Technavio has been monitoring the wind turbine gearbox market and it is poised to grow by USD 3.81 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Wind Turbine Gearbox Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of almost 6%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
Increase in offshore wind energy installations is one of the key factors driving the market growth.
Who are the top players in the market?
Dana Inc., Flender GmBH (Winergy), General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Moventas Gears Oy, Nanjing High Accurate Drive, Equipment Manufacturing Group Co. Ltd., Robert Bosch GmbH, Siemens AG, Voith GmbH & Co. KGaA, and ZF Friedrichshafen AG are some of the major market participants.
Which region is expected to hold the highest market share?
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 1.85%.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Dana Inc., Flender GmBH (Winergy), General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Moventas Gears Oy, Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., Robert Bosch GmbH, Siemens AG, Voith GmbH & Co. KGaA, and ZF Friedrichshafen AG are some of the major market participants. The increase in offshore wind energy installations will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Wind Turbine Gearbox Market 2020-2024: Segmentation
Wind Turbine Gearbox Market is segmented as below:
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Wind Turbine Gearbox Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wind turbine gearbox market report covers the following areas:
Wind Turbine Gearbox Market size
Wind Turbine Gearbox Market trends
Wind Turbine Gearbox Market analysis
This study identifies the rise in renewable energy consumption as one of the prime reasons driving the wind turbine gearbox market growth during the next few years.
Wind Turbine Gearbox Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the wind turbine gearbox market, including some of the vendors such as Dana Inc., Flender GmBH (Winergy), General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Moventas Gears Oy, Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., Robert Bosch GmbH, Siemens AG, Voith GmbH & Co. KGaA, and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research reports on the wind turbine gearbox market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Wind Turbine Gearbox Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist wind turbine gearbox market growth during the next five years
Estimation of the wind turbine gearbox market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the wind turbine gearbox market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of wind turbine gearbox market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type
New - Market size and forecast 2019-2024
Replacement - Market size and forecast 2019-2024
Market opportunity by Type
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Flender GmBH (Winergy)
General Electric Co.
ISHIBASHI Manufacturing Co. Ltd.
Moventas Gears Oy
Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd.
Robert Bosch GmbH
Voith GmbH & Co. KGaA
ZF Friedrichshafen AG
Scope of the report
Currency conversion rates for US$
List of abbreviations
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