Turbine Gear Boxes Market Share, Growth, Size, Trends and Forecast by 2025
Turbine gear boxes market kept growing in recent years. As many countries are promoting the wind energy construction, turbine gear boxes market will keep in rapid development.
Viewed from the supply side, in the past few years, there are only a few companies in the turbine gear boxes industry due to the technical barrier. Most of the manufacturers concentrate in US and EU. China is becoming the important market.
Viewed from the demand side, the current demand for turbine gear boxes is growing.
In 2015, the global production of the turbine gear boxes reaches over 66856 MW; the gross margin was around 24.77% during the last five years. We forecast that the global turbine gear boxes market will grow in a CAGR of 10.38% from 2016 to 2021.
At present, main manufacturers in the market are Siemens, China Transmission and ZF etc. The leading three companies occupy about 73% market share in 2015.
To grab more market, main companies have to increase the technology innovation and speed up the product upgrading. Many companies are trying to break through the barriers and enter the industry. In the future, turbine gear boxes market will still be a market of high concentration in a short time.
In order to feed the changing technical requirements, turbine gear boxes manufacturers need to pay attention to the technical innovation. In future, integration will be the technology trends of turbine gear boxes.
The global Turbine Gear Boxes market was 5500 million US$ in 2018 and is expected to 10900 million US$ by the end of 2025, growing at a CAGR of 9.0% between 2019 and 2025.
This report studies the Turbine Gear Boxes market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Turbine Gear Boxes in these regions, from 2014 to 2025, covering
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North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
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