Live Webinar: Outlook for Wind Turbine Lubricant Demand in the Current Economic Environment

Wind energy has grown rapidly since 2000, however, as the industry is expected to become more mature, governments are phasing out monetary incentives and emphasize on supporting legislation like renewable energy targets, grid priority, land allocations.
Global lubricant demand in the wind energy industry has grown in line with growth in the total installed wind energy capacity. Global wind energy installed capacity grew at a CAGR of 16.6% between 2008 and 2019. During the same period, global lubricant consumption grew at a CAGR of 13%.

Between 2008 and 2019, the share of initial fill has declined from 44% to around 30% of the total. Furthermore, OEMs are experiencing tough market conditions due to the phase-out of subsidies and the industry is facing other challenges.

Join our webinar to learn about the market for lubricants used in the wind energy industry in terms of:

• Overall demand, globally and by region
• Product types, growth, market challenges, and opportunities
• Government policies, market trends, and demand drivers influencing the market
• OEMs’ and wind farm operators’ requirements with respect to product performance
• Forecasts under different scenarios through 2024

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