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Offshore Wind Turbine Pitch and Yaw Drive Market Size

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

Offshore Wind Turbine Pitch and Yaw Drive Market Size

The global offshore wind turbine pitch and yaw drive market was valued at USD 592.5 million in 2023 and is anticipated to grow at a CAGR of 15.8% from 2024 to 2032. The pitch drive system in a wind turbine adjusts the blade angles relative to the wind. Its primary functions include maximizing energy capture, protecting the turbine from extreme wind loads, and facilitating braking and shutdown during maintenance or emergencies. The yaw drive system aligns the turbine's rotor with the wind direction. It aims to optimize energy capture, minimize mechanical stress on turbine components, and enhance overall operational efficiency.

 

Offshore Wind Turbine Pitch and Yaw Drive Market

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Manufacturers are focusing on developing more efficient pitch and yaw systems that can withstand harsh offshore conditions. Innovations including improved materials and designs are enhancing reliability, which will augment the business landscape. Ongoing advancements in technology along with increasing investments in offshore wind energy will drive the business scenario. The digitization and automation of pitch and yaw drive systems for offshore wind turbines will significantly enhance performance, reliability, and operational efficiency, thereby augmenting the industry landscape.
 

Increasing push for standardized components across different turbine models, which simplifies maintenance and reduces costs for operators, will propel the product demand. Lower production costs owing to economies of scale, easier repair and maintenance and simplified procurement processes will strengthen the product landscape. Furthermore, industry groups and associations are pushing for standardization in design and component specifications, which can help accelerate the deployment of offshore wind farms.
 

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

Offshore Wind Turbine Pitch and Yaw Drive Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 20
  • Countries covered: 19
  • Pages: 70
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