Slewing Ring Bearings are Expected to Dominate the Global Wind Power Bearing Market
Governments around the world are investing heavily
in wind power projects. This investment is driving the growth of the wind power
market, which is in turn driving the demand for wind power bearings.
According
to TechSci Research report, “Global Wind Power Bearing Market - By Country,
Competition, Forecast & Opportunities, 2028”. The Global Wind Power Bearing is anticipated to project
robust growth in the forecast period with a CAGR of 11.85% through 2028. The increasing population
subsequently increases the consumption of energy, which needs to be met through
the high volume production of sustainable renewable energy. Wind turbines are
one of the sources of renewable energy and are widely accepted by the
government and various organizations, as they produce high energy as compared
to other sources.
The
demand for wind turbine bearings is increasing due to the rising installation
of wind turbine energy plants across the globe. The wind turbine bearings are
manufactured to withstand the high temperatures, moister, load fluctuation, and
under extreme weather conditions. The wind turbine bearings are also used to reduce
energy loss by decreasing the friction between the rotating components. This
wind turbine bearing converts kinetic energy into mechanical energy and this
mechanical energy can be used for various purposes like powering electric
generators or it can be used for household electricity requirements. A wind
turbine is proven green electricity technology; and does not emit carbon
dioxide. The rising support of government policies for wind energy production,
the requirement for high-capacity bearings in wind turbines, and the adoption
of smart industrial bearings will propel the demand of the wind turbine bearing
market. Moreover, the technological advancement for high energy efficient
bearings, a vast number of wind installation projects, and a rise in demand for
power generation in emerging economies are driving the wind turbine bearings
market.
The
cost of production of wind energy is decreased over the years; however,
technological advancement requires a high initial investment. Additionally, the
complex manufacturing processes, effects on the environment such as high noise
produced by the rotating blades, and threat to wildlife habitat are some
factors going to hamper the wind turbine bearing market in the near future.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on " Global Wind
Power Bearing Market.”
The
slewing ring bearings segment is expected to be the fastest-growing segment in
the market from 2023-2028. The slewing ring bearings are large-scale mechanical
rotating bearings and are used to carry large axial and radial loads. The
slewing ring bearings are used in the pitch and yaw location of the wind
turbine, and they help to rotate the blade smoothly. The precise construction of slewing ring bearing
is necessary for the distribution of weight on the wind turbine. The spherical
roller bearings segment holds the largest share of the wind turbine bearing
market. Spherical roller bearings are designed for the main shaft of the wind
turbine to hold a large amount of load.
The
on-shore segment is anticipated to be the fastest-growing segment in the market
from 2023-2028. The on-shore wind turbine bearings are cost-effective as
compared to the off-shore bearings. The on-shore wind turbine bearings have
shown a cost reduction over three decades; however, they are always criticized
for producing high noise pollution. Off-shore wind turbine bearings segment
holds the largest share of the market. The efficiency of the off-shore segment
is higher as compared to the on-shore segment. The off-shore bearings are more
reliable and steadier supplier of energy.
Key
market players in the Global Wind Power Bearing Market are following:-
- SKF
Group
- Schaeffler
Group
- Timken
Company
- NSK
Ltd
- NTN
Corporation
- JTEKT
Corporation
- Regal
Beloit Corporation
- ZWZ
Bearings
- Wafangdian
Bearing Group Corporation (ZWZ)
- RBC
Bearings Incorporated
Download
Free Sample Report
Customers can also request for 10% free customization on
this report.
“Asia
Pacific region is predicted to dominate the market growth during the forecast
period. The demand for energy is increasing in this region, to meet the needs
and to avoid the pollution from the coal plants, the governments are focusing
on the production of green energy. The countries like China and India are
producing more than 14% of their total energy from renewable sources. China
surpasses Europe to become the largest capacity regional wind market and
produces 328GW of wind energy. India is expected to increase wind power
production to 185GW in the forecast period. Investment from the countries like
South Korea and Japan is expected to support the growth of the wind turbine
bearing market” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management
consulting firm.
Wind Power Bearing Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast Segmented by Type ( Slewing Ring Bearings and Spherical Roller Bearings), By
Application (Onshore, Offshore), By Product (GBMB and BBYBGB), By Region,
Competition 2018-2028 has
evaluated the future growth potential of Global Wind Power Bearing Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Wind
Power Bearing Market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com