The global lubricants for Wind turbine market is projected to grow at a CAGR of 8.16% in the forecast period, according to a new report by Reports and Data. Increased adoption of wind energy globally is a key factor affecting market growth. This can be mainly associated with increased efficiency of renewable energy sources coupled with growing awareness towards GHG emissions and energy security.

Additionally, advancements in wind technology have also led to an increase in the adoption of wind turbines. There has been an improvement in wind turbines and the related technology has evolved over time. For instance: Countries have been focusing on increasing the size of their turbines. Along with this, the average capacity factors of the turbines have also increased. This can be mainly associated with larger rotors and improved design. Thus, countries have started shifting to wind energy for power generation. Thus, with increase in wind turbines and turbine size, the demand for lubricants will also significantly increase.

Europe is expected to dominate the market for Wind Turbine Lubricants in 2026 and grow at a CAGR of 8.9%. The recent regulatory and economic development in Europe is expected to significantly change the wind energy perspective for the next few years. At the end of 2017, Germany accounted for the largest share of the installed power capacity. The installed power capacity rose from 28712 MW in 2011 to 55876 MW in 2017. The off shore installed capacity has also witnessed a rise of almost 30 percent since 2016. Similarly Spain and United Kingdom have also experienced a significant rise in their installed capacity. Decline in price of wind-power installation is also anticipated to foster market growth. As compared to 2012, the OEM’s reported decline in costs by 2–11 percent in the region.

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Top Companies Profiled in the Wind Turbine Lubricants Market Report:

Castrol, Kluber Lubrication, DOW Corning, Shell, Indian Oil Corporation, ExxonMobil and Amsoil. ExxonMobil is a key player in the Wind Turbine Lubricants market. With a global presence in America, Europe, MEA and Asia Pacific, the company offers a wide range turbine oils.

Major Points Covered in the Global Wind Turbine Lubricants Market Report:

Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Wind Turbine Lubricants market based on product type, technology landscape, and application range.
Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
Regional Analysis: In this section, the latest report highlights the extensive global presence of the Wind Turbine Lubricants market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Competitive Landscape: This section of the report highlights the key players in the global Wind Turbine Lubricants market. It further emphasizes the leading products and services offered by these companies.
Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalogue, production value and capacity, and other vital information.
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Lubricant Type Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Gear Oil
Grease
Hydraulic Fluid
Oil Replacement Cycle Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

6-12 months
12 months and above
Turbine Component Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Blade
Rotors
JAW
Gearbox
Others
Application Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Onshore
Offshore
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