The global Turbine Gear Boxes market was valued at 55.25 Million USD in 2021 and will grow with a CAGR of 8.9% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Turbine gear box is typically used in a wind turbine to increase rotational speed from a low-speed rotor to a higher speed electrical generator. A common ratio is about 90:1, with a rate 16.7 rpm input from the rotor to 1,500 rpm output for the generator. It is important to ensure that the drivetrain effectively isolates the gearbox, or to ensure that the gearbox is designed to support these loads, otherwise internal gearbox components can become severely misaligned. This can lead to stress concentrations and failures.Turbine gear boxes market kept growing in recent years. As many countries are promoting the wind energy construction, turbine gear boxes market will keep in rapid development. Viewed from the supply side, in the past few years, there are only a few companies in the turbine gear boxes industry due to the technical barrier. Most of the manufacturers concentrate in US and EU. China is becoming the important market. Viewed from the demand side, the current demand for turbine gear boxes is growing. In 2015, the global production of the turbine gear boxes reaches over 66856 MW; the gross margin was around 24.77% during the last five years. We forecast that the global turbine gear boxes market will grow in a CAGR of 10.38% from 2016 to 2021. At present, main manufacturers in the market are Siemens, China Transmission and ZF etc. The leading three companies occupy about 73% market share in 2015. To grab more market, main companies have to increase the technology innovation and speed up the product upgrading. Many companies are trying to break through the barriers and enter the industry. In the future, turbine gear boxes market will still be a market of high concentration in a short time. In order to feed the changing technical requirements, turbine gear boxes manufacturers need to pay attention to the technical innovation. In future, integration will be the technology trends of turbine gear boxes.

By Market Verdors:

Siemens

China Transmission

ZF

Moventas

VOITH

Allen Gears

By Types:

<1.5MW

1.5 MW - 3 MW

>3 MW

By Applications:

Onshore

Offshore

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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