptake in the direct-drive technology due to higher failure rates in some of the wind gearbox components.

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Wind Gearbox and Direct-Drive, Update 2017

 

 

Some 67% of wind gearbox failures are due to bearings. The axial cracks formed during high- or intermediate-speed stages are the leading cause of bearing failures. The other most common failure is due to gears. This component fails because of poor lubrication, heavy load, tooth interface, breakage in gear teeth, misalignment, lack of gearbox housing compliances, and surface factures.

The other general reasons for failure are inappropriate design in gearbox unit, extreme weather situations, underestimated design load, torque load, manufacturing errors, misalignment of component in shaft, damage during transportation and assembling or installation, etc.

Wind Gearbox and Direct-Drive, Update 2017 – Global Market Size, Competitive Landscape, and Key Country Analysis to 2021 offer comprehensive information and understanding of the global wind gearbox and direct-drive market. The report analysis the current trend and future potential of wind gearbox and direct-drive market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa (EMEA)) and key countries (the US, Canada, Brazil, India, China, Australia, Germany, France, South Africa, and the UK) level.

The eight major countries in the world accounted for 80% of the global cumulative wind capacity installations in 2016. In terms of cumulative installed capacity, China is the largest player and contributed 34.2% to the global wind power capacity, followed by the US with 16.9%.

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Gearbox is the equipment that connects blades to the turbine, and it is this which, combined with a generator, generates electricity from wind energy. The main types of gearbox used in the wind industry are planetary gearboxes and helical gearboxes.The value of the global gearbox market increased from $3.42 billion in 2011 at a Compound Annual Growth Rate (CAGR) of 3.2% till 2016. The main reason for the growth was due to the increase in annual wind capacity additions primarily in the Asia-Pacific region.

During the forecast period, the average cost of a gearbox unit is expected to decline due to economies of scale and maturity of wind gearbox technology. As a result, the value of the global wind gearbox market is expected to decline at a negative CAGR of 2.5% between 2016 and 2021. The market is dominated by independent wind gearbox suppliers, namely China High Speed Transmission Equipment, ZF Wind, and Winergy.

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The report covers, an insight into the market in terms of value and volume for the historic period 2011-2016 and forecast period 2017-2021, drivers and restraints, key projects and competitive landscape for respective countries. The report is written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData’s team of industry experts.

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On a related note, a latest report on Hybrid Solar Wind Market Size By Product (Standalone, Grid connected), End Use (Residential, Commercial, Industrial), Price Trends, Competitive Market Share & Forecast, 2016 – 2024 has been added to Market Study Report.

According to the research, Hybrid Solar Wind Market size is expected to reach USD 1.47 billion by 2024. Decreasing wind and solar component cost associated with increasing clean fuel energy demand will drive the global hybrid solar wind market size.

U.S. hybrid solar wind market size was valued at USD195 million in 2015 and is estimated to reach over USD 300 million by 2024.Government incentives such as tax rebate and increasing emphasis on renewable energy have encouraged regional industry growth.

Major participants in the industry are Grupo Dragon, ReGen Powertech, Polar Power, Inc, Supernova Technologies Private Limited, Blue Pacific Solar Product, Gamesa, UNITRON, Zenith System, Alternate Energy Company, Alpha Windmills.

Read the full description of this report at: https://www.marketstudyreport.com/reports/hybrid-solar-wind-market/?utm_source=iCrowd-CC

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