A gearbox is typically used in a wind turbine to increase rotational speed from a low-speed rotor to a higher speed electrical generator. A common ratio is about 90:1, with a rate 16.7 rpm input from the rotor to 1,500 rpm output for the generator. Wind turbine gearboxes is expected to witness strong growth in the near future, thanks to the rise in the number of offshore installations. The increasing government support in terms of funding and investments for wind energy projects is also anticipated to boost this market significantly in the coming years. Researchers estimate this market to expand at a CAGR of 3.0% during the period from 2016 to 2020. The growing demand for electricity, on account of the augmenting population and the swift industrialization, is projected to boost the demand for wind turbine gearboxes in this region in the years to come, states the report. Report offers complete overview of this market, highlighting key market trends, driving factors, restraints, challenges, lucrative opportunities, and growth prospects.
Prominent participants mentioned in this research report are Chongqing Gearbox, Brevini Power Transmission, Eickhoff, RENK, ISHIBASHI Manufacturing, and ZOLLERN.
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