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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: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 1.6 Billion
Revenue 2028Revenue 2028: 2.12 Billion
Revenue CAGRRevenue CAGR (2021 - 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

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
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.