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Wind Turbine Lubricants Market Forecast to 2028 - Global Analysis by Base Oil and Product Type- Product Image
Wind Turbine Lubricants Market Forecast to 2028 - Global Analysis by Base Oil and Product Type- Product Image
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Wind Turbine Lubricants Market Forecast to 2028 - Global Analysis by Base Oil and Product Type

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    Report

  • 184 Pages
  • June 2023
  • Region: Global
  • The Insight Partners
  • ID: 5834465
UP TO OFF until Dec 31st 2024
Description Jump to:
The wind turbine lubricants market size is expected to grow from US$ 180.78 million in 2022 to US$ 326.56 million by 2028; it is estimated to record a CAGR of 10.4% from 2022 to 2028.

Wind turbine lubricants play an important role in the equipment operation, maintenance, and reliability of a wind farm. The market for wind turbine lubricants is mainly driven by factors such as increasing installed wind capacity and government initiatives for the development of the wind energy sector. A growing focus on reducing carbon dioxide emissions is increasing the utilization of renewable energy sources. With the increased utilization of renewable energy, wind energy is becoming a vital energy system in many countries. Hence, governments of various countries are investing in developing the wind energy sector. All these factors are driving the demand for wind turbine lubricants. Further, with the continuous growth in the wind energy sector, wind turbine lubricant manufacturers are focusing on developing a greater number of high-performance lubricants.

Based on product type, the global wind turbine lubricants market is segmented into grease, gear oil, hydraulic oil, and others. The wind turbine lubricants market share for the gear oil segment was largest in 2022. Gear oil is one of the most widely used wind turbine lubricants. It is used in lubricating gearboxes. Enclosed gearboxes are an important component in the nacelles of many wind turbines. The gearbox is a specific part of a wind turbine exposed to the strongest winds. Wind turbine gearboxes may get affected by the harsh operating conditions of wind farms, including load variation, vibration, temperature, and fluctuation in wind speeds and direction. Hence, lubrication is used to increase the viscosity of the wind turbine gearbox to withstand any effects of harsh conditions. The gears are appropriately lubricated with a suitable viscosity-grade industrial gear oil formulated with the proper performance credentials to keep these systems operating at maximum efficiency. A properly formulated gear oil increases the reliability of the gearbox unit. Also, industrial gear oils play an important role in maintaining the durability of gearboxes and preventing unplanned downtime.

In 2022, Asia Pacific held the largest revenue share of the global wind turbine lubricants market.

China is a major contributor to the wind turbine lubricants market growth in this region. In 2020, China announced the “30-60” target to lower carbon dioxide emissions by 2030 and attain carbon neutrality by 2060. As a result, the country has started working on the long-term goal of creating a new type of power system with renewables at its core. By the end of 2022, the installed renewable energy capacity of China surpassed its coal power capacity for the first time. Renewable energy accounts for ~47.3% of the country’s total power generation capacity. According to the “Global Wind Report 2023” published by the Global Wind Energy Council, China achieved record additions of 68.6 GW of grid-connected onshore wind projects in 2020 and 16.9 GW of offshore installations in 2021, mainly driven by the complete phaseout of renewables subsidies. In Japan, the government has set the target of 10 GW of offshore wind installation by 2030 and 30-45 GW by 2040. According to the IEA Wind TCP, Japan’s wind power capacity reached 4,581 MW by the end of 2021. The Japan Wind Power Association stated that the country installed 232.9 MW of new wind capacity in 2022, bringing the total capacity in operation to 4,802 MW. Thus, the increasing installed wind capacity in various countries from the region, drives the demand for wind turbine lubricants.

The key players operating in the global wind turbine lubricants market include TotalEnergies, Exxon Mobil Corporation, FUCHS, BP p.l.c., Klüber Lubrication, Shell, Phillips 66 Company, Chevron, Afton Chemical, AMSOIL INC., and The Lubrizol Corporation. Players in the global market focus on providing high-quality products to fulfill customer demand. For this, they invest significantly in research and development activities.

The overall global wind turbine lubricants market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the wind turbine lubricants market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Wind Turbine Lubricants Market, by Base Oil
1.3.2 Global Wind Turbine Lubricants Market, by Product Type
1.3.3 Global Wind Turbine Lubricants Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Wind Turbine Lubricants Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Premium Insights - Wind Energy Sector
4.4.1 Wind Energy - Global Market Overview and Forecast to 2028 (MW)
4.4.2 Wind Energy - Regional Market Forecast to 2028 (MW)
4.4.3 New Capacity of Wind Energy at Major Countries
4.4.4 Wind Energy Market - Technology Insights
4.4.4.1 Bigger Blades
4.4.4.2 Onsite Construction and Assembly
4.4.4.3 Growing Adoption of Turbine Recycling
4.4.4.4 Emerging Deployment of Floating Wind Turbines
4.5 Insights on Service Fill Market
4.6 Expert Opinion
5. Wind Turbine Lubricants Market - Key Market Dynamics
5.1 Market Drivers
5.1.1.1 Increasing Installed Wind Capacity
5.1.1.2 Government Initiatives for Development of Wind Energy Sector
5.2 Market Restraint
5.2.1.1 Fluctuations in Prices of Raw Materials
5.3 Market Opportunity
5.3.1.1 Growth of Wind Energy Sector in Middle East & Africa
5.4 Future Trend
5.4.1.1 Rising Focus of Manufacturers on Developing Bio-based Lubricants
5.5 Impact Analysis
6. Wind Turbine Lubricants - Global Market Analysis
6.1 Global Wind Turbine Lubricants Market Overview
6.2 Global Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
6.3 Global Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
6.4 Market Positioning - Wind Turbine Lubricants Market Players
7. Global Wind Turbine Lubricants Market Analysis - By Base Oil
7.1 Overview
7.2 Wind Turbine Lubricants Market, By Base Oil (2021 and 2028)
7.3 Mineral Oil
7.3.1 Overview
7.3.2 Mineral Oil: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Synthetic
7.4.1 Overview
7.4.2 Synthetic: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Bio-Based
7.5.1 Overview
7.5.2 Bio-Based: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
8. Global Wind Turbine Lubricants Market Analysis - By Product Type
8.1 Overview
8.2 Wind Turbine Lubricants Market, By Product Type (2021 and 2028)
8.3 Grease
8.3.1 Overview
8.3.2 Grease: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
8.3.3 Grease: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Gear Oil
8.4.1 Overview
8.4.2 Gear Oil: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
8.4.3 Gear Oil: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Hydraulic Oil
8.5.1 Overview
8.5.2 Hydraulic Oil: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
8.5.3 Hydraulic Oil: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
8.6.3 Others: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
9. Global Wind Turbine Lubricants Market - Geographic Analysis
9.1 Overview
9.2 North America: Wind Turbine Lubricants Market
9.2.1 North America: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.2.2 North America: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America: Wind Turbine Lubricants Market, by Base Oil
9.2.4 North America: Wind Turbine Lubricants Market, by Product Type
9.2.5 North America: Wind Turbine Lubricants Market, by Key Country
9.2.5.1 US: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.2.5.2 US: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 US: Wind Turbine Lubricants Market, by Base Oil
9.2.5.2.2 US: Wind Turbine Lubricants Market, by Product Type
9.2.5.2.3 US: Wind Turbine Lubricants Market, by Product Type
9.2.5.3 Canada: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.2.5.4 Canada: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.1 Canada: Wind Turbine Lubricants Market, by Base Oil
9.2.5.4.2 Canada: Wind Turbine Lubricants Market, by Product Type
9.2.5.4.3 Canada: Wind Turbine Lubricants Market, by Product Type
9.2.5.5 Mexico: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.2.5.6 Mexico: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.1 Mexico: Wind Turbine Lubricants Market, by Base Oil
9.2.5.6.2 Mexico: Wind Turbine Lubricants Market, by Product Type
9.2.5.6.3 Mexico: Wind Turbine Lubricants Market, by Product Type
9.3 Europe: Wind Turbine Lubricants Market
9.3.1 Europe: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.3.2 Europe: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe: Wind Turbine Lubricants Market, by Base Oil
9.3.4 Europe: Wind Turbine Lubricants Market, by Product Type
9.3.5 Europe: Wind Turbine Lubricants Market, by Key Country
9.3.5.1 Germany: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.3.5.2 Germany: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.1 Germany: Wind Turbine Lubricants Market, by Base Oil
9.3.5.2.2 Germany: Wind Turbine Lubricants Market, by Product Type
9.3.5.2.3 Germany: Wind Turbine Lubricants Market, by Product Type
9.3.5.3 France: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.3.5.4 France: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.1 France: Wind Turbine Lubricants Market, by Base Oil
9.3.5.4.2 France: Wind Turbine Lubricants Market, by Product Type
9.3.5.4.3 France: Wind Turbine Lubricants Market, by Product Type
9.3.5.5 Italy: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.3.5.6 Italy: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.1 Italy: Wind Turbine Lubricants Market, by Base Oil
9.3.5.6.2 Italy: Wind Turbine Lubricants Market, by Product Type
9.3.5.6.3 Italy: Wind Turbine Lubricants Market, by Product Type
9.3.5.7 United Kingdom: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.3.5.8 United Kingdom: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.3.5.8.1 United Kingdom: Wind Turbine Lubricants Market, by Base Oil
9.3.5.8.2 United Kingdom: Wind Turbine Lubricants Market, by Product Type
9.3.5.8.3 United Kingdom: Wind Turbine Lubricants Market, by Product Type
9.3.5.9 Russia: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
9.3.5.10 Russia: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
9.3.5.10.1 Russia: Wind Turbine Lubricants Market, by Base Oil
9.3.5.10.2 Russia: Wind Turbine Lubricants Market, by Product Type
9.3.5.10.3 Russia: Wind Turbine Lubricants Market, by Product Type
9.3.5.11 Rest of Europe: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
9.3.5.12 Rest of Europe: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.3.5.12.1 Rest of Europe: Wind Turbine Lubricants Market, by Base Oil
9.3.5.12.2 Rest of Europe: Wind Turbine Lubricants Market, by Product Type
9.3.5.12.3 Rest of Europe: Wind Turbine Lubricants Market, by Product Type
9.4 Asia Pacific: Wind Turbine Lubricants Market
9.4.1 Asia Pacific: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.4.2 Asia Pacific: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.4.3 Asia Pacific: Wind Turbine Lubricants Market, by Base Oil
9.4.4 Asia Pacific: Wind Turbine Lubricants Market, by Product Type
9.4.5 Asia Pacific: Wind Turbine Lubricants Market, by Key Country
9.4.5.1 Australia: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
9.4.5.2 Australia: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 Australia: Wind Turbine Lubricants Market, by Base Oil
9.4.5.2.2 Australia: Wind Turbine Lubricants Market, by Product Type
9.4.5.2.3 Australia: Wind Turbine Lubricants Market, by Product Type
9.4.5.3 China: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
9.4.5.4 China: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 China: Wind Turbine Lubricants Market, by Base Oil
9.4.5.4.2 China: Wind Turbine Lubricants Market, by Product Type
9.4.5.4.3 China: Wind Turbine Lubricants Market, by Product Type
9.4.5.5 India: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
9.4.5.6 India: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.4.5.6.1 India: Wind Turbine Lubricants Market, by Base Oil
9.4.5.6.2 India: Wind Turbine Lubricants Market, by Product Type
9.4.5.6.3 India: Wind Turbine Lubricants Market, by Product Type
9.4.5.7 Japan: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
9.4.5.8 Japan: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.4.5.8.1 Japan: Wind Turbine Lubricants Market, by Base Oil
9.4.5.8.2 Japan: Wind Turbine Lubricants Market, by Product Type
9.4.5.8.3 Japan: Wind Turbine Lubricants Market, by Product Type
9.4.5.9 South Korea: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
9.4.5.10 South Korea: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.4.5.10.1 South Korea: Wind Turbine Lubricants Market, by Base Oil
9.4.5.10.2 South Korea: Wind Turbine Lubricants Market, by Product Type
9.4.5.10.3 South Korea: Wind Turbine Lubricants Market, by Product Type
9.4.5.11 Rest of Asia Pacific: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
9.4.5.12 Rest of Asia Pacific: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.4.5.12.1 Rest of Asia Pacific: Wind Turbine Lubricants Market, by Base Oil
9.4.5.12.2 Rest of Asia Pacific: Wind Turbine Lubricants Market, by Product Type
9.4.5.12.3 Rest of Asia Pacific: Wind Turbine Lubricants Market, by Product Type
9.5 Middle East and Africa: Wind Turbine Lubricants Market
9.5.1 Middle East and Africa: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.5.2 Middle East and Africa: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.5.3 Middle East and Africa: Wind Turbine Lubricants Market, by Base Oil
9.5.4 Middle East and Africa: Wind Turbine Lubricants Market, by Product Type
9.5.5 Middle East and Africa: Wind Turbine Lubricants Market, by Key Country
9.5.5.1 South Africa: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.5.5.2 South Africa: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 South Africa: Wind Turbine Lubricants Market, by Base Oil
9.5.5.2.2 South Africa: Wind Turbine Lubricants Market, by Product Type
9.5.5.2.3 South Africa: Wind Turbine Lubricants Market, by Product Type
9.5.5.3 Saudi Arabia: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.5.5.4 Saudi Arabia: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Saudi Arabia: Wind Turbine Lubricants Market, by Base Oil
9.5.5.4.2 Saudi Arabia: Wind Turbine Lubricants Market, by Product Type
9.5.5.4.3 Saudi Arabia: Wind Turbine Lubricants Market, by Product Type
9.5.5.5 UAE: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.5.5.6 UAE: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.5.5.6.1 UAE: Wind Turbine Lubricants Market, by Base Oil
9.5.5.6.2 UAE: Wind Turbine Lubricants Market, by Product Type
9.5.5.6.3 UAE: Wind Turbine Lubricants Market, by Product Type
9.5.5.7 Rest of MEA: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.5.5.8 Rest of MEA: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.5.5.8.1 Rest of MEA: Wind Turbine Lubricants Market, by Base Oil
9.5.5.8.2 Rest of MEA: Wind Turbine Lubricants Market, by Product Type
9.5.5.8.3 Rest of MEA: Wind Turbine Lubricants Market, by Product Type
9.6 South & Central America: Wind Turbine Lubricants Market
9.6.1 South & Central America: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.6.2 South & Central America: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.6.3 South & Central America: Wind Turbine Lubricants Market, by Base Oil
9.6.4 South & Central America: Wind Turbine Lubricants Market, by Product Type
9.6.5 South & Central America: Wind Turbine Lubricants Market, by Key Country
9.6.5.1 Brazil: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.6.5.2 Brazil: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.6.5.2.1 Brazil: Wind Turbine Lubricants Market, by Base Oil
9.6.5.2.2 Brazil: Wind Turbine Lubricants Market, by Product Type
9.6.5.2.3 Brazil: Wind Turbine Lubricants Market, by Product Type
9.6.5.3 Argentina: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.6.5.4 Argentina: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.6.5.4.1 Argentina: Wind Turbine Lubricants Market, by Base Oil
9.6.5.4.2 Argentina: Wind Turbine Lubricants Market, by Product Type
9.6.5.4.3 Argentina: Wind Turbine Lubricants Market, by Product Type
9.6.5.5 Rest of South & Central America: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
9.6.5.6 Rest of South & Central America: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
9.6.5.6.1 Rest of South & Central America: Wind Turbine Lubricants Market, by Base Oil
9.6.5.6.2 Rest of South & Central America: Wind Turbine Lubricants Market, by Product Type
9.6.5.6.3 Rest of South & Central America: Wind Turbine Lubricants Market, by Product Type
10. Impact of COVID-19 Pandemic on Global Wind Turbine Lubricants Market
10.1 Impact of COVID-19 Pandemic on Wind Turbine Lubricants Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Expansion
11.3 Partnerships
12. COMPANY PROFILES
12.1 TotalEnergies SE
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 BP Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Chevron Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Exxon Mobil Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Fuchs Petrolub SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Kluber Lubrication GmbH & Co KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Phillips
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Shell Plc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 The Lubrizol Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Afton Chemical Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 AMSOIL Inc
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Tables
Table 1. Wind Energy - Global Market Overview and Forecast to 2028 (MW)
Table 2. Wind Energy - Regional Market Forecast to 2028 (MW)
Table 3. New Capacity of Wind Energy at Major Countries, 2022 (MW)
Table 4. Global Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Table 5. Global Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Table 6. Global Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 7. Global Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 8. Global Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. North America Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 10. North America Wind Turbine Lubricants Market, by Product Type- Volume and Forecast to 2028 (Tons)
Table 11. North America Wind Turbine Lubricants Market, by Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 12. US Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 13. US Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 14. US Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 17. Canada: Wind Turbine Lubricants Market, by Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 20. Mexico Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 23. Europe Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 26. Germany Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 27. France Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 28. France Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 29. France Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 30. Italy Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 31. Italy Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 32. Italy Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 33. United Kingdom Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 34. United Kingdom Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 35. United Kingdom Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 36. Russia : Wind Turbine Lubricants Market, by Base Oil- Revenue and Forecast to 2028 (US$ Million)
Table 37. Russia: Wind Turbine Lubricants Market, by Product Type -Volume and Forecast to 2028 (Tons)
Table 38. Russia: Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Europe Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 40. Rest of Europe Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 41. Rest of Europe Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 42. Asia Pacific Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 43. Asia Pacific Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 44. Asia Pacific Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 45. Australia Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 46. Australia Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 47. Australia Wind Turbine Lubricants Market, by Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 48. China Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 49. China Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 50. China Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 51. India Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 52. India Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 53. India Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 54. Japan Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 55. Japan Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 56. Japan Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 57. South Korea Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 58. South Korea Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 59. South Korea Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 60. Rest of Asia Pacific Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 61. Rest of Asia Pacific Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 62. Rest of Asia Pacific Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 63. Middle East and Africa Wind Turbine Lubricants Market, by Base Oil- Revenue and Forecast to 2028 (US$ Million)
Table 64. Middle East and Africa Wind Turbine Lubricants Market, by Product Type- Volume and Forecast to 2028 (Tons)
Table 65. Middle East and Africa Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 66. South Africa Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 67. South Africa Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 68. South Africa Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 69. Saudi Arabia Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 70. Saudi Arabia Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 71. Saudi Arabia Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 72. UAE Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 73. UAE Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 74. UAE Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of MEA Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of MEA Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 77. Rest of MEA Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 78. South & Central America Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 79. South & Central America Wind Turbine Lubricants Market, by Product Type- Volume and Forecast to 2028 (Tons)
Table 80. South & Central America Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 82. Brazil Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 83. Brazil Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 85. Argentina Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 86. Argentina Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of South & Central America Wind Turbine Lubricants Market, by Base Oil - Revenue and Forecast to 2028 (US$ Million)
Table 88. Rest of South & Central America Wind Turbine Lubricants Market, by Product Type - Volume and Forecast to 2028 (Tons)
Table 89. Rest of South & Central America Wind Turbine Lubricants Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 90. Glossary of Terms, Global Wind Turbine Lubricants Market
List of Figures
Figure 1. Global Wind Turbine Lubricants Market Segmentation
Figure 2. Global Wind Turbine Lubricants Market Segmentation - By Geography
Figure 3. Global Wind Turbine Lubricants Market Overview
Figure 4. Global Wind Turbine Lubricants Market, By Base Oil
Figure 5. Global Wind Turbine Lubricants Market, by Geography
Figure 6. Global Wind Turbine Lubricants Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: Global Wind Turbine Lubricants Market
Figure 9. Expert Opinion
Figure 10. Historic Development of New Installations (GW)
Figure 11. New Wind Power Capacity in 2022, by Region (%)
Figure 12. Global Wind Turbine Lubricants Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of Wind Turbine Lubricants Market
Figure 14. Global Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 15. Global Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Wind Turbine Lubricants Market Revenue Share, By Base Oil (2021 and 2028)
Figure 17. Mineral Oil: Wind Turbine Lubricants Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. Synthetic : Wind Turbine Lubricants Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Bio-Based: Wind Turbine Lubricants Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. Wind Turbine Lubricants Market Revenue Share, By Product Type (2021 and 2028)
Figure 21. Grease: Wind Turbine Lubricants Market - Volume and Forecast To 2028 (Tons)
Figure 22. Grease: Wind Turbine Lubricants Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Gear Oil: Wind Turbine Lubricants Market - Volume and Forecast To 2028 (Tons)
Figure 24. Gear Oil: Wind Turbine Lubricants Market - Revenue and Forecast To 2028 (US$ Million)
Figure 25. Hydraulic Oil: Wind Turbine Lubricants Market - Volume and Forecast To 2028 (Tons)
Figure 26. Hydraulic Oil: Wind Turbine Lubricants Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. Others: Wind Turbine Lubricants Market - Volume and Forecast To 2028 (Tons)
Figure 28. Others: Wind Turbine Lubricants Market - Revenue and Forecast To 2028 (US$ Million)
Figure 29. Global Wind Turbine Lubricants Market Revenue Share, by Region (2021 and 2028)
Figure 30. North America: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 31. North America: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Wind Turbine Lubricants Market Revenue Share, by Base Oil (2021 and 2028)
Figure 33. North America: Wind Turbine Lubricants Market Revenue Share, by Product Type (2021 and 2028)
Figure 34. North America: Wind Turbine Lubricants Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. US: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 36. US: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
Figure 38. Canada: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
Figure 40. Mexico: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
Figure 41. New Onshore and Offshore Wind Installations in Europe
Figure 42. New Wind Installations in Europe, by Country (2022)
Figure 43. Europe: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
Figure 44. Europe: Wind Turbine Lubricants Market- Revenue and Forecast to 2028 (US$ Million)
Figure 45. Europe: Wind Turbine Lubricants Market Revenue Share, by Base Oil (2021 and 2028)
Figure 46. Europe: Wind Turbine Lubricants Market Revenue Share, by Product Type (2021 and 2028)
Figure 47. Europe: Wind Turbine Lubricants Market Revenue Share, by Key Country (2021 and 2028)
Figure 48. Germany: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
Figure 49. Germany: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
Figure 50. France: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
Figure 51. France: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
Figure 52. Italy: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
Figure 53. Italy: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
Figure 54. United Kingdom: Wind Turbine Lubricants Market-Volume and Forecast to 2028 (Tons)
Figure 55. United Kingdom: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
Figure 56. Russia: Wind Turbine Lubricants Market- Volume and Forecast to 2028 (Tons)
Figure 57. Russia: Wind Turbine Lubricants Market-Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of Europe: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 59. Rest of Europe: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 60. Asia Pacific: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 61. Asia Pacific: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 62. Asia Pacific: Wind Turbine Lubricants Market Revenue Share, by Base Oil (2021 and 2028)
Figure 63. Asia Pacific: Wind Turbine Lubricants Market Revenue Share, by Product Type (2021 and 2028)
Figure 64. Asia Pacific: Wind Turbine Lubricants Market Revenue Share, by Key Country (2021 and 2028)
Figure 65. Australia: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 66. Australia: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 67. China: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 68. China: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 69. India: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 70. India: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 71. Japan: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 72. Japan: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 73. South Korea: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 74. South Korea: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of Asia Pacific: Wind Turbine Lubricants Market - Volume and Forecast to 2028 (Tons)
Figure 76. Rest of Asia Pacific: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 77. Middle East and Africa: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 78. Middle East and Africa: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 79. Middle East and Africa: Wind Turbine Lubricants Market Revenue Share, by Base Oil (2021 and 2028)
Figure 80. Middle East and Africa: Wind Turbine Lubricants Market Revenue Share, by Product Type (2021 and 2028)
Figure 81. Middle East and Africa: Wind Turbine Lubricants Market Revenue Share, by Key Country (2021 and 2028)
Figure 82. South Africa: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 83. South Africa: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 84. Saudi Arabia: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 85. Saudi Arabia: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 86. UAE: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 87. UAE: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 88. Rest of MEA: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 89. Rest of MEA: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 90. South & Central America: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 91. South & Central America: Wind Turbine Lubricants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 92. South & Central America: Wind Turbine Lubricants Market Revenue Share, by Base Oil (2021 and 2028)
Figure 93. South & Central America: Wind Turbine Lubricants Market Revenue Share, by Product Type (2021 and 2028)
Figure 94. South & Central America: Wind Turbine Lubricants Market Revenue Share, by Key Country (2021 and 2028)
Figure 95. Brazil: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 96. Brazil: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 97. Argentina: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 98. Argentina: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 99. Rest of South & Central America: Wind Turbine Lubricants Market -Volume and Forecast to 2028 (Tons)
Figure 100. Rest of South & Central America: Wind Turbine Lubricants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 101. Impact of COVID-19 Pandemic on Wind Turbine Lubricants Market in North America
Figure 102. Impact of COVID-19 Pandemic on Wind Turbine Lubricants Market in Europe
Figure 103. Impact of COVID-19 Pandemic on Wind Turbine Lubricants Market in Asia Pacific
Figure 104. Impact of COVID-19 Pandemic on Wind Turbine Lubricants Market in Middle East & Africa
Figure 105. Impact of COVID-19 Pandemic on Wind Turbine Lubricants Market in South & Central America

Companies Mentioned

  • TotalEnergies SE
  • BP p.l.c.
  • Chevron
  • Exxon Mobil Corporation
  • FUCHS Petrolub SE
  • Klüber Lubrication GmbH & Co.
  • Phillips 66 Company
  • Shell Plc
  • The Lubrizol Corporation
  • Afton Chemical
  • AMSOIL INC.

Table Information

Report AttributeDetails
No. of Pages184
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 180.78 Million
Forecasted Market Value ( USD ) by 2028 $ 326.56 Million
Compound Annual Growth Rate10.4%
Regions CoveredGlobal
No. of Companies Mentioned11

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