Wind Turbine Gearbox Market Introduction and Overview
According to SPER Market Research, the Global Wind Turbine Gearbox Market is estimated to reach USD 47.63 billion by 2033 with a CAGR of 7.91%.
The report includes an in-depth analysis of the Global Wind Turbine Gearbox Market, including market size and trends, product mix, distribution channels, and supplier analysis. A wind turbine is a device that converts the kinetic energy of the wind into electrical energy. These turbines come in various sizes and can have either vertical or horizontal axes. When numerous large turbines are installed together, they form a wind farm. To generate electricity, a wind turbine employs a rotor connected to a gearbox drive motor. Traditionally, gearboxes are used to slow down the rotational speed while increasing the torque power in the main shaft, which is beneficial for the generator. In utility-scale wind turbines, three-stage gearboxes are commonly utilized, with the first stage being a planetary drive and the subsequent two stages employing helical gears.
- June 2022: Eickhoff Wind Asia, a subsidiary of Germany's Gebr Eickhoff Maschinenfabrik u. Eisengießerei GmbH, has launched a modern manufacturing plant close to Chennai. This facility strengthens Eickhoff's Asian operations, with a focus on assembling, storing, and testing wind gearboxes up to 8 MW capacity.
- March 2022: SKF has introduced ground breaking improvements in rolling bearing technology that allow for significant reductions in drivetrain weight. This achievement not only leads to substantial cost savings but also opens the potential for increased power output. Additionally, these advancements make it feasible to consider larger onshore turbines without exceeding transportation restrictions.
Market Opportunities and Challenges
Significant potential and difficulties are presented by the global market for wind turbine gearbox.
Opportunities:
- Increased Wind Energy Installations: The installation of wind turbines is being driven by the increased demand for renewable energy sources, particularly wind power. The need for wind turbine gearboxes to service these installations grows as more wind farms are built.
- Technological Developments: Ongoing research and development activities are producing novel gearbox designs with increased effectiveness, sturdiness, and dependability. Gearbox manufacturers can take advantage of these technological developments to draw in more clients and improve their position in the market.
Challenges:
- Gearbox Reliability and Maintenance: Gearboxes used in wind turbines function under difficult circumstances under continual loads and pressures. High maintenance costs can have an adverse effect on the overall financial success of wind farm operations, and ensuring the dependability and durability of gearboxes remains a concern.
- Supply Chain Restrictions: The wind turbine industry has occasionally faced supply chain interruptions that have a negative impact on the accessibility of vital components, such as gearboxes. In order to satisfy market needs and prevent delays, the supply chain must be managed effectively.
Wind Turbine Gearbox Market
Market Competitive Landscape
The global wind turbine gearbox market is characterized by significant fragmentation, with numerous regional and international companies competing. Key players are actively engaging in both organic and inorganic strategies to solidify their market presence worldwide. Many companies are focusing on improving their production capabilities by introducing innovative technologies for wind turbines and gearboxes. The key players in the Global Wind Turbine Gearbox market include China High Speed Transmission Equipment Group Co. Ltd., Chongqing Gearbox Co. Ltd., Eickhoff Antriebstechnik GmbH, ISHIBASHI Manufacturing Co. Ltd., RENK AG, Siemens Gamesa Renewable Energy S.A., Winergy AG, ZF Friedrichshafen, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application, By Installation Type, By Capacity
|
| Regions covered | Asia-Pacific, Middle East and Africa, Europe, North America, Latin America
|
| Companies Covered | China High Speed Transmission Equipment Group Co. Ltd., Chongqing Gearbox Co. Ltd., Eickhoff Antriebstechnik GmbH, ISHIBASHI Manufacturing Co. Ltd., RENK AG, Siemens Gamesa Renewable Energy S.A., Winergy AG, ZF Friedrichshafen, Others
|
COVID-19 Impact on Global Wind Turbine Gearbox Market
The COVID-19 pandemic has had a severe impact on the global wind turbine gearbox market. Government-enforced lockdowns resulted in the closure of major businesses, leading to a significant decline in energy demand worldwide. Consequently, the demand for wind turbine gearboxes decreased, adversely affecting market growth. Furthermore, the pandemic-induced delays in developing new power generation projects also contributed to the slowdown in the global wind turbine gearbox market. The combination of reduced energy demand and project delays created substantial challenges for the industry during the outbreak of the global pandemic.
Key Target Audience:
- Consultants and Industry Experts
- Engineers and Technicians
- Environmental Organizations
- Investors and Financial Institutions
- Maintenance Service Providers
- Procurement Managers
- Renewable Energy Regulators and Government Officials
- Research and Development Teams
- Wind Farm Developers and Owners
- Wind Turbine Manufacturers
- Others
Our in-depth analysis of the Wind Turbine Gearbox Market includes the following segments:
|
By Type:
|
Main Gearbox
Yaw Gearbox
|
|
By Application:
|
Offshore
Onshore
|
|
By Installation Type:
|
New
Replacement
|
|
By Capacity:
|
5 MW-3 MW
Upto 1.5 MW
Over 3 MW
|
Key Topics Covered in the Report:
- Global Wind Turbine Gearbox Market Size (FY’2023-FY’2033)
- Overview of Global Wind Turbine Gearbox Market
- Segmentation of Global Wind Turbine Gearbox Market By Type (Main Gearbox, Yaw Gearbox, Others)
- Segmentation of Global Wind Turbine Gearbox Market By Application (Offshore, Onshore)
- Segmentation of Global Wind Turbine Gearbox Market By Installation Type (New, Replacement)
- Segmentation of Global Wind Turbine Gearbox Market By Capacity (5 MW-3 MW, Upto 1.5 MW, Over 3 MW)
- Statistical Snap of Global Wind Turbine Gearbox Market
- Expansion Analysis of Global Wind Turbine Gearbox Market
- Problems and Obstacles in Global Wind Turbine Gearbox Market
- Competitive Landscape in the Global Wind Turbine Gearbox Market
- Impact of COVID-19 and Demonetization on Global Wind Turbine Gearbox Market
- Details on Current Investment in Global Wind Turbine Gearbox Market
- Competitive Analysis of Global Wind Turbine Gearbox Market
- Prominent Players in the Global Wind Turbine Gearbox Market
- SWOT Analysis of Global Wind Turbine Gearbox Market
- Global Wind Turbine Gearbox Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Wind Turbine Gearbox Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Wind Turbine Gearbox Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wind Turbine Gearbox Market
7. Global Wind Turbine Gearbox Market, By Type (USD Million)
7.1. Global Wind Turbine Gearbox Market Value Share and Forecast, By Type, 2023-2033
7.2. Main Gearbox
7.3. Yaw Gearbox
7.4. Others
8. Global Wind Turbine Gearbox Market, By Application (USD Million)
8.1. Global Wind Turbine Gearbox Market Value Share and Forecast, By Application, 2023-2033
8.2. Offshore
8.3. Onshore
9. Global Wind Turbine Gearbox Market, By Installation Type (USD Million)
9.1. Global Wind Turbine Gearbox Market Value Share and Forecast, By Installation Type, 2023-2033
9.2. New
9.3. Replacement
10. Global Wind Turbine Gearbox Market, By Capacity (USD Million)
10.1. Global Wind Turbine Gearbox Market Value Share and Forecast, By Capacity, 2023-2033
10.2. 5 MW-3 MW
10.3. Upto 1.5 MW
10.4. Over 3 MW
11. Global Wind Turbine Gearbox Market Forecast, 2019-2033 (USD Million)
11.1. Global Wind Turbine Gearbox Market Size and Market Share
12. Global Wind Turbine Gearbox Market, By Type, 2019-2033 (USD Million)
12.1. Global Wind Turbine Gearbox Market Size and Market Share By Type (2019-2026)
12.2. Global Wind Turbine Gearbox Market Size and Market Share By Type (2027-2033)
13. Global Wind Turbine Gearbox Market, By Application, 2019-2033 (USD Million)
13.1. Global Wind Turbine Gearbox Market Size and Market Share By Application (2019-2026)
13.2. Global Wind Turbine Gearbox Market Size and Market Share By Application (2027-2033)
14. Global Wind Turbine Gearbox Market, By Installation Type, 2019-2033 (USD Million)
14.1. Global Wind Turbine Gearbox Market Size and Market Share By Installation Type (2019-2026)
14.2. Global Wind Turbine Gearbox Market Size and Market Share By Installation Type (2027-2033)
15. Global Wind Turbine Gearbox Market, By Capacity, 2019-2033 (USD Million)
15.1. Global Wind Turbine Gearbox Market Size and Market Share By Capacity (2019-2026)
15.2. Global Wind Turbine Gearbox Market Size and Market Share By Capacity (2027-2033)
16. Global Wind Turbine Gearbox Market, By Region, 2019-2033 (USD Million)
16.1. Global Wind Turbine Gearbox Market Size and Market Share By Region (2019-2026)
16.2. Global Wind Turbine Gearbox Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. China High Speed Transmission Equipment Group Co. Ltd.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Chongqing Gearbox Co. Ltd.
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Eickhoff Antriebstechnik GmbH
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. ISHIBASHI Manufacturing Co. Ltd
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. RENK AG
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Siemens Gamesa Renewable Energy S.A.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Winergy AG
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. ZF Friedrichshafen
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope