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Wind Turbine Gearbox Repair & Refurbishment Market

Wind Turbine Gearbox Repair & Refurbishment Market

Wind Turbine Gearbox Repair & Refurbishment Market Global Industry Assessment & Forecast

# Pages:

145

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0490

Segments Covered
  • By Type Repair, Refurbishment
  • By Application Onshore, Offshore
  • By Service Provider OEM, Aftermarket
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 1.6 Billion
Revenue 2028Revenue 2028: 2.12 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 3.57
Fastest Growing Region Fastest Growing Region (2022 - 2028) Europe
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 Turbine Gearbox Repair & Refurbishment market was valued at USD 1.6 Billion in 2020 and is projected to reach USD 2.12 Billion by 2028, growing at a CAGR of 3.57% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 2.12 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 3.57%

Definition And Overview

A gearbox is often used in a wind turbine to increase the rotational speed from a low-speed main shaft to a high-speed shaft connecting with an electrical generator. Gears in wind turbine gearbox are subjected to severe cyclic loading due to variable wind loads that are stochastic in nature.


The report covers in-depth study on the global Wind Turbine Gearbox Repair & Refurbishment market, which comprises market trends such as drivers, restraints, and opportunities, regional trends, segmental analysis, and competitive landscape among others. This study comprises the market estimations and forecast in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. The report includes a separate chapter covering detailed Wind Turbine Gearbox Repair & Refurbishment market overview that includes Porter’s Five Forces Analysis, PESTLE Analysis, Player Positioning Analysis, SWOT Analysis, and Value Chain Analysis among others.

Yearly Infographics 1.6 Billion 2.12 Billion

COVID-19 Impact Analysis

The wise spread COVID-19 outbreak has impacted several industries including Wind Turbine Gearbox Repair & Refurbishment. The governments across the globe compel to employ stringent restriction such as lockdown, international border seals, and   implementing strict social distancing measures. This forces serval industries to opt for work from home which in turn disrupted the business processes. However, after mid 2021 the world is witnessing reopening of trading activities, business operations which is expected to stimulate the economic growth during upcoming 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 report explains various driving factors, restraints/challenges, and opportunities in detail. These assessments aid the industry stakeholders to analyze the Wind Turbine Gearbox Repair & Refurbishment market on the basis of different parameters, such as economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences.


The wind turbine gearbox repair and refurbishment market is diversfying due to the rising urbanization and industrialization all over the world. The investments in the offshore wind energy is playing major role in rising at a rapid pace and supporting the growth of the market over the forecast period. 

Government has taken various initiatives for the promotion of wind energy in rural areas is impacting the market positively and will continue to increase the demand for wind turbine gearbox repair and refurbishment in future. 

The established infrastructure in developed countries is anticipated to hamper the growth of the market over the forecast period.

Global Wind Turbine Gearbox Repair & Refurbishment 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, Service Provider
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 Winergy Group, Siemens Gamesa Renewable Energy SA, Stork Gears and Services B.V., ME Production A/S, ENERCON GmbH, Turbine Repair Solutions, Grenaa Motorfabrik A/S, Connected Wind Services Refurbishment A/S, ZF Friedrichshafen AG., Bosch Rexroth AG, Brevini UK Ltd.
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 Europe, 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, Service Provider and region. The report will cover market estimations and forecast for each segment by region for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Type, the market is divided into Repair, Refurbishment. Reservoir Simulation held the largest share in 2020 and is projected to witness substantial growth during the forecast period.

Based on Application, the market is divided into Onshore, Offshore. Offshore attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Wind Turbine Gearbox Repair & Refurbishment Market: Type Segment Analysis

    • Repair
    • Refurbishment

Global Wind Turbine Gearbox Repair & Refurbishment Market: Application Segment Analysis

    • Onshore
    • Offshore

Global Wind Turbine Gearbox Repair & Refurbishment Market: Service Provider Segment Analysis

    • OEM
    • Aftermarket

Global Wind Turbine Gearbox Repair & Refurbishment 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 Turbine Gearbox Repair & Refurbishment market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Wind Turbine Gearbox Repair & Refurbishment market are Winergy Group, Siemens Gamesa Renewable Energy SA, Stork Gears and Services B.V., ME Production A/S, ENERCON GmbH, Turbine Repair Solutions, Grenaa Motorfabrik A/S, Connected Wind Services Refurbishment A/S, ZF Friedrichshafen AG., Bosch Rexroth AG, Brevini UK Ltd.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.  

Global Wind Turbine Gearbox Repair & Refurbishment Market : Regional Analysis

Based on the geography, the global Wind Turbine Gearbox Repair & Refurbishment market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same.  Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Wind Turbine Gearbox Repair & Refurbishment market.      

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa
FAQ
Frequently Asked Question
  • The global Wind Turbine Gearbox Repair & Refurbishment valued at 1.6 Billion in 2020 and is expected to reach 2.12 Billion in 2028 growing at a CAGR of 3.57%.

  • The prominent players in the market are Winergy Group, Siemens Gamesa Renewable Energy SA, Stork Gears and Services B.V., ME Production A/S, ENERCON GmbH, Turbine Repair Solutions, Grenaa Motorfabrik A/S, Connected Wind Services Refurbishment A/S, ZF Friedrichshafen AG., Bosch Rexroth AG, Brevini UK Ltd..

  • The market is project to grow at a CAGR of 3.57% between 2021 and 2028.

  • The driving factors of the Wind Turbine Gearbox Repair & Refurbishment include

    • The wind turbine gearbox repair and refurbishment market is diversfying due to the rising urbanization and industrialization all over the world. The investments in the offshore wind energy is playing major role in rising at a rapid pace and supporting the growth of the market over the forecast period.
    • Government has taken various initiatives for the promotion of wind energy in rural areas is impacting the market positively and will continue to increase the demand for wind turbine gearbox repair and refurbishment in future.

  • Europe was the leading regional segment of the Wind Turbine Gearbox Repair & Refurbishment in 2020.