PUBLISHER: Azoth Analytics | PRODUCT CODE: 1473859
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1473859
Azoth Analytics has released a research report titled "Global Wind Turbine Gearbox Repair and Refurbishment Market (2024 Edition)" which provides a complete analysis of the Global Wind Turbine Gearbox Repair and Refurbishment market in terms of market segmentation By Type (Repair, Refurbishment), By Service Type (Bearing, Gear, Shaft, Other Faults), By Location of Deployment (Onshore, Offshore) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The report analyses the Wind Turbine Gearbox Repair and Refurbishment Market by Region (Americas, Europe, Asia Pacific, Middle East and Africa) and 10 Countries (United States, Canada, Brazil, United Kingdom, Germany, France, China, Japan, India and South Korea). The Global Wind Turbine Gearbox Repair and Refurbishment market showcased growth at a CAGR of 3.85% during 2020-2023. The market was valued at USD 4.7 Billion in 2023 which is expected to reach USD 6.2 Billion in 2030. The world's transition to renewable energy is still happening quickly because of rapidly declining costs, advancing technology, and more favorable policy frameworks. An increased market exists for servicing, with gearbox repair and refurbishment accounting for a large portion of the annually increase in wind-turbine installations. As the flood of new demand comes out, the industry is ready to meet it.
Many types of faults can quickly arise during operation, leading to significant losses. When the wind turbine gearbox isn't operating as efficiently as it should, the owner and business could suffer significant financial losses. In addition, the complex mechanical construction and unique motion of wind turbine gearboxes have traditionally contributed to their high failure rate.
There is a greater demand for servicing and maintenance, of which gearbox repair and refurbishing make up a large portion, as wind turbine installations increase annually. Due to the large number of wind turbines that are now in operation that are getting closer to the end of their useful lives and require more frequent maintenance, the wind turbine repair market is growing.
Wind turbines are an expensive investment even if they are a renewable energy source. Therefore, it's critical to comprehend the expenses related to machine maintenance. Today, regular wind turbine servicing and maintenance is a significant global market that is growing with each new turbine that is put into service. The type of turbine, its age, the location of installation, and the quantity of wind energy generated are only a few of the considerations that affect how frequently a turbine needs maintenance. More regular maintenance is needed for some wind turbine than for others. For instance, compared to vertical axis wind turbines (VAWTs), horizontal axis wind turbines (HAWTs) typically require more maintenance. Every turbine using a conventional gearbox drivetrain technology may be eligible for a significant gearbox overhaul a few years later.
The gearbox ought to endure extremely high cycle loads for 20 to 25 years. When powering up, torque is typically high and can be quite high during emergency shutdowns. A high degree of malfunction in the gear box can become a major issue, causing extended production stoppages and necessitating the use of a tool to disassemble the damaged and defective component and replace it with a repaired or refurbished one.
The decision between refurbishing and restructuring ultimately comes down to a number of parameters, including the goals of the project, the available funds, the state of the new site, and any applicable regulations. In order to make well-informed decisions that optimize energy output and guarantee long-term reliability, stakeholders and engineers must carefully consider these issues.
Preventive and predictive maintenance is used by wind turbine operators to maintain the machinery's optimal performance and warranty compliance. Large wind farm OEMs and gearbox service providers are focusing on the locations with the highest concentration of wind farms. Therefore, the OEMs continue to underserve areas with a low concentration of wind turbines. This offers determined independent service providers a chance to carve out a niche and focus on servicing gearboxes in ignored locations.
The gearbox systems are among the most essential components of equipment in terms of wind energy technology advancements. The manufacturers of gearboxes can now select bearings designed for different operating circumstances and create gearboxes with fewer crucial components as a result of recent technical advancements. These developments have made gearbox reliability better under a range of operating conditions. It is expected that the reduced need for gearbox maintenance and refurbishing services will come from the increased reliability.
Table of Content
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: Current Offshore Wind Projects and their Estimated Timeline through 2035
Table A3: United States Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A4: United States Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A5: United States Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A6: United States Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A7: United States Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A8: United States Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A9: Canada Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A10: Canada Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A11: Canada Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A12: Canada Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A13: Canada Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A14: Canada Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A15: Brazil Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A16: Brazil Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A17: Brazil Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A18: Brazil Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A19: Brazil Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A20: Brazil Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A21: Rest of Americas Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A22: Rest of Americas Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A23: Rest of Americas Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A24: Rest of Americas Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A25: Rest of Americas Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A26: Rest of Americas Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A27: United Kingdom Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A28: United Kingdom Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A29: United Kingdom Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A30: United Kingdom Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A31: United Kingdom Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A32: United Kingdom Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A33: Germany Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A34: Germany Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A35: Germany Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A36: Germany Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A37: Germany Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A38: Germany Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A39: France Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A40: France Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A41: France Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A42: France Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A43: France Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A44: France Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A45: Rest of Europe Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A46: Rest of Europe Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A47: Rest of Europe Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A48: Rest of Europe Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A49: Rest of Europe Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A50: Rest of Europe Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A51: China Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A52: China Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A53: China Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A54: China Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A55: China Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A56: China Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A57: Japan Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A58: Japan Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A59: Japan Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A60: Japan Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A61: Japan Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A62: Japan Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A63: India Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A64: India Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A65: India Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A66: India Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A67: India Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A68: India Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A69: South Korea Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A70: South Korea Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A71: South Korea Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A72: South Korea Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A73: South Korea Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A74: South Korea Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A75: Rest of Asia Pacific Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2020-2023 (USD Million)
Table A76: Rest of Asia Pacific Wind Turbine Gearbox Repair and Refurbishment Market, By Type, By Value, 2024-2030 (USD Million)
Table A77: Rest of Asia Pacific Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2020-2023 (USD Million)
Table A78: Rest of Asia Pacific Wind Turbine Gearbox Repair and Refurbishment Market, By Service Type, By Value, 2024-2030 (USD Million)
Table A79: Rest of Asia Pacific Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2020-2023 (USD Million)
Table A80: Rest of Asia Pacific Wind Turbine Gearbox Repair and Refurbishment Market, By Location of Deployment, By Value, 2024-2030 (USD Million)
Table A81: Siemen Gamesa Key Company Financials, 2021-2022
Table A82: ZF Friedrichshafen Key Company Financials, 2021-2023