LONDON–(BUSINESS WIRE)–#GlobalWindTurbineBearingMarket–Technavio has been monitoring the wind turbine bearing market, operating under the industrials sector. The latest report on wind turbine bearing market, 2020-2024 estimates it to register an incremental growth of by USD 7.22 billion, almost at a CAGR of 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. AB SKF, Dalian Metallurgical Bearing Co. Ltd., JTEKT Corp., LYC Bearing Corp., NSK Ltd., NTN Corp., Schaeffler AG, The Timken Co., thyssenkrupp AG, and Wafangdian Bearing Co. Ltd. are among some of the major market participants.
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Rising investments in clean sources of energy have been instrumental in driving the growth of the market. However, the competition from alternative sources of energy might hamper market growth.
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Wind Turbine Bearing Market 2020-2024: Segmentation
Wind Turbine Bearing Market is segmented as below:
-
Product
- GBMB
- BBYBGB
-
Application
- Offshore
- Onshore
-
Geographic Landscape
- APAC
- Europe
- North America
- South America
- MEA
Based on geographic segmentation, over 59% of the market growth originated from APAC during the forecast period. In addition, the GBMB segment led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Wind Turbine Bearing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wind turbine bearing market report covers the following areas:
- Wind Turbine Bearing Market Size
- Wind Turbine Bearing Market Trends
- Wind Turbine Bearing Market Industry Analysis
This study identifies the rising number of offshore wind farm installations as one of the prime reasons driving the Wind Turbine Bearing Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Wind Turbine Bearing Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist wind turbine bearing market growth during the next five years
- Estimation of the wind turbine bearing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the wind turbine bearing market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wind turbine bearing market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by product
- GBMB – Market size and forecast 2019-2024
- BBYBGB – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Onshore – Market size and forecast 2019-2024
- Offshore – Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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