Global Wind Turbine Gear Oils Industry

Global Wind Turbine Gear Oils Industry

  • September 2020 •
  • 175 pages •
  • Report ID: 5960511 •
  • Format: PDF
Global Wind Turbine Gear Oils Market to Reach 107.3 Thousand Metric Tons by 2027

Amid the COVID-19 crisis, the global market for Wind Turbine Gear Oils estimated at 48.9 Thousand Metric Tons in the year 2020, is projected to reach a revised size of 107.3 Thousand Metric Tons by 2027, growing at aCAGR of 11.9% over the period 2020-2027. Onshore, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach 95.9 Thousand Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore segment is readjusted to a revised 27.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at 14.4 Thousand Metric Tons, While China is Forecast to Grow at 11.4% CAGR

The Wind Turbine Gear Oils market in the U.S. is estimated at 14.4 Thousand Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 18.8 Thousand Metric Tons by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 10% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.We bring years of research experience to this 7th edition of our report. The 175-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • AMS Technologies AG
  • BP PLC
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Royal Dutch Shell PLC