Market Overview:
The global wind turbine pitch 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 awareness about climate change and its effects. In addition, government initiatives and subsidies for installing wind turbines are also contributing to the growth of this market. The global wind turbine pitch systems market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hydraulic pitch system and electrical pitch system. The hydraulic pitch system segment dominates this market owing to its low cost as compared to electrical pitch system and easy installation process. However, with technological advancements being made in electrical components such as motors, generators, inverters etc.
Product Definition:
A pitch system is a mechanism on a wind turbine that adjusts the pitch of the blades to control the amount of power produced. The importance of pitch systems is that they allow wind turbines to adjust their blade angles to capture more or less wind depending on conditions, which helps maximize energy production and extend the life of the turbine.
Hydraulic Pitch System:
Hydraulic pitch systems are used in wind turbine pitch systems to provide a means of changing the shape of the blades. The system is made up of hydraulic fluids, which allow it to change its shape and also provides flexibility to move around various components. It helps in providing better aerodynamics for energy capture and also aids in improving efficiency by reducing friction caused due to changes in airspeed.
The global market for hydraulic pitch systems was valued at USD 557 million in 2016.
Electrical Pitch System:
Electrical pitch system is used in wind turbine pitch systems to convert the rotational speed of the main shaft into electrical energy. The system comprises of gearbox, generator, transformer and power converter. Electrical pitch systems are widely used for small hydro plants as well as large hydropower projects owing to its simple design and low cost compared to hydraulic turbines.
Application Insights:
Onshore application dominated the global wind turbine pitch systems market, accounting for over 75% of the revenue share in 2017. The segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to factors such as favorable government policies and subsidies that are encouraging investments by domestic manufacturers in onshore projects across Europe and Asia Pacific regions.
The offshore application segment is projected register a notable CAGR during the forecast period owing to increasing demand from countries such as China, Japan, South Korea, Taiwan and Australia among others who are focusing on developing their offshore energy resources due to growing concerns regarding climate change. These nations have set various targets for installing turbines at sea which will help them meet their energy needs while also generating extra revenues that can be invested back into research & development activities for even larger turbines capable of powering multiple cities from single installations located deeper waters.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to increasing wind farm projects in China, Japan, South Korea, Indonesia, Malaysia and India. In addition, favorable government policies such as Renewable Portfolio Standards (RPS) and feed-in tariffs are also driving the regional market growth. For instance; Feed-In Tariff Policy in Spain encourages renewable energy producers to invest in new installations by offering a premium over & above conventional electricity rates.
North America held a significant share of global wind turbine pitch systems market due to growing offshore projects mainly off the U.S., Canada & Mexico coastlines along with other regions such as Middle East Africa (MEA).
Growth Factors:
- Increasing demand for wind energy due to its environmental benefits over other forms of energy generation
- Government initiatives and subsidies for installation of wind turbines to promote renewable energy sources
- Technological advancements in wind turbine pitch systems that improve performance and efficiency
- Rising prices of traditional forms of energy such as oil, gas, and coal
- Growing awareness about the benefits of using renewable sources of energy such as wind power
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Pitch Systems Market Research Report
By Type
Hydraulic Pitch System, Electrical Pitch System
By Application
Offshore, Onshore
By Companies
Vestas, Siemens, Enercon, Gamesa, MOOG, SSB, Mita-Teknik, Parker hannifin, Bosch Rexroth, Atech, DEIF Wind Power, MLS, OAT, AVN, DHI•DCW, Beijing Techwin, Huadian Tianren, REnergy Electric, DONGFENG Electric, Corona, Ree-electric/Reenergy, Chongqing KK-Qianwei, Chengdu Forward, Lianyungang Jariec
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Pitch Systems Market Report Segments:
The global Wind Turbine Pitch Systems market is segmented on the basis of:
Types
Hydraulic Pitch System, Electrical Pitch 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
Offshore, Onshore
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:
- Vestas
- Siemens
- Enercon
- Gamesa
- MOOG
- SSB
- Mita-Teknik
- Parker hannifin
- Bosch Rexroth
- Atech
- DEIF Wind Power
- MLS
- OAT
- AVN
- DHI•DCW
- Beijing Techwin
- Huadian Tianren
- REnergy Electric
- DONGFENG Electric
- Corona
- Ree-electric/Reenergy
- Chongqing KK-Qianwei
- Chengdu Forward
- Lianyungang Jariec
Highlights of The Wind Turbine Pitch 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:
- Hydraulic Pitch System
- Electrical Pitch System
- By Application:
- Offshore
- Onshore
- 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 Pitch 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.
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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 pitch systems are the angle of the blades on a wind turbine.
Some of the major companies in the wind turbine pitch systems market are Vestas, Siemens, Enercon, Gamesa, MOOG, SSB, Mita-Teknik, Parker hannifin, Bosch Rexroth, Atech, DEIF Wind Power, MLS, OAT, AVN, DHI¢â‚¬Â¢DCW, Beijing Techwin, Huadian Tianren, REnergy Electric, DONGFENG Electric, Corona, Ree-electric/Reenergy, Chongqing KK-Qianwei, Chengdu Forward, Lianyungang Jariec.
The wind turbine pitch systems market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Turbine Pitch Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wind Turbine Pitch Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wind Turbine Pitch Systems Market - Supply Chain
4.5. Global Wind Turbine Pitch Systems Market Forecast
4.5.1. Wind Turbine Pitch Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wind Turbine Pitch Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wind Turbine Pitch Systems Market Absolute $ Opportunity
5. Global Wind Turbine Pitch Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wind Turbine Pitch Systems Market Size and Volume Forecast by Type
5.3.1. Hydraulic Pitch System
5.3.2. Electrical Pitch System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wind Turbine Pitch Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wind Turbine Pitch Systems Market Size and Volume Forecast by Application
6.3.1. Offshore
6.3.2. Onshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wind Turbine Pitch Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wind Turbine Pitch Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wind Turbine Pitch Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wind Turbine Pitch Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wind Turbine Pitch Systems Demand Share Forecast, 2019-2026
9. North America Wind Turbine Pitch Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wind Turbine Pitch Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wind Turbine Pitch Systems Market Size and Volume Forecast by Application
9.4.1. Offshore
9.4.2. Onshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wind Turbine Pitch Systems Market Size and Volume Forecast by Type
9.7.1. Hydraulic Pitch System
9.7.2. Electrical Pitch System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wind Turbine Pitch Systems Demand Share Forecast, 2019-2026
10. Latin America Wind Turbine Pitch Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wind Turbine Pitch Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wind Turbine Pitch Systems Market Size and Volume Forecast by Application
10.4.1. Offshore
10.4.2. Onshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wind Turbine Pitch Systems Market Size and Volume Forecast by Type
10.7.1. Hydraulic Pitch System
10.7.2. Electrical Pitch System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wind Turbine Pitch Systems Demand Share Forecast, 2019-2026
11. Europe Wind Turbine Pitch Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wind Turbine Pitch Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wind Turbine Pitch Systems Market Size and Volume Forecast by Application
11.4.1. Offshore
11.4.2. Onshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wind Turbine Pitch Systems Market Size and Volume Forecast by Type
11.7.1. Hydraulic Pitch System
11.7.2. Electrical Pitch System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wind Turbine Pitch Systems Demand Share, 2019-2026
12. Asia Pacific Wind Turbine Pitch Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wind Turbine Pitch Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wind Turbine Pitch Systems Market Size and Volume Forecast by Application
12.4.1. Offshore
12.4.2. Onshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wind Turbine Pitch Systems Market Size and Volume Forecast by Type
12.7.1. Hydraulic Pitch System
12.7.2. Electrical Pitch System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wind Turbine Pitch Systems Demand Share, 2019-2026
13. Middle East & Africa Wind Turbine Pitch Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wind Turbine Pitch Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wind Turbine Pitch Systems Market Size and Volume Forecast by Application
13.4.1. Offshore
13.4.2. Onshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wind Turbine Pitch Systems Market Size and Volume Forecast by Type
13.7.1. Hydraulic Pitch System
13.7.2. Electrical Pitch System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wind Turbine Pitch Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wind Turbine Pitch Systems Market: Market Share Analysis
14.2. Wind Turbine Pitch Systems Distributors and Customers
14.3. Wind Turbine Pitch Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vestas
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Enercon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Gamesa
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MOOG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SSB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mita-Teknik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Parker hannifin
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bosch Rexroth
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Atech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DEIF Wind Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MLS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. OAT
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. AVN
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. DHIDCW
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beijing Techwin
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Huadian Tianren
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. REnergy Electric
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. DONGFENG Electric
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Corona
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook