Wind Turbine Gearbox Repair & Refurbishment Market
Wind Turbine Gearbox Repair & Refurbishment Market Global Industry Assessment & Forecast
#
Pages:
145
2021
Nov - 2021
VMR-2021-0490
Segments Covered
By
Type Repair, Refurbishment
-
By
Application Onshore, Offshore
-
By
Service Provider OEM, Aftermarket
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.6 Billion |
 Revenue 2028:
|
2.12 Billion |
 Revenue CAGR
(2021 - 2028): |
3.57 |
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
Research Methodology: Wind Turbine Gearbox Repair & Refurbishment Market - Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Wind Turbine Gearbox Repair & Refurbishment market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
Secondary Research
Primary Research:
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Wind Turbine Gearbox Repair & Refurbishment market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Wind Turbine Gearbox Repair & Refurbishment market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
FAQ
Frequently Asked Question
What is the global demand for Wind Turbine Gearbox Repair & Refurbishment in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.57% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Wind Turbine Gearbox Repair & Refurbishment in 2020.
