“Global Wind Turbine Gearbox Repair & Refurbishment Market size”2020 has covered and analyzed the potential of Worldwide Wind Turbine Gearbox Repair & Refurbishment Industry and provides statistics and information on market dynamics, growth factors, key challenges, major drivers & restraints, opportunities and forecast. This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Gearbox Repair & Refurbishment market 2020 by product type, application, key manufacturers and key regions and countries.
Global “Wind Turbine Gearbox Repair and Refurbishment Market” Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Wind Turbine Gearbox Repair and Refurbishment in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India.Wind Turbine Gearbox Repair and Refurbishment Market report categorizes the market based on manufacturers, regions, type, and application. Wind Turbine Gearbox Repair and Refurbishment Market reports offer a detailed assessment of the Wind Turbine Gearbox Repair and Refurbishment including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Wind Turbine Gearbox Repair and Refurbishment market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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Wind turbine gearbox is one of the components used in wind turbines. Gearbox in wind turbines help increase the rotational speed of the shaft. Gearbox connects the low-speed shaft to the high-speed shaft, in order to increase the rotation per minute (rpm) of the shaft. It helps increase the rotational speed from about 30 60 rpm to desired 1,000 1,800 rpm by the generator, in order to produce electricity. The cost of gearbox, along with its repair and refurbishment has been high, previously. However, its cost has been declining over the years, due to increasing number of wind farms around the globe. The rising concerns related to environment have led to increase in the number of wind farms around the world. In addition, to reduce energy dependency on other countries, governments, across the world, have been setting targets to develop renewable energy infrastructure for their countries. Countries across the world offer various incentives, schemes, and concessions to developers, which has noticeably increased the wind energy infrastructure, worldwide. Hence, with the increasing number of wind energy infrastructure, repair and refurbishment requirements are also expected to increase, driving the global wind turbine gearbox repair and refurbishment market.Growing New Wind Capacity Additions – Driving the MarketSince 2011, the cumulative wind capacity has almost doubled from 238 GW to 487 GW in 2016. Wind turbine gearboxes, using high-speed shaft systems and helical gears, are most often prone to failure and need periodic repair and refurbishment. Hence, with the growing wind capacity additions, the demand for repair and refurbishment of the wind energy infrastructure is expected to witness significant growth in the coming years.Asia-Pacific to Dominate the MarketAsia-Pacific accounts for the largest and fastest-growing market for wind turbine gearbox repair and refurbishment. It is likely to continue dominating the market during the forecast period, due to the upcoming wind projects in the region. China is the biggest producer of wind energy in the world. China has further planned to construct more than ten offshore wind farms this year in Guangdong Province, with overall installed capacity of 3.65GW. Along with this, the Indian government has planned to auction 5 GW offshore wind power capacities in 2018. All such upcoming projects, adding to the wind energy infrastructure, are likely to increase the wind turbine gearbox repair and refurbishment requirement in the coming years, further adding to the growth of the market.The United States to Register High DemandThe United States installed 2000 MW of wind energy during the first quarter of 2017. The wind power capacity is currently 84,143 MW across 41 states in the country. In 2017, 9,025 MW of wind capacity were under construction and 11,952 MW were in advanced development stages in the. Assuming the repair and refurbishment requirement of the wind turbine gearboxes to be around five years, the immediately addressable market is in the range of 60 GW. However, the market for repair and refurbishment of wind turbine gearbox is likely to surge in the US market.
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Finally, the report Global Wind Turbine Gearbox Repair and Refurbishment Market 2020 describes the Wind Turbine Gearbox Repair and Refurbishment industry expansion game plan, the Wind Turbine Gearbox Repair and Refurbishment industry knowledge supply, appendix, analysis findings, and the conclusion.
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