Global Turbine Gear Boxes Market Growth 2023-2029

Global Turbine Gear Boxes Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Turbine Gear Boxes Industry Forecast” looks at past sales and reviews total world Turbine Gear Boxes sales in 2022, providing a comprehensive analysis by region and market sector of projected Turbine Gear Boxes sales for 2023 through 2029. With Turbine Gear Boxes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turbine Gear Boxes industry.

This Insight Report provides a comprehensive analysis of the global Turbine Gear Boxes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Turbine Gear Boxes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Turbine Gear Boxes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Turbine Gear Boxes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Turbine Gear Boxes.

The global Turbine Gear Boxes market size is projected to grow from US$ 7712.5 million in 2022 to US$ 14410 million in 2029; it is expected to grow at a CAGR of 14410 from 2023 to 2029.

Global Turbine Gear Boxes key players include Siemens, China Transmission, ZF, Moventas, VOITH, etc. Global top five players hold a share about 80%.

China is the largest market, with a share about 45%, followed by Europe and North America, having a total share about 45 percent.

In terms of product, 1.5 MW - 3 MW is the largest segment, with a share about 90%. And in terms of application, the largest application is Onshore, followed by Offshore.

This report presents a comprehensive overview, market shares, and growth opportunities of Turbine Gear Boxes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Less than 1.5MW

1.5 MW - 3 MW

More than 3 MW

Segmentation by application

Onshore

Offshore

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Siemens

China Transmission

ZF

Moventas

VOITH

Allen Gears

Key Questions Addressed in this Report

What is the 10-year outlook for the global Turbine Gear Boxes market?

What factors are driving Turbine Gear Boxes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Turbine Gear Boxes market opportunities vary by end market size?

How does Turbine Gear Boxes break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.