The US Wind Turbine Gearbox Market Analysis and Forecasts to 2013

Government incentives in the form of Renewable Portfolio Standards (RPS) and extended Production Tax Credits (PTC) resulting in new installations will play a key role in driving the US wind turbine gearbox market. Another driver for this industry is replacement demand arising from defaults in already-installed turbines. As gearboxes generally have high default per batch manufactured compared with other equipments, replacement demand is higher than that of other industries.

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A key restraint faced by this market is the economic slowdown that has led to delay and cancellation of installations. This slowed down the demand for gearboxes. The demand is expected to be sluggish till 2010. However, with strong support from the government, it is expected that the market will resume growth, post 2010.

The chief criteria for purchase in the US wind turbine gearbox market are pricing, energy efficiency, branding and quality. End-users are highly focused on lowering the total cost of ownership while making a purchase decision. To this end, consumers prefer energy efficient systems with efficient packages. Consumers also prefer to purchase gearboxes from established, reputed brands, as gearboxes are high-priced systems meant for long-term use. Consumers prefer systems that are durable and reliable, which last for an average 20 years. Stress on quality is likely to increase further in future due to rise in high-investment, large-scale projects.

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Dearth of skilled manpower for turbine and gearbox services is the most serious challenge facing the US wind gearbox industry today, as it hampers sales and services revenues. This is expected to aggravate highly with rapid wind market expansion following government initiatives for wind development. Currently, the U.S. has about 2,500 people trained in wind turbine operations and maintenance. The US government’s projected wind energy goal for 2030 would require an estimated 70,000 skilled professionals. Currently, manufacturers find it difficult to provide enough personnel to do preventative maintenance services including changing of oil, lubrication of gearboxes etc.

GlobalData’s latest report ‘The US Wind Turbine Gearbox Market Analysis and Forecasts to 2013’ gives an in-depth analysis of the US wind turbine gearbox market and provides forecasts up to 2013. This research analyzes the growth and evolution of the US wind gearbox market up to 2008 and gives historical and forecast statistics for the period 2001 to 2013. This research analyses growth opportunities and challenges faced by the US gearbox market. The report also provides information on manufacturer share and provides elaborate company profiles of key market participants to give a comprehensive understanding of the market’s competitive scenario. The regulatory framework governing the US wind market has also been dealt with in detail.

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http://www.global-market-research-data.com/Report.aspx?ID=The_US_Wind_Turbine_Gearbox_Market_Analysis_and_Forecasts_to_2013

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