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Wind Gearbox and Direct-Drive, Update 2018 - Global Market Size, Competitive Landscape and Key Country Analysis to 2022

December 2018 | 236 pages | ID: WF8A2D56DF5EN
GlobalData

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Wind Gearbox and Direct-Drive, Update 2018 - Global Market Size, Competitive Landscape and Key Country Analysis to 2022

SUMMARY

GlobalData's latest report 'Wind Gearbox and Direct-Drive, Update 2018 - Global Market Size, Competitive Landscape and Key Country Analysis to 2022', offers comprehensive information and understanding of the global wind gearbox and direct-drive market. The report offers in-depth analysis of wind gearbox and direct-drive market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (China, India, Australia, the US, Canada, Brazil, Germany, the UK, France and South Africa) level.

The report analyses the wind gearbox and direct-drive market for the historical (2013-2017) and forecast (2018-2022) periods. The report covers wind gearbox, direct-drive and gearbox refurbishment markets. The report includes drivers and restraints impacting the wind gearbox and direct-drive market, country-wise annual wind gearbox and direct-drive installation, annual wind gearbox units and wind gearbox market value. The report also provides detailed information about policies and regulatory environment, and the competitive snapshot for respective countries in 2017. Market value, volume and units of gearbox refurbishment and country wise key wind projects are also presented in this report. The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData's team of industry experts.

SCOPE

The report analyzes the wind gearbox and direct-drive market. Its scope includes -
  • Analysis of the growth of wind gearbox and direct-drive market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa (EMEA).
  • The report provides wind gearbox and direct-drive market analysis for key countries including China, India, Australia, the US, Canada, Brazil, Germany, the UK, France and South Africa.
  • The report offers country level annual wind gearbox and direct-drive market volume and wind gearbox market value and units for the historical (2013-2017) and forecast (2018-2022) period.
  • It provides competitive landscape at country level for the year 2017 and country level key projects. The report provides forecasts about the gearbox refurbishment market across all levels, which include market value, volume and units.
  • The report also covers drivers and restraints along with its impact on the wind gearbox and direct-drive market, key policies and regulatory environment, and country wise key wind projects.
REASONS TO BUY

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
  • Facilitate decision-making by analyzing historical and forecast data on wind gearbox and direct-drive market.
  • Develop strategies based on developments in the wind gearbox and direct-drive market.
  • Identify key partners and business-development avenues, based on an understanding of the activities of the major competitors in the wind gearbox and direct-drive market.
  • Respond to your competitors’ business structure, strategies and prospects.
1 TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures

2 EXECUTIVE SUMMARY

2.1 China is Expected to be the Largest Market for Wind Gearboxes in 2022
2.2 Higher Failure Rate of Wind Gearbox Components Accelerates the Growth of Direct-Drive Wind Turbines

3 INTRODUCTION

3.1 Wind Power
3.2 Classification of Wind Turbine Drive Systems
3.3 Wind Gearbox and Direct-Drive, Market Segmentation
3.4 GlobalData Report Guidance

4 WIND GEARBOX AND DIRECT-DRIVE, GLOBAL

4.1 Wind Gearbox and Direct-Drive, Global, Market Overview
4.2 Wind Gearbox and Direct-Drive, Global, Value-Chain Analysis, 2017
4.3 Wind Turbine Cost-Component Analysis, 2017
4.4 Wind Gearbox and Direct-Drive, Global, Annual Installed Capacity by Region, 2017 and 2022
4.5 Wind Gearbox and Direct-Drive, Global, New Installation, Market Analysis
4.6 Wind Gearbox, Global, Refurbishment, Market Analysis
4.7 Wind Gearbox and Direct-Drive, Global, Competitive Snapshot, 2017

5 WIND GEARBOX AND DIRECT-DRIVE, ASIA-PACIFIC

5.1 Wind Power, Asia-Pacific, Market Overview
5.2 Wind Gearbox and Direct-Drive, Asia-Pacific, Market Overview
5.3 Wind Gearbox and Direct-Drive, Asia-Pacific, New Installation, Market Analysis
5.4 Wind Gearbox, Asia-Pacific, Refurbishment, Market Analysis

6 WIND GEARBOX AND DIRECT-DRIVE, CHINA

6.1 Wind Power, China, Market Overview
6.2 Wind Gearbox and Direct-Drive, China, Market Overview
6.3 Wind Gearbox and Direct-Drive, China, Policy and Regulatory Environment
6.4 Wind Gearbox and Direct-Drive, China, Market Drivers and Restraints Analysis
6.5 Wind Gearbox and Direct-Drive, China, New Installation, Market Analysis
6.6 Wind Gearbox, China, Refurbishment, Market Analysis
6.7 Wind Gearbox and Direct-Drive, China, Key Projects
6.8 Wind Gearbox Market, China, Competitive Snapshot, 2017

7 WIND GEARBOX AND DIRECT-DRIVE, INDIA

7.1 Wind Power, India, Market Overview
7.2 Wind Gearbox and Direct-Drive, India, Market Overview
7.3 Wind Gearbox and Direct-Drive, India, Policy and Regulatory Environment
7.4 Wind Gearbox and Direct-Drive, India, Market Drivers and Restraints Analysis
7.5 Wind Gearbox and Direct-Drive, India, New Installation, Market Analysis
7.6 Wind Gearbox, India, Refurbishment, Market Analysis
7.7 Wind Gearbox and Direct-Drive, India, Key Projects
7.8 Wind Gearbox, India, Competitive Snapshot, 2017

8 WIND GEARBOX AND DIRECT-DRIVE, AUSTRALIA

8.1 Wind Power, Australia, Market Overview
8.2 Wind Gearbox and Direct-Drive, Australia, Market Overview
8.3 Wind Gearbox and Direct-Drive, Australia, Policy and Regulatory Environment
8.4 Wind Gearbox and Direct-Drive, Australia, Market Drivers and Restraints Analysis
8.5 Wind Gearbox and Direct-Drive, Australia, New Installation, Market Analysis
8.6 Wind Gearbox, Australia, Refurbishment, Market Analysis
8.7 Wind Gearbox and Direct-Drive, Australia, Key Projects
8.8 Wind Gearbox, Australia, Competitive Snapshot, 2017

9 WIND GEARBOX AND DIRECT-DRIVE, AMERICAS

9.1 Wind Power, Americas, Market Overview
9.2 Wind Gearbox and Direct-Drive, Americas, Market Overview
9.3 Wind Gearbox and Direct-Drive, Americas, New Installation, Market Analysis
9.4 Wind Gearbox, Americas, Refurbishment, Market Analysis

10 WIND GEARBOX AND DIRECT-DRIVE, UNITED STATES

10.1 Wind Power, US, Market Overview
10.2 Wind Gearbox and Direct-Drive, US, Market Overview
10.3 Wind Gearbox and Direct-Drive, US, Policy and Regulatory Environment
10.4 Wind Gearbox and Direct-Drive, US, Market Drivers and Restraints Analysis
10.5 Wind Gearbox and Direct-Drive, US, New Installation, Market Analysis
10.6 Wind Gearbox, US, Refurbishment, Market Analysis
10.7 Wind Gearbox and Direct-Drive, US, Key Projects
10.8 Wind Gearbox, US, Competitive Snapshot, 2017

11 WIND GEARBOX AND DIRECT-DRIVE, CANADA

11.1 Wind Power, Canada, Market Overview
11.2 Wind Gearbox and Direct-Drive, Canada, Market Overview
11.3 Wind Gearbox and Direct-Drive, Canada, Policy and Regulatory Environment
11.4 Wind Gearbox and Direct-Drive, Canada, Market Drivers and Restraints Analysis
11.5 Wind Gearbox and Direct-Drive, Canada, New Installation, Market Analysis
11.6 Wind Gearbox, Canada, Refurbishment, Market Analysis
11.7 Wind Gearbox and Direct-Drive, Canada, Key Projects
11.8 Wind Gearbox, Canada, Competitive Snapshot, 2017

12 WIND GEARBOX AND DIRECT-DRIVE, BRAZIL

12.1 Wind Power, Brazil, Market Overview
12.2 Wind Gearbox and Direct-Drive, Brazil, Market Overview
12.3 Wind Gearbox and Direct-Drive, Brazil, Policy and Regulatory Environment
12.4 Wind Gearbox and Direct-Drive, Brazil, Market Drivers and Restraints Analysis
12.5 Wind Gearbox and Direct-Drive, Brazil, New Installation, Market Analysis
12.6 Wind Gearbox, Brazil, Refurbishment, Market Analysis
12.7 Wind Gearbox and Direct-Drive, Brazil, Key Projects
12.8 Wind Gearbox, Brazil, Competitive Snapshot, 2017

13 WIND GEARBOX AND DIRECT-DRIVE, EMEA

13.1 Wind Power, EMEA, Market Overview
13.2 Wind Gearbox and Direct-Drive, EMEA, Market Overview
13.3 Wind Gearbox and Direct-Drive, EMEA, New Installation, Market Analysis
13.4 Wind Gearbox, EMEA, Refurbishment, Market Analysis

14 WIND GEARBOX AND DIRECT-DRIVE, GERMANY

14.1 Wind Power, Germany, Market Overview
14.2 Wind Gearbox and Direct-Drive, Germany, Market Overview
14.3 Wind Gearbox and Direct-Drive, Germany, Policy and Regulatory Environment
14.4 Wind Gearbox and Direct-Drive, Germany, Market Drivers and Restraints Analysis
14.5 Wind Gearbox and Direct-Drive, Germany, New Installation, Market Analysis
14.6 Wind Gearbox, Germany, Refurbishment, Market Analysis
14.7 Wind Gearbox and Direct-Drive Market, Germany, Key Projects
14.8 Wind Gearbox, Germany, Competitive Snapshot, 2017

15 WIND GEARBOX AND DIRECT-DRIVE, UK

15.1 Wind Power, UK, Market Overview
15.2 Wind Gearbox and Direct-Drive, UK, Market Overview
15.3 Wind Gearbox and Direct-Drive, UK, Policy and Regulatory Environment
15.4 Wind Gearbox and Direct-Drive, UK, Market Drivers and Restraints Analysis
15.5 Wind Gearbox and Direct-Drive, UK, New Installation, Market Analysis
15.6 Wind Gearbox, UK, Refurbishment, Market Analysis
15.7 Wind Gearbox and Direct-Drive Market, UK, Key Projects
15.8 Wind Gearbox, UK, Competitive Snapshot, 2017

16 WIND GEARBOX AND DIRECT-DRIVE, FRANCE

16.1 Wind Power, France, Market Overview
16.2 Wind Gearbox and Direct-Drive, France, Market Overview
16.3 Wind Gearbox and Direct-Drive, France, Policy and Regulatory Environment
16.4 Wind Gearbox and Direct-Drive, France, Market Drivers and Restraints Analysis
16.5 Wind Gearbox and Direct-Drive, France, New Installation, Market Analysis
16.6 Wind Gearbox, France, Refurbishment, Market Analysis
16.7 Wind Gearbox and Direct-Drive Market, France, Key Projects
16.8 Wind Gearbox, France, Competitive Snapshot, 2017

17 WIND GEARBOX AND DIRECT-DRIVE, SOUTH AFRICA

17.1 Wind Power, South Africa, Market Overview
17.2 Wind Gearbox and Direct-Drive, South Africa, Market Overview
17.3 Wind Gearbox and Direct-Drive, South Africa, Policy and Regulatory Environment
17.4 Wind Gearbox and Direct-Drive, South Africa, Market Drivers and Restraints Analysis
17.5 Wind Gearbox and Direct-Drive, South Africa, New Installation, Market Analysis
17.6 Wind Gearbox, South Africa, Refurbishment, Market Analysis
17.7 Wind Gearbox and Direct-Drive Market, South Africa, Key Projects
17.8 Wind Gearbox, South Africa, Competitive Snapshot, 2017

18 APPENDIX

18.1 Abbreviations
18.2 Bibliography
18.3 Research Methodology
18.4 Market Volume (MW and Units)
18.5 Average Price (USD/kW)
18.6 Market Value (USD Million)
18.7 Company Share (%)
18.8 Data Aggregation
18.9 Contact Us
18.10 Disclaimer

LIST OF TABLES

Table 1: Wind Gearbox and Direct-Drive, Global, Market Snapshot
Table 2: Wind Gearbox and Direct-Drive, Global, Cost Component Analysis of Wind Turbine, 2017
Table 3: Wind Gearbox and Direct-Drive, Global, Annual Installed Capacity (GW) by Region, 2017 and 2022
Table 4: Wind Gearbox, Global, New Installation, Market Value ($bn), 2012-2022
Table 5: Wind Gearbox and Direct-Drive, Global, New Installation, Market Volume (GW and Units), 2012-2022
Table 6: Wind Gearbox, Global, Refurbishment, Market Value ($bn), 2017-2022
Table 7: Wind Gearbox, Global, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 8: Wind Gearbox, Global, Competitive Snapshot (%), 2017
Table 9: Wind Direct-Drive, Global, Competitive Snapshot (%), 2017
Table 10: Wind Gearbox and Direct-Drive, Asia-Pacific, Market Snapshot
Table 11: Wind Gearbox, Asia-Pacific, New Installation, Market Value ($bn), 2012-2022
Table 12: Wind Gearbox and Direct-Drive, Asia-Pacific, New Installation, Market Volume (GW and Units), 2012-2022
Table 13: Wind Gearbox, Asia-Pacific, Refurbishment, Market Value ($m), 2017-2022
Table 14: Wind Gearbox, Asia-Pacific, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 15: Wind Gearbox and Direct-Drive, China, Major Regulations in Renewable Energy Sector
Table 16: Wind Gearbox and Direct-Drive, China, List of Major Policies
Table 17: Wind Gearbox and Direct-Drive, China, Market Drivers and Restraints
Table 18: Wind Gearbox, China, New Installation, Market Value ($bn), 2012-2022
Table 19: Wind Gearbox and Direct-Drive, China, New Installation, Market Volume (GW and Units), 2012-2022
Table 20: Wind Gearbox, China, Refurbishment, Market Value ($m), 2017-2022
Table 21: Wind Gearbox, China, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 22: Wind Gearbox and Direct-Drive, China, Key Projects
Table 23: Wind Gearbox, China, Competitive Snapshot, 2017
Table 24: Wind gearbox and Direct-Drive, India, Mandatory Clearances Required for Setting Up Offshore Wind Farms
Table 25: Wind Gearbox and Direct-Drive, India, Result of 2 GW Inter-State Wind Power Auction, February 2018
Table 26: Wind Gearbox and Direct-Drive, India, Market Drivers and Restraints
Table 27: Wind Gearbox and Direct-Drive, India, Major FDI Investment in Renewable Energy Sector
Table 28: Wind Gearbox, India, New Installation, Market Value ($m), 2012-2022
Table 29: Wind Gearbox and Direct-Drive, India, New Installation, Market Volume (MW and Units), 2012-2022
Table 30: Wind Gearbox, India, Refurbishment, Market Value ($m), 2017-2022
Table 31: Wind Gearbox, India, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 32: Wind Gearbox and Direct-Drive, India, Key Projects
Table 33: Wind Gearbox, India, Competitive Snapshot, 2017
Table 34: Wind Gearbox and Direct-Drive, Australia, New Large-scale Renewable Energy Annual Target (TWh)
Table 35: Wind Gearbox and Direct-Drive, Australia, State-wise Renewable Energy Targets
Table 36: Wind Gearbox and Direct-Drive, Australia, Market Drivers and Restraints
Table 37: Wind Gearbox and Direct-Drive, Australia, Renewable Energy Projects in Pipeline
Table 38: Wind Gearbox, Australia, New Installation, Market Value ($m), 2012-2022
Table 39: Wind Gearbox and Direct-Drive, Australia, New Installation, Market Volume (MW and Units), 2012-2022
Table 40: Wind Gearbox, Australia, Refurbishment, Market Value ($m), 2017-2022
Table 41: Wind Gearbox, Australia, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 42: Wind Gearbox and Direct-Drive, Australia, Key Projects
Table 43: Wind Gearbox and Direct-Drive, Australia, Competitive Snapshot, 2017
Table 44: Wind Gearbox and Direct-Drive, Americas, Market Snapshot
Table 45: Wind Gearbox, Americas, New Installation, Market Value ($bn), 2012-2022
Table 46: Wind Gearbox and Direct-Drive, Americas, New Installation, Market Volume (GW and Units), 2012-2022
Table 47: Wind Gearbox, Americas, Refurbishment, Market Value ($m), 2017-2022
Table 48: Wind Gearbox, Americas, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 49: Wind Gearbox and Direct-Drive, US, Projected Wind Power Cumulative Capacity (GW) by State, 2020, 2030 and 2050
Table 50: Wind Gearbox and Direct-Drive, US, Production Tax Credit ($/kWh) by Renewable Energy Sources
Table 51: Wind Gearbox and Direct-Drive, US, Investment Tax Credits in the Renewable Energy Market
Table 52: Wind Gearbox and Direct-Drive, US, Renewable Portfolio Standards, State Targets
Table 53: Wind Gearbox and Direct-Drive, US, Market Drivers and Restraints
Table 54: Wind Gearbox, US, New Installation, Market Value ($bn), 2012-2022
Table 55: Wind Gearbox and Direct-Drive, US, New Installation, Market Volume (GW and Units), 2012-2022
Table 56: Wind Gearbox, US, Refurbishment, Market Value ($m), 2017-2022
Table 57: Wind Gearbox, US, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 58: Wind Gearbox and Direct-Drive, US, Key Projects
Table 59: Wind Gearbox and Direct-Drive, US, Competitive Snapshot, 2017
Table 60: Wind Gearbox and Direct-Drive, Canada, Renewable Energy Targets
Table 61: Wind Gearbox and Direct-Drive, Canada, Market Drivers and Restraints
Table 62: Wind Gearbox, Canada, New Installation, Market Value ($m), 2012-2022
Table 63: Wind Gearbox and Direct-Drive, Canada, New Installation, Market Volume (MW and Units), 2012-2022
Table 64: Wind Gearbox, Canada, Refurbishment, Market Value ($m), 2017-2022
Table 65: Wind Gearbox, Canada, Refurbishment, Market Volume (MW and Units), 2017-2022
Table 66: Wind Gearbox and Direct-Drive, Canada, Key Projects
Table 67: Wind Gearbox and Direct-Drive, Canada, Competitive Snapshot, 2017
Table 68: Wind Gearbox and Direct-Drive, Brazil, Renewable Energy Auction, 2007-2016
Table 69: Wind Gearbox and Direct-Drive, Brazil, Market Drivers and Restraints
Table 70: Wind Gearbox, Brazil, New Installation, Market Value ($m), 2012-2022
Table 71: Wind Gearbox and Direct-Drive, Brazil, New Installation, Market Volume (MW and Units), 2012-2022
Table 72: Wind Gearbox, Brazil, Refurbishment, Market Value ($m), 2017-2022
Table 73: Wind Gearbox, Brazil, Refurbishment, Market Volume (MW and Units), 2017-2022
Table 74: Wind Gearbox and Direct-Drive, Brazil, Key Projects
Table 75: Wind Gearbox and Direct-Drive, Brazil, Competitive Snapshot, 2017
Table 76: Wind Gearbox and Direct-Drive, EMEA, Market Snapshot
Table 77: Wind Gearbox, EMEA, New Installation, Market Value ($bn), 2012-2022
Table 78: Wind Gearbox and Direct-Drive, EMEA, New Installation, Market Volume (GW and Units), 2012-2022
Table 79: Wind Gearbox, EMEA, Refurbishment, Market Value ($m), 2017-2022
Table 80: Wind Gearbox, EMEA, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 81: Wind Gearbox and Direct-Drive, Germany, Expansion Corridor Targets, 2020-2050
Table 82: Wind Gearbox and Direct-Drive, Germany, Result of Onshore Wind Energy Auction, 2017
Table 83: Wind Gearbox and Direct-Drive, Germany, Result of offshore wind energy auctions, 2017
Table 84: Wind Gearbox and Direct-Drive, Germany, Wind Energy Feed-in Tariff, 2017
Table 85: Wind Gearbox and Direct-Drive, Germany, Market Drivers and Restraints
Table 86: Wind Gearbox, Germany, New Installation, Market Value ($bn), 2012-2022
Table 87: Wind Gearbox and Direct-Drive, Germany, New Installation, Market Volume (GW and Units), 2012-2022
Table 88: Wind Gearbox, Germany, Refurbishment, Market Value ($m), 2017-2022
Table 89: Wind Gearbox, Germany, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 90: Wind Gearbox and Direct-Drive, Germany, Key Projects
Table 91: Wind Gearbox and Direct-Drive, Germany, Competitive Snapshot, 2017
Table 92: Wind Gearbox and Direct-Drive, UK, Renewable Obligation (ROC/MWh), 2009-2019
Table 93: Wind Gearbox and Direct-Drive, UK, CFD First Allocation Round Result, 2015
Table 94: Wind Gearbox and Direct-Drive, UK, Feed-in Tariffs ($/kWh), 1st January 2017- 31st March 2019
Table 95: Wind Gearbox and Direct-Drive, UK, Market Drivers and Restraints
Table 96: Wind Gearbox, UK, New Installation, Market Value ($m), 2012-2022
Table 97: Wind Gearbox and Direct-Drive, UK, New Installation, Market Volume (MW and Units), 2012-2022
Table 98: Wind Gearbox, UK, Refurbishment, Market Value ($m), 2017-2022
Table 99: Wind Gearbox, UK, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 100: Wind Gearbox and Direct-Drives, UK, Key Projects
Table 101: Wind Gearbox and Direct-Drives, UK, Competitive Snapshot, 2017
Table 102: Wind Gearbox and Direct-Drive, France, Wind Feed-in Tariffs (€/kWh), 2017
Table 103: Wind Gearbox and Direct-Drive, France, Market Drivers and Restraints
Table 104: Wind Gearbox, France, New Installation, Market Value ($m), 2012-2022
Table 105: Wind Gearbox and Direct-Drive, France, New Installation, Market Volume (MW and Units), 2012-2022
Table 106: Wind Gearbox, France, Refurbishment, Market Value ($m), 2017-2022
Table 107: Wind Gearbox, France, Refurbishment, Market Volume (GW and Units), 2017-2022
Table 108: Wind Gearbox and Direct-Drive, France, Key Projects
Table 109: Wind Gearbox and Direct-Drive, France, Competitive Snapshot, 2017
Table 110: Wind Gearbox and Direct-Drive, South Africa, Allocation Composition of Round Five of REIPPPP (MW)
Table 111: Wind Gearbox and Direct-Drive, South Africa, Share (%) of Renewable Power in Total Power Installed Capacity, 2016-2050
Table 112: Wind Gearbox and Direct-Drive, South Africa, Capacity Addition Targets for Energy Sources, South Africa (MW and %), 2030
Table 113: Wind Gearbox and Direct-Drive, South Africa, Market Drivers and Restraints
Table 114: Wind Gearbox and Direct-Drive, South Africa, Wind Energy Projects in Pipeline
Table 115: Wind Gearbox, South Africa, New Installation, Market Value ($m), 2012-2022
Table 116: Wind Gearbox and Direct-Drive, South Africa, New Installation, Market Volume (MW and Units), 2012-2022
Table 117: Wind Gearbox, South Africa, Refurbishment, Market Value ($m), 2017-2022
Table 118: Wind Gearbox, South Africa, Refurbishment, Market Volume (MW and Units), 2017-2022
Table 119: Wind Gearbox and Direct-Drive, South Africa, Key Projects
Table 120: Wind Gearbox and Direct-Drive, South Africa, Competitive Snapshot, 2017
Table 121: Wind Gearbox and Direct-Drive, Abbreviations

Asia-Pacific (APAC) is expected to lead the global wind gearbox and direct drive equipment markets with a share of 46% and 53.5%, respectively over the forecast period (2018–2022), says GlobalData.

GlobalData’s latest report, ‘Wind Gearbox and Direct Drive, Update 2018’, reveals that the global trends of wind power are creating business opportunities for new and refurbishment markets. It states that prominent markets such as China, the US and EU, which had made significant strides in the wind market, are creating a significant market for gearbox refurbishments.

Nirushan Rajasekaram, Power Analyst at GlobalData says: “Within APAC, major countries such as China, India, Australia and South Korea are likely to boost the growth of the drive-train markets. The market for wind gearboxes in APAC is expected to reach to $1.58bn in 2022.”

China accounted for 27.3% of the global gearbox market value in 2017. The country is committed towards developing its renewable portfolio to sustain development activities and growing electricity demand from the transport sector industries and rural regions to improve standards of living, while reducing power sector emissions. However, the market is projected to decline till 2022, due to change in awarding wind projects from a feed-in tariff model to auctioning model.

Rajasekaram adds: “The historical installations of wind turbines in China will see the gearbox refurbishment market value grow significantly over the forecast period. India is estimated to be the fastest growing market for gearbox, growing at a CAGR of 15.9% over the forecast period. Similar to China, the government proposed ambitious renewable energy targets, which are expected to drive the wind equipment market. It is likely that direct drives will also see higher rates of deployment in India, during the forecast period.”

However, despite strong projections for wind gearbox and direct drive markets, certain market uncertainties exist. Major countries such as China, the US and Germany are experiencing slowdown in wind turbine installations, which would directly impact the drive-train market, although opportunities for refurbishment are plenty, owing to their legacy wind turbine installations.

Rajasekaram concludes: “Evolving power and smart technologies could result in wind power becoming uncompetitive and thereby impact its growth in the future. Emerging markets will require the construction of sufficient grid infrastructure to support new generation capacity addition, which could slow market deployment of wind power.”



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