Wind Turbine Gearbox Market by Capacity, Type, Deployment

List of Tables

[198 Pages Report] The Wind Turbine Gearbox Market size was estimated at USD 18.09 billion in 2023 and expected to reach USD 19.16 billion in 2024, at a CAGR 6.11% to reach USD 27.41 billion by 2030.

A wind turbine gearbox is a crucial component of a wind turbine, responsible for converting the rotational energy from the blades into usable electricity. The market is experiencing growth due to increasing demand for renewable energy and government initiatives for wind power generation projects. However, concerns related to wind turbine gearbox failure and complex design have been a challenge for the industry, and ongoing innovations in gearbox bearings aim to address these issues. Manufacturers are also working to simplify the design of wind turbine gearboxes while maintaining high levels of performance and reliability. Wind energy project funding and investment are expected to increase in the coming years, boosting the growth of the wind turbine gearbox market.

KEY MARKET STATISTICS
Base Year [2023]	USD 18.09 billion
Estimated Year [2024]	USD 19.16 billion
Forecast Year [2030]	USD 27.41 billion
CAGR (%)	6.11%

Capacity: Growing usage of wind turbines with a capacity above 3 MW across large-scale industrial wind farms

Wind turbine gearboxes with a capacity range of up to 1.5 MW are found in small- to medium-scale wind power systems. They are suited to locations with lower wind speeds and are also preferred when the target usage is for smaller communities, businesses, or individual households. Turbines in this category are designed to be relatively light, compact, and cost-moderate, with overall efficiency being an essential design parameter. 1.5 MW to 3 MW capacity spectrum often represents the bulk of industrial wind turbine installations. These turbines are used for large-scale power generation and are capable of producing a significant amount of energy more efficiently. They are designed to operate optimally in moderate to high wind speed zones. The gearboxes in this range are bigger and heavier than the smaller ones, translating into increased endurance and lowered susceptibility to wear and tear. However, they also require more materials and advanced technology, leading to higher initial costs. Wind turbine gearboxes with capacities above 3 MW are at the forefront of the industry. They are used predominantly for large-scale, industrial wind farms that service large electrical grids. Gearboxes this size are designed to produce high output power and to perform in high wind speed areas, delivering the maximum possible efficiency. These machinery units are substantial in size, with heavy-duty design parameters, and often involve a significant level of technical sophistication and high investment. Given their high energy output potential, they offer attractive payback periods notwithstanding their initial costs.

Type: Significant adoption of main gearboxes in the generators

The main gearbox, or the step-up gearbox, is a crucial component in most modern wind turbines to increase the low rotational speed delivered by the wind's force on the turbines into a faster speed that the generator can use to produce electricity. A yaw gearbox plays an auxiliary yet significant role in a wind turbine. This component controls the orientation of the wind turbine's nacelle, which contains all the generating components in a turbine, including the generator, gearbox, drive train, and brake assembly. The selection between a main gearbox and a yaw gearbox depends on the specific requirements of the wind turbine and the desired functionality. While the main gearbox is critical for transforming and harnessing the wind's kinetic energy into valuable electrical power, the Yaw Gearbox optimizes this generation process by keeping the turbine's direction aligned with the wind. Both gearboxes contribute significantly to efficiency and productivity in wind energy production.

Deployment: Increasing preference for onshore deployment of wind power projects

Onshore wind turbines make up the majority of installations worldwide, leveraging traditional landscapes to generate renewable energy. Gearboxes used in these applications are designed to handle less corrosive environments than their offshore counterparts, but they must withstand fluctuating wind speeds and directions. The maintenance of onshore gearboxes is generally easier and less costly due to the accessibility of turbines. Manufacturers are focused on enhancing the reliability and efficiency of these gearboxes to lower the Levelized Cost of Energy (LCoE). Regarding offshore applications, wind turbine gearboxes are designed to operate in harsh marine environments. These gearboxes are subjected to high humidity, salt spray, and formidable winds and require robust construction and advanced materials to mitigate corrosion and wear. Offshore deployments present logistical challenges, such as transportation and installation, which can lead to higher upfront costs. Location-specific factors, wind patterns, and economic considerations largely influence the decision to deploy onshore or offshore wind turbines with gearboxes. Onshore wind projects benefit from a mature supply chain, ease of access for installation and maintenance, and less harsh operational environments. Conversely, offshore wind is gaining traction due to higher energy yields and reduced land-use conflicts.

Regional Insights

The Asia-Pacific region is expected to experience significant growth in the wind turbine gearbox market due to the increasing demand for renewable energy and government support for wind power generation. India, Australia, Japan, and South Korea have several ongoing wind energy projects, increasing the demand for wind turbine gearboxes in the region. North America is a mature market for wind turbine gearboxes, with the United States being the largest wind energy generator in the world. The U.S. government has been supporting wind power development through tax credits, which has contributed to expanding the wind turbine gearbox market in the region. Countries such as Germany, Spain, Denmark, the UK, Egypt, South Africa, and Morocco are investing in deploying wind turbines, which is expected to increase the demand for wind turbine gearboxes.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Wind Turbine Gearbox Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wind Turbine Gearbox Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Wind Turbine Gearbox Market, highlighting leading vendors and their innovative profiles. These include AB SKF, Amarillo Gear Company, AutoInvent Transip AB, Bonfiglioli Riduttori S.p.A., Chongqing Gearbox Co.,Ltd, CRRC Corporation Limited, Dalian Huarui Heavy Industry India Company Pvt. Ltd., Dana Incorporated, Dongturbo Electric Company Ltd., Eickhoff Group, Elecon Engineering Company Limited, Flender GmbH, General Electric Company, ISHIBASHI Manufacturing Co., Ltd., Kirloskar Pneumatic Company Limited, Linamar Corporation, ME Production A/S, Miba AG, NGC Group, NORDEX SE, NSK Ltd., RENK GmbH, Schaeffler Group, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited, The Timken Company, VESTAS WIND SYSTEMS A/S, Voith Group, Wikov Industry a.s., Yantai Bonway Manufacturer Co.,Ltd., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

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

Capacity
- 1.5 MW-3MW
- Over 3MW
- Upto 1.5 MW

Type
- Main Gear Box
- Yaw Gear Box

Deployment
- Offshore
- Onshore

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

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

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wind Turbine Gearbox Market?

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

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

5. Which modes and strategic moves are suitable for entering the Wind Turbine Gearbox Market?

Product Code: MRR-B16853778EFD

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. 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

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 Segmentation Analysis
- 5.2.1. Capacity: Growing usage of wind turbines with a capacity above 3 MW across large-scale industrial wind farms
- 5.2.2. Type: Significant adoption of main gearboxes in the generators
- 5.2.3. Deployment: Increasing preference for onshore deployment of wind power projects
5.3. Market Trend Analysis
- 5.3.1. Potential government participation in wind energy production promotes market expansion in the America region.
- 5.3.2. Renewable energy movement in Asia with the development of innovative wind turbine gearbox in Japan and China
- 5.3.3. Growing number of wind projects with the presence of major native players in the EMEA region
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 Analysis
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. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Universities Develop ways for Wind Turbines to Generate More Energy
- 12.3.2. 18 MW Offshore Wind Turbine Launches in China
- 12.3.3. Timken India to start making CRBs, SRBs locally at Bharuch
- 12.3.4. Flender expands production capacities for wind energy in India
- 12.3.5. Flender puts test systems for gearboxes and drivetrains into operation
- 12.3.6. Kenzfigee & Liftwerx Sign Contract For Delivery Of Three Up-Tower Cranes
- 12.3.7. Gearbox maker ZF Wind Power invests in 30-MW test bench
- 12.3.8. Schaeffler develops hydrodynamic plain bearings for wind turbine gearboxes
- 12.3.9. Galetech Acquires Northern Irish Firm to Extend Life of Wind Turbines
- 12.3.10. Wartsila to Service Vestas' Wind Turbine Gearboxes in Brazil
- 12.3.11. Eickhoff opens a new assembly facility in India, further strengthening its geographical footprint
- 12.3.12. Drive Specialist Flender to buy Finnish Gearbox Maker Moventas

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio