Gebr. Eickhoff Maschinenfabrik and Eisengiesserei GmbH
General Electric Co.
Hottinger Bruel and Kjaer GmbH
ISHIBASHI Manufacturing Co. Ltd.
ME Production Aps
Moventas Gears Oy
Nord Gear Ltd.
Shandong Qingneng Power Co. Ltd.
Siemens AG
Voith GmbH and Co. KGaA
ZF Friedrichshafen AG
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The wind turbine gearbox market is forecasted to grow by USD 4,662.4 mn during 2024-2029, accelerating at a CAGR of 6.3% during the forecast period. The report on the wind turbine gearbox market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising height and capacity of wind towers, decline in levelized cost of electricity (LCoE) of wind power generation, and increase in offshore wind energy installations.
Market Scope
Base Year
2025
End Year
2029
Series Year
2025-2029
Growth Momentum
Accelerate
YOY 2025
5.9%
CAGR
6.3%
Incremental Value
$4,662.4 mn
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's wind turbine gearbox market is segmented as below:
By Type
Replacement
New
By Application
Onshore
Offshore
By Component
Planetary gearboxes
Helical gearboxes
Bevel gearboxes
By Geographical Landscape
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the decline in cost of gearboxes used in wind power generation as one of the prime reasons driving the wind turbine gearbox market growth during the next few years. Also, growing repair and remanufacture market for wind turbine gearboxes and integration of iot technologies in wind turbine gearboxes will lead to sizable demand in the market.
The report on the wind turbine gearbox market covers the following areas:
Wind Turbine Gearbox Market sizing
Wind Turbine Gearbox Market forecast
Wind Turbine Gearbox Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine gearbox market vendors that include Bonfiglioli Riduttori Spa, Dana Inc., Elecon Engineering Co. Ltd., Flender GmbH, Gebr. Eickhoff Maschinenfabrik and Eisengiesserei GmbH, General Electric Co., Hottinger Bruel and Kjaer GmbH, ISHIBASHI Manufacturing Co. Ltd., ME Production Aps, Moventas Gears Oy, Nord Gear Ltd., Shandong Qingneng Power Co. Ltd., Siemens AG, Suzlon Energy Ltd., Voith GmbH and Co. KGaA, ZF Friedrichshafen AG, and ZOLLERN GmbH and Co. KG. Also, the wind turbine gearbox market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Wind Turbine Gearbox Market 2019 - 2023
Historic Market Size - Data Table on Global Wind Turbine Gearbox Market 2019 - 2023 ($ million)