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Europe Wind Turbine Pitch and Yaw Drive Market Trends

Report ID: GMI11785
Published Date: Oct 2024
Report Format: PDF

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Europe Wind Turbine Pitch and Yaw Drive Market Trends

Continuous technological advancements in drive systems, coupled with innovations in control algorithms, materials, and manufacturing processes, have developed more efficient, reliable, and cost-effective systems, propelling the product demand. These advancements enable the wind turbines to operate optimally in various wind conditions, reduce maintenance requirements, and extend their operational lifespan. Furthermore, wind energy project developers increasingly invest in state-of-the-art pitch and yaw drive systems to maximize their return on investment.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The European market for wind turbine pitch and yaw drives was exceeded USD 1.5 billion in 2023 and is expected to grow at a 11.1% CAGR from 2024 to 2032, attributed to increasing investments in wind power solutions from both private and public sectors.

The onshore segment is expected to surpass USD 2.5 billion by 2032, driven by government renewable energy targets aimed at combating climate change and reducing reliance on fossil fuels.

The 1000 W – 3000 W segment is poised to achieve a CAGR of over 20.5% through 2032. This growth is spurred by its increasing adoption in community energy projects and by small businesses addressing their energy needs.

The Germany wind turbine pitch and yaw drives market is on track to reach USD 600 million by 2032. This performance is bolstered by ambitious renewable energy targets and supportive policies and subsidies promoting wind energy technologies.

Key players in the European wind turbine pitch and yaw drive market include ABM Greiffenberger, Bosch Rexroth AG, Bonfiglioli S.p.A, Comer Industries, Dana SAC UK, KEBA, Liebherr, Nabtesco Corporation, Nidec Conversion, SIPCO–MLS, Schaeffler Group, and ZOLLERN GmbH & Co.