Segmentation By Product (Main Gearbox & Yaw & Pitch Gearbox); By Gearbox Failure (Planetary Stage Bearing, Intermediate Speed Stage Bearing & High Speed Stage Bearing); By Deployment (Onshore & Offshore) – Europe Demand Analysis and Opportunity Assessment 2018-2027
Buy NowEUROPE WIND TURBINE GEARBOX REPAIR AND REFURBISHMENT MARKET
1. INTRODUCTION
1.1. MARKET DEFINITION
1.2. MARKET SEGMENTATION
1.3. PRODUCT OVERVIEW
2. ASSUMPTIONS AND ABBREVIATIONS
3. RESEARCH METHODOLOGY
3.1. RESEARCH OBJECTIVE
3.2. SECONDARY & PRIMARY RESEARCH
4. EXECUTIVE SUMMARY - EUROPE WIND TURBINE GEARBOX REPAIR AND REFURBISHMENT MARKET
5. INDUSTRY VALUE CHAIN ANALYSIS
6. WIND TURBINE GEARBOX INSPECTION OUTLOOK
6.1. INSPECTION METHODS
- BORESCOPE
- VIBRATIONAL ANALYSIS
- OIL SAMPLING
- ROTOR IMBALANCE MEASUREMENTS
6.2. INSPECTION STANDARDS
7. REGULATORY LANDSCAPE
7.1. RENEWABLE OBLIGATION CERTIFICATE
8. ANALYSIS OF MARKET DYNAMICS
8.1. GROWTH DRIVERS
8.2. KEY TRENDS
9. KEY MARKET OPPORTUNITIES
10. MAJOR ROADBLOCKS FOR THE MARKET GROWTH
11. DEMAND-SUPPLY OUTLOOK
11.1. DEMAND RISK ANALYSIS
11.2. SUPPLY RISK ANALYSIS
12. EUROPE WIND TURBINE GEARBOX REPAIR AND REFURBISHMENT MARKET OUTLOOK
12.1. MARKET SIZE AND FORECAST, 2018-2027
- BY VALUE (USD MILLION)
12.2. EUROPE WIND TURBINE GEARBOX REPAIR AND REFURBISHMENT MARKET SEGMENTATION, 2018-2027
- MARKET OVERVIEW
- MARKET SIZE, 2015-2027F (USD MILLION)
- ASSESSMENT OF MACROECONOMIC FACTORS
- BY PRODUCT
· MAIN GEARBOX, 2018-2027F (USD MILLION)
· YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
- BY GEARBOX FAILURE TYPE
· PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
· INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
· HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
- BY DEPLOYMENT
· ONSHORE, 2018-2027F (USD MILLION)
· OFFSHORE, 2018-2027F (USD MILLION)
- BY COUNTRIES
· GERMANY, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
o BY GEARBOX FAILURE TYPE
- PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
- INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
- HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
o BY DEPLOYMENT
- ONSHORE, 2018-2027F (USD MILLION)
- OFFSHORE, 2018-2027F (USD MILLION)
· UK, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
o BY GEARBOX FAILURE TYPE
- PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
- INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
- HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
o BY DEPLOYMENT
- ONSHORE, 2018-2027F (USD MILLION)
- OFFSHORE, 2018-2027F (USD MILLION)
· FRANCE, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
o BY GEARBOX FAILURE TYPE
- PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
- INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
- HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
o BY DEPLOYMENT
- ONSHORE, 2018-2027F (USD MILLION)
- OFFSHORE, 2018-2027F (USD MILLION)
· ITALY, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
o BY GEARBOX FAILURE TYPE
- PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
- INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
- HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
o BY DEPLOYMENT
- ONSHORE, 2018-2027F (USD MILLION)
- OFFSHORE, 2018-2027F (USD MILLION)
· SPAIN, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
o BY GEARBOX FAILURE TYPE
- PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
- INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
- HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
o BY DEPLOYMENT
- ONSHORE, 2018-2027F (USD MILLION)
- OFFSHORE, 2018-2027F (USD MILLION)
· SWEDEN, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
o BY GEARBOX FAILURE TYPE
- PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
- INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
- HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
o BY DEPLOYMENT
- ONSHORE, 2018-2027F (USD MILLION)
- OFFSHORE, 2018-2027F (USD MILLION)
· POLAND, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- YAW & PITCH GEARBOX, 2018-2027F (USD MILLION)
o BY GEARBOX FAILURE TYPE
- PLANETARY STAGE BEARING, 2018-2027F (USD MILLION)
- INTERMEDIATE SPEED STAGE BEARING (ISS-B), 2018-2027F (USD MILLION)
- HIGH SPEED STAGE BEARING (HSS-B), 2018-2027F (USD MILLION)
o BY DEPLOYMENT
- ONSHORE, 2018-2027F (USD MILLION)
- OFFSHORE, 2018-2027F (USD MILLION)
· REST OF EUROPE, 2018-2027F (USD MILLION)
o BY PRODUCT
- MAIN GEARBOX, 2018-2027F (USD MILLION)
- TURBINE REPAIR SOLUTIONS
- GRENAA MOTORFABRIK A/S
- ENERCON GmbH
- OTHER MARKET PLAYERS
Growth Indicators
Growing Demand for Energy and Power Across the Region
The demand for energy and power has increased significantly over the previous decade in Europe. Particularly, there has been growing concerns about the adverse effects of using energy that can harm the environment in the long run. Therefore, many renewable sources of energy are being encouraged to be adopted that can help in protecting the environment from further damages. The number of windmills that have been established in the region is projected to raise the demand for gearbox that might undergo several changes and, in some cases, also suffer from failures. The necessary steps have to be taken to correct such failures immediately, failing which there are higher probabilities of the productivity of the generator falling down at a rapid rate. Moreover, the advent of green energy in the region is anticipated to raise the prospects for the growth of the green market which will further increase the growth opportunities for the repair and refurbishment of windmills. The capacity of power that has been installed through setting up of wind mills is much higher than the other forms of energy in Europe in the year 2018. According to Wind Europe, more capacity of wind power had been installed as compared to other forms of power generation in the European Union in the year 2018. About 48% of the total power capacity installations had been arising from wind power. All these factors are estimated to boost the growth of the market in the upcoming years.
Rising Environmental Concerns and Growing Number of Government Initiatives
The number of wind farms that are being established across several countries in the European region are increasing, with environmental concerns becoming the top priority for the governments across the region. Moreover, the dependency on energy from other countries in the region is slowly being reduced, with targets being set in order to develop renewable energy infrastructure. Further, many concessions and incentives have been offered to developers by several governments in the region that has helped increase the establishment of wind energy infrastructure in many parts of Europe. The growing installation of wind-turbines accompanied by rising demand for repairs of gearboxes by wind farm operators are estimated to drive the growth of the market in the forthcoming years.
Barriers
Gearboxes in wind turbines can face many problems during the course of their operation such as the gearbox being made to undergo many changes suddenly and frequently at the time of handling of power. Such power fluctuations that may result in variations in load can impact the performance of the gearboxes that would require quick repair and refurbishment, so that the power generation efficiency of the turbines is resumed in a shorter span of time. Moreover, there are other sources of energy that have emerged as alternatives to wind energy such as solar energy and few others. All these factors are anticipated to limit the growth of the market over the forecast period.
By Product
On the basis of product, the Europe wind turbine gearbox repair and refurbishment market is segmented into main gearbox and yaw and pitch gearbox. Main gearbox segment is estimated to observe a significant growth in its revenues and is also anticipated to hold the highest market share by end of forecast period. Some of the main features of the main wind turbine gearbox are that it maintains turbine rotational speed and the generator speed for optimization and power limitation. Brevini wind had introduced a new and innovative main gearbox for wind turbine range starting from 0.9 MW to 3.5 MW. The cost of maintenance is low and Brevini’s gearbox offers cost-effective solutions by least 75% as compared to the earlier solutions. In addition to that, the gearbox is light-weight and bearings and gears have a longer lifetime. These factors are anticipated to raise the demand for main gearboxes over the forecast period. CLICK TO DOWNLOAD FREE SAMPLE
By Gearbox Failure
The market is segmented by gearbox failure into planetary stage bearing, intermediate speed stage bearing & high-speed stage bearing. Planetary stage bearing recorded the highest market share in the region as of 2018 and is anticipated to grow significantly in the coming years. This is on account of planetary gearboxes that have the capability to withstand harsh loading, in addition to factors such as planetary gear damage that has the capacity to affect the life of gearboxes in wind turbines. All these factors are anticipated to increase the demand for planetary stage bearing over the forecast period.
By Deployment
The market is segmented by deployment into offshore and onshore segments. The onshore segment is anticipated to register significant revenues and is predicted to hold the largest market share over the forecast period. This is owing to factors such as rising number of nations in Europe anticipated to install higher number of wind turbines across the region. Moreover, several new models of onshore turbine had been announced by wind turbine manufacturers in Europe. For instance, Nordex-Acciona had announced its new model N-163/5.X model in August 2019. Similarly, another leading market player Siemens Gamesa Renewable Energy had announced its 5.X platform being the SG 5.8-170 turbine model having the longest onshore rotor diameter of 170 meters.
Some of the renowned industry leaders in the Europe wind turbine gearbox repair and refurbishment market are Dana Vindkraft, Siemens Gamesa Renewable Energy S.A., ME Production A/S, Stork-FDO Wind Energy Systems B.V., Winergy Group, ZF Friedrichshafen AG, Turbine Repair Solutions, A/S Grenaa Motorfabrik and Enercon GmbH.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
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