Wind Turbine Gearbox Market 2020 Growth Opportunity - Siemens Gamesa Renewable Energy SA, Dana Brevini SpA

Wind Turbine Gearbox Market - Growth, Trends And Forecast (2020 - 2025)

The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Wind Turbine Gearbox Market on the basis of stating current situation of the industry in 2020.

The global wind turbine gearbox market is expected to grow at a CAGR of less than 2% over the forecast period of 2020-2025.

Factors such as the declining cost of the wind energy and increasing investments in the wind power sector are the key drivers for this market. However, the increasing use of the direct drive turbines is expected to restrain the gearbox market during the forecast period.

- The offshore industry witnessed major investments in 2018, and accounted for USD 25.6 billion, which was 11% more than the 2017 investment. Although onshore segment is likely to lead the market, the offshore sector may witness the highest growth rate over the forecast period.

- The emerging markets in Africa and South America offer a robust business opportunity for the wind power business. As countries, including Brazil, South Africa, Chile, and others, in these regions are on the cusp of development, there is an increased demand for electricity, which is expected to provide market opportunities for wind turbine gearbox market in the coming years.

- Asia-Pacific region is expected to dominate the market, mainly owing to high investments in the wind industry in China.

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News and Latest Developments:

In Husum one meets the people who work directly with the products and are the heart of the wind industry. It’s thus an ideal place for Winergy to present its solutions for the service and maintenance of gearboxes for wind power plants. This was evident in the booth, which attracted many visitors every day of the fair and offered space for technical discussions about drive technology in the wind industry. The hook for many discussions was the gearbox exhibit from the first offshore wind farm in Vindeby, Denmark. The PEAK 4250 gearbox had been operating in a 450 kW turbine there for 25 years, with no outages, before it was decommissioned this year, along with the entire plant. Visitors were impressed with the condition of the gearing after such a lengthy operational time. They could view the inner workings of the gearbox through a plastic case, which was created specifically for the trade fair exhibit.

September 16th 2019: Moventas and Danish Wind Power Academy (DWPA) have united forces and cooperate in bringing the wind industry’s best turbine and gearbox expert training – with our first training session in February! Benefit from several types of courses, ranging from general gearbox maintenance to the specific vibration monitoring

Competitive Landscape

The global wind turbine gearbox market is moderately consolidated. Some of the major companies include Siemens Gamesa Renewable Energy SA, Dana Brevini SpA, ME Production A/S, Winergy Group and ZF Friedrichshafen AG.

Key Market Trends:

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 wind turbine gearbox 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.

- The offshore wind turbine gearboxes are required to be more robust and more efficient and, in turn, are costlier, as the wind speed in offshore regions is higher. Hence, the growth of the offshore wind energy sector is expected to have a significant positive impact on the market during the forecast period.

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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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