Lubricants for Wind Turbine Market By Reports And Data
                     Lubricants for Wind Turbine Market To 
Reach USD 226.1 Million By 2026
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       Market  Summary
Increasing installation of wind turbines coupled with 
increasing government regulations to support 
renewable energy sources is likely to stimulate 
demand.
Lubricants for Wind Turbine Market Size – USD 
226.1 million in 2018, Market Growth - CAGR of 8%, 
Market Trends – Increased adoption of renewable 
energy
            M  a Orkuetr  S Aumpmparroyach
The global lubricants for Wind turbine market is projected to grow at a CAGR of 8% 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.
Key participants include Castrol, Kluber Lubrication, DOW Corning, Shell, Indian Oil Corporation, 
ExxonMobil and Amsoil. ExxonMobil is a key player in the lubricants for wind turbine market. With a 
global presence in America, Europe, MEA and Asia Pacific, the company offers a wide range turbine 
oils.
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       M   a r kOeut  Sru Ampmparyoach
For the purpose of this report, Reports and Data have segmented global lubricants for wind turbine 
market on the basis of lubricant type, oil replacement cycle, turbine component, application and region:
Lubricant Type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
• Gear Oil
• Grease
• Hydraulic Fluid
Oil Replacement Cycle Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
• 6-12 months
• 12 months and above
Turbine Component Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)Blade
• Rotors
• JAW
• Gearbox
• Others
       M   a r kOeut  Sru Ampmparyoach
Application Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
• Onshore
• Offshore
Regional Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
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       M   a r kOeut  Sru Ampmparyoach
Further key findings from the report suggest
• Gear Oils is projected to be the fastest growing lubricant type with a CAGR of 8.1% in the forecast period. 
The demand for gear oil lubricants is expected to witness an upward trend due to the increase in contact 
pressures and expected increase in the oil life span. Gear box is considered to be the critical component in 
terms of downtime and failure rates. Almost 70 percent of gear box failures are caused due to the 
lubricant degradation, which reduces the life span of wind turbine operation.
• European market is forecasted to grow significantly in the coming years. Rising demand for the latest 
turbine technologies is a key factor affecting market growth in the region. Space constraints and siting 
challenges have led to an increase in demand for taller towers in European markets to make use of 
marginal wind sites and existing forested land that available for development. The increased availability 
of opportunities for repowering in the EU is also likely to drive market demand. According to IEA, around 
50 percent of the cumulative wind capacity in EU will reach the end of its operational life by 2030…
Continued
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   A  b  oOuutr U Aspproach
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