About Bearings
Bearings are machine elements used to reduce energy loss caused by friction in the rotary parts of a broad range of equipment and machinery. There are several types of bearings such as ball bearings, roller bearings, plain bearings, and others. Technological advances and the growing need to address energy efficiency in a range of applications are leading to a continuous improvement in bearing designs. Therefore, the prospects for market growth of bearings are closely linked to the growth in production of high-performance industrial equipment and machinery.
Technavio’s analysts forecast the global wind turbine bearing market to grow at a CAGR of 12.61% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global wind turbine bearing market for 2016-2020. To calculate the market size, the report considers the average price of bearings.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Wind Turbine Bearing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Dalian Metallurgical Bearing
• SKF
• Timken
• TMB
• ZWZ
Other prominent vendors
• IMO
• Liebherr
• NSK
• NTN Bearing
• Rollix
• Rothe Erde
• Schaeffler
Market driver
• Rise in offshore installations
• For a full, detailed list, view our report
Market challenge
• R&D in direct-drive generators for wind turbines will impact gearing demand
• For a full, detailed list, view our report
Market trend
• Growing environmental concerns
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market size and forecast
• Five forces analysis
PART 06: Market drivers
• Decline in LCOE of wind power generation
• Increase in rotor diameter
• Rise in offshore installations
PART 07: Market challenges
• Competition from fossil fuels
• R&D in direct-drive generators for wind turbines will impact gearing demand
• Bearings cause high failure rate of wind turbine components
• High investments needed in offshore projects
PART 08: Impact of drivers and challenges
PART 09: Market trends
• Increase in demand for power
• Growing environmental concerns
PART 10: Market segmentation by product
• Wind turbine bearing market by product
PART 11: Market segmentation by application
• Market overview
• Global onshore wind turbine bearing market
• Global offshore wind turbine bearing market
PART 12: Geographical segmentation
• Market overview
• Wind turbine bearing market in APAC
• Wind turbine bearing market in EMEA
• Wind turbine bearing market in Americas
PART 13: Vendor landscape
• Competitive landscape
• Other prominent vendors
PART 14: Key vendor analysis
• Dalian Metallurgical Bearing Group
• SKF
• Timken
• TMB
• ZWZ
PART 15: Appendix
• List of abbreviations
PART 16: Explore Technavio
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Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: Global cumulative wind installed capacity 2015-2020 (GW)
Exhibit 04: Annual installation growth rate by region
Exhibit 05: Wind turbine components
Exhibit 06: Cost breakdown of wind turbine components
Exhibit 07: Global wind turbine bearing market 2015-2020 ($ billions)
Exhibit 08: Elements causing most downtime in wind turbines
Exhibit 09: Five forces analysis
Exhibit 10: Cost of producing electricity in UK from different sources 2014-2015 ($/kW)
Exhibit 11: Country-wise onshore wind power LCOE in 2015 ($/kWh)
Exhibit 12: Impact of rotor diameter, turbine size, and hub height on annual wind energy production
Exhibit 13: Evolution of wind turbine size 1980-2011
Exhibit 14: Global cumulative offshore wind installation capacity 2006-2015 (MW)
Exhibit 15: Global electricity generation by source and wind power generation share in global electricity generation 2001-2013 (%)
Exhibit 16: Major malfunction leading to wind turbine component failure
Exhibit 17: Gearbox component failure leading to malfunction
Exhibit 18: Reasons for bearing failure
Exhibit 19: Impact of drivers and challenges
Exhibit 20: Countries with renewable targets and policies 2005
Exhibit 21: Countries with renewable targets and policies 2015
Exhibit 22: New wind installation targets by 2020 (GW)
Exhibit 23: Estimated global annual CO? emissions 2014-2032 (million tons)
Exhibit 24: Wind turbine bearing market by product segmentation
Exhibit 25: Wind turbine bearing market by product segmentation 2015 and 2020 ($ millions)
Exhibit 26: Global wind turbine bearing market by application 2015 and 2020
Exhibit 27: Global onshore wind turbine bearing market 2015-2020 ($ billions)
Exhibit 28: Global cumulative onshore wind capacity 2010-2015 (GW)
Exhibit 29: New onshore wind installations in top five countries in 2015 (MW)
Exhibit 30: Global offshore wind turbine bearing market 2015-2020 ($ billions)
Exhibit 31: Global cumulative offshore wind capacity 2010-2014 (MW)
Exhibit 32: Cumulative offshore wind capacity by country in 2015 (MW)
Exhibit 33: Global wind turbine bearing market by geography 2015 and 2020
Exhibit 34: Wind turbine bearing market in APAC 2015-2020 ($ billions)
Exhibit 35: Total installed wind power capacity in China 2010-2015 (MW)
Exhibit 36: Total installed wind power capacity in India 2010-2015 (MW)
Exhibit 37: Wind capacity in other prominent APAC countries 2010-2015 (MW)
Exhibit 38: Wind turbine bearing market in EMEA 2015-2020 ($ billions)
Exhibit 39: Total installed wind power capacity in Germany 2010-2015 (MW)
Exhibit 40: Total installed wind power capacity in UK 2010-2015 (MW)
Exhibit 41: Wind turbine bearing market in Americas 2015-2020 ($ billions)
Exhibit 42: Benefits of Timken's WR SRB bearings
Exhibit 43: Wind power capacity in US 2010-2015 (MW)
Exhibit 44: Wind power capacity in Canada 2010-2015 (MW)
Exhibit 45: Market shares of global wind turbine vendors 2015 (%)
Exhibit 46: Other prominent vendors
Exhibit 47: Timken: Precision ball bearings
