A
wind turbine is a device, generates electric energy from kinetic energy of the
flow of wind. Wind turbine gearbox is an important component in the wind
turbine which helps in increasing the turbine rotational speed. It consists of
both planetary and parallel gear stages depending on the capacity prerequisite
of a wind turbine. There are numerous types of wind turbine gearboxes which are
based on various factors like wind flow, landscape, wind potential, demand,
etc.
According
to study, “Wind
Turbine Gearbox Market Research Report by Type (Main Gearbox, Yaw Gearbox,
Others), Application (Offshore Wind Power, Onshore Wind Power), Installation
Type (New, Replacement), Capacity (1.5-3 MW, up to 1.5 MW, Over 3 MW), and
Region-Global Forecast to 2025” the key companies operating in the wind
turbine gearbox market are Siemens Gamesa Renewable Energy S.A., China High
Speed Transmission Equipment Group Co. Ltd., Winergy AG, Chongqing Gearbox Co.,
Ltd., Moventas Gears Oy, Dana Brevini SpA, NGC Gears, ZF Friedrichshafen AG,
Eickhoff Antriebstechnik GmbH. Key manufactures are rapidly varying designs of
gearbox to augment its resistance according to loading & environmental
conditions.
Based
on type, wind turbine gearbox market is segmented into yaw gearbox, main
gearbox and others. The yaw gearbox segment is anticipated to exhibit a higher
CAGR owing to a gamut of product offerings are existing by distributors during
the forecast period. Based on gear stages, market is segmented into low-speed
planetary gear stage, intermediate gear stage and high-speed parallel gear
stages. The planetary gear stage includes three moving components such as
planet gears, planet carrier arm, and sun pinion. Based on installation type,
market is segmented into replacement and new. Based on capacity type, market is
segmented into less than 3MW, between 3MW and 6MW, and more than 6MW. In
addition, based on application, market is segmented into onshore wind power and
offshore wind power. The onshore segment holds higher share of the entire
market due to the extreme uses of medium speed gearboxes to moderate capital
& operational expenditure. Additionally, offshore segment is also expected
to capture a higher market share because of the incorporation of spur gears in
wind turbine gearboxes setup during the forecast period.
The
wind turbine gearbox market is driven by rise in energy consumption demands,
followed by increase in government support for renewable energy projects, rise
in funding for research & development (R&D) program, advancements in
technologies, overcome the increasing instances of power supply shortages, rise
in use of wind energy as a source of electricity generation, noteworthy
reduction in the cost of generation & associated risks, and growth in
investments in wind turbines for capturing energy due to its cost-effectiveness
& energy-efficiency. However, an alternative clean energy sources for
instance solar and gas, are inexpensive than wind energy, which is a key
restraint for the market.
Based
on geography, the Asian-Pacific region dominates the wind turbine gearbox
market owing to high investments in the wind industry over the forecast period.
The North-America and European regions are expected to witness lucrative growth
rate due to rise in demand for clean energy, low cost of technology and
increase in government support from various countries over the forecast period.
It is projected that the market will be reached at 8,630 million by 2025.
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