Wind Turbine Bearings Market Size, Share, Growth, and Industry Analysis, By Type (Slewing Ring Bearings, Spherical Roller Bearings), By Application (On-shore, Off-shore), Regional Insights and Forecast From 2025 To 2035

• 

  Request a Free sample to learn more about this report

WIND TURBINE BEARINGS MARKET OVERVIEW

The global wind turbine bearings market size at USD 7.02 billion in 2025 and is projected to reach USD 7.76 billion in 2026, growing further to USD 19.06 billion by 2035 at an estimated CAGR of 10.5% from 2026 to 2035.

The growing population leads to higher energy consumption, necessitating the production of a large quantity of sustainable renewable energy. Wind turbines, being a source of renewable energy, are widely embraced by governments and various organizations due to their ability to generate substantial amounts of energy in comparison to alternative sources.

The global demand for wind turbine bearings is on the rise as wind turbine energy plants are being installed extensively worldwide. These bearings are specifically designed to endure high temperatures, moisture, load fluctuations, and extreme weather conditions. In addition to their durability, wind turbine bearings play a crucial role in reducing energy loss by minimizing friction between the rotating components.

By converting kinetic energy into mechanical energy, these bearings enable various applications such as powering electric generators or meeting household electricity needs. Wind turbines have been established as a sustainable and environmentally friendly electricity technology, as they do not emit carbon dioxide.

KEY FINDINGS

COVID-19 IMPACT

Challenges in the Procurement of raw Materials and Transportation Issues

The COVID-19 pandemic has been unprecedented and staggering, with intranasal drug delivery market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The unforeseen rise in CAGR is attributable to the request’s growth and demand returning to pre-pandemic situations.

In the year 2020, the wind turbine component installation faced various challenges due to the COVID-19 pandemic, including difficulties in procuring raw materials and transportation issues. Despite these obstacles, there was a strong growth in the demand for wind turbine installations. This was mainly attributed to the temporary closure of operations in many commercial sectors, leading to a focus on wind energy projects. Governments around the world did not halt installation projects, and there was a collaborative effort between vendors and governments to continue wind turbine installations in different wind farms. This collective effort contributed to the growth of the wind turbine components market during FY 2020.

However, in 2021, as COVID-19 restrictions began to ease, there was a decline in the growth of wind turbine installations compared to 2020. This decline can be attributed to hampered production and negative impacts from suppliers, which had a detrimental effect on the wind turbine components market growth in 2020.

LATEST TRENDS

The rise in demand for wind turbine bearing with increasing onshore wind power installations.

With the implementation of enhanced environmental policies and the anticipated execution of wind energy projects that are currently in the development phase, the wind energy sector is poised to experience significant growth. As per the Global Wind Energy Council (GWEC), wind power accounted for 10%-15% of the global electricity demand in 2021, and this percentage is expected to surpass 20% by the year 2030.

Moreover, several countries, including India, Brazil, Sweden, and Canada, have been actively increasing their onshore wind turbine capacity. This surge in onshore wind power installations will serve as a driving force for market growth within the specified forecast period. The year 2020 witnessed a significant increase in onshore wind capacity additions, reaching a total of 60 GW.

This growth can be attributed to the development of wind farms in the United States and a shift in policy in China from feed-in tariffs to competitive auctions. As a result, the rise in onshore wind capacity installations will correspondingly lead to an increase in turbine installations. This surge in turbine installations will drive the global demand for wind turbine bearings and subsequently propel the market in focus during the forecast period.

• Wind power contributes 10%-15% of global electricity demand, with projections to surpass 20%, highlighting increased adoption of wind turbines.
• Onshore wind capacity additions reached 60 GW, driven by countries like the United States, China, India, Brazil, Sweden, and Canada, reflecting a surge in wind turbine installations.

Request a Free sample to learn more about this report

WIND TURBINE BEARINGS MARKET SEGMENTATION

By Type

Based on type the wind turbine bearings market is classified as slewing ring bearings and spherical roller bearings.

• Slewing Ring Bearings: Slewing ring bearings are engineered to handle combined axial, radial, and moment loads, making them ideal for rotating machinery. Their robust design ensures precise movement in cranes, excavators, and wind turbines.
• Spherical Roller Bearings: Spherical roller bearings accommodate heavy radial loads and moderate axial forces, even under misalignment conditions. Their self-aligning capability and durability make them perfect for industrial gearboxes and mining equipment.

By Application

Based on application the wind turbine bearings market is classified as On-shore and off-shore.

• On-shore: On-shore operations refer to business activities conducted within the same country as the parent company. This approach ensures easier communication, regulatory alignment, and cultural familiarity.
• Off-shore: Off-shore operations involve conducting business in a foreign country, often to leverage cost advantages or specialized expertise. It allows companies to expand globally while optimizing resources and operational efficiency.

DRIVING FACTORS

Growing Investments in wind energy

To address the growing electricity demand and reduce reliance on fossil fuels, governments and private investors are making significant investments in the wind energy sector. This increased investment is driving a higher demand for wind turbines, which in turn leads to an increased demand for wind turbine bearings.

• Government and private investments in wind energy have grown significantly to meet rising electricity demand; global wind energy investment exceeded 142 billion USD.
• Favorable policies such as feed-in tariffs, tax credits, and grants in over 30 countries worldwide have boosted wind turbine deployment and wind turbine bearing demand.

Favorable government policies and incentives

Numerous countries have adopted policies and incentives aimed at promoting the utilization of renewable energy sources. These measures encompass initiatives such as feed-in tariffs, tax credits, and grants, which serve to incentivize the development and installation of wind turbines. As a result, the demand for wind turbine bearings is propelled by the increasing adoption of these policies and incentives.

RESTRAINING FACTORS

High Initial investment costs

The wind turbine installation process requires a substantial amount of capital investment, encompassing expenses related not only to the turbine itself but also to its associated components, including bearings. The considerable initial costs can discourage certain potential investors and impede the expansion of the market for wind turbine bearings.

• High operational and maintenance costs of wind turbines, averaging 50,000–80,000 USD per MW annually, limit adoption in certain regions.
• Bearings are subject to wear and tear under extreme conditions; in cold climates, failure rates of bearings can reach 5%-7%, affecting turbine efficiency.
• Request a Free sample to learn more about this report

•  

WIND TURBINE BEARINGS MARKET REGIONAL INSIGHTS

The market for wind turbine bearings is divided into different regions, namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe has emerged as a leading market for wind turbine bearings due to its early acceptance of wind energy and supportive governmental regulations.

Nonetheless, the Asia Pacific region is anticipated to experience notable growth in the foreseeable future, primarily due to the rapid expansion of wind power capacity in countries such as China and India. Similarly, North America is also witnessing significant advancements in the wind energy sector, thereby boosting the demand for wind turbine bearings.

KEY INDUSTRY PLAYERS

Financial Players investing in research and development activities

The market for wind turbine bearings is characterized by intense competition, as numerous global and regional players strive to gain market share. These companies are prioritizing product innovations, partnerships, and acquisitions as strategies to enhance their market presence and broaden their customer reach. Manufacturers are making significant investments in the development of cutting-edge bearing technologies tailored specifically for wind turbine applications.

• SKF: Provides wind turbine bearings for turbines above 8 MW, with global installations exceeding 25,000 units.
• Timken: Supplied over 15,000 bearings for onshore and offshore turbines worldwide and specializes in reducing maintenance downtime by up to 30%.

List of Top Wind Turbine Bearings Companies

• NTN (Japan)
• Liebherr (Germany)
• ZWZ (China)
• JTEKT (Japan)
• SKF (Sweden)
• Ritbearing Corporation (U.S.)
• NSK Ltd (Japan)
• Timken (U.S.)
• Chengdu Tianma railway bearings Co. Ltd. (China)
• Schaeffler (Germany)
• Beijing Jingye Bearing Co. Ltd. (China)
• Luoyang LYC Bearing Corp. (China)

REPORT COVERAGE

The future demand for wind turbine bearings is covered in this study. The Research report includes the various challenges faced due to the Covid-19 Impact. The report covers the latest trends in the market leading to the rise in demand for wind turbine bearings. The paper includes a segmentation of the wind turbine market. The research paper includes the driving factors which lead to increased demand for wind turbine bearings. The report also covers information on Regional Insights where the region which has emerged leading market for wind turbine bearings.