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
Market analysis

The wind turbine gearboxes are the important components in the wind turbines that helps in increasing the turbine rotational speed. Producers are rapidly changing their plans of gearbox to build its resistance as indicated by stacking and ecological conditions.
The market is driven by expanding energy utilization demand on a global basis. Investments made in the wind turbines for accumulating energy inferable from its cost-effectiveness and energy productivity is anticipated to goad the market development over the estimated time frame. Additionally, government support for sustainable power source ventures can positively affect the market. This is substantiated by low wind power generation and appealing returns guaranteed by onshore wind ventures. The Global Wind Turbine Gearbox Market is anticipated to grow at a 6.46% CAGR, during the forecast period 2019 to 2025.

Market segmentation

The global wind turbine gearbox market is classified on the basis of its type, application, installation type, capacity and regional demand. By type, the market is classified into yaw gearbox, main gearbox, and others. Based on its application, the market is sectioned into onshore and offshore wind power. On the basis of its installation type, the market is bifurcated into replacement and new. Based on its capacity, the market is again divided into 1.5 MW-3 MW, up to 1.5 MW, and over 3 MW.

Regional analysis

Geographically, the global wind turbine gearbox market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

China High Speed Transmission Equipment Group Co. Ltd. (China), Siemens Gamesa Renewable Energy S.A. (Spain), Winergy AG (Germany), ZF Friedrichshafen (Germany), Chongqing Gearbox Co., Ltd. (China), Eickhoff Antriebstechnik GmbH (Germany), and others are some of the major players operating in the global wind turbine gearbox market.