Wind Turbine Pitch and Yaw Control System Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.30 Billion |
| Market Size (2029) | USD 1.7 Billion |
| CAGR (2024 - 2029) | 5.51 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Wind Turbine Pitch and Yaw Control System Market Analysis
The Wind Turbine Pitch And Yaw Control System Market size is estimated at USD 1.30 billion in 2024, and is expected to reach USD 1.7 billion by 2029, growing at a CAGR of 5.51% during the forecast period (2024-2029).
- Over the long term, rising investments in wind power projects and supportive government policies and incentives are the major factors expected to drive the wind turbine pitch and yaw control system market during the forecast period.
- On the other hand, the control systems' high costs and high competition from other renewable energy technologies will restrain the market during the forecast period.
- However, hybrid systems integration with improved technological systems and offshore wind energy development will provide ample opportunities to the wind turbine pitch and yaw control system market players during the forecast period.
- Due to greater wind energy infrastructure development activity, Europe is expected to dominate the wind turbine pitch and yaw control system market.
Wind Turbine Pitch and Yaw Control System Market Trends
The Offshore Segment to Dominate the Market
- As the demand for clean, green electricity rises, major companies and countries are adopting renewable energy sources, especially wind energy and offshore wind energy, which can lead to tapping into huge unused potential. Adopting offshore wind energy with advanced technologies attracted many countries and companies with high investments.
- The installation of wind farms in offshore areas is becoming a lucrative market because of the higher wind speed compared to onshore wind speed. In the future, deploying offshore wind energy is at the core of delivering the European Green Deal. Europe has vast offshore sea areas, with some regions supporting speeds of more than 10 miles per hour.
- Offshore wind energy power generation technology evolved over the last five years to maximize the electricity produced per megawatt capacity installed to cover more sites with lower wind speeds. In recent years, wind turbines have become more extensive with broader diameters, larger wind turbine blades, and taller hub heights.
- According to the International Renewable Energy Agency RE Capacity 2024, the offshore wind capacity increased by 10,696 MW in 2023. It reached 72,663 MW, compared to 2022 installed capacity, thus citing a major increase in the offshore wind industry.
- During the forecast period, the offshore capacity is expected to increase due to rising investment in the industry due to factors like government initiatives and high wind energy potential in the offshore segment.
- Countries like Japan plan to install 10GW of offshore wind projects by 2030 and 30-40 GW capacity by 2035 and 2040. Additionally, in July 2024, the American Clean Power Association announced an investment of approximately USD 65 billion by 2030 in the offshore wind energy industry in the United States.
- Thus, with such plans, the offshore segment is expected to dominate the wind turbine pitch and yaw control system market during the forecast period.
Europe to Witness Significant Growth
- Europe is a leader in offshore wind energy and is home to one of the biggest operational wind farms worldwide. The region's offshore and onshore capacity is large enough to meet the electricity needs of major European countries.
- The region has seen the earliest and most expansive research and development in wind turbine components and control systems. A significant number of companies in the wind turbine pitch and yaw control system market are based in Europe.
- According to the International Renewable Energy Agency RE Capacity 2024, wind energy capacity in Europe increased by 16,833 MW in 2023. It reached 257,111 MW compared to the 2022 installed capacity, indicating a significant increase in wind turbine installed capacity and a major boost to the wind turbine pitch and yaw control system market players.
- Favorable government policies have also contributed to the wind energy market and related components, making it the second-largest wind energy market globally. Adopted in 2023, the revised Renewable Energy Directive raised the European Union’s binding renewable energy target for 2030 to a minimum of 42.5%, earlier set at 32% in 2018.
- In September 2023, construction officially commenced at RWE’s Sofia Offshore Wind Farm, a monumental renewable energy project set to contribute significantly to the UK’s net-zero targets. The Sofia Offshore Wind Farm represents an impressive investment of over USD 3.2 billion in the UK’s energy infrastructure by RWE, marking a substantial commitment to renewable energy.
- In January 2024, Total Energies SE, the French Supermajor Energy company, announced its new agreement with European Energy to develop offshore wind projects in three Nordic countries: Sweden, Denmark, and Finland.
- Thus, based on the aforementioned points, Europe will dominate the wind turbine pitch and yaw control system market during the forecast period.
Wind Turbine Pitch and Yaw Control System Industry Overview
The wind turbine pitch and yaw control system market is semi-consolidated. Some major players operating in the market (in no particular order) include Bonfiglioli Transmissions Private Limited, SUZLON Energy Ltd, Nanjing High-Speed Gear Manufacturing Co. Ltd, Dana SAC UK Ltd, and Hine Group.
Wind Turbine Pitch And Yaw Control System Market Leaders
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Bonfiglioli Transmissions Private Limited
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SUZLON Energy Ltd.
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Nanjing High Speed Gear Manufacturing Co., Ltd.
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Dana SAC UK Ltd
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Hine Group
*Disclaimer: Major Players sorted in no particular order
Wind Turbine Pitch And Yaw Control System Market News
- April 2024: A.P. Moller-Maersk and Offshore wind turbine manufacturer Vestas signed an MoU in Jeonnam Province and Mokpo City for supply chain investment in South Korea’s offshore wind energy industry, which includes plans for an offshore wind turbine components manufacturing facility and a logistics base at the Mokpo New Port Hinterland Complex.
- March 2024: Researchers from the University of Birmingham, United Kingdom, announced working on novel ways for transforming wind turbine and power grid stability control systems, including developing patented variable speed wind turbine systems (WTSs), which can be easily integrated into existing wind turbine control systems.
Wind Turbine Pitch And Yaw Control System Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition and
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
2.1 Research Framework
2.2 Secondary Research
2.3 Primary Research
2.4 Data Triangulation and Insight Generation
3. EXECUTIE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Rising Investments in Wind Power Projects
4.5.1.2 Supportive Government Policies and incentives
4.5.2 Restraints
4.5.2.1 High Competition from Other Renewable Energy Technologies
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
4.8 Investment Analysis
5. MARKET SEGMENTATION
5.1 By Yaw Control System
5.1.1 Active
5.1.2 Passive
5.2 By Application
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 South America
5.3.2.1 Brazil
5.3.2.2 Argentina
5.3.2.3 Colombia
5.3.2.4 Rest of South America
5.3.3 Middle East and Africa
5.3.3.1 Saudi Arabia
5.3.3.2 United Arab Emirates
5.3.3.3 Qatar
5.3.3.4 Egypt
5.3.3.5 South Africa
5.3.3.6 Nigeria
5.3.3.7 Rest of Middle East and Africa
5.3.4 Asia-Pacific
5.3.4.1 China
5.3.4.2 India
5.3.4.3 Japan
5.3.4.4 Indonesia
5.3.4.5 Vietnam
5.3.4.6 Thailand
5.3.4.7 Malaysia
5.3.4.8 Rest of Asia-Pacific
5.3.5 Europe
5.3.5.1 United Kingdom
5.3.5.2 Germany
5.3.5.3 France
5.3.5.4 Spain
5.3.5.5 Russia
5.3.5.6 Turkey
5.3.5.7 NORDIC
5.3.5.8 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Market Players
6.3.1.1 Bonfiglioli Transmissions Private Limited
6.3.1.2 SUZLON Energy Ltd
6.3.1.3 Nanjing High-Speed Gear Manufacturing Co.
6.3.1.4 Dana SAC UK Ltd
6.3.1.5 Hine Group
6.3.1.6 OAT GmbH
6.3.1.7 ABM Greiffenberger Gmbh
6.3.1.8 Siemens AG
- *List Not Exhaustive
6.4 Market Ranking Analysis
6.5 List of Other Prominent Companies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Hybrid systems integration with improved technological systems and offshore Wind Energy development
Wind Turbine Pitch and Yaw Control System Industry Segmentation
At present, almost all existing wind turbines use yaw systems and pitch control systems. The yaw drives control the alignment of the nacelle with the wind. This helps the turbines to keep facing the wind when the direction changes. The yaw motors power the yaw drive, which is used to adjust the direction of the wind turbine. The pitch control system continuously changes the angle of attack of the rotor blades, which, in turn, adjusts the angle of the wind turbine blades about the moving wind. This controls the rotor speed and regulates the energy the blades can extract.
The wind turbine pitch and yaw control system market is segmented by type into pitch control systems and yaw control systems. By yaw control systems the market is segmented into active and passive yaw control systems. By application, the market is segmented into offshore and onshore. By geography, the market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
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| Active | |
| Passive |
| By Application | |
| Onshore | |
| Offshore |
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Wind Turbine Pitch And Yaw Control System Market Research FAQs
How big is the Wind Turbine Pitch And Yaw Control System Market?
The Wind Turbine Pitch And Yaw Control System Market size is expected to reach USD 1.30 billion in 2024 and grow at a CAGR of 5.51% to reach USD 1.7 billion by 2029.
What is the current Wind Turbine Pitch And Yaw Control System Market size?
In 2024, the Wind Turbine Pitch And Yaw Control System Market size is expected to reach USD 1.30 billion.
Who are the key players in Wind Turbine Pitch And Yaw Control System Market?
Bonfiglioli Transmissions Private Limited, SUZLON Energy Ltd., Nanjing High Speed Gear Manufacturing Co., Ltd., Dana SAC UK Ltd and Hine Group are the major companies operating in the Wind Turbine Pitch And Yaw Control System Market.
What years does this Wind Turbine Pitch And Yaw Control System Market cover, and what was the market size in 2023?
In 2023, the Wind Turbine Pitch And Yaw Control System Market size was estimated at USD 1.23 billion. The report covers the Wind Turbine Pitch And Yaw Control System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Wind Turbine Pitch And Yaw Control System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Wind Turbine Pitch And Yaw Control System Industry Report
Statistics for the 2024 Wind Turbine Pitch And Yaw Control System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Wind Turbine Pitch And Yaw Control System analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
