Global Wind Turbine Bearings Market Report 2023: Market to Reach $27.9 Billion by 2030 - Wind Arena Witnesses Winds of Change with Turbine Standardization & Modularization
Wednesday, December 6, 2023
DUBLIN, Nov. 28, 2023 /PRNewswire/ -- The "Wind Turbine Bearings - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Wind Turbine Bearings Market to Reach $27.9 Billion by 2030
The global market for Wind Turbine Bearings estimated at US$15 Billion in the year 2022, is projected to reach a revised size of US$27.9 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030.
On-Shore, one of the segments analyzed in the report, is projected to record 7.9% CAGR and reach US$21.4 Billion by the end of the analysis period. Growth in the Off-Shore segment is estimated at 8.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 9.5% CAGR
The Wind Turbine Bearings market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Competitive Scenario
-- Collaboration as Key to Unlock Reliability & Performance Gains for Wind
Turbines
-- Select Innovations
-- Wind Turbine Bearings - Global Key Competitors Percentage Market Share
in 2023 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2023 (E)
-- Turbines: Enhancing the Performance of Power Generation
-- Global Market Prospects & Outlook
-- Analysis by Application
-- World Wind Turbine Bearings Market by Application (2023 & 2030):
Percentage Breakdown of Sales for On-Shore, and Off-Shore
-- Regional Analysis
-- World Wind Turbine Bearings Market (2023 & 2030): Percentage Breakdown
of Sales for Developed and Developing Regions
-- World Wind Turbine Bearings Market - Geographic Regions Ranked by CAGR
(Sales) for 2022-2030: China, Asia-Pacific, Latin America, Rest of
World, USA, Canada, Europe, and Japan
-- Wind Energy and Wind Turbines: An Overview
-- Wind Turbine Design
-- Wind Energy and Wind Turbines: Notable Facts
-- Bearings: Essential Anti-Friction Parts in Modern Mechanical Machinery
-- Bearings and Major Applications
-- Wind Turbine Bearings: An Introduction
-- Recent Market Activity
MARKET TRENDS & DRIVERS
-- Energy Sector: Pandemic Brings Numerous Challenges to Wind Energy Sector
-- Global Energy Market Growth Outlook (In %) for Years 2019 through 2025
-- Opportunities for the Power & Energy Sector in the Post-Pandemic Era
-- Growing Focus on Renewable Energy: A Strong Growth Driver
-- Leading Wind Power Countries Worldwide: Ranking Based on Key Wind Power
Facts
-- World Installed Base of Wind Energy (in Megawatts) by Geographic Region:
2018, 2021 & 2024
-- Global Energy Generation Mix (in %) for 2018 and 2050
-- Targets for Electricity Production from Renewable Energy Sources in
Select Countries
-- Electricity Demand Patterns to Drive Growth for Wind Energy:
Application-Specific Bearings Gain Momentum
-- Projected Global Demand for Electricity (MWh): 2015, 2025, & 2035
-- Change in Gross Electricity Demand in TWh for 2017-50
-- Global Primary Energy Consumption (Billion toe): Growth Trajectory for
the Period 1990-2040
-- Global Energy Consumption (Billion toe) by Country/Region (1995, 2017
and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle
East and Rest of World
-- Estimated Global Power Generation Infrastructure Requirement (in US$
Billion) for China, India, Latin America, and North America over the
Period 2010-2030
-- Wind Arena Witnesses Winds of Change with Turbine Standardization &
Modularization
-- Rapid Urbanization: A Mega Growth Driver for Wind Energy and Turbines
-- World Population (in Thousands) by Geographic Region for the Years 2018,
2025, 2040, and 2050
-- World Urban Population in Million and as Percentage of Total Population
for the Period 1950-2050
-- World Population Urbanization Rate (%) by Region/Country: 2016 & 2040
-- Smart Cities & Smart Grids Elevate the Prospects for Wind Energy and
Turbines
-- Global Smart Grid Market (In US$ Billion) for Years 2021, 2023, 2025 and
2027
-- Global Market for Smart Grids (in US$ Billion) for the Years 2020
-- Advent of Bearings with Sensors Drives Growth
-- Bearings, IIoT & Predictive Maintenance
-- Market to Witness Unconventional Growth for Smart Bearings as Adoption
of Predictive Analytics in Failure & Maintenance Rises on the Back of
IIoT: Global Breakdown of Investments in Manufacturing IoT (in US$
Billion) for the Years 2020, 2022, 2024, and 2026
-- Focus on Lightweighting Has Manufacturers Looking Beyond Steel
-- Wind Turbine Manufacturing Next Level with Next-Generation Bearings
-- Sophisticated Bearing Solutions Storming into Wind Turbine Space
-- Wind Energy Industry Runs Like a Wind with Tapered Roller Bearings for
Turbines
-- Sail Ahoy Moment for Wind Energy with Innovative Gearbox Roller Bearings
-- Need to Bring Down Levelized Cost of Wind Power Sets Ideal Stage for
Advanced Rolling Bearings
-- Black Oxide Bearings is the New Black for Reliable Wind Energy
Operations
-- Bearing Failures in Wind Turbines: A Major Challenge to Overcome
-- Ultrasound Devices for Detecting Issues with Turbine Blade Bearings
FOCUS ON SELECT PLAYERS (Total 49 Featured)
-- AB SKF
-- Dalian Metallurgical Bearing Co. Ltd.
-- Defontaine SAS - Rollix
-- IMO Antriebseinheit GmbH & Co. KG
-- Kaydon Corporation
-- Liebherr-International AG
-- NSK Ltd.
-- NTN Corporation
-- Schaeffler Technologies AG & Co. KG
-- The Timken Company
-- thyssenkrupp rothe erde Germany GmbH
-- Zhejiang Tianma Bearing Group Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/n97kqh
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