London, 25 March 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Wind Turbine Gearbox Market 2015-2019, which is expected to grow steadily during the period 2014-2019 and grow at a CAGR of 8 percent in terms of capacity and 6.1 percent in terms of revenue.
“Expertise in metal work, shipbuilding, civil works, and electrical manufacturing are some of the core skillsets required to construct a gearbox wind turbine,” says Faisal Ghaus, Vice President of TechNavio.
“The need for manpower with specialized skills to develop wind turbine gearboxes will increase rapidly because of the increasing number of wind turbines globally.”
Key Market Drivers
- Increased Demand for Wind Power Plants
- Decline in Gearbox Unit Cost
- Government Support for Wind Energy Projects
- Ambitious Renewable Energy Targets
Key Market Trends
- Increased Traction of Vertical integration
- Increased Focus on R&D to Improve Gearbox Reliability
- Increased Employment Opportunities
Key Market Vendors
- Bosch Rexroth AG
- China High Speed Transmission Equipment Group Co. Ltd.
- Gamesa Energy Transmission
- Moventas Oy
- Winergy AG
- ZF Friedrichshafen AG
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
