A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Wind
Turbine Bearing
Market. The
study, titled “Wind
Turbine Bearing Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2026”,
is available for sale on the firm’s website.
There
exists a pressing need to find an alternative source of energy
considering the ever increasing demand for energy and depletion of
natural resources such as fossil fuels, natural gas, coal, and wood.
The need for energy can be met through a sustainable and renewable
source of energy. Wind energy can be classified as a form of solar
energy. It can be described as the process by which wind is used to
generate electricity or mechanical power. Wind turbine, similar to
propeller blades of aircraft, rotate with the help of the moving air,
and converts the kinetic energy into mechanical power. This
mechanical power can be used for various purposes. For instance, it
can be used for household electricity requirements or to power an
electric generator.
Browse
Market Research Report @
Wind
turbine is a proven technology that generates power. It is
acknowledged as a clean and environmental friendly technology; it
does not emits carbon dioxide. Demand for components and parts
associated with wind turbine has been rising considering the increase
in the number of wind installations across the globe. Bearing is one
such important component of wind turbine. Wind turbine bearings are
designed to withstand extreme temperatures, load fluctuations,
maintenance access and lubricant optimization. Bearing are designed
taking into account their reliability, operating efficiency, and
application suitability. For instance, the fiberglass used in turbine
blades is particularly heavy and entails complex manufacturing
processes.
The
wind turbine bearing market is driven by factors such as large number
of wind installation projects, developments and innovation in the
field of wind power generation, and increase in demand for efficient
wind turbine components and parts. Rise in demand for power
generation in emerging economies, especially China and India, are the
key factors driving the wind turbine bearing market. The cost of wind
power generation has decreased significantly over the years; however,
the technology associated with it mandates high initial investment.
Additionally, intricate and complex manufacturing methods,
environmental concerns such as noise produced by the rotor blades,
and threat to wildlife habitat such as birds and bats due to the
rotation of blades are some of the factors likely to hamper the wind
turbine bearing market in the near future.
Based
on application, the wind turbine bearing market can be segmented into
gearbox (spherical roller bearings, cylindrical roller bearing,
metric tapers, radial bearings, and angular contact bearings), main
shaft (spherical, cylindrical, and tapered), electric generator
(hybrid and electrically insulated radial ball bearings), rotor
bearing (cylindrical/spherical thrust roller), and rotor pitch (slew
rings). In terms of end-user, the wind turbine bearing market can be
classified into residential, commercial, and industrial. The
industrial segment can be further divided into agriculture, power
generation, industrial automation, and telecommunication. Industrial
is the major end-user of wind turbine bearings; it accounts for key
share of the wind turbine bearing market.
In
terms of region, North America is the major market for wind turbine
bearings, led by the shift toward the usage of wind and solar energy
in order to comply with carbon emission standards and lower
dependence on fossil fuels. The wind turbine bearing market in Europe
and Asia Pacific is expected to expand significantly during the
forecast period, driven by the federal wind energy policies and
increase in government initiatives that support wind turbine
installation.
The
global wind turbine bearing market is well diversified and highly
competitive, with the presence of established international and
regional vendors. Complexity of the manufacturing process, offshore
and onshore application of bearings, and the capability of
manufacturers to provide the same distinguishes them from
competitors. Key players operating in the wind turbine bearing market
are: ZWZ, Dalian Metallurgical Bearing Group, SKF, Timken, TMB, LYC
Bearing, Xibei Bearing, Rothe Erde, Schaeffler Group, Kaydon, and
Rollix.
Get
accurate market forecast and analysis on the Wind Turbine Bearing
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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