PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1326637
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1326637
Wind Turbine Gearbox Market Introduction and Overview
According to SPER Market Research, 'Wind Turbine Gearbox Market Size- By Type, By Application, By Installation Type, By Capacity- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Wind Turbine Gearbox Market is predicted to reach USD 47.63 billion by 2033 with a CAGR of 7.91%.
A wind turbine gearbox is a crucial mechanical component within the power transmission system of a wind turbine. Its main purpose is to transform the slow rotation of the wind turbine rotor into a higher-speed rotation, enabling the generator to produce electricity efficiently. The global wind turbine gearbox market is experiencing significant growth due to rapid industrialization and urbanization worldwide, which has led to increased demand across various business sectors.
The global market for wind turbine gearboxes has been severely impacted by the COVID-19 outbreak. Major corporations were compelled to close as a result of government-enforced lockdowns, which significantly reduced global energy consumption. As a result, there was a decline in the demand for wind turbine gearboxes, which negatively impacted market expansion.
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
Wind Turbine Gearbox Market Segmentation:
By Type: Based on the Type, Global Wind Turbine Gearbox Market is segmented as; Main Gearbox, Yaw Gearbox, Others.
By Installation Type: Based on the Installation Type, Global Wind Turbine Gearbox Market is segmented as; New, Replacement.
By Capacity: Based on the Capacity, Global Wind Turbine Gearbox Market is segmented as; 5 MW-3 MW, Upto 1.5 MW, Over 3 MW.