Wind turbine drivetrain is composed of gearbox and generators that convert rotational energy of blades into electrical energy. The rise in demand for wind power generation along with supportive government regulations for wind power projects are the key factors contributing the market growth over the coming years. The upcoming wind power projects is anticipated to hold potential opportunity for the growth of the market.
MARKET SCOPE
The "Global Wind Turbine Drivetrain Market Analysis to 2028" is a specialized and in-depth study of the renewable energy components with a special focus on the global market trend analysis. The report aims to provide an overview of the wind turbine drivetrain market with detailed market segmentation by type, application and geography. The report provides key statistics on the market status of the leading wind turbine drivetrain market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-On the basis of type the market is segmented into conventional drivetrain, direct drivetrain, and multiple generator drivetrain
-On the basis application, the market is segmented as onshore wind power and offshore wind power
Drivers
-Rise in demand for wind power generation
-Supportive government regulations for wind power projects
-High cost of repair and downtime issues of gearbox assembled in wind turbine drivetrain restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The wind turbine drivetrain market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the wind turbine drivetrain market in these regions.
IMPACT OF COVID-19 ON WIND TURBINE DRIVETRAIN MARKET
The emergence of the COVID-19 has severely impacted the renewable energy industries, which resulted decline in the demand for power generation in the year 2020. Sales of wind turbine are directly proportional to the demand for wind power projects. Wind projects have been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in demand for wind turbine. The manufacturing of wind turbine was halted for a specific period due to high peak of COVID-19, which highly impacted the sales of wind turbine. Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using wind turbine, thereby affecting the global market. However, from 2021 the ease in restrictions and reopening of industries have accelerated the rise in number of wind power projects which further helped the market to grow over the covid recovery period.
MARKET PLAYERS
The report covers key developments in the wind turbine drivetrain market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in wind turbine drivetrain market are anticipated to get lucrative growth opportunities in the future owing increase in R&D investments.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wind turbine drivetrain market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-General Electric
-ENERCON GmbH
-ZF Friedrichshafen AG
-Flender
-Siemens Gamesa Renewable Energy, S.A.
-Nanjing High Speed & Accurate Gear Group Co., Ltd.
-Senvion GmbH
-Eickhoff Antriebstechnik GmbH
-ISHIBASHI Manufacturing Co., Ltd.
-Bosch Rexroth AG