Market Overview:
The global wind turbine yaw systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the rising concerns about climate change. In addition, government initiatives and subsidies for installing wind turbines are also contributing to the growth of this market. The global wind turbine yaw systems market is segmented on the basis of type, application, and region. On the basis of type, it is divided into active yaw system and passive yaw system. Active yaw systems are more expensive than passive ones but provide better performance as they can adjust quickly to changes in wind direction or speed.
Product Definition:
A wind turbine yaw system is a mechanism used to orient the turbine rotor into the best possible position for capturing the most available wind energy. The importance of wind turbine yaw systems lies in their ability to optimize power generation and increase overall performance of the turbines.
Active Yaw System:
Active Yaw System (AYS) is a device that helps in maintaining the yaw of the turbine through three orthogonal rotating elements. It can be defined as an electrical system or mechanical system which helps to maintain the orientation of wind turbine blades through three orthogonal rotating elements. The main function of AYS is to keep turbines facing into wind with minimal pitch oscillation and this minimizes wear & tear on critical components such as generator, gearbox, and others.
Passive Yaw System:
The passive yaw system is a device that helps in maintaining the direction of wind turbine blades through the effect of Coriolis force. It uses magnets to create an electrical current within the wind, which creates a magnetic field around it and guides its way.
It’s used in all kinds of wind turbines including offshore as well as onshore ones.
Application Insights:
Onshore was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing onshore wind energy sector across the globe is one of the key factors contributing to this growth. Increasing onshore installations are anticipated to drive demand for wavy blades, which in turn will fuel market growth over the next eight years.
The offshore segment is projected to witness a CAGR of XX% from 2018 to 2030 owingto increasing government support for renewable energy sources such as solar and wind that can be used for power generation purposes along with rising concerns regarding environmental pollution caused due to fossil fuels such as coal and oil, which are harmful towards nature¢â‚¬â„¢s eco-systems.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing offshore wind farms and rising demand for clean energy sources. In addition, technological advancements coupled with government support are also driving the regional market growth. For instance, in 2015, Congress passed a bill that extended tax benefits for wind turbines up to USD X million per project.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to growing awareness regarding wind power generation systems among end users such as residential consumers and industrial establishments along with rapidly developing economies such as China and India.
Growth Factors:
- Increasing demand for wind energy: The global demand for wind energy is increasing due to the growing concerns about climate change and the need to reduce greenhouse gas emissions. According to a recent study by GlobalData, the global installed capacity of wind turbines is expected to reach 892 GW by 2025, up from 539 GW in 2017. This will create opportunities for Wind Turbine Yaw Systems market players.
- Technological advancements: The Wind Turbine Yaw Systems market is witnessing rapid technological advancements, with new products being launched regularly. This is helping vendors expand their product portfolios and cater to the needs of different customer segments.
- Rising awareness about renewable energy: There is a growing awareness among consumers about the benefits of renewable energy sources such as wind power. This is driving investments in renewable energy projects, thereby providing growth opportunities for Wind Turbine Yaw Systems market players.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Yaw Systems Market Research Report
By Type
Active Yaw System, Passive Yaw System
By Application
Onshore, Offshore
By Companies
ABB, KEBA, Beckhoff, Altra Industrial Motion, Liebherr, KEB Automation KG, Hydratech Industries Wind Power, Suzhou Lego Motor, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Yaw Systems Market Report Segments:
The global Wind Turbine Yaw Systems market is segmented on the basis of:
Types
Active Yaw System, Passive Yaw System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- KEBA
- Beckhoff
- Altra Industrial Motion
- Liebherr
- KEB Automation KG
- Hydratech Industries Wind Power
- Suzhou Lego Motor
- ABB
Highlights of The Wind Turbine Yaw Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Yaw System
- Passive Yaw System
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wind Turbine Yaw Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wind turbine yaw systems are used to control the direction of a wind turbine in order to maintain its orientation.
Some of the key players operating in the wind turbine yaw systems market are ABB, KEBA, Beckhoff, Altra Industrial Motion, Liebherr, KEB Automation KG, Hydratech Industries Wind Power, Suzhou Lego Motor, ABB.
The wind turbine yaw systems market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Yaw Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wind Turbine Yaw Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Yaw Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wind Turbine Yaw Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wind Turbine Yaw Systems Market Size & Forecast, 2018-2028
4.5.1 Wind Turbine Yaw Systems Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Yaw Systems Market Absolute $ Opportunity
Chapter 5 Global Wind Turbine Yaw Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wind Turbine Yaw Systems Market Size Forecast by Type
5.2.1 Active Yaw System
5.2.2 Passive Yaw System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wind Turbine Yaw Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wind Turbine Yaw Systems Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Yaw Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wind Turbine Yaw Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wind Turbine Yaw Systems Analysis and Forecast
9.1 Introduction
9.2 North America Wind Turbine Yaw Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wind Turbine Yaw Systems Market Size Forecast by Type
9.6.1 Active Yaw System
9.6.2 Passive Yaw System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wind Turbine Yaw Systems Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wind Turbine Yaw Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Wind Turbine Yaw Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wind Turbine Yaw Systems Market Size Forecast by Type
10.6.1 Active Yaw System
10.6.2 Passive Yaw System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wind Turbine Yaw Systems Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wind Turbine Yaw Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wind Turbine Yaw Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wind Turbine Yaw Systems Market Size Forecast by Type
11.6.1 Active Yaw System
11.6.2 Passive Yaw System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wind Turbine Yaw Systems Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wind Turbine Yaw Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Wind Turbine Yaw Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wind Turbine Yaw Systems Market Size Forecast by Type
12.6.1 Active Yaw System
12.6.2 Passive Yaw System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wind Turbine Yaw Systems Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wind Turbine Yaw Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wind Turbine Yaw Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wind Turbine Yaw Systems Market Size Forecast by Type
13.6.1 Active Yaw System
13.6.2 Passive Yaw System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wind Turbine Yaw Systems Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wind Turbine Yaw Systems Market: Competitive Dashboard
14.2 Global Wind Turbine Yaw Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 KEBA
14.3.3 Beckhoff
14.3.4 Altra Industrial Motion
14.3.5 Liebherr
14.3.6 KEB Automation KG
14.3.7 Hydratech Industries Wind Power
14.3.8 Suzhou Lego Motor
14.3.9 ABB
