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Onshore Wind Turbine Pitch and Yaw Drive Market Trends

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

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Onshore Wind Turbine Pitch and Yaw Drive Market Trends

Onshore projects are increasingly using larger turbines with higher capacities, which require more advanced pitch and yaw drives to handle the additional loads and operational complexity. Expansion of wind farms in remote areas, there's a growing emphasis on low-maintenance, high-reliability systems, driving the adoption of more robust pitch and yaw drives with predictive maintenance capabilities, thereby accelerating the market growth. Further, integration of digital solutions such as IoT sensors, data analytics, and automated control systems is becoming common in pitch and yaw drives, improving performance and enabling real-time monitoring.

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–MLS, Schaeffler Group, and ZOLLERN GmbH & Co.