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Press Release

Jan, 04 2024

Optimizing Energy: Exploring the Dynamics and Efficiency of Wind Turbine Pitch System Innovations

The global wind turbine pitch system market refers to the industry dedicated to the development, manufacturing, and implementation of pitch control systems for wind turbines. These systems play a crucial role in regulating the angle of the turbine blades, optimizing their orientation to harness wind energy efficiently. The market encompasses various components, including sensors, controllers, and actuators, designed to enhance the overall performance and reliability of wind turbines. As the renewable energy sector continues to grow, the wind turbine pitch system market is expected to witness further expansion, offering opportunities for innovation and investment in this critical segment of the wind energy ecosystem.

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-wind-turbine-pitch-system-market

Data Bridge Market Research analyses that the Global Wind Turbine Pitch System Market, which was USD 887.69 million in 2022, will reach USD 1,252.75 million by 2030, and is expected to undergo a CAGR of 4.4% during the forecast period of 2023 to 2030. Globally, governments incentivize wind energy projects through supportive policies and subsidies, fostering the demand for advanced pitch systems. These initiatives play a pivotal role in driving the development and installation of wind turbines, contributing to the growth of the wind turbine pitch system market.

Key Findings of the Study  

Wind Turbine Pitch System Market

Expansion of wind energy capacity is expected to drive the market's growth rate

The worldwide effort to boost wind energy capacity, coupled with a desire to diminish reliance on traditional energy, creates an advantageous atmosphere for the wind turbine pitch system market. As nations strive for sustainable power sources, the demand for advanced pitch systems rises. This expansion aligns with global goals to enhance renewable energy, driving innovation and investment in wind energy projects. The wind turbine pitch system market thus thrives in response to the increasing global focus on expanding clean energy capacities.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Pitch Valves, Pitch Pumps, Pitch Motors, Pitch Servo Drives, Remote Terminal Solution, And Others), Function (High Bearing Reliability, Vibration Control and Monitoring, Wind Angle Adjustments, Condition Monitoring System, And Others), Diameter Size (Less Than 80 Mts And More Than 80 Mts), Turbine Power (More Than  3MW, 1MW To 3MW, And Less Than 1MW), Services (Field Services, Engineering Services, Technical Services, Measurements and Data Logging, Aftermarket Services And Others), System Type (Electrical Pitch System And Hydraulic Pitch System), Application (Off-Shore Turbine And On-Shore Turbine)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

Vestas (Denmark), Siemens Gamesa Renewable Energy (Spain), General Electric Renewable Energy (U.S.), Senvion (Germany), Nordex SE (Germany), Goldwind (China), Suzlon Energy (India), Envision Energy (China), Mingyang Smart Energy (China), Enercon (Germany), Acciona Energía (Spain), Mita-Teknik (Denmark), Moog Inc. (U.S.), Atech Antriebstechnik (Germany), Parker Hannifin Corporation (U.S.)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis:

The global wind turbine pitch system market is segmented on the basis of product type, function, diameter size, turbine power, services, system type, and application.

  • On the basis of product type, the global wind turbine pitch system market is segmented into pitch pumps, pitch motors, pitch servo drives, pitch valves, remote terminal software, and others. Pitch pumps are expected to dominate the global wind turbine pitch system market with a 31.5% market share as it has high durability, require low maintenance cost, and have long pump life, which reduces the maintenance cost and encourages more uptime
  • On the basis of function, the global wind turbine pitch system market is segmented into wind angle adjustments, vibration control and monitoring, condition monitoring systems, high bearing reliability, and others. Wind angle adjustments are expected to dominate the global wind turbine pitch system market with a 39.75% market share as it uses the right fraction of the available wind energy to get the most power output ensure the turbine does not exceed its maximum rotational speed
  • On the basis of diameter size, the global wind turbine pitch system market is segmented into less than 80 mts and more than 80 mts. More than 80 mts are expected to dominate the global wind turbine pitch system market with 66.67% market share as bigger blades can help to cover a wider area, which increases the capacity of the turbine
  • On the basis of turbine power, the global wind turbine pitch system market is segmented into more than 3MW, 1MW to 3 MW, and less than 1 MW. More than 3MW is expected to dominate the global wind turbine pitch system market with a 49.28% market share as it provides high yield and uncompromising reliability that will lower the cost of energy and create more efficient turbines
  • On the basis of system type, the global wind turbine pitch system market is segmented into hydraulic pitch system and electrical pitch system. The hydraulic pitch system is expected to dominate the global wind turbine pitch system market with a 58.70% market share, as it is a simple system due to the low number of components. In addition, it is highly integrated because most components are assembled, tested, and integrated into manifolds, and the power unit
  • On the basis of services, the global wind turbine pitch system market is segmented into field services, engineering services, technical services, measurement and data logging, aftermarket services, and others. Field services are expected to dominate the global wind turbine pitch system market with a 26.66% market share as it provides on-site repair and maintenance of the turbine

The field services segment will dominate the services segment of the wind turbine pitch system market during the forecast period of 2023-2030

Field services are expected to dominate the global wind turbine pitch system market with a 26.66% market share as it provides on-site repair and maintenance of the turbine. A growing number of field service activities in the market, especially in the developing economies. Further, the growth and expansion of research development services on a global scale will bolster the growth of this segment.

  • On the basis of application, the global wind turbine pitch system market is segmented into offshore turbine and on-shore turbine. Offshore is expected to dominate the global wind turbine pitch system market with 87.57% market share due to the expansion of the semiconductor industry globally

The offshore turbine segment will dominate the application segment of the wind turbine pitch system market during the forecast period of 2023-2030

The offshore turbine segment is expected to dominate the global wind turbine pitch system market with 87.57% market share. This dominance is fuelled by increased infrastructural development, particularly in developing economies, along with the expansion of the semiconductor industry globally. The surge in offshore turbine installations aligns with growing demand and underscores the pivotal role of wind energy in addressing both infrastructure needs and the evolving semiconductor landscape.

Major Players

Data Bridge Market Research recognizes the following companies as the major global wind turbine pitch system market players in global wind turbine pitch system market are Mingyang Smart Energy (China), Enercon (Germany), Acciona Energía (Spain), Mita-Teknik (Denmark), Moog Inc. (U.S.), Atech Antriebstechnik (Germany), Parker Hannifin Corporation (U.S.)

Wind Turbine Pitch System Market

Market Developments

  • In October 2021, General Electric unveiled its second 107-meter wind turbine blade mold at its Cherbourg facility in France. This advancement allows GE to manufacture offshore wind turbine blades exceeding 100 meters, meeting the demand for longer blades in the market. The blades are intended for use with GE's Haliade-X offshore wind turbine, reinforcing the company's position in addressing offshore wind energy needs
  • In May 2021, GE Renewable Energy secured an 88 MW wind farm contract from BIM Wind JSC, a joint venture of Vietnam BIM Energy and Philippines AC Energy. The agreement encompasses a 15-year full-service operation and maintenance contract. The project is slated for commissioning by the end of the third quarter of 2021, showcasing GE's commitment to advancing renewable energy projects in collaboration with international partners
  • In February 2021, Siemens Gamesa Renewable Energy inked a deal with Gemini Consortium, extending the operation and maintenance service agreement for the 600 MW Gemini offshore wind energy farm in the Dutch North Sea until 2036. The initial 15-year long-term plan (LTP) was prolonged by five years, incorporating various upgrades and new services, enhancing operational control and efficiency for Siemens Gamesa in managing the offshore wind facility
  • In March 2020, ABB announced plans to enhance offshore wind reliability, safety, and security for stable power transmission to the German national grid. ABB is set to support energy transmission from DolWin5 (Epsilon) by providing a comprehensive system encompassing IT infrastructure, OT security, plant-wide condition monitoring, SCADA, and remote access services. This initiative aligns with ABB's commitment to delivering clean and efficient power, contributing to Germany's energy transition goals

Regional Analysis

Geographically, the countries covered in the global wind turbine pitch system market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa

As per Data Bridge Market Research analysis:

North America is the dominant region in the global wind turbine pitch system market during the forecast period 2023-2030

North America dominates the global wind turbine pitch system market particularly the U.S., exhibiting the highest compound annual growth rate (CAGR). This is attributed to robust support from the U.S. government for renewable energy, particularly wind power. Federal and state-level initiatives, including production tax credits, investment incentives, and renewable portfolio standards, foster a conducive market environment. Such policies stimulate demand for wind turbine pitch systems, propelling the region's leadership in the global market.

For more detailed information about the global wind turbine pitch system market report, click here – https://www.databridgemarketresearch.com/reports/global-wind-turbine-pitch-system-market


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