Wind Turbine Gearbox Market by Capacity, Type, Deployment - Russia Ukraine Conflict and High Inflation

List of Tables

The Global Wind Turbine Gearbox Market is forecasted to grow significantly, with a projected USD 18.09 billion in 2023 at a CAGR of 6.08% and expected to reach a staggering USD 27.41 billion by 2030.

The the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Wind Turbine Gearbox Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Wind Turbine Gearbox Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Capacity, market is studied across 1.5 MW-3MW, Over 3MW, and Upto 1.5 MW. The 1.5 MW-3MW commanded largest market share of 45.23% in 2022, followed by Over 3MW.

Based on Type, market is studied across Main Gear Box and Yaw Gear Box. The Main Gear Box commanded largest market share of 51.22% in 2022, followed by Yaw Gear Box.

Based on Deployment, market is studied across Offshore and Onshore. The Onshore commanded largest market share of 64.46% in 2022, followed by Offshore.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.24% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Wind Turbine Gearbox Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Wind Turbine Gearbox Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Wind Turbine Gearbox Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Wind Turbine Gearbox Market?

4. What is the competitive strategic window for opportunities in the Global Wind Turbine Gearbox Market?

5. What are the technology trends and regulatory frameworks in the Global Wind Turbine Gearbox Market?

6. What is the market share of the leading vendors in the Global Wind Turbine Gearbox Market?

7. What modes and strategic moves are considered suitable for entering the Global Wind Turbine Gearbox Market?

Product Code: MRR-B16853778F1E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Wind Turbine Gearbox Market, by Capacity, 2022 vs 2030
4.3. Wind Turbine Gearbox Market, by Type, 2022 vs 2030
4.4. Wind Turbine Gearbox Market, by Deployment, 2022 vs 2030
4.5. Wind Turbine Gearbox Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing energy consumption and demand for renewable energy
  - 5.1.1.2. Government support for the wind power generation
- 5.1.2. Restraints
  - 5.1.2.1. Concerns related to wind turbine gearbox failure
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing innovations in wind turbine gearbox bearings
  - 5.1.3.2. Government initiatives and investment activities in wind energy projects worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Concern regarding complicated design of wind turbine gearbox
5.2. Market Trends
- 5.2.1. Potential government participation in wind energy production promotes market expansion in the America region.
- 5.2.2. Renewable energy movement in Asia with the development of innovative wind turbine gearbox in Japan and China
- 5.2.3. Growing number of wind projects with the presence of major native players in the EMEA region
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Wind Turbine Gearbox Market, by Capacity

6.1. Introduction
6.2. 1.5 MW-3MW
6.3. Over 3MW
6.4. Upto 1.5 MW

7. Wind Turbine Gearbox Market, by Type

7.1. Introduction
7.2. Main Gear Box
7.3. Yaw Gear Box

8. Wind Turbine Gearbox Market, by Deployment

8.1. Introduction
8.2. Offshore
8.3. Onshore

9. Americas Wind Turbine Gearbox Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Wind Turbine Gearbox Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Wind Turbine Gearbox Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Galetech Acquires Northern Irish Firm to Extend Life of Wind Turbines
  - 12.3.1.2. Drive Specialist Flender to buy Finnish Gearbox Maker Moventas
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Universities Develop ways for Wind Turbines to Generate More Energy
  - 12.3.2.2. Kenzfigee & Liftwerx Sign Contract For Delivery Of Three Up-Tower Cranes
  - 12.3.2.3. Wartsila to Service Vestas' Wind Turbine Gearboxes in Brazil
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. 18 MW Offshore Wind Turbine Launches in China
  - 12.3.3.2. Schaeffler develops hydrodynamic plain bearings for wind turbine gearboxes
- 12.3.4. Investment & Funding
  - 12.3.4.1. Gearbox maker ZF Wind Power invests in 30-MW test bench
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Timken India to start making CRBs, SRBs locally at Bharuch
  - 12.3.5.2. Flender expands production capacities for wind energy in India
  - 12.3.5.3. Flender puts test systems for gearboxes and drivetrains into operation
  - 12.3.5.4. Eickhoff opens a new assembly facility in India, further strengthening its geographical footprint

13. List of Company Mentioned

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing

1. AB SKF

2. Amarillo Gear Company

3. AutoInvent Transip AB

4. Bonfiglioli Riduttori S.p.A.

5. Chongqing Gearbox Co.,Ltd

6. CRRC Corporation Limited

7. Dalian Huarui Heavy Industry India Company Pvt. Ltd.

8. Dana Incorporated

9. Dongturbo Electric Company Ltd.

10. Eickhoff Group

11. Elecon Engineering Company Limited

12. Flender GmbH

13. General Electric Company

14. ISHIBASHI Manufacturing Co., Ltd.

15. Kirloskar Pneumatic Company Limited

16. Linamar Corporation

17. ME Production A/S

18. Miba AG

19. NGC Group

20. NORDEX SE

21. NSK Ltd.

22. RENK GmbH

23. Schaeffler Group

24. Siemens Gamesa Renewable Energy, S.A.

25. Suzlon Energy Limited

26. The Timken Company

27. VESTAS WIND SYSTEMS A/S

28. Voith Group

29. Wikov Industry a.s.

30. Yantai Bonway Manufacturer Co.,Ltd.

31. ZF Friedrichshafen AG