Friday 1 May 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Wind Turbine Gearbox Market: Bosch Rexroth AG, China High Speed Transmission Equipment Group Co. Ltd., Gamesa Energy Transmission, Moventas Oy, Winergy AG and ZF Friedrichshafen AG.
Other Prominent Vendors in the market are: Brevini Power Transmission, Chongqing Gearbox, Eickhoff Group, ISHIBASHI Manufacturing, Renk and ZOLLERN
The report said: “Vertical integration has gained considerable momentum in the wind industry and this helps the manufacturers ensure adequate supply of spare parts, thereby decreasing the risk of shortage of important turbine components. Vertical integration helps the manufacturers achieve their production targets without any delay.”
According to the report, market vendors are leveraging the increased demand for wind power plants. Increased efforts to tap wind energy potential in China, Germany, and the US are fueling this demand. Growing awareness about the benefits of wind energy is fueling the demand for wind turbine gearboxes because they can increase the rotational speed and energy output, ensuring a high rate of return for investors from wind projects.
Further, the report states that the high failure rate of wind gearboxes because of frequent and high fluctuations in wind patterns poses a significant threat to market vendors. The failure of gearboxes will significantly increase downtime and costs for vendors.
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 and vendor landscape in addition to a SWOT analysis of the key vendors.