Wind Turbine Gearbox And Direct Drive Systems Market Advance Technology and Growth Outlook 2020 to 2025

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Wind Turbine Gearbox And Direct Drive Systems production region, major players, and product type which will provide a simplified view of the Wind Turbine Gearbox And Direct Drive Systems industry. The Wind Turbine Gearbox And Direct Drive Systems market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Wind Turbine Gearbox And Direct Drive Systems market which will help the emerging market segments in making vital business decisions.

The wind turbine gearbox and direct drive systems market is expected to witnessing significant growth with CAGR of 3% due to rising energy demand coupled with the increasing share of renewables in the power generation mix.

Wind Turbine Gearbox And Direct Drive Systems Market Segmentation:
This report on Global Wind Turbine Gearbox And Direct Drive Systems market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Wind Turbine Gearbox And Direct Drive Systems. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Global Wind Turbine Gearbox And Direct Drive Systems market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Dana Brevini SpA, Moventas Gears Oy, Winergy Group,Voith GmbH, NGC Gears, amongst others.

Offshore Segment to Register Higher Growth
- The global offshore market remained stable in 2018 with 4.49 GW of new additions, almost the same market size as in 2017. The total cumulative offshore installations have reached 23.14 GW, representing a 24% increase in cumulative offshore wind installed capacity over the previous year.
- Globally, the share of offshore installations continues to increase and reached 8% for new installations and 4% of the total installations in 2018. By 2025, the share of the new installation is expected to exceed 10%, and the total installed based is expected to reach 100 GW.
- Global demand for the wind turbine gearbox and direct drive systems market in the offshore sector is increasing at a significant rate. Even though Europe dominated the market with 59.9% of global annual offshore wind energy generation capacity at the end of 2018, Asia saw a substantial increase in offshore wind energy deployment, installation of 1.8 GW. By the end of 2018, the installed offshore wind power capacity has risen to 23.140 GW from 18.658 GW at the end of 2017, with a significant fraction of investments coming from the private sector.

Asia-Pacific Region to Dominate the Market
- The installed wind capacity in Asia-Pacific increased to 256 GW in 2018 from 231.41 GW in 2017. The increase in wind capacity has been primarily dominated by the increase in China's installed capacity.
- According to IRENA, Asia-Pacific is poised to become the world’s dominant wind market, accounting for more than 50% of onshore and 60% of offshore wind installations by 2050. Asia’s onshore wind capacity is expected to grow from 256 GW in 2018 to over 2,600 GW by 2050.
- Furthermore, Owing to the large investments in countries like China and India, and emerging countries like Taiwan the wind sector investments are dominated by the Asia-Pacific region. Chinese manufacturers comprise nearly 95% of the overall wind power market. The government policy and incentives have made China a favorable hotspot for investment. At the beginning of 2017, China announced its plan to invest about USD 360 billion on renewable energy by 2020, turning down the plan of building 85 coal-fired power plants. In 2018, the country accounted for the largest share of about 45% of the new onshore global wind installed capacity.

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This independent 120 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Wind Turbine Gearbox And Direct Drive Systems market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Importance of this Report
• Impact of low unit costs, diversified product ranges and intense competition on the market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Regional analysis of the market
• Identifying the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

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