Wind turbine gearbox market to grow by $3.51 billion during 2021-2025: Technavio
The global wind turbine gearbox market is expected to grow by $3.51 billion during 2021-2025, according to a report published by Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the Covid-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a compound annual growth rate of over 5 per cent.
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