WiseGuyReports.Com Publish a New Market Research Report On –“ Wind Turbine Gearbox Market to 2025 – Global Analysis and Forecasts by Types, Technologies, Applications and End-User Verticals”.
Wind Turbine Gearbox Industry 2019
Wind power is a prominent source of renewable energy owing to its effectiveness and efficiency. The wind turbine gearbox is an important component of the wind turbines. The wind turbine gearbox helps in enhancing the rotational speed of the turbines. Gearboxes also ensure the effective transfer of energy between the generator and the impeller. The wind turbine gearbox does not switch the gears but maintains a single gear ration between the generator and the rotor rotation.
The increase in the number of wind turbines in the global space is a major factor responsible for the growth of the wind turbine gearbox market. The rise in the demand for clean energy propels the market growth across the globe. The increasing government support and low cost of wind technology are other factors that drive the growth of the global wind turbine gearbox market. The growing investment in the wind turbine for power generation will propel the market growth in the coming years.
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Major Key Players Analysis
China High Speed Transmission Equipment Group Co. Ltd. (China), Siemens Gamesa Renewable Energy S.A. (Spain), Winergy AG (Germany), ZF Friedrichshafen (Germany), Chongqing Gearbox Co., Ltd. (China), Eickhoff Antriebstechnik GmbH (Germany), and others are some of the major players operating in the global wind turbine gearbox market.
The preference for wind power is increasing owing to its efficiency in energy generation and cost-effectiveness. The increase in the number of renewable energy products is expected to positively impact the market growth of wind turbine gearbox across the globe. The introduction of products with high storage capacities is the recent trend of the global market. The global wind turbine gearbox market is expected to register a growth of 6.46% CAGR by the forecast period of 2019 to 2025.
Global Market Segmentation
The global market of wind turbine gearbox is fragmented based on type, application, capacity, installation type, and geographical region.
Depending on the type, the global market is segregated into the main gearbox, yaw gearbox, and other types.
Based on the application, the global market includes offshore wind power and onshore wind power.
Depending on the capacity, the global wind turbine gearbox market is divided into up to 1.5 MW, 1.5 MV – 3MV, and over 3 MV.
Based on the installation type, the global market is segmented into new and replacement. The market segment of the new installation is high in the current global market. But the wind turbine gearbox replacement segment is expected to witness growth in the coming years.
Depending on the geographical region, the global wind turbine gearbox market is divided into the Europe region, the Middle East and Africa region, the North America region, the Asia Pacific region, and the South America region.
North America is the most significant region in the global market of wind turbine gearbox. Europe is anticipated to witness the fastest growth in the global market. Asia Pacific region is a significant segment that creates investment opportunities in the wind turbine gearbox market. The Middle East and Africa regions are estimated to experience sluggish growth during the forecast period.
Recently, Moventas, a leading player in the industry, launched the all-new Exceed Evo high-performance gearbox. The Exceed Evo wind turbine gearbox is designed to offer a high-quality solution and outstanding performance. Based on the high-quality technology, the gearbox offers a competitive edge to the OEMs of the wind turbine.
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Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Wind Turbine Gearbox Market by Type
7 Global Wind Turbine Gearbox Market by Application
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