Wind Turbine Gear Oil Market Globally Grow at a CAGR of 12.51% by Revenue During the Forecast Period 2017-2021

Wind turbine gear oil is a lubricant used in the gearbox of a wind turbine to reduce friction between the moving components inside the box. To step-up the rotational speeds of 30 rpm-60 rpm to 1,500-1,800 rpm, a complex assortment of gears is required. The bearings in the gearboxes are expected to take extremely high loads. The operating requirements of a gearbox vary widely. At times, the bearings are expected to carry medium-sized loads at low speeds, while at other times they are expected to carry much lower loads at relatively high speeds.
Technavios analysts forecast the global wind turbine gear oil market to grow at a CAGR of 12.51% during the period 2016-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global wind turbine gear oil market 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Wind Turbine Gear Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
AMSOIL
Castrol
Chevron
ExxonMobil
Klber Lubrication
Shell

Other prominent vendors
Afton Chemical
Croda International
Evonik Industries
FUCHS
LUBRITA
Neste
PetroCanada Lubricants (Suncor Energy business)
Quaker Chemical

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Market driver
Rise in wind energy consumption
For a full, detailed list, view our report

Market challenge
Competition from fossil fuels
For a full, detailed list, view our report

Market trend
Rise in offshore installations
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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