Home > Energy & Power > Electrical Equipment > Turbines > Offshore Wind Turbine Pitch and Yaw Drive Market

Offshore Wind Turbine Pitch and Yaw Drive Market Share

Report ID: GMI12054
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Offshore Wind Turbine Pitch and Yaw Drive Market Share

Offshore Wind Turbine Pitch and Yaw Drive Company Market Share

The competitive landscape of the offshore wind turbine pitch and yaw drive system industry is shaped by the rapid expansion of offshore wind installations globally. This sector is highly competitive, driven by the need for advanced, durable, and efficient systems that can withstand harsh marine environments and ensure reliable operation of increasingly large turbines. Competitors are heavily investing in smart, digitalized solutions for pitch and yaw systems that allow for real-time performance monitoring and predictive maintenance. Companies that offer systems with enhanced durability and longevity are gaining a competitive edge, particularly as offshore projects continue to move into deeper waters with harsher conditions.

Offshore Wind Turbine Pitch and Yaw Drive Market Companies

Eminent players operating in the offshore wind turbine pitch and yaw drive industry are:

ABM Greiffenberger
Bosch Rexroth AG
Bonfiglioli S.p.A
Dana SAC UK
Comer Industries
KEBA
Liebherr
Nabtesco Corporation
Nanjing High Speed Gear Manufacturing Co., Ltd
Nidec Conversion
SIPCO–MLS
Schaeffler Group
ZOLLERN GmbH & Co.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for offshore wind turbine pitch and yaw drive was reached USD 592.5 million in 2023 and is anticipated to grow at a CAGR of 15.8% from 2024 to 2032, propped by technological advancements and increasing adoption of offshore wind energy.

The hydraulic pitch system segment is projected to exceed USD 1.79 billion by 2032, due to its high torque capabilities, durability, and resistance to harsh environmental conditions.

The large blade length segment is expected to grow at a CAGR of 15.5% through 2032, owing to higher energy yields and technological advancements in composite materials and aerodynamic designs.

The Europe offshore wind turbine pitch and yaw drive market is predicted to reach USD 1.12 billion by 2032, driven by technological advancements, favorable policies, and rising adoption of digitalized systems with real-time monitoring.

Key players in the industry include ABM Greiffenberger, Bosch Rexroth AG, Bonfiglioli S.p.A, Dana SAC UK, Comer Industries, KEBA, Liebherr, Nabtesco Corporation, Nanjing High Speed Gear Manufacturing Co., Ltd, Nidec Conversion, SIPCO–MLS, Schaeffler Group, and ZOLLERN GmbH & Co.