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Surging 11% Growth in the Worldwide Wind Turbine Bearing Industry to 2024 - Latest Trends and Drivers

published: 2020-05-21 10:00

The "Global Wind Turbine Bearing Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The wind turbine bearing market is poised to grow by $ 7.22 billion during 2020-2024 progressing at a CAGR of 11% during the forecast period. The reports on wind turbine bearing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Image by Bishnu Sarangi from Pixabay

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the favourable policies and incentives pertaining to clean energy and rising investments in clean sources of energy. In addition, decreasing levelized cost of electricity of wind energy is anticipated to boost the growth of the market as well.

The wind turbine bearing market is set to grow at a CAGR of 11%  (=$7.22 billion) during 2020-2024.

The wind turbine bearing market analysis includes product segment, application segment, and geographic landscape.

This study identifies the advancements in onshore wind energy technology as one of the prime reasons driving the wind turbine bearing market growth during the next few years. Also, the growing number of offshore wind farm installations, and the rising environmental concerns will lead to sizable demand in the market.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The decreasing levelized cost of electricity of wind energy is anticipated to boost the growth of the market.

Companies Mentioned

  • AB SKF
  • Dalian Metallurgical Bearing Co. Ltd.
  • JTEKT Corp.
  • LYC Bearing Corp.
  • NSK Ltd.
  • NTN Corp.
  • Schaeffler AG
  • The Timken Co.
  • thyssenkrupp AG
  • Wafangdian Bearing Co. Ltd.

Key Topics Covered:

1. Executive Summary

2. Market Landscape

3. Market Sizing

4. Five Forces Analysis

5. Market Segmentation by Product

6. Market Segmentation by Application

7. Customer landscape

8. Geographic Landscape

9. Vendor Landscape

10. Vendor Analysis


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