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

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Nov 28, 2023, 05:30 ET

DUBLIN, Nov. 28, 2023 /PRNewswire/ -- The "Wind Turbine Bearings - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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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