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Global Wind Turbine Pitch System Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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Global Wind Turbine Pitch System Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Wind Turbine Pitch System Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 887.69 USD Million
Diagram Market Size (Forecast Year) USD 1,252.75 USD Million
Diagram CAGR %

Major Markets Players

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Global Wind Turbine Pitch System Market, By 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) - Industry Trends and Forecast to 2030.

Wind Turbine Pitch System Market

Wind Turbine Pitch System Market Analysis and Size

The wind turbine pitch system market is segmented based on product type, function, diameter size, turbine power, services, system type, and application. Offshore turbine dominates the application segment of the global wind turbine pitch system market as offshore wind farms typically experience stronger and more consistent wind speeds compared to onshore locations. The use of pitch systems allows offshore turbines to efficiently harness the higher wind energy potential. By adjusting the blade pitch, the turbine can optimize its power production according to the varying wind speeds and directions, thereby maximizing energy generation.

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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Wind Turbine Pitch System Market Scope and 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.)

Market Opportunities

  • Offshore wind energy
  • Retrofit and upgradation
  • Technological advancements

Market Definition

The global wind turbine pitch system market refers to the market for pitch systems that are specifically designed and used in wind turbines. Wind turbines utilize pitch systems to control the angle or pitch of their rotor blades in order to optimize power generation and maintain operational efficiency. The pitch system allows the blades to adjust their position according to changing wind conditions, such as gusts or variations in wind speed, to ensure the turbine operates within its optimal range.

Global Wind Turbine Pitch System Market Dynamics

Drivers

  • Increasing Wind Energy Capacity

The growing global demand for clean and renewable energy sources has led to the expansion of wind energy capacity. This drives the demand for wind turbine pitch systems as they play a crucial role in maximizing energy production and improving turbine efficiency

  • Favourable Government Policies

Governments worldwide are implementing supportive policies and incentives to promote renewable energy adoption, including wind power. These policies encourage investments in wind energy projects, which in turn drives the demand for pitch systems

Opportunity

  • Offshore Wind Energy

The increasing focus on offshore wind farms presents a significant opportunity for the wind turbine pitch system market. Offshore wind installations often require specialized pitch systems that can withstand harsh marine conditions and optimize power generation in challenging offshore environments

Restrain/Challenge

  • High Initial Investment

The installation and integration of wind turbine pitch systems involve significant upfront costs. The expenses associated with system procurement, installation, and maintenance can act as a restraint, especially for small-scale wind projects or regions with limited financial resources

This global wind turbine pitch system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wind turbine pitch system market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth

Recent Developments

  • In October 2021, General Electric announced the launch of its second 107-meter wind turbine blade mold at its Cherbourg factory in France. The facility will produce the offshore wind turbine blade longer than 100 meters, where GE’s Haliade-X offshore wind turbine will be used. Thus the company will be able to address the demand for offshore wind turbine blades in the market
  • In March 2020, ABB announced that they will be increasing offshore wind reliability, safety, and security to facilitate stable power transmission to the German national grid. The company will enable energy transmission from DolWin5 (Epsilon) by providing a comprehensive system for IT infrastructure, OT security, plant-wide condition monitoring, SCADA, and remote access services. Thus the company will be delivering clean and efficient power for Germany’s energy transition

Global Wind Turbine Pitch System Market Scope

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. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Pitch valves
  • Pitch pumps
  • Pitch motors
  • Pitch servo drives
  • Remote terminal solution
  • Others

Function

  • High bearing reliability
  • Vibration control and monitoring
  • Wind angle adjustments
  • Condition monitoring system
  • Others

Diameter Size

  • Less than 80 mts
  • More than 80 mts

Turbine Power

  • More Than 3MW
  • 1MW to 3MW
  • Less Than 1MW

Services

  • Field services
  • Engineering services
  • Technical services
  • Measurements and data logging
  • Aftermarket services
  • Others

System Type

  • Electrical pitch system
  • Hydraulic pitch system

Application

  • Off-shore turbine
  • On-shore turbine

Global Wind Turbine Pitch System Market Regional Analysis/Insights

The global wind turbine pitch system market is analyzed and market size insights and trends are provided by country, product type, function, diameter size, turbine power, services, system type, and application as referenced above.

The countries covered in the global wind turbine pitch system market report are the 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

The U.S. dominates the market and growing with the highest CAGR because the U.S. government has been supportive of renewable energy development, including wind power. Federal and state-level policies, such as production tax credits, investment incentives, and renewable portfolio standards, have encouraged the growth of the wind energy sector. These policies create a favorable market environment and drive the demand for wind turbine pitch systems.

The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Wind Turbine Pitch System Market Share Analysis

The global wind turbine pitch system market competitive landscape provide details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the global Wind turbine pitch system market.

Some of the major players operating in the global wind turbine pitch system market are

  • 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.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The wind turbine pitch system market size will be worth USD 1,252.75 million by 2030.
The growth rate of the wind turbine pitch system market is 4.4% in the forecast period by 2030.
Increasing wind energy capacity & favourable government policies are the growth drivers of the wind turbine pitch system market.
Product type, function, diameter size, turbine power, services, system type, and application are the factors on which the wind turbine pitch system market research is based.
Major companies in the wind turbine pitch system market are 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.)
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