GLOBAL TRADE CONSULTING estimates the worldwide market for wind turbine gear boxes to be $ 3.8 billion, with a growth rate exceeding 16% per year. GLOBAL TRADE CONSULTING has just released a new multi-client market research report on the World Wide Market for Wind Turbine Gear Boxes and components.
!!!!! NEWS FOR IMMEDIATE RELEASE !!!!!
MARKET FOR WIND TURBINE GEAR BOXES TAKING OFF AGAIN!
The worldwide market for Wind Turbine Gear Boxes has undergone several years of upheaval, culminating with the current period which is characterized by renewed high demand. GLOBAL TRADE CONSULTING has just released a new multi-client report on this market, with detailed information on; gear box demand, gear box suppliers, OEM customers, parts/materials suppliers, and much more. According to GLOBAL TRADE CONSULTING's president, Kenneth O. Eldib, "demand for wind turbine gear boxes is finally living up to expectations, as many countries have recovered from the recession and others are following through on decisions to invest heavily in wind energy." In addition, the oil spill in the Gulf of Mexico is making governments and business leaders re-think the actual cost of over reliance on oil and other fossil fuels.
Leading manufacturers of wind turbine gear boxes worldwide include; Winergy, GE Transportation, Hanson (Suzlon) and Bosch-Rexroth. A growing number of U.S, Japanese and European companies are targeting this market in an attempt to exploit the opportunity to supply major wind turbine OEMs such as; Vestas, GE Energy, Siemens and others.
GLOBAL TRADE CONSULTING estimates the worldwide market for wind turbine gear boxes to be $ 3.8 billion, with a growth rate exceeding 16% per year.
GLOBAL TRADE CONSULTING's new study also includes data on which gear box makers produce their own gears, and who are the gear, gear blank and steel companies supplying those who rely on other companies to make critical gears for them.
U.S. companies have been slow to capitalize on the exploding demand for wind turbine gear boxes, but there are some firms exploiting this opportunity, chief among them is GE Transportation's Drivetrain Technologies division and newcomers such as Brad Foote Gear Works, Inc.
European companies like Rexnord, Metso and Maag have supplied the gear box makers with large precision gears for many years, while U.S. companies like Horsburgh-Scott and Indiana Gear are making inroads into this market recently.
Due to the enormous stresses encountered in this application, steel for the huge gears used in wind turbine gear boxes must be of the highest quality in the world. Important steel suppliers include; Ascometal, Timken and the Ellwood Group, while major Japanese companies are eyeing the market as well.
GLOBAL TRADE CONSULTING's report includes data on participating companies; sales, market share, supply chain, contact information and more. For additional information, contact GLOBAL TRADE CONSULTING - providing industrial market research for over twenty years.
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