Wind Turbine Gearbox Market Growing Steadily At 3% CAGR To 2020

ReportsnReports.com adds Global Wind Turbine Gearbox Market 2016-2020 latest research report; this analyst forecast the global wind turbine gearbox market to grow at a CAGR of 3% with respect to installation capacity during the period 2016-2020.

December 8, 2016 /MarketersMedia/ —

The global wind turbine gearbox market analyst says wind turbine producers and manufacturers are paying a lot of attention to the proactive and preventive maintenance rather than reactive maintenance. Gearboxes are installed with probes, sensors, and filters to monitor the properties of gear oil, such as temperature, viscosity, contamination, and thickness. Condition monitoring plans are primarily functional for offshore turbines as the total cost of reactive maintenance is high when compared with preventive maintenance.

Complete report on wind turbine gearbox market spread across 87 pages, analyzing 5 major companies and providing 62 data exhibits are now available at http://www.reportsnreports.com/reports/769783-global-wind-turbine-gearbox-market-2016-2020.html

According to the wind turbine gearbox market report, the gearbox, being a crucial component of a wind turbine, needs to have high reliability. This has not been the case in the past. Increased R&D in gearbox wind technology is mainly focused on solving the reliability issue. The major focus areas of R&D include improvement in gearbox design, quality control at every step of the manufacturing process, and improvement in quality testing procedures and standards. Increased focus on R&D is expected to boost the gearbox system reliability and increase its lifespan. This will boost overall wind turbine gearbox market growth in the future.

The following companies are the key players in the global wind turbine gearbox market: China High Speed Transmission, Gamesa Energy Transmission, Moventas, Winergy, and ZF Friedrichshafen. Other prominent vendors in the market are: Brevini Power Transmission, Chongqing Gearbox, Eickhoff, ISHIBASHI Manufacturing, RENK, and ZOLLERN. Order a copy of Global Wind Turbine Gearbox Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=769783

In terms of geographical analysis, APAC will continue to dominate wind turbine gearbox market and is likely to account for revenue of almost $7 billion by 2020. China and India will emerge as the key revenue-generators. Power generation through wind turbines is heavily dependent on meteorological conditions, especially the wind speed. The maximum energy that can be harnessed by a wind turbine is roughly proportional area swept by the rotor. Countries are shifting their focus toward renewable resources to produce electricity due to the increased awareness about the depletion of conventional resources and greenhouse gas emissions. Governments worldwide are realizing the potential and long-term benefits of utilizing wind energy. To help the wind energy industry grow, governments are setting up favorable policies to help establish and sustain wind power against cheaper alternatives.

Global Wind Turbine Gearbox Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global wind turbine gearbox market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of wind turbine gearbox.

Further, the wind turbine gearbox market report states that the replacement cost can vary in the range of $216,000 to $540,000 based on the turbine size and the wind farm’s location. This causes an increase in the overall costs of the wind power plant, creating a big growth bottleneck for the industry. The other major problem arising out of gearbox failure is the rise in downtime by two or three times, which is significantly high when compared with any other wind turbine component failure.

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