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A wind turbine can be defined as a device that converts the wind’s kinetic energy into electrical energy. The wind turbine is attached with various components such as blade, rotor, generator, gearbox, etc. It is used to provide clean energy. The wind turbine breaks are positioned next to the gearbox and these brakes help in reducing the rotational speed of blade assembly. The brakes function to stop the blade from rotating. The brakes are applied in case of maintenance activities or in case of emergency to hold the turbine in place. The installation of wind turbines is rapidly increasing across the globe as it provides cheaper and cleaner energy.
Based on type, the global wind turbine brakes market is segmented into yaw brakes, rotor brakes, and rotor locks. Yaw breaks are used as a braking system for aligning, yaw, and stopping the wind turbine. This type of brake protects wind turbines from punctual and wind loads. Rotor brakes are used as an emergency and safety brake at the time of maintenance activities of the turbine. Rotor locks are used to lock the wind turbine to stop the turbine.
Based on application, the global wind turbine brakes market is segmented into onshore and offshore. The onshore application segment is estimated to dominate the market as they are economically feasible and highly adopted in the market. However, the offshore application is likely to grow at a faster rate. Offshore wind farms are highly efficient and generate more electricity than onshore. The offshore wind farms are undergoing technological advancement which attracts many countries to invest in this sector. Offshore wind farms produce less noise and do not harm the environment.
Based on the installation, the global wind turbine brakes market is segmented into retrofit and company fitted. Retrofit refers to the addition of new features or technology to older systems. It helps in reducing the capital expenditure while experiencing the benefits of new technology and it also reduces maintenance cost. The retrofit segment is likely to foresee significant growth during the forecast period. The company fitted requires high capital expenditure.
The demand for electricity generation from renewable sources such as wind energy is widely increasing. The installation of wind farms is rising as the investment in wind energy is rising among various countries such as the U.K., the U.S., China, and others. Growing pollution across the globe along with increasing awareness to reduce carbon emission also leads to higher demand for clean energy. The government is also encouraging the installation of wind turbines and has adopted various initiatives to boost the renewable energy sector. Thus, increases the implementation of wind turbines and drives growth in the wind turbine brakes market. However, the construction of wind turbines is highly expensive and requires a heavy initial investment. Wind turbines produce lots of noise-causing noise pollution and affect local wildlife as the birds can be killed by rotating blades.
Key Market Driver -
Growing investment in wind energy
Key Market Restraint -
High initial investment
Some of the major companies in the global wind turbine brakes market are ALtra, GKN, SIBER Siegerland Bbremsen, The Hilliard Corp, Thomson Industries Inc., ANTEC, Dellner Brakes AB, Hindon LLC, Hydratech Industries, Miki Pulley Co., WC Branham Inc., ICP Wind, Hydratech, and COHORT Manufacturing.
The global wind turbine brakes market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region dominated the wind turbine brakes market in 2020. The major growth driving factor in this region is increasing investment in renewable energy specifically in wind energy. Countries such as India, Japan, and China are rapidly investing in the renewable energy sector. The installation of wind power is highest in China in the world. The government in this region is also encouraging the installation of wind farms. Thus, leads to the highest market for wind turbine brakes in this region.
Europe contributes significantly towards growth during the forecast period. The focus on developing renewable energy sources is widely increasing in this region. Many countries are installing wind energy to reduce carbon emissions. The investment in offshore wind energy is also increasing rapidly in the European region. The UK dominated the market in this region as the installation of the offshore wind turbine is widely increasing in this country. North America region is estimated to show significant growth in the global wind turbine brakes market. The U.S. has the second-highest installed wind power in the world. This region exploring renewable sources of energy and investing in these sources to generate electricity.
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