The global wind gearbox market is expected to grow from USD 4.55 Billion in 2019 to USD 7.70 Billion by 2027, at a CAGR of 6.8% during the forecast period 2020-2027.
A gearbox is commonly used in a wind turbines to increase rotational speed of electrical generator from a low-speed rotor to a higher speed rotor. The multi megawatt wind turbines are distributed with a gearbox. The gearbox provide reliability and higher torque rate to wind turbines. The wind gearbox is important part of wind turbine system that helps in gaining maximum efficiency of the turbines. The wind gearbox is connected to the blades of the turbine that is combined with the generator, to provide produce the electricity from the natural wind energy. The failure of gearbox can reduce the performance of the wind turbine generators. These gearboxes can be of vertical and horizontal type. Growing need for clean energy has pushed the market for wind turbines. Most of wind turbines operating currently needed a gearbox system. Upsurge in the number of wind turbines across the globe has boost up the wind turbine gearbox market. Different components in a wind turbine play a significant role in enhancing the speed for maximum efficiency. So, a gearbox plays a crucial part in a wind turbine, as it speed up the slower turbine rotations to fast generator rotational speed. Still, in contrast to conventional gearboxes, a wind turbine gearbox does not switch gears. Rather, it keeps a single gear ratio between the generator and rotor rotation.
The market has been segmented on the basis of type, application, and region. Type segment includes vertical and horizontal. The Horizontal segment held the largest market share of 67.63% and valued USD 3.08 Billion in 2019. The application segment includes onshore and offshore. The onshore segment held the largest market share of 58.94% and valued USD 2.68 Billion in 2019. The market has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. APAC region has the largest market share in 2019 with 43.89 % market share. The countries such as China, India, and Japan are expected to lead the Asia-Pacific Global wind gearbox market, with China accounting for the largest share in the regional demand.
Key players operating in the global Wind Gearbox market include Siemens AG, GE Power, Suzlon Energy Limited, China High-Speed Transmission Equipment Group Company, Ltd., Chongqing Gearbox Co., Ltd, ZF Friedrichshafen AG, Eickhoff Group, Moventas Gears Oy, Enercon GmbH, Xinjiang Goldwind Science & Technology Co., Ltd., Nordex SE, Senvion S.A., Xiangtan Electric Manufacturing Group Co., Ltd, ReGen Powertech Private Limited, Envision Energy Limited, China Ming Yang Wind Power Group Limited, CSIC (Chongqing) Haizhuang Windpower Equipment Co., Ltd, Shanghai Electric Wind Power Equipment Co., Ltd., Dongfang Electric Corporation., Zhejiang Windey Wind Generating Engineering, Inox Wind Limited, Acciona Energia, S.A, and MHI Vestas Offshore Wind A/S among others. To enhance their market position in the global Wind Gearbox market, the key players are now focusing on adopting strategies such as recent developments, joint venture, product innovations, mergers & acquisitions, collaborations, and partnership.
This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented on the basis of below-mentioned segments:
Chapter 1 Introduction
1.1 Research Methodology
1.2 FMR desk research
1.2.1 FMR data synthesis
1.2.2 Data validation and market feedback
1.2.3 FMR data sources
Chapter 2 Global Wind Gearboxes Market Overview
2.1 Product Overview and Scope of Wind Gearboxes
2.2 Commercial Types of Wind Gearboxes
2.3 Downstream Application of Wind Gearboxes
2.4 Development History of Wind Gearboxes
2.5 Market Status and Trend of Wind Gearboxes 2013-2027
2.6 Regional Wind Gearboxes Market Status and Trend 2013-2027
2.6.1 North America Market Status and Trend 2013-2027
2.6.2 Europe Market Status and Trend 2013-2027
2.6.3 APAC Market Status and Trend 2013-2027
2.6.4 MEA Market Status and Trend 2013-2027
2.6.5 South America Market Status and Trend 2013-2027
Chapter 3 Global Market Status by Regions
3.1 Market Development of Wind Gearboxes 2013-2019
3.2 Production Market of Wind Gearboxes by Regions
3.2.1 Production Volume of Wind Gearboxes by Regions
3.2.2 Regions Production Value of Wind Gearboxes by Regions
3.3 Demand Market of Wind Gearboxes by Regions
3.4 Production and Demand Status of Wind Gearboxes by Regions
3.4.1 Global Production (K Units) and Demand (K Units) Status of Wind Gearboxes 2013-2019
3.5 Import and Export Status of Wind Gearboxes by Regions 2013-2019
3.6 Market Forecast of Wind Gearboxes by Regions 2020-2027
3.7.1 Demand Market Forecast of Wind Gearboxes by Regions 2020-2027
Chapter 4 Global Wind Gearboxes Production by Regions
4.1 Production Volume of Wind Gearboxes by Types
4.2 Production Value of Wind Gearboxes by Types
4.3 Market Forecast of Wind Gearboxes by Types
Chapter 5 Global Market Status by Downstream Industry
5.1 Demand Volume of Wind Gearboxes by Downstream Industry
5.2 Market Forecast of Wind Gearboxes by Downstream Industry
Chapter 6 Wind Gearboxes Market Competition Status by Major Manufacturers
6.1 Production Volume of Wind Gearboxes by Major Manufacturers
6.2 Production Value of Wind Gearboxes by Major Manufacturers
6.3 Market Competition News and Trend
6.4 Competitive Analysis
Chapter 7 Wind Gearboxes Major Manufacturers
7.1 Siemens AG
7.1.1 Company Profile
7.1.2 Representative Wind Gearboxes Product
7.1.3 Wind Gearboxes Sales, Revenue, Price and Gross Margin of Siemens AG
7.2 GE Power
7.2.1 Company Profile
7.2.2 Representative Wind Gearboxes Product
7.2.3 Wind Gearboxes Sales, Revenue, Price and Gross Margin of GE Power
7.3 Suzlon Energy Limited
7.3.1 Company Profile
7.3.2 Representative Wind Gearboxes Product
7.3.3 Wind Gearboxes Sales, Revenue, Price and Gross Margin of Suzlon Energy Limited
7.4 China High Speed Transmission Equipment Group Company, Ltd.
7.4.1 Company Profile
7.4.2 Representative Wind Gearboxes Product
7.4.3 Wind Gearboxes Sales, Revenue, Price and Gross Margin of China High Speed Transmission Equipment Group Company, Ltd.
7.5 Chongqing Gearbox Co., Ltd.
7.5.1 Company Profile
7.5.2 Representative Wind Gearboxes Product
7.6 ZF Friedrichshafen AG
7.6.1 Company Profile
7.6.2 Representative Wind Gearboxes Product
7.6.3 Wind Gearboxes Sales, Revenue, Price and Gross Margin of ZF Friedrichshafen AG
7.7 Eickhoff Group
7.7.1 Company Profile
7.7.2 Representative Wind Gearboxes Product
7.8 Moventas Gears Oy
7.8.1 Company Profile
7.8.2 Representative Wind Gearboxes Product
7.9 Enercon GmbH
7.9.1 Company Profile
7.9.2 Representative Wind Gearboxes Product
7.10 Xinjiang Goldwind Science & Technology Co., Ltd.
7.10.1 Company Profile
7.10.2 Representative Wind Gearboxes Product
7.11 Nordex SE
7.11.1 Company Profile
7.11.2 Representative Wind Gearboxes Product
7.12 Senvion S.A.
7.12.1 Company Profile
7.12.2 Representative Wind Gearboxes Product
7.12.3 Wind Gearboxes Sales, Revenue, Price and Gross Margin of Senvion S.A.
7.13 Xiangtan Electric Manufacturing Group Co., Ltd.
7.13.1 Company Profile
7.13.2 Representative Wind Gearboxes Product
7.14 ReGen Powertech Private Limited
7.14.1 Company Profile
7.14.2 Representative Wind Gearboxes Product
7.15 Envision Energy Limited
7.15.1 Company Profile
7.15.2 Representative Wind Gearboxes Product
7.16 China Ming Yang Wind Power Group Limited
7.16.1 Company Profile
7.16.2 Representative Wind Gearboxes Product
7.17 CSIC (Chongqing) Haizhuang Windpower Equipment Co., Ltd.
7.17.1 Company Profile
7.17.2 Representative Wind Gearboxes Product
7.18 Shanghai Electric Wind Power Equipment Co., Ltd.
7.18.1 Company Profile
7.18.2 Representative Wind Gearboxes Product
7.19 Dongfang Electric Corporation.
7.19.1 Company Profile
7.19.2 Representative Wind Gearboxes Product
7.20 Zhejiang Windey Wind Generating Engineering.
7.20.1 Company Profile
7.20.2 Representative Wind Gearboxes Product
7.21 Inox Wind Limited.
7.21.1 Company Profile
7.21.2 Representative Wind Gearboxes Product
7.22 Acciona Energia, S.A.
7.22.1 Company Profile
7.22.2 Representative Wind Gearboxes Product
7.23 MHI Vestas Offshore Wind A/S.
7.23.1 Company Profile
7.23.2 Representative Wind Gearboxes Product
Chapter 8 Upstream and Downstream Market Analysis of Wind Gearboxes
8.1.1 Industry Chain of Wind Gearboxes
8.2 Upstream Market and Representative Suppliers Analysis
8.3 Upstream Raw Materials Sourcing
8.3.1 Representative Supplier of Wind Gearboxes by Industry
8.3.2 Representative Consumers of Wind Gearboxes by Industry
8.3.3 Representative Distributors of Wind Gearboxes by Industry
Chapter 9 Cost and Gross Margin Analysis of Wind Gearboxes
9.1 Proportion of Manufacturing Cost Structure
9.1.1 Labor Cost Analysis
184.108.40.206 USA Labor Cost Analysis
9.1 Manufacturing Process Analysis
Chapter 10 Marketing Status Analysis of Wind Gearboxes
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.2 Market Positioning
10.2.1 Marketing Channel Future Trend
10.2.2 Pricing Strategy
10.2.3 Brand Strategy
10.3 Market Effect Factor
10.3.1 Economic/Political Environmental Change
10.3.2 Global Economy Analysis
Chapter 11 Factors Influencing
11.1 Macro-Economic Factors
Chapter 12 Research Findings and Conclusion