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Report overview
The global Wind Power Couplings market size is projected to reach US$ 82.34 billion by 2027, from US$ 54.03 billion in 2020, at a CAGR of 7.27% during 2021-2027.
Flexible couplings in wind turbines are used on the high-speed (the output) shaft of the gearbox to drive the generator. The task is made more difficult because the coupling is working in a nacelle where everything gearbox and generator mostly moves around, a bit thanks to the high vibration environment.
Market Analysis and Insights: Global Wind Power Couplings Market
Due to the COVID-19 pandemic, the global Wind Power Couplings market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Rigidity accounting for % of the Wind Power Couplings global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Wind Power Industry segment is altered to an % CAGR throughout this forecast period.
North America Wind Power Couplings market is estimated at US$ million in 2022, while Europe is forecast to reach US$ million by 2030. The proportion of the North America is % in 2022, while Europe percentage is %, and it is predicted that Europe share will reach % in 2030, trailing a CAGR of % through the analysis period 2023-2030. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Wind Power Couplings include Zero-Max, LORD, Regal Rexnord, Rexnord, Gearbox Express, Geislinger, KTR, VULKAN and Zhuzhou Times New Material Technology and etc. In terms of revenue, the global 3 largest players have a % market share of Wind Power Couplings in 2022.
Global Wind Power Couplings Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the markets growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2030. This section mentions the volume of production by region from 2017 to 2030. Pricing analysis is included in the report according to each type from the year 2017 to 2030, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.
Global Wind Power Couplings Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2030. by Application segment also provides consumption during the forecast period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
