New York, July 07, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Wind Turbine Bearings Industry" - https://www.reportlinker.com/p05960508/?utm_source=GNW
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. Taking into account the ongoing post pandemic recovery, growth in the Off-Shore segment is readjusted to a revised 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$7 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
Select Competitors (Total 49 Featured)
- AB SKF
- Dalian Metallurgical Bearing Co. Ltd.
- Defontaine SAS - Rollix
- IMO Antriebseinheit GmbH & Co. KG
- Kaydon Corporation
- Liebherr-International AG
- NSK Ltd.
- NTN Corporation
- Schaeffler Technologies AG & Co. KG
- The Timken Company
- thyssenkrupp rothe erde Germany GmbH
- Zhejiang Tianma Bearing Group Co., Ltd
Read the full report: https://www.reportlinker.com/p05960508/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Pandemic Impact and the Global Economic Update: War & Inflation
Supersede COVID-19 as Major Downside Risks for the Global
Economy in 2023 & Beyond
Industrial Activity Witnesses Recovery following Subdued
Performance in 2020
Here?s How Inflationary Pressures Affect the Economy
Russia-Ukraine War, the Primary Culprit Responsible for the
Hardships
Stubbornly High Inflation to Single Handedly Drag Down Global
Growth
Here?s What?s Causing the Current Spike in Inflation
Shaken by the War, Global Oil Prices Spiral and Feed
Inflationary Pressures, Guiding the World towards a Cost of
Living Crisis: Global Average Annual Brent Crude Oil Price
(In US$ Per Barrel) for Years 2017 through 2023
War-Induced Commodity Price Increases & Broad Based Price
Pressures Mark the Return of Global Inflation in 2022 to the
Highest Level Seen Since 1996: Global Inflation Rates (In %)
for the Years 2019 Through 2024
War, Global Inflation, Cost of Living Crisis, Failed Fiscal
Policy Attempts to Restore Price Stability & Contain Downside
Risks to Result in Sharper-Than-Expected Slowdown in Global
Economic Growth: World Economic Growth Projections (Real
GDP, Annual % Change) for the Years 2020, 2021, 2022 and
2023
Recession Triggered by Uncontrolled Inflation or Unemployment,
Which is the Greater Evil? Inflation Battling Policy Measures
to Slowdown Post Pandemic Recovery in Unemployment Rates:
Global Number of Unemployed People (In Million) for Years
2019 Through 2023
Pandemic Impact on the Bearings Market
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
2. FOCUS ON SELECT PLAYERS
3. 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
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Wind Turbine Bearings Market Analysis of Annual
Sales in US$ Million for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Wind
Turbine Bearings by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2022 through 2030 and % CAGR
Table 3: World Historic Review for Wind Turbine Bearings by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 4: World 16-Year Perspective for Wind Turbine Bearings by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World Markets for Years 2014, 2023 & 2030
Table 5: World Recent Past, Current & Future Analysis for
On-Shore by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 6: World Historic Review for On-Shore by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2014 through 2021 and %
CAGR
Table 7: World 16-Year Perspective for On-Shore by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2014, 2023 & 2030
Table 8: World Recent Past, Current & Future Analysis for
Off-Shore by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 9: World Historic Review for Off-Shore by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2014 through 2021 and %
CAGR
Table 10: World 16-Year Perspective for Off-Shore by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
Wind Turbine Bearings Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in the United States for 2023 (E)
Table 11: USA Recent Past, Current & Future Analysis for Wind
Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 12: USA Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 13: USA 16-Year Perspective for Wind Turbine Bearings by
Application - Percentage Breakdown of Value Sales for On-Shore
and Off-Shore for the Years 2014, 2023 & 2030
CANADA
Table 14: Canada Recent Past, Current & Future Analysis for
Wind Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 15: Canada Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 16: Canada 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
JAPAN
Wind Turbine Bearings Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Japan for 2023 (E)
Table 17: Japan Recent Past, Current & Future Analysis for Wind
Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 18: Japan Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 19: Japan 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
CHINA
Wind Turbine Bearings Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in China for 2023 (E)
Table 20: China Recent Past, Current & Future Analysis for Wind
Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 21: China Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 22: China 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
EUROPE
Wind Turbine Bearings Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Europe for 2023 (E)
Table 23: Europe Recent Past, Current & Future Analysis for
Wind Turbine Bearings by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 24: Europe Historic Review for Wind Turbine Bearings by
Geographic Region - France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets - Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 25: Europe 16-Year Perspective for Wind Turbine Bearings
by Geographic Region - Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2014, 2023 & 2030
Table 26: Europe Recent Past, Current & Future Analysis for
Wind Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 27: Europe Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 28: Europe 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
FRANCE
Table 29: France Recent Past, Current & Future Analysis for
Wind Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 30: France Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 31: France 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
GERMANY
Table 32: Germany Recent Past, Current & Future Analysis for
Wind Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 33: Germany Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 34: Germany 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
ITALY
Table 35: Italy Recent Past, Current & Future Analysis for Wind
Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 36: Italy Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 37: Italy 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
UNITED KINGDOM
Table 38: UK Recent Past, Current & Future Analysis for Wind
Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 39: UK Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 40: UK 16-Year Perspective for Wind Turbine Bearings by
Application - Percentage Breakdown of Value Sales for On-Shore
and Off-Shore for the Years 2014, 2023 & 2030
SPAIN
Table 41: Spain Recent Past, Current & Future Analysis for Wind
Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 42: Spain Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 43: Spain 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
RUSSIA
Table 44: Russia Recent Past, Current & Future Analysis for
Wind Turbine Bearings by Application - On-Shore and Off-Shore -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 45: Russia Historic Review for Wind Turbine Bearings by
Application - On-Shore and Off-Shore Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 46: Russia 16-Year Perspective for Wind Turbine Bearings
by Application - Percentage Breakdown of Value Sales for
On-Shore and Off-Shore for the Years 2014, 2023 & 2030
REST OF EUROPE
Table 47: Rest of Europe Recent Past, Current & Future Analysis
for Wind Turbine Bearings by Application - On-Shore and
Off-Shore - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR
Table 48: Rest of Europe Historic Review for Wind Turbine
Bearings by Application - On-Shore and Off-Shore Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 49: Rest of Europe 16-Year Perspective for Wind Turbine
Bearings by Application - Percentage Breakdown of Value Sales
for On-Shore and Off-Shore for the Years 2014, 2023 & 2030
ASIA-PACIFIC
Wind Turbine Bearings Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Table 50: Asia-Pacific Recent Past, Current & Future Analysis
for Wind Turbine Bearings by Application - On-Shore and
Off-Shore - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR
Table 51: Asia-Pacific Historic Review for Wind Turbine
Bearings by Application - On-Shore and Off-Shore Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 52: Asia-Pacific 16-Year Perspective for Wind Turbine
Bearings by Application - Percentage Breakdown of Value Sales
for On-Shore and Off-Shore for the Years 2014, 2023 & 2030
LATIN AMERICA
Wind Turbine Bearings Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Latin America for 2023 (E)
Table 53: Latin America Recent Past, Current & Future Analysis
for Wind Turbine Bearings by Application - On-Shore and
Off-Shore - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR
Table 54: Latin America Historic Review for Wind Turbine
Bearings by Application - On-Shore and Off-Shore Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 55: Latin America 16-Year Perspective for Wind Turbine
Bearings by Application - Percentage Breakdown of Value Sales
for On-Shore and Off-Shore for the Years 2014, 2023 & 2030
REST OF WORLD
Table 56: Rest of World Recent Past, Current & Future Analysis
for Wind Turbine Bearings by Application - On-Shore and
Off-Shore - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR
Table 57: Rest of World Historic Review for Wind Turbine
Bearings by Application - On-Shore and Off-Shore Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 58: Rest of World 16-Year Perspective for Wind Turbine
Bearings by Application - Percentage Breakdown of Value Sales
for On-Shore and Off-Shore for the Years 2014, 2023 & 2030
IV. COMPETITION
Read the full report: https://www.reportlinker.com/p05960508/?utm_source=GNW
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