Wind Turbine Bearing Market - Global Industry Analysis, Size, Share,T Wind Turbine Bearing Market - Global Industry Anal | Page 2

REPORT DESCRIPTION
There exists a pressing need to find an alternative source of energy considering the ever increasing demand for energy and depletion of natural resources such as fossil fuels , natural gas , coal , and wood . The need for energy can be met through a sustainable and renewable source of energy . Wind energy can be classified as a form of solar energy . It can be described as the process by which wind is used to generate electricity or mechanical power . Wind turbine , similar to propeller blades of aircraft , rotate with the help of the moving air , and converts the kinetic energy into mechanical power . This mechanical power can be used for various purposes . For instance , it can be used for household electricity requirements or to power an electric generator .
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Wind turbine is a proven technology that generates power . It is acknowledged as a clean and environmental friendly technology ; it does not emits carbon dioxide . Demand for components and parts associated with wind turbine has been rising considering the increase in the number of wind installations across the globe . Bearing is one such important component of wind turbine . Wind turbine bearings are designed to withstand extreme temperatures , load fluctuations , maintenance access and lubricant optimization . Bearing are designed taking into account their reliability , operating efficiency , and application suitability . For instance , the fiberglass used in turbine blades is particularly heavy and entails complex manufacturing processes .
The wind turbine bearing market is driven by factors such as large number of wind installation projects , developments and innovation in the field of wind power generation , and increase in demand for efficient wind turbine components and parts . Rise in demand for power generation in emerging economies , especially China and India , are the key factors driving the wind turbine bearing market . The cost of wind power generation has decreased significantly over the years ; however , the technology associated with it mandates high initial investment . Additionally , intricate and complex manufacturing methods , environmental concerns such as noise produced by the rotor blades , and threat to wildlife habitat such as