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Onshore Wind Turbine Pitch and Yaw Drive Market Analysis

  • Report ID: GMI11616
  • Published Date: Sep 2024
  • Report Format: PDF

Onshore Wind Turbine Pitch and Yaw Drive Market Analysis

Based on pitch system, the electric segment is set to cross more than USD 1.6 billion by 2032, driven by advancements in turbine technology, the need for efficiency, and increased focus on reliability and maintenance. Electric pitch systems are being adopted over traditional hydraulic systems owing to their higher efficiency, lower maintenance requirements, and better control capabilities. They consume less power which improves the overall efficiency of the wind turbine, which is especially beneficial in large onshore wind farms where energy savings across multiple turbines can be significant, contributing to the product demand.
 

Further, the systems have fewer moving parts and do not require the same level of maintenance, eliminating the risk of oil leaks and the associated environmental and operational hazards, making them more reliable in the long term, driving the business scenario.
 

Onshore Wind Turbine Pitch and Yaw Drive Market Share, By Blade Length, 2023

Based on blade length, the large segment is likely to register about 5% CAGR through 2032, owing to higher energy yields, technological advancements, and site-specific factors. Longer blades allow turbines to capture more wind, especially at lower wind speeds, leading to increased energy output. Advances in materials, such as lightweight composites and carbon fiber, have enabled the production of longer blades without significantly increasing weight. In regions with lower wind speeds, larger blades are becoming more common as they allow turbines to operate more efficiently in such conditions.
 

Furthermore, to accommodate longer blades, the height of wind turbine towers is also increasing, which can access higher-altitude wind streams, which are generally stronger and more stable, further boosting the energy generation.
 

Asia Pacific Onshore Wind Turbine Pitch and Yaw Drive Market Size, 2022-2032 (USD Billion)

Asia Pacific Onshore wind turbine pitch and yaw drive market is predicted to hit USD 3.7 billion by 2032, driven by government incentives, expanding renewable energy targets, and advancements in wind technology. Many countries in the Asia Pacific region, such as China, India, and Australia, have set ambitious renewable energy targets to reduce carbon emissions, thereby accelerating the adoption of onshore wind projects, supported by favorable policies and incentives. The region is adopting larger wind turbines with higher power output, contributing to increased efficiency.
 

Moreover, countries are leveraging more advanced wind turbine designs to harness low to medium wind speeds prevalent in many areas. In addition, several countries in the region, are investing in local manufacturing of wind turbine components, including pitch and yaw drives, nacelles, and blades to reduce costs and improve supply chain efficiency, augmenting the industry landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for global onshore wind turbine pitch and yaw drive is anticipated to grow at a CAGR of 5.9% from 2024 to 2032 and is predicted to hit USD 8.5 billion by 2032, due to the ongoing advancements in turbine technologies.

The electric segment in the onshore wind turbine pitch and yaw drive market is expected to surpass USD 1.6 billion by 2032, driven by advancements in turbine technology, the need for efficiency, and an increased focus on reliability and maintenance.

The large segment based on blade length is likely to register a CAGR of about 5% through 2032 on account of higher energy yields, technological advancements, and site-specific factors.

The Asia Pacific market for onshore wind turbine pitch and yaw drive is set to reach USD 3.7 billion by 2032, driven by government incentives, expanding renewable energy targets, and advancements in wind technology.

Major key players in the onshore wind turbine pitch and yaw drive market 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

Onshore Wind Turbine Pitch and Yaw Drive Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 30
  • Countries covered: 29
  • Pages: 80
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