GDAE1068MAR-Wind Turbine Gearbox and Direct Drive Systems ... · GDAE1068MAR / Published DEC 2012...

Wind Turbine Gearbox and Direct Drive Systems Global Market Size, Company Share, Gearbox Refurbishments and Key Country Analysis to 2020

GDAE1068MAR / Published DEC 2012 Wind Turbine Gearbox and Direct Drive Systems - Global Market Size,

Company Share, Gearbox Refurbishments and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced,

shared or resold in any form

Global Wind Power Market will Register Steady Growth during the Forecast Period

Global wind energy installed capacity increased at a Compound Annual Growth Rate (CAGR) of XX% from XX Megawatts (MW) in 2006 to XX MW in 2011, of which XX MW came online in 2011. Global wind power markets recovered in 2011 following a XX% fall in annual additions in 2010, as major wind markets such as the US, Germany and Spain faced economic difficulties following the global economic recession. Wind power has become an important player in the global energy market, with the growing equipment market creating many opportunities for employment. The industry provides employment to over XX people worldwide. The exponential growth of the wind energy market is fueled by the depletion of fossil fuel reserves, the declining cost of wind power generation and a growing sensitivity to the environment, and is supported by financial incentives from various governments across the world. China, the US, Germany, Spain and India are major wind markets, accounting for a combined XX% share of global cumulative installed capacity in 2011.

The growth of major wind power markets such as the US, Germany, Spain, France, Italy, India and China is expected to slow during the forecast period between 2011 and 2020. Emerging markets in the Asia-Pacific and south and central America regions are expected to gain considerable market shares. The growth of the Asia-Pacific wind power market, driven by emerging countries such as India, China, the Republic of Korea, Thailand and the Philippines, will continue to drive the market in the region. Countries such as Argentina, South Africa, the Philippines, Ukraine, Brazil, the republic of Korea and Mexico are some other examples of nascent wind markets that are set to expand rapidly over the forecast period. Against this backdrop, global wind power installed capacity is expected to reach XX MW by 2020.

China the Largest Wind Power Market in Terms of Cumulative Installed Capacity in 2010

China’s wind power market is growing at a fast pace, having emerged as the largest wind market in the world in 2010, when it surpassed the US. The country transformed its position in the wind industry from being a mere player in 2001 to being a market leader in 2010, on the basis of strong government support for the industry. The cumulative installed capacity of wind power in China increased from XX MW in 2006 to XX MW in 2011 at a CAGR of XX%. Government support in the form of favorable rules and regulations and a speedy approval process drove the Chinese wind market to achieve an annual growth rate of more than XX% between 2006 and 2009. The country installed XX GW of additional capacity in 2009, doubling the capacity for the fourth year in a row to XX GW. In 2010, China installed XX GW of annual capacity at a growth rate of XX%, while in 2011 the annual growth rate declined to XX%. Supportive government policies, including an attractive

concessional program and the availability of low cost financing from government banks, are critical for the success of the Chinese wind power market. China is expected to continue to promote wind power in order to reduce its carbon footprint and increase rural electrification.

The US is the second largest wind power market in the world, with a cumulative global capacity share of XX% in 2011. Germany is the third largest wind power market in the world, with a share of XX% as of 2011. Spain is the fourth largest wind power market, with a cumulative share of XX% as of 2011. The other major wind power markets include India with a share of XX%, Italy with XX%, France with XX%, the UK with XX%, Canada with XX% and Portugal with XX%.

Offshore Wind Power Market Development to Gain Momentum

The offshore wind market is expected to become one of the major market segments of wind power generation during the forecast period. Offshore wind power installations accounted for XX% of the global wind power market in 2011. Offshore wind power is being increasingly explored across the world for its high yield due to winds in the country, which are stronger and more consistent compared to those onshore, with scope to construct large Gigawatt (GW) scale projects. The UK, Germany, the Netherlands, the US and China are the biggest offshore wind power markets in the world, with a number of current projects both in planning and under construction. With an increasing number of countries exploiting offshore wind potential during the forecast period, the share of the global wind power market accounted for by offshore wind potential is expected to reach XX% by 2020.

Wind Power Market, Global, Share of Offshore Wind (%), 2011-2020

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Source: GlobalData, Alternative Energy eTrack [Access date: October 4, 2012]

GDAE1068MAR / Published DEC 2012 Page 4 Wind Turbine Gearbox and Direct Drive Systems - Global Market Size,



1 Table of Contents 1 Table of Contents ............................................................................................................................ 4

1.1 List of Tables............................................................................................................................. 7 1.2 List of Figures............................................................................................................................ 9

2 Introduction ................................................................................................................................... 11 2.1 Wind Power, Technology Definition.......................................................................................... 11 2.2 Wind Turbine Components, Overview ...................................................................................... 11 2.3 Classification of Wind Turbine Drive Systems........................................................................... 13

2.3.1 Gearbox ......................................................................................................................... 13 2.3.2 Direct Drive or Gearless Wind Turbines........................................................................... 13

2.4 GlobalData Report Guidance ................................................................................................... 14 3 Wind Power Market, Global............................................................................................................ 15

3.1 Wind Power Market, Global, Overview ..................................................................................... 15 3.2 Wind Power Market, Global, Installed Capacity, 2006-2020 ...................................................... 16 3.3 Wind Power Market, Global, Installed Capacity by Country, 2011.............................................. 18

3.3.1 Wind Power Market, Global, Cumulative Installed Capacity, 2011 .................................... 18 3.3.2 Wind Power Market, Global, Annual Installed Capacity, 2011........................................... 19

4 Wind Turbine Gearbox and Direct Drive Systems Market, Global .................................................... 20 4.1 Wind Turbine Gearbox Market, Global, Overview ..................................................................... 20 4.2 Wind Turbine Gearbox Market, Global, Installation (Units), 2006-2020 ...................................... 20 4.3 Wind Turbine Gearbox Market, Global, Installations (MW), 2006-2020 ...................................... 22 4.4 Wind Turbine Gearbox Market, Global, Average Price, 2006-2020 ............................................ 23 4.5 Wind Turbine Gearbox Market, Global, Market Size, 2006-2020 ............................................... 24 4.6 Wind Turbine Gearbox Market, Global, Market Share, 2011...................................................... 25 4.7 Refurbishment Market for Wind Gearbox, Global, 2011-2020.................................................... 27

4.7.1 Refurbishment Market for Wind Gearbox, Global (Units), 2011-2020 ................................ 27 4.7.2 Refurbishment Market for Wind Gearbox, Global (MW), 2011-2020.................................. 28 4.7.3 Refurbishment Market for Wind Gearbox, Global, Market Size, 2011-2020 ....................... 29

4.8 Wind Turbine Direct Drive Market, Global, Installed Capacity, 2006-2020.................................. 30 4.9 Wind Turbine Direct Drive Market, Global, Market Share, 2011................................................. 32

5 Wind Turbine Gearbox and Direct Drive Market, The US................................................................. 33 5.1 Wind Power Market, The US, Overview.................................................................................... 33 5.2 Wind Power Market, The US, Installed Capacity, 2006-2020..................................................... 33 5.3 Wind Turbine Gearbox Market, The US, Installation (Units), 2006-2020 .................................... 35 5.4 Wind Turbine Gearbox Market, The US, Installations (MW), 2006-2020 .................................... 36 5.5 Wind Turbine Gearbox Market, The US, Average Price, 2006-2020 .......................................... 37 5.6 Wind Turbine Gearbox Market, The US, Market Size, 2006-2020.............................................. 38 5.7 Refurbishment Market for Wind Gearbox, The US, 2011-2020 .................................................. 39

5.7.1 Refurbishment Market for Wind Gearbox, The US (Units), 2011-2020 .............................. 39 5.7.2 Refurbishment Market for Wind Gearbox, The US (MW), 2011-2020 ................................ 40 5.7.3 Refurbishment Market for Wind Gearbox, The US, Market Size ($m), 2011-2020.............. 41

5.8 Wind Turbine Direct Drive Market, The US, Installed Capacity, 2006-2020 ................................ 42 6 Wind Turbine Gearbox and Direct Drive Market, Canada ................................................................ 43

6.1 Wind Power Market, Canada, Overview ................................................................................... 43 6.2 Wind Power Market, Canada, Installed Capacity, 2006-2020 .................................................... 44 6.3 Wind Turbine Gearbox Market, Canada, Installation (Units), 2006-2020 .................................... 46 6.4 Wind Turbine Gearbox Market, Canada, Installations (MW), 2006-2020 .................................... 47 6.5 Wind Turbine Gearbox Market, Canada, Average Price, 2006-2020.......................................... 48 6.6 Wind Turbine Gearbox Market, Canada, Market Size, 2006-2020 ............................................. 49 6.7 Refurbishment Market for Wind Gearbox, Canada, 2011-2020.................................................. 50

6.7.1 Refurbishment Market for Wind Gearbox, Canada (Units), 2011-2020.............................. 50 6.7.2 Refurbishment Market for Wind Gearbox, Canada (MW), 2011-2020................................ 51 6.7.3 Refurbishment Market for Wind Gearbox, Canada, Market Size ($m), 2011-2020 ............. 52

6.8 Wind Turbine Direct Drive Market, Canada, Installed Capacity, 2006-2020................................ 53 7 Wind Turbine Gearbox and Direct Drive Market, Germany .............................................................. 54

7.1 Wind Power Market, Germany, Overview ................................................................................. 54 7.2 Wind Power Market, Germany, Installed Capacity, 2006-2020 .................................................. 54 7.3 Wind Turbine Gearbox Market, Germany, Installation (Units), 2006-2020.................................. 56 7.4 Wind Turbine Gearbox Market, Germany, Installations (MW), 2006-2020.................................. 57 7.5 Wind Turbine Gearbox Market, Germany, Average Price, 2006-2020........................................ 58




7.6 Wind Turbine Gearbox Market, Germany, Market Size, 2006-2020 ........................................... 59 7.7 Refurbishment Market for Wind Gearbox, Germany, 2011-2020................................................ 60

7.7.1 Refurbishment Market for Wind Gearbox, Germany (Units), 2011-2020............................ 60 7.7.2 Refurbishment Market for Wind Gearbox, Germany (MW), 2011-2020.............................. 61 7.7.3 Refurbishment Market for Wind Gearbox, Germany, Market Size ($m), 2011-2020........... 62

7.8 Wind Turbine Direct Drive Market, Germany, Installed Capacity, 2006-2020.............................. 63 8 Wind Turbine Gearbox and Direct Drive Market, Spain.................................................................... 64

8.1 Wind Power Market, Spain, Overview ...................................................................................... 64 8.2 Wind Power Market, Spain, Installed Capacity, 2006-2020........................................................ 64 8.3 Wind Turbine Gearbox Market, Spain, Installation (Units), 2006-2020 ....................................... 66 8.4 Wind Turbine Gearbox Market, Spain, Installations (MW), 2006-2020 ....................................... 67 8.5 Wind Turbine Gearbox Market, Spain, Average Price, 2006-2020 ............................................. 68 8.6 Wind Turbine Gearbox Market, Spain, Market Size, 2006-2020................................................. 69 8.7 Refurbishment Market for Wind Gearbox, Spain, 2011-2020..................................................... 70

8.7.1 Refurbishment Market for Wind Gearbox, Spain (Units), 2011-2020 ................................. 70 8.7.2 Refurbishment Market for Wind Gearbox, Spain (MW), 2011-2020................................... 71 8.7.3 Refurbishment Market for Wind Gearbox, Spain, Market Size ($m), 2011-2020 ................ 72

8.8 Wind Turbine Direct Drive Market, Spain, Installed Capacity, 2006-2020................................... 73 9 Wind Turbine Gearbox and Direct Drive Market, Italy ...................................................................... 74

9.1 Wind Power Market, Italy, Overview......................................................................................... 74 9.2 Wind Power Market, Italy, Installed Capacity, 2006-2020.......................................................... 74 9.3 Wind Turbine Gearbox Market, Italy, Installation (Units), 2006-2020.......................................... 76 9.4 Wind Turbine Gearbox Market, Italy, Installations (MW), 2006-2020.......................................... 77 9.5 Wind Turbine Gearbox Market, Italy, Average Price, 2006-2020................................................ 78 9.6 Wind Turbine Gearbox Market, Italy, Market Size, 2006-2020................................................... 79 9.7 Refurbishment Market for Wind Gearbox, Italy, 2011-2020 ....................................................... 80

9.7.1 Refurbishment Market for Wind Gearbox, Italy (Units), 2011-2020.................................... 80 9.7.2 Refurbishment Market for Wind Gearbox, Italy (MW), 2011-2020 ..................................... 81 9.7.3 Refurbishment Market for Wind Gearbox, Italy, Market Size ($m), 2011-2020................... 82

9.8 Wind Turbine Direct Drive Market, Italy, Installed Capacity, 2006-2020 ..................................... 83 10 Wind Turbine Gearbox and Direct Drive Market, France.................................................................. 84

10.1 Wind Power Market, France, Overview..................................................................................... 84 10.2 Wind Power Market, France, Installed Capacity, 2006-2020...................................................... 85 10.3 Wind Turbine Gearbox Market, France, Installation (Units), 2006-2020 ..................................... 86 10.4 Wind Turbine Gearbox Market, France, Installations (MW), 2006-2020 ..................................... 87 10.5 Wind Turbine Gearbox Market, France, Average Price, 2006-2020 ........................................... 88 10.6 Wind Turbine Gearbox Market, France, Market Size, 2006-2020............................................... 89 10.7 Refurbishment Market for Wind Gearbox, France, 2011-2020................................................... 90

10.7.1 Refurbishment Market for Wind Gearbox, France (Units), 2011-2020 ............................... 90 10.7.2 Refurbishment Market for Wind Gearbox, France (MW), 2011-2020................................. 91 10.7.3 Refurbishment Market for Wind Gearbox, France, Market Size ($m), 2011-2020 .............. 92

10.8 Wind Turbine Direct Drive Market, France, Installed Capacity, 2006-2020................................. 93 11 Wind Turbine Gearbox and Direct Drive Market, The UK................................................................. 94

11.1 Wind Power Market, The UK, Overview.................................................................................... 94 11.2 Wind Power Market, The UK, Installed Capacity, 2006-2020..................................................... 94 11.3 Wind Turbine Gearbox Market, The UK, Installation (Units), 2006-2020 .................................... 96 11.4 Wind Turbine Gearbox Market, The UK, Installations (MW), 2006-2020 .................................... 97 11.5 Wind Turbine Gearbox Market, The UK, Average Price, 2006-2020 .......................................... 98 11.6 Wind Turbine Gearbox Market, The UK, Market Size, 2006-2020.............................................. 99 11.7 Refurbishment Market for Wind Gearbox, The UK, 2011-2020 ................................................ 100

11.7.1 Refurbishment Market for Wind Gearbox, The UK (Units), 2011-2020 ............................ 100 11.7.2 Refurbishment Market for Wind Gearbox, The UK (MW), 2011-2020 .............................. 101 11.7.3 Refurbishment Market for Wind Gearbox, The UK, Market Size ($m), 2011-2020............ 102

11.8 Wind Turbine Direct Drive Market, The UK, Installed Capacity, 2006-2020 .............................. 103 12 Wind Turbine Gearbox and Direct Drive Market, China ................................................................. 104

12.1 Wind Power Market, China, Overview .................................................................................... 104 12.2 Wind Power Market, China, Installed Capacity, 2006-2020 ..................................................... 104 12.3 Wind Turbine Gearbox Market, China, Installation (Units), 2006-2020 ..................................... 107 12.4 Wind Turbine Gearbox Market, China, Installations (MW), 2006-2020 ..................................... 108 12.5 Wind Turbine Gearbox Market, China, Average Price, 2006-2020........................................... 109 12.6 Wind Turbine Gearbox Market, China, Market Size, 2006-2020 .............................................. 110 12.7 Refurbishment Market for Wind Gearbox, China, 2011-2020................................................... 111

12.7.1 Refurbishment Market for Wind Gearbox, China (Units), 2011-2020............................... 111 12.7.2 Refurbishment Market for Wind Gearbox, China (MW), 2011-2020................................. 112




12.7.3 Refurbishment Market for Wind Gearbox, China, Market Size ($m), 2011-2020 .............. 113 12.8 Wind Turbine Direct Drive Market, China, Installed Capacity, 2006-2020................................. 114

13 Wind Turbine Gearbox and Direct Drive Market, India................................................................... 115 13.1 Wind Power Market, India, Overview...................................................................................... 115 13.2 Wind Power Market, India, Installed Capacity, 2006-2020....................................................... 115 13.3 Wind Turbine Gearbox Market, India, Installation (Units), 2006-2020....................................... 117 13.4 Wind Turbine Gearbox Market, India, Installations (MW), 2006-2020....................................... 118 13.5 Wind Turbine Gearbox Market, India, Average Price, 2006-2020 ............................................ 119 13.6 Wind Turbine Gearbox Market, India, Market Size, 2006-2020................................................ 120 13.7 Refurbishment Market for Wind Gearbox, India, 2011-2020 .................................................... 121

13.7.1 Refurbishment Market for Wind Gearbox, India (Units), 2011-2020................................. 121 13.7.2 Refurbishment Market for Wind Gearbox, India (MW), 2011-2020 .................................. 122 13.7.3 Refurbishment Market for Wind Gearbox, India, Market Size ($m), 2011-2020................ 123

13.8 Wind Turbine Direct Drive Market, India, Installed Capacity, 2006-2020 .................................. 124 14 Appendix..................................................................................................................................... 125

14.1 Abbreviations ........................................................................................................................ 125 14.2 Bibliography .......................................................................................................................... 126 14.3 Methodology ......................................................................................................................... 126

14.3.1 Coverage ..................................................................................................................... 126 14.3.2 Secondary Research .................................................................................................... 127 14.3.3 Primary Research......................................................................................................... 127 14.3.4 Market Estimates, Definitions and Assumptions............................................................. 127 14.3.5 Modeling and Forecasting............................................................................................. 127

14.4 Contact Us ............................................................................................................................ 128 14.5 Disclaimer ............................................................................................................................. 128




1.1 List of Tables Table 1: Wind Power Market, Global, Installed Capacity (MW), 2006-2020 ........................................ 17 Table 2: Wind Power Market, Global. Cumulative Installed Capacity Share by Country (%), 2011....... 18 Table 3: Wind Power Market, Global, Annual Installed Capacity Share by Country (%), 2011 ............. 19 Table 4: Wind Turbine Gearbox Market, Global, Installation (Units), 2006-2020 ................................. 21 Table 5: Wind Turbine Gearbox Market, Global, Installations (MW), 2006-2020 ................................. 22 Table 6: Wind Turbine Gearbox Market, Global, Average Price ($/kW), 2006-2020 ............................ 23 Table 7: Wind Turbine Gearbox Market, Global, Market Size ($bn), 2006-2020.................................. 24 Table 8: Wind Turbine Gearbox Market, Global, Market Share by Independent Suppliers (%), 2011 ... 25 Table 9: Wind Turbine Gearbox Market, Global, Market Shares of In-House Manufacturers (%), 2011 26 Table 10: Refurbishment Market for Wind Gearbox, Global (Units), 2011-2020 .................................... 28 Table 11: Refurbishment Market for Wind Gearbox, Global (MW), 2011-2020...................................... 29 Table 12: Refurbishment Market for Wind Gearbox, Global, Market Size ($bn), 2011-2020 .................. 30 Table 13: Wind Turbine Direct Drive Market, Global, Installed Capacity (MW), 2006-2020.................... 31 Table 14: Wind Turbine Direct Drive Market, Global, Market Share (%), 2011 ...................................... 32 Table 15: Wind Power Market, The US, Installed Capacity (MW), 2006-2020....................................... 34 Table 16: Wind Turbine Gearbox Market, The US, Installation (Units), 2006-2020................................ 35 Table 17: Wind Turbine Gearbox Market, The US, Installations (MW), 2006-2020................................ 36 Table 18: Wind Turbine Gearbox Market, The US, Average Price ($/kW), 2006-2020........................... 37 Table 19: Wind Turbine Gearbox Market, The US, Market Size ($m), 2006-2020 ................................. 38 Table 20: Refurbishment Market for Wind Gearbox, The US (Units), 2011-2020 .................................. 39 Table 21: Refurbishment Market for Wind Gearbox, The US (MW), 2011-2020 .................................... 40 Table 22: Refurbishment Market for Wind Gearbox, The US, Market Size ($m), 2011-2020.................. 41 Table 23: Wind Turbine Direct Drive Market, The US, Installed Capacity (MW), 2006-2020 .................. 42 Table 24: Wind Power Market, Canada, Installed Capacity, MW, 2006-2020........................................ 45 Table 25: Wind Turbine Gearbox Market, Canada, Installation (Units), 2006-2020 ............................... 46 Table 26: Wind Turbine Gearbox Market, Canada, Installations (MW), 2006-2020 ............................... 47 Table 27: Wind Turbine Gearbox Market, Canada, Average Price ($/kW), 2006-2020 .......................... 48 Table 28: Wind Turbine Gearbox Market, Canada, Market Size ($m), 2006-2020................................. 49 Table 29: Refurbishment Market for Wind Gearbox, Canada (Units), 2011-2020.................................. 50 Table 30: Refurbishment Market for Wind Gearbox, Canada (MW), 2011-2020.................................... 51 Table 31: Refurbishment Market for Wind Gearbox, Canada, Market Size ($m), 2011-2020 ................. 52 Table 32: Wind Turbine Direct Drive Market, Canada, Installed Capacity (MW), 2006-2020.................. 53 Table 33: Wind Power Market, Germany, Installed Capacity (MW), 2006-2020 .................................... 55 Table 34: Wind Turbine Gearbox Market, Germany, Installation (Units), 2006-2020 ............................. 56 Table 35: Wind Turbine Gearbox Market, Germany, Installations (MW), 2006-2020 ............................. 57 Table 36: Wind Turbine Gearbox Market, Germany, Average Price ($/kW), 2006-2020 ........................ 58 Table 37: Wind Turbine Gearbox Market, Germany, Market Size ($m), 2006-2020............................... 59 Table 38: Refurbishment Market for Wind Gearbox, Germany (Units), 2011-2020................................ 60 Table 39: Refurbishment Market for Wind Gearbox, Germany (MW), 2011-2020.................................. 61 Table 40: Refurbishment Market for Wind Gearbox, Germany, Market Size ($m), 2011-2020 ............... 62 Table 41: Wind Turbine Direct Drive Market, Germany, Installed Capacity (MW), 2006-2020................ 63 Table 42: Wind Power Market, Spain, Installed Capacity (MW), 2006-2020.......................................... 65 Table 43: Wind Turbine Gearbox Market, Spain, Installation (Units), 2006-2020................................... 66 Table 44: Wind Turbine Gearbox Market, Spain, Installations (MW), 2006-2020................................... 67 Table 45: Wind Turbine Gearbox Market, Spain, Average Price ($/kW), 2006-2020.............................. 68 Table 46: Wind Turbine Gearbox Market, Spain, Market Size ($m), 2006-2020.................................... 69 Table 47: Refurbishment Market for Wind Gearbox, Spain (Units), 2011-2020 ..................................... 70 Table 48: Refurbishment Market for Wind Gearbox, Spain (MW), 2011-2020....................................... 71 Table 49: Refurbishment Market for Wind Gearbox, Spain, Market Size ($m), 2011-2020 .................... 72 Table 50: Wind Turbine Direct Drive Market, Spain, Installed Capacity (MW), 2006-2020..................... 73 Table 51: Wind Power Market, Italy, Installed Capacity (MW), 2006-2020 ............................................ 75 Table 52: Wind Turbine Gearbox Market, Italy, Installation (Units), 2006-2020 ..................................... 76 Table 53: Wind Turbine Gearbox Market, Italy, Installations (MW), 2006-2020 ..................................... 77 Table 54: Wind Turbine Gearbox Market, Italy, Average Price ($/kW), 2006-2020................................ 78 Table 55: Wind Turbine Gearbox Market, Italy, Market Size ($m), 2006-2020 ...................................... 79 Table 56: Refurbishment Market for Wind Gearbox, Italy (Units), 2011-2020........................................ 80 Table 57: Refurbishment Market for Wind Gearbox, Italy (MW), 2011-2020 ......................................... 81 Table 58: Refurbishment Market for Wind Gearbox, Italy, Market Size ($m), 2011-2020....................... 82 Table 59: Wind Turbine Direct Drive Market, Italy, Installed Capacity (MW), 2006-2020 ....................... 83 Table 60: Wind Power Market, France, Installed Capacity (MW), 2006-2020........................................ 85 Table 61: Wind Turbine Gearbox Market, France, Installation (Units), 2006-2020................................. 86 Table 62: Wind Turbine Gearbox Market, France, Installations (MW), 2006-2020................................. 87




Table 63: Wind Turbine Gearbox Market, France, Average Price ($/kW), 2006-2020............................ 88 Table 64: Wind Turbine Gearbox Market, France, Market Size ($m), 2006-2020.................................. 89 Table 65: Refurbishment Market for Wind Gearbox, France (Units), 2011-2020 ................................... 90 Table 66: Refurbishment Market for Wind Gearbox, France (MW), 2011-2020 ..................................... 91 Table 67: Refurbishment Market for Wind Gearbox, France, Market Size ($m), 2011-2020................... 92 Table 68: Wind Turbine Direct Drive Market, France, Installed Capacity (MW), 2006-2020 ................... 93 Table 69: Wind Power Market, The UK, Installed Capacity (MW), 2006-2020....................................... 95 Table 70: Wind Turbine Gearbox Market, The UK, Installation (Units), 2006-2020................................ 96 Table 71: Wind Turbine Gearbox Market, The UK, Installations (MW), 2006-2020................................ 97 Table 72: Wind Turbine Gearbox Market, The UK, Average Price ($/kW), 2006-2020........................... 98 Table 73: Wind Turbine Gearbox Market, The UK, Market Size ($m), 2006-2020 ................................. 99 Table 74: Refurbishment Market for Wind Gearbox, The UK (Units), 2011-2020 ................................ 100 Table 75: Refurbishment Market for Wind Gearbox, The UK (MW), 2011-2020 .................................. 101 Table 76: Refurbishment Market for Wind Gearbox, The UK, Market Size ($m), 2011-2020................ 102 Table 77: Wind Turbine Direct Drive Market, The UK, Installed Capacity (MW), 2006-2020 ................ 103 Table 78: Wind Power Market, China, Installed Capacity (MW), 2006-2020 ....................................... 106 Table 79: Wind Turbine Gearbox Market, China, Installation (Units), 2006-2020 ................................ 107 Table 80: Wind Turbine Gearbox Market, China, Installations (MW), 2006-2020 ................................ 108 Table 81: Wind Turbine Gearbox Market, China, Average Price ($/kW), 2006-2020 ........................... 109 Table 82: Wind Turbine Gearbox Market, China, Market Size ($m), 2006-2020.................................. 110 Table 83: Refurbishment Market for Wind Gearbox, China (Units), 2011-2020 ................................... 111 Table 84: Refurbishment Market for Wind Gearbox, China (MW), 2011-2020..................................... 112 Table 85: Refurbishment Market for Wind Gearbox, China, Market Size ($m), 2011-2020 .................. 113 Table 86: Wind Turbine Direct Drive Market, China, Installed Capacity (MW), 2006-2020................... 114 Table 87: Wind Power Market, India, Installed Capacity (MW), 2006-2020 ......................................... 116 Table 88: Wind Turbine Gearbox Market, India, Installation (Units), 2006-2020.................................. 117 Table 89: Wind Turbine Gearbox Market, India, Installations (MW), 2006-2020.................................. 118 Table 90: Wind Turbine Gearbox Market, India, Average Price ($/kW), 2006-2020............................. 119 Table 91: Wind Turbine Gearbox Market, India, Market Size ($m), 2006-2020 ................................... 120 Table 92: Refurbishment Market for Wind Gearbox, India (Units), 2011-2020..................................... 121 Table 93: Refurbishment Market for Wind Gearbox, India (MW), 2011-2020 ...................................... 122 Table 94: Refurbishment Market for Wind Gearbox, India, Market Size ($m), 2011-2020.................... 123 Table 95: Wind Turbine Direct Drive Market, India, Installed Capacity (MW), 2006-2020 .................... 124 Table 96: Abbreviations.................................................................................................................... 125




1.2 List of Figures Figure 1: Wind Power, Major Turbine Components............................................................................. 12 Figure 2: Wind Power Market, Global, Installed Capacity (MW), 2006-2020 ........................................ 17 Figure 3: Wind Power Market, Global. Cumulative Installed Capacity Share by Country (%), 2011....... 18 Figure 4: Wind Power Market, Global, Annual Installed Capacity Share by Country (%), 2011 ............. 19 Figure 5: Wind Turbine Gearbox Market, Global, Installation (Units), 2006-2020 ................................. 21 Figure 6: Wind Turbine Gearbox Market, Global, Installations (MW), 2006-2020 ................................. 22 Figure 7: Wind Turbine Gearbox Market, Global, Average Price ($/kW), 2006-2020 ............................ 23 Figure 8: Wind Turbine Gearbox Market, Global, Market Size ($bn), 2006-2020.................................. 24 Figure 9: Wind Turbine Gearbox Market, Global, Market Share by Independent Suppliers (%), 2011 ... 25 Figure 10: Wind Turbine Gearbox Market, Global, Market Shares of In-House Manufacturers (%), 2011 26 Figure 11: Refurbishment Market for Wind Gearbox, Global (Units), 2011-2020 .................................... 27 Figure 12: Refurbishment Market for Wind Gearbox, Global (MW), 2011-2020...................................... 28 Figure 13: Refurbishment Market for Wind Gearbox, Global, Market Size ($bn), 2011-2020 .................. 29 Figure 14: Wind Turbine Direct Drive Market, Global, Installed Capacity (MW), 2006-2020.................... 31 Figure 15: Wind Turbine Direct Drive Market, Global, Market Share (%), 2011 ...................................... 32 Figure 16: Wind Power Market, The US, Installed Capacity (MW), 2006-2020....................................... 34 Figure 17: Wind Turbine Gearbox Market, The US, Installation (Units), 2006-2020................................ 35 Figure 18: Wind Turbine Gearbox Market, The US, Installations (MW), 2006-2020................................ 36 Figure 19: Wind Turbine Gearbox Market, The US, Average Price ($/kW), 2006-2020........................... 37 Figure 20: Wind Turbine Gearbox Market, The US, Market Size ($m), 2006-2020 ................................. 38 Figure 21: Refurbishment Market for Wind Gearbox, The US (Units), 2011-2020 .................................. 39 Figure 22: Refurbishment Market for Wind Gearbox, The US (MW), 2011-2020 .................................... 40 Figure 23: Refurbishment Market for Wind Gearbox, The US, Market Size ($m), 2011-2020.................. 41 Figure 24: Wind Turbine Direct Drive Market, The US, Installed Capacity (MW), 2006-2020 .................. 42 Figure 25: Wind Power Market, Canada, Installed Capacity (MW), 2006-2020 ...................................... 44 Figure 26: Wind Turbine Gearbox Market, Canada, Installation (Units), 2006-2020 ............................... 46 Figure 27: Wind Turbine Gearbox Market, Canada, Installations (MW), 2006-2020 ............................... 47 Figure 28: Wind Turbine Gearbox Market, Canada, Average Price ($/kW), 2006-2020 .......................... 48 Figure 29: Wind Turbine Gearbox Market, Canada, Market Size ($m), 2006-2020................................. 49 Figure 30: Refurbishment Market for Wind Gearbox, Canada (Units), 2011-2020.................................. 50 Figure 31: Refurbishment Market for Wind Gearbox, Canada (MW), 2011-2020.................................... 51 Figure 32: Refurbishment Market for Wind Gearbox, Canada, Market Size ($m), 2011-2020 ................. 52 Figure 33: Wind Turbine Direct Drive Market, Canada, Installed Capacity (MW), 2006-2020.................. 53 Figure 34: Wind Power Market, Germany, Installed Capacity (MW), 2006-2020 .................................... 55 Figure 35: Wind Turbine Gearbox Market, Germany (Units), 2006-2020................................................ 56 Figure 36: Wind Turbine Gearbox Market, Germany, Installations (MW), 2006-2020 ............................. 57 Figure 37: Wind Turbine Gearbox Market, Germany, Average Price ($/kW), 2006-2020 ........................ 58 Figure 38: Wind Turbine Gearbox Market, Germany, Market Size ($m), 2006-2020............................... 59 Figure 39: Refurbishment Market for Wind Gearbox, Germany (Units), 2011-2020................................ 60 Figure 40: Refurbishment Market for Wind Gearbox, Germany (MW), 2011-2020.................................. 61 Figure 41: Refurbishment Market for Wind Gearbox, Germany, Market Size ($m), 2011-2020 ............... 62 Figure 42: Wind Turbine Direct Drive Market, Germany, Installed Capacity (MW), 2006-2020................ 63 Figure 43: Wind Power Market, Spain, Installed Capacity (MW), 2006-2020.......................................... 65 Figure 44: Wind Turbine Gearbox Market, Spain, Installation (Units), 2006-2020................................... 66 Figure 45: Wind Turbine Gearbox Market, Spain, Installations (MW), 2006-2020................................... 67 Figure 46: Wind Turbine Gearbox Market, Spain, Average Price ($/kW), 2006-2020.............................. 68 Figure 47: Wind Turbine Gearbox Market, Spain, Market Size ($m), 2006-2020.................................... 69 Figure 48: Refurbishment Market for Wind Gearbox, Spain (Units), 2011-2020 ..................................... 70 Figure 49: Refurbishment Market for Wind Gearbox, Spain (MW), 2011-2020....................................... 71 Figure 50: Refurbishment Market for Wind Gearbox, Spain, Market Size ($m), 2011-2020 .................... 72 Figure 51: Wind Turbine Direct Drive Market, Spain, Annual Installed Capacity (MW), 2006-2020 ......... 73 Figure 52: Wind Power Market, Italy, Installed Capacity (MW), 2006-2020 ............................................ 75 Figure 53: Wind Turbine Gearbox Market, Italy, Installation (Units), 2006-2020 ..................................... 76 Figure 54: Wind Turbine Gearbox Market, Italy, Installations (MW), 2006-2020 ..................................... 77 Figure 55: Wind Turbine Gearbox Market, Italy, Average Price ($/kW), 2006-2020................................ 78 Figure 56: Wind Turbine Gearbox Market, Italy, Market Size ($m), 2006-2020 ...................................... 79 Figure 57: Refurbishment Market for Wind Gearbox, Italy (Units), 2011-2020........................................ 80 Figure 58: Refurbishment Market for Wind Gearbox, Italy (MW), 2011-2020 ......................................... 81 Figure 59: Refurbishment Market for Wind Gearbox, Italy, Market Size ($m), 2011-2020....................... 82 Figure 60: Wind Turbine Direct Drive Market, Italy, Installed Capacity (MW), 2006-2020 ....................... 83 Figure 61: Wind Power Market, France, Installed Capacity (MW), 2006-2020........................................ 85




Figure 62: Wind Turbine Gearbox Market, France, Installation (Units), 2006-2020................................. 86 Figure 63: Wind Turbine Gearbox Market, France, Installations (MW), 2006-2020................................. 87 Figure 64: Wind Turbine Gearbox Market, France, Average Price ($/kW), 2006-2020............................ 88 Figure 65: Wind Turbine Gearbox Market, France, Market Size ($m), 2006-2020.................................. 89 Figure 66: Refurbishment Market for Wind Gearbox, France (Units), 2011-2020 ................................... 90 Figure 67: Refurbishment Market for Wind Gearbox, France (MW), 2011-2020 ..................................... 91 Figure 68: Refurbishment Market for Wind Gearbox, France, Market Size ($m), 2011-2020................... 92 Figure 69: Wind Turbine Direct Drive Market, France, Installed Capacity (MW), 2006-2020 ................... 93 Figure 70: Wind Power Market, The UK, Installed Capacity (MW), 2006-2020....................................... 95 Figure 71: Wind Turbine Gearbox Market, The UK, Installation (Units), 2006-2020................................ 96 Figure 72: Wind Turbine Gearbox Market, The UK, Installations (MW), 2006-2020................................ 97 Figure 73: Wind Turbine Gearbox Market, The UK, Average Price ($/kW), 2006-2020........................... 98 Figure 74: Wind Turbine Gearbox Market, The UK, Market Size ($m), 2006-2020 ................................. 99 Figure 75: Refurbishment Market for Wind Gearbox, The UK (Units), 2011-2020 ................................ 100 Figure 76: Refurbishment Market for Wind Gearbox, The UK (MW), 2011-2020 .................................. 101 Figure 77: Refurbishment Market for Wind Gearbox, The UK, Market Size ($m), 2011-2020................ 102 Figure 78: Wind Turbine Direct Drive Market, The UK, Installed Capacity (MW), 2006-2020 ................ 103 Figure 79: Wind Power Market, China, Installed Capacity (MW), 2006-2020 ....................................... 105 Figure 80: Wind Turbine Gearbox Market, China, Installation (Units), 2006-2020 ................................ 107 Figure 81: Wind Turbine Gearbox Market, China, Installations (MW), 2006-2020 ................................ 108 Figure 82: Wind Turbine Gearbox Market, China, Average Price ($/kW), 2006-2020 ........................... 109 Figure 83: Wind Turbine Gearbox Market, China, Market Size ($m), 2006-2020.................................. 110 Figure 84: Refurbishment Market for Wind Gearbox, China (Units), 2011-2020 ................................... 111 Figure 85: Refurbishment Market for Wind Gearbox, China (MW), 2011-2020..................................... 112 Figure 86: Refurbishment Market for Wind Gearbox, China, Market Size ($m), 2011-2020 .................. 113 Figure 87: Wind Turbine Direct Drive Market, China, Installed Capacity (MW), 2006-2020................... 114 Figure 88: Wind Power Market, India, Installed Capacity (MW), 2006-2020 ......................................... 116 Figure 89: Wind Turbine Gearbox Market, India, Installation (Units), 2006-2020.................................. 117 Figure 90: Wind Turbine Gearbox Market, India, Installations (MW), 2006-2020.................................. 118 Figure 91: Wind Turbine Gearbox Market, India, Average Price ($/kW), 2006-2020............................. 119 Figure 92: Wind Turbine Gearbox Market, India, Market Size ($m), 2006-2020 ................................... 120 Figure 93: Refurbishment Market for Wind Gearbox, India (Units), 2011-2020..................................... 121 Figure 94: Refurbishment Market for Wind Gearbox, India (MW), 2011-2020 ...................................... 122 Figure 95: Refurbishment Market for Wind Gearbox, India, Market Size ($m), 2011-2020.................... 123 Figure 96: Wind Turbine Direct Drive Market, India, Installed Capacity (MW), 2006-2020 .................... 124




2 Introduction

2.1 Wind Power, Technology Definition Wind energy is the conversion of wind flow into a useful form of energy such as power production through turbines, water pumping and windmills for mechanical energy. Wind power is an alternative source of power, generated from the flow of the earth’s air currents through a wind turbine. A wind turbine gathers kinetic energy and converts it into electricity for residential, commercial and industrial purposes. Wind power is a clean source of energy as it does not emit carbon. It is classified as either onshore or offshore. Onshore wind is the market segment for wind turbines erected on land, and offshore wind is the market segment for wind turbines erected in the sea or ocean.

2.2 Wind Turbine Components, Overview A wind turbine extracts kinetic energy from wind flow and converts it into electricity. The technology uses an aerodynamic rotor to generate electricity, which is connected by a transmission system to an electric generator. The turbine consists of a foundation, a tower, a nacelle and a rotor. The nacelle contains large primary components such as the main axle, gearbox, generator and transformer and control system as represented in figure five.

The rotor is made of the blades and the hub, which holds them in position as they turn. Most wind turbines have three rotor blades. Tubular towers supporting the nacelle and rotor are usually made of steel and are tapered from the base to the top. The nacelle and rotor are designed to move round, or yaw, to face the prevailing wind.

A wind turbine consists of the following basic components:

Rotor: the rotor is one of the visible parts of the wind power system, consisting of blades and a shaft. The material used for the blades is usually fiberglass, metal, glass reinforced polypropylene, reinforced plastic, reinforced nylon or wood. The diameter of the rotor determines the amount of power that the turbine will produce, as it defines the quantity of wind that will be intercepted. Blades are pitched out of the wind to stop the rotor from rotating when the wind speed is too high or too low to produce electricity.

Generator: the generator consists of rotated coils of wire, which produce a magnetic field and are used to convert the rotating motion of the turbine blades into electricity. The generator produces Direct Current (DC) or Alternate Current (AC), and is available for a large range of output ratings. The types of generators normally used are gearless/brushless permanent magnet generators. Permanent magnet generators are becoming increasingly popular, as they eliminate the need for field windings.

Nacelle: a nacelle is a removable casing used to protect the gearbox, generator and other components.

Yaw System (tail vane): a yaw system is used to align the wind turbine with the wind. Most small wind systems use a simple tail vane, which directs the rotor into the wind. Special release mechanisms can use the yaw system to turn off the turbine in the case of very high winds.

Turbine tower: the turbine tower holds the turbine in the path of the wind. As wind speed increases and wind turbulence decreases with height, higher towers help to increase the capacity factor. The towers should be constructed so as to withstand lightning strikes, ice storms and extreme winds. There are two types of towers used for small wind; guyed and self-supporting. Guyed towers are the least expensive and most easy to install, and can be constructed from lattice sections, pipes and supporting wires. Although they are the most common systems used for home installations, sufficient space is required in which to accommodate them. Self-supporting towers are usually lattice or cylindrical in shape and are generally used for turbines in the XX kilowatt (kW) range. They are stronger than the guyed towers but are also expensive for single home turbines.

Control and protection systems: the sophistication of the control system is dependent upon the application of the wind turbine. This can vary from simple switches and fuses to computerized mechanisms for the control of the yaw systems and brakes. The brake system used varies from the manual switching of electric breaks in the regulator to microprocessor-based smart internal regulators with peak power tracking.




2.4 GlobalData Report Guidance This report begins with an executive summary, which provides a snapshot of key indicators in the

global wind gearbox and direct drive systems market.

The ‘Introduction’ chapter provides an overview of wind power technology and turbine components.

The ‘Wind Power Market, Global’ chapter provides information on the global wind power market, global wind installed capacity and installed capacity by country.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, Global’ covers the global gearbox and global direct drive markets in detail. The information on units installed, installed capacity, average price, market size, market share, drivers and restraints and refurbishment market for gearboxes are covered in detail. The installed capacity and market share held by direct drive technology is also provided in this chapter.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, The US’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in the US.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, Canada’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in Canada.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, Germany’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in Germany.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, Spain’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in Spain.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, Italy’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in Italy.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, France’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in France.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, The UK’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in the UK.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, China’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in China.

The ‘Wind Turbine Gearbox and Direct Drive Systems Market, India’ provides information on the direct drive and gearbox market, units installed, installed capacity, average price, market size and the refurbishments market for gearboxes are covered in detail. The chapter also covers direct drive installed capacity in India.




3.3.2 Wind Power Market, Global, Annual Installed Capacity, 2011 China is the global leader in terms of annual installed capacity, with a market share of XX% of the global wind installations in 2011. The US was the second largest wind market in 2011 in terms of annual capacity additions, installing around XX GW of capacity in 2011 and accounting for a global share of XX%. India accounted for XX% of global annual installed capacity in 2011. Germany, Canada, Italy and Spain accounted for respective shares of XX%, XX%, XX% and XX%, followed by France with XX%, the UK with XX%, Romania with XX% and Brazil with XX%.

Figure 4: Wind Power Market, Global, Annual Installed Capacity Share by Country (%), 2011

China

The US India

Germany

Canada

Italy

Spain

France

Sweden

The UK

Romania

Brazil

Others

Source: GlobalData, Alternative Energy eTrack [Accessed on: October 4, 2012]

Table 3: Wind Power Market, Global, Annual Installed Capacity Share by Country (%), 2011

Country Share (%)

China

The US

India

Germany

Canada

Italy

Spain

France

Sweden

The UK

Romania

Brazil

Others





4.3 Wind Turbine Gearbox Market, Global, Installations (MW), 2006-2020 Global gearbox installations increased from XX MW in 2006 to XX MW in 2011 at a CAGR of XX%. The installation of wind turbines with gearboxes is expected to increase slightly during the forecast period to reach a capacity of XX MW by 2020, at a CAGR of XX%. Figure 6 represents global annual gearbox installed capacity between 2006 and 2020.

Figure 6: Wind Turbine Gearbox Market, Global, Installations (MW), 2006-2020

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Gea

rbox

inst

alle

d ca

paci

ty (M

W)


Table 5: Wind Turbine Gearbox Market, Global, Installations (MW), 2006-2020

Year Installations in MW

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020





6.2 Wind Power Market, Canada, Installed Capacity, 2006-2020 The wind energy industry in Canada has not been economically competitive since 2006, due to the traditionally low cost of electricity in the country. Nevertheless, the increasing cost of fossil fuels and the growing awareness of climate change, combined with new government economic instruments supporting wind power, have made a substantial contribution to wind production. Cumulative wind installed capacity in Canada increased from XX MW in 2006 to XX MW in 2011 at a CAGR of XX%. In 2011, an annual capacity addition of XX MW was made in the country. Wind power comprises around XX% of Canada’s electricity demand, and its geographical location makes it one of the best wind resources in the world. As such, the country is ideally suited to the installation of wind turbines.

Canada’s wind power market has a competitive edge over other emerging wind markets, since it is supported by excellent infrastructure, a highly integrated transportation system, technologically advanced manufacturing processes, a highly skilled workforce and comparatively cheap labor costs. The progressive regulatory system for wind power in the country, including long-term ‘green’ government policies, supportive taxation and research and development, means that the renewable energy industry in the country is attractive for investors. The cumulative installed capacity of wind power in Canada is expected to increase from XX MW in 2011 to XX MW in 2020 at a CAGR of XX%. Figure 25 illustrates annual and cumulative installed capacity and the growth rate in Canada between 2006 and 2020.

Figure 25: Wind Power Market, Canada, Installed Capacity (MW), 2006-2020

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Inst

alle

d ca

paci

ty (M

W)

Gro

wth

rate

Annual installed capacity Cumulative installed capacity Y-o-Y growth rate

Source: GlobalData, Alternative Energy eTrack [Accessed on: October 4, 2012[




Table 24: Wind Power Market, Canada, Installed Capacity, MW, 2006-2020 Year Annual installed capacity (MW) Cumulative installed capacity (MW) Annual growth rate

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020





14 Appendix

14.1 Abbreviations Table 96: Abbreviations Acronym Expanded Form

AC Alternate Current

ADB Asian Development Bank

CAGR Compounded Annual Growth Rate

CREZ Competitive Renewable Energy Zones

DC Direct Current

DFIG Doubly Fed Inductor Generator

EEG Renewable Energy Sources Act

FIT Feed-In Tariffs

FTC Federal Tax Credits

GBI Generation Based Incentive

GEF Global Environment Fund

IREDA Indian Renewable Energy Development Agency

ISP Independent Service Provider

kW Kilowatt

m Million

MW Megawatt

NHPC National Hydroelectric Power Corporation

NTPC National Thermal Power Corporation

O&M Operations and Maintenance

OEM Original Equipment Manufacturer

PTC Production Tax Credits

RD Royal Decree

REL Renewable Energy Law

RFP Requests For Proposals

RPM Revolutions Per Minute

RPS Renewable Portfolio Standards

TWh Terawatt Hours

ZDE Wind Power Development Zones

Source: GlobalData




14.2 Bibliography Alternative eTrack (2012). Capacity and Generation. Available from:

http://www.alternativeenergyetrack.com/ [Accessed on: October 4, 2012]

Anaheim Automation (2012). Gearbox Guide. Anaheim Automation. Available from: http://www.anaheimautomation.com/manuals/forms/gearbox-guide.php [Accessed on: October 15, 2012]

Power Engineering (2012). Direct Drive vs. Gearbox: Progress on Both Fronts. Power Engineering. Available from: http://www.power-eng.com/articles/print/volume-115/issue-3/features/direct-drive-vs-gearbox-progress-on-both-fronts.html [Accessed on: October 16, 2012]

Ragheb A and Ragheb M (2010). Wind Turbine Gearbox Technologies. International Nuclear and Renewable Energy Conference 2010 (INREC10). Available from: https://netfiles.uiuc.edu/mragheb/www/Wind%20Power%20Gearbox%20Technologies.pdf

Terra Magnetica (2009). How Does The Use Of Permanent Magnets Make Wind Turbines More Reliable? Terra Magnetica. Available from: http://www.terramagnetica.com/2009/08/03/how-does-using-permanent-magnets-make-wind-turbines-more-reliable/ [Accessed on: October 16, 2012]

14.3 Methodology GlobalData’s dedicated research and analysis teams consist of experienced professionals with a pedigree in marketing, market research, consulting background in the energy industry and advanced statistical expertise.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org).

All GlobalData databases are continuously updated and revised. The following research methodology is followed for all databases and reports.

14.3.1 Coverage The objective of updating GlobalData’s coverage is to ensure that it represents the most up-to-date vision of the industry possible.

Changes to the industry taxonomy are built on the basis of extensive research of company, association and competitor sources.

Company coverage is based on three key factors: market capitalization, revenue, and media attention/innovation/market potential.

An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market capitalization.

The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage.

Companies which are making the news or which are of particular interest due to their innovative approach are prioritized.

GlobalData aims to cover all major news events and deals in the alternative energy industry, updated on a daily basis.

The coverage is further streamlined and strengthened with additional inputs from GlobalData’s Expert Panel (see below).




14.3.2 Secondary Research The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market.

The secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and US Securities and Exchanges Commission (SEC) filings

Industry trade journals and other literature

Internal and external proprietary databases

National government documents, statistical databases and market reports

News articles, press releases and web-casts specific to the companies operating in the market.

14.3.3 Primary Research GlobalData conducts extensive primary interviews with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions:

It provides first-hand information on the market size, market trends, growth trends, competitive landscape, and future outlook

Helps in validating and strengthening the secondary research findings

Further develops the analysis team’s expertise and market understanding

Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers.

Outside experts: Investment bankers, valuation experts, research analysts and key opinion leaders specializing in alternative energy industry.

14.3.4 Market Estimates, Definitions and Assumptions Units Installed: Gearbox and direct drive units installed are based on primary inputs and various other qualitative and quantitative factors. The ‘units installed’ is annual and is derived from installed capacity and average turbine size in a particular market.

Average Price: Average price is derived based on the turbine prices and changing cost of gearbox as a component in the wind turbine.

Market Size: Market size is derived based on installed capacity and average price.

Refurbishments: Refurbishments market is derived based on the historical installations in a country.

14.3.5 Modeling and Forecasting In case of data gaps and especially while forecasting the market, we use in-house models to forecast the data. Historic data and the analysis of trends within it form the basis of all forecasting methodology. Various qualitative and quantitative factors are usually taken into account for estimating future growth. The forecast data is validated through various industry experts and a back-of-envelope test.




14.5 Disclaimer All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

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