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Wind Power Bearing Market

Wind Power Bearing Market

Wind Power Bearing Market Global Industry Assessment & Forecast

# Pages:

136

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0512

Segments Covered
  • By Type Slewing Ring Bearings, Spherical Roller Bearings
  • By Application On-shore, Off-shore
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 22.85 Billion
Revenue 2028Revenue 2028: 45.93 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 9.12
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Wind Power Bearing market was valued at USD 22.85 Billion in 2020 and is projected to reach USD 45.93 Billion by 2028, growing at a CAGR of 9.12% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 45.93 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 9.12%

Overview and Description

The pitch bearing, also named blade bearing, is a component of modern wind turbines which connect the rotor hub and the rotor blade. The bearing allows the required oscillation to control the loads and power of the wind turbine. The pitch system is also used for emergency breaks of the turbine system.


This report provides an analysis of the Wind Power Bearing market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Wind Power Bearing market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

Yearly Infographics 22.85 Billion 45.93 Billion

COVID-19 Impact Analysis

The COVID-19 outbreak has affected various industries worldwide. The Wind Power Bearing market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The increasing number of wind farms all over the globe, developing technologies in field of wind energy as well as growing advancement in wind turbine equipment's are drivers for the wind turbine bearing market. 

The technologies for improving productivity and higher flexibility is anticipated to augment the growth of the market over the forecast period. 

The stringent and time-consuming regulatory policies is anticipated to hamper the growth of the market over the forecast period.

Global Wind Power Bearing Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered IMO, Timken, Tianma Bearing Group, Defontaine, NSK, Liebherr, NTN Bearing, ZWZ, Rothe Erde, Schaeffler Group, SKF, Wind Bearings Market Participants, Dalian Metallurgical Bearing.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Type, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Type, the market is divided into Slewing Ring Bearings, Spherical Roller Bearings. Slewing Ring Bearings dominated the global Wind Power Bearing market in 2020 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into On-shore, Off-shore. Offshore accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Wind Power Bearing Market: Type Segment Analysis

    • Slewing Ring Bearings
    • Spherical Roller Bearings

Global Wind Power Bearing Market: Application Segment Analysis

    • On-shore
    • Off-shore

Regional Analysis: Preview

Based on the geography, the global Wind Power Bearing market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Wind Power Bearing Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The global Wind Power Bearing market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Wind Power Bearing market are IMO, Timken, Tianma Bearing Group, Defontaine, NSK, Liebherr, NTN Bearing, ZWZ, Rothe Erde, Schaeffler Group, SKF, Wind Bearings Market Participants, Dalian Metallurgical Bearing..  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

Global Wind Power Bearing Market: Key Highlights

  • The global Wind Power Bearing market was valued at USD 22.85 Billion in 2020
  • The global Wind Power Bearing Market is projected to reach USD 45.93 Billion by 2028
  • North America held the highest share of the Wind Power Bearing market in 2020
  • Some of the major companies operating in the Wind Power Bearing market are IMO, Timken, Tianma Bearing Group, Defontaine, NSK, Liebherr, NTN Bearing, ZWZ, Rothe Erde, Schaeffler Group, SKF, Wind Bearings Market Participants, Dalian Metallurgical Bearing.

FAQ
Frequently Asked Question
  • The global Wind Power Bearing valued at 22.85 Billion in 2020 and is expected to reach 45.93 Billion in 2028 growing at a CAGR of 9.12%.

  • The prominent players in the market are IMO, Timken, Tianma Bearing Group, Defontaine, NSK, Liebherr, NTN Bearing, ZWZ, Rothe Erde, Schaeffler Group, SKF, Wind Bearings Market Participants, Dalian Metallurgical Bearing..

  • The market is project to grow at a CAGR of 9.12% between 2021 and 2028.

  • The driving factors of the Wind Power Bearing include

    • The increasing number of wind farms all over the globe, developing technologies in field of wind energy as well as growing advancement in wind turbine equipment's are drivers for the wind turbine bearing market.
    • The technologies for improving productivity and higher flexibility is anticipated to augment the growth of the market over the forecast period.

  • North America was the leading regional segment of the Wind Power Bearing in 2020.