Wind Turbine Gearbox Market 2018 - 2025 | GE Energy, Suzlon Energy, Bosch Rexroth, Dana Brevini Power - Transmission SpA, Winergy

Press Release – 10 Aug 2018
Research and Development News --
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Latest Update "Wind Turbine Gearbox Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future.
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Increasing demand for clean energy has propelled the market for wind turbines. Majority of wind turbines operating currently use a gearbox system. Rise in the number of wind turbines across the globe has boosted the wind turbine gearbox market. Different components in a wind turbine play an important role in optimizing the speed for maximum efficiency. Thus, a gearbox plays a critical part in a wind turbine, as it accelerates the slower turbine rotations to fast generator rotational speed. Yet, in contrast to conventional gearboxes, a wind turbine gearbox does not switch gears. Rather, it retains a single gear ratio between the generator and rotor rotation.
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The global wind turbine gearbox market is expected to expand at a substantial pace in the near future primarily due to the rise in demand for clean energy. This increase in demand for clean energy is encouraging power generation companies and agencies across the globe to construct wind farms. The cost of wind technology has fallen significantly in recent years as wind farms are becoming more and more common. This, in turn, is making the technology reasonably priced for power generation companies.

Low cost of technology and government support from various countries in Europe, the Middle East, and North America have augmented the adoption of wind power. Developing countries such as India and China also offer a huge motivation to the demand for wind power as the government of these countries are funding various projects for the growth of the wind energy sector. Thus, growth in the wind power industry is driving the wind turbine gearbox market.

Key players operating in the market include GE Energy, Suzlon Energy, Bosch Rexroth, Dana Brevini Power - Transmission SpA, Winergy, and Gamesa.

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