birds and bats due to the rotation of blades are some of the factors likely to hamper the wind turbine bearing market in the near future.
Based on application, the wind turbine bearing market can be segmented into gearbox( spherical roller bearings, cylindrical roller bearing, metric tapers, radial bearings, and angular contact bearings), main shaft( spherical, cylindrical, and tapered), electric generator( hybrid and electrically insulated radial ball bearings), rotor bearing( cylindrical / spherical thrust roller), and rotor pitch( slew rings). In terms of end-user, the wind turbine bearing market can be classified into residential, commercial, and industrial. The industrial segment can be further divided into agriculture, power generation, industrial automation, and telecommunication. Industrial is the major end-user of wind turbine bearings; it accounts for key share of the wind turbine bearing market.
In terms of region, North America is the major market for wind turbine bearings, led by the shift toward the usage of wind and solar energy in order to comply with carbon emission standards and lower dependence on fossil fuels. The wind turbine bearing market in Europe and Asia Pacific is expected to expand significantly during the forecast period, driven by the federal wind energy policies and increase in government initiatives that support wind turbine installation.
The global wind turbine bearing market is well diversified and highly competitive, with the presence of established international and regional vendors. Complexity of the manufacturing process, offshore and onshore application of bearings, and the capability of manufacturers to provide the same distinguishes them from competitors. Key players operating in the wind turbine bearing market are: ZWZ, Dalian Metallurgical Bearing Group, SKF, Timken, TMB, LYC Bearing, Xibei Bearing, Rothe Erde, Schaeffler Group, Kaydon, and Rollix.
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