Market Overview

The Global Wind Turbine Gearbox Market was valued at USD 18,418.4 million in 2023 and is expected to reach USD 39,022.7 million by 2031 while growing at a CAGR of 8.7% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global wind turbine gearbox market growth. The wind turbine gearbox is a vital component in the wind turbine system, integral to converting the rotational energy from the blades into electrical power. As part of the drivetrain, it adjusts the blade rotation speed to efficiently generate power by increasing it from the slow blade rotation to the higher speed needed by the generator.

Increasing Wind Power Capacity and government policies and incentives drive the growth of the wind turbine gearbox market. However, obstacles like reliability and maintenance challenges, as well as the shift towards direct drive systems, may hinder market expansion.

Furthermore, the global wind turbine gearbox industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Location of Deployment Analysis

The Global Wind Turbine Gearbox Market is segmented among Onshore, and Offshore, based on Location of Deployment. In 2023, Offshore accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Wind Turbine Gearbox Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Dana Brevini SpA, Siemens Gamesa Renewable Energy SA, ME Production AS, Stork Gears & Services BV, Winergy Group, ZF Friedrichshafen AG, Turbine Repair Solutions, and Elecon Engineering Company Limited.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Wind Turbine Gearbox Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Wind Turbine Gearbox Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Wind Turbine Gearbox Market Segmentation, By Location of Deployment

• Global Wind Turbine Gearbox Market Share Analysis, By Location of Deployment

• Global Wind Turbine Gearbox Market Growth Analysis, By Location of Deployment

• Global Wind Turbine Gearbox Market Trends, By Location of Deployment

o Onshore

o Offshore

6. Global Wind Turbine Gearbox Market Segmentation, By Region

• Global Wind Turbine Gearbox Market Share Analysis, By Region

• Global Wind Turbine Gearbox Market Growth Analysis, By Region

• Global Wind Turbine Gearbox Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• Dana Brevini SpA*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Siemens Gamesa Renewable Energy SA

• ME Production AS

• Stork Gears & Services BV

• Winergy Group

• ZF Friedrichshafen AG

• Turbine Repair Solutions

• Elecon Engineering Company Limited

 *Similar analysis will be provided for each company listed above.