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Wind Turbine Pitch and Yaw Drive Market Trends

Report ID: GMI10621
Published Date: Aug 2024
Report Format: PDF

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Wind Turbine Pitch and Yaw Drive Market Trends

Many countries have introduced favorable regulatory frameworks, subsidies, tax breaks, and grants to encourage the development and deployment of renewable energy projects. These incentives make it economically viable for developers to invest in advanced wind turbine technologies, including pitch and yaw drives, thereby accelerating the market growth. Further, these systems enable the wind turbines to operate efficiently and safely, contributing significantly to the reliability and economic viability of the wind energy projects.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of wind turbine pitch and yaw drive was worth over USD 5.4 billion in 2023 and is anticipated to record a CAGR of 7.4% through 2032, backed by shifting focus towards renewable energy sources, along with ambitious targets to combat the climate change and reduce reliance on fossil fuels.

Onshore end-use segment is set to grow more than USD 8.5 billion by 2032, driven by limited installation and maintenance costs compared to offshore projects.

Europe wind turbine pitch and yaw drive market is anticipated to be valued more than USD 3.5 billion by 2032, owing to increasing offshore wind energy projects across the region, particularly in the North Sea, Baltic Sea, and the Atlantic Ocean.

Bonfiglioli S.p.A, Dana SAC UK, Comer Industries, KEBA, Liebherr, Nabtesco Corporation, Nanjing High Speed Gear Manufacturing Co., Ltd., Nidec Conversion, and SIPCO