Wind Turbine Brakes Market: Government Measures To Promote Renewable Energy In Rural Regions May Increase Demand For Wind Turbine Brakes

Wind Turbine Brakes Market Overview

According to a research survey conducted by ChemView Consulting, in 2022, the Global Wind Turbine Brakes Market was worth US$ 286.1 Mn and is expected to grow at a CAGR of 7.2% over the forecast period. The market is expected to hit US$ 573.4 Mn by 2032 end.

Due to the cleaner and more affordable electricity that wind turbines produce compared to fossil fuels, demand for wind turbines has been growing internationally. The gearbox that lowers the rotating speed of the blade assembly is close to the wind turbine brakes. In the event of power transmission maintenance, power generator rest, and in an emergency, the brakes prevent the blade from rotating.

ChemView Consulting has analyzed that the increase in industrialization and urbanization worldwide has expanded the market for wind turbine brakes. Global energy demand is increasing as a result of this. Around the world, investments in offshore wind energy have also been growing quickly.

According to ChemView Consulting, the main factor contributing to market gain is the increased government measures to promote renewable energy in rural regions may increase demand for wind turbine brakes. The increasing demand for electricity from wind energy is driving the need for wind turbine brakes.

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Segments Covered in Report

By Material:

  • Sintered
  • Organic
  • Others

By Application:

  • Onshore
  • Offshore

By Installation:

  • Company Fitted
  • Retrofit

By Type:

  • Hydraulic
  • Pneumatic
  • Mechanical

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Wind Turbine Brakes Market

  • Based on the application, onshore application segments are economically viable and widely used; they are anticipated to dominate the market.
  • Based on the installation, the retrofit category is expected to expand considerably. Retrofitting describes integrating new features or technologies into an outdated system. It assists in lowering capital expenses while gaining access to unique technological advantages and lowering maintenance costs.
  • Due to increasing investment in wind energy in the area, Asia Pacific led the global market for wind turbine brakes in 2021with a market share of 45.0%. In nations like China, India, and Japan in the Asia Pacific, investments in the renewable energy sector are rising quickly. It is expected to stimulate the local market. The world’s largest installed base of wind power is in China.

Competition Summary

Key companies covered in the market study are Alian Huarui Heavy Industry India Company Private Limited, ICP Wind, ANTEC, Dellner Bubenzer Group, W.C. Branham, Inc, Industrial Clutch Parts, PINTSCH BUBENZER GmbH, iZanda Portable Machines Tools S.L, COHORT Manufacturing Ltd, KTR Systems GmbH, Altra Industrial Motion Corp and KOR-PAK Corporation.

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Report Key Highlights

  • Detailed information on factors that will assist Global Wind Turbine Brakes’s growth during the next ten years
  • Assessment of the historical and current Global Wind Turbine Brakes Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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