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Global Pitch and Yaw Drive Market Research Report 2023

07-26-2023 12:00 PM CET | Industry, Real Estate & Construction

Press release from: Valuates Reports

The yaw drive is an important component of the horizontal axis wind turbines' yaw system. To ensure the wind turbine is producing the maximal amount of electric energy at all times, the yaw drive is used to keep the rotor facing into the wind as the wind direction changes. A pitch system monitors and controls the angle of attack of the rotor blades and thus controls the speed of the rotor. Furthermore it is the main brake of a wind turbine. The pitch drive is the main part of a pitch system as it takes over the control of it.

The global Pitch and Yaw Drive market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Pitch and Yaw Drive is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Pitch and Yaw Drive is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Pitch and Yaw Drive include Bonfiglioli, Comer Industries, Brevini Power Transmission, NGC Gears, Liebherr, Zollern, Nabtesco, Bosch-Rexroth and ABM Greiffenberger, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

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the pitch and yaw drive market in the wind energy industry has been experiencing significant growth due to the increasing adoption of wind power as a renewable energy source. Pitch and yaw drives are essential components in both onshore and offshore wind turbines, enabling them to harness wind energy efficiently. Here's an overview of the market for pitch and yaw drives in onshore and offshore wind turbines:

Onshore Wind Turbines:

Onshore wind turbines are installed on land and are the more common type of wind turbine globally.
Pitch drives are used in onshore turbines to adjust the angle (pitch) of the blades, allowing them to capture the maximum amount of wind energy at different wind speeds.
Yaw drives are responsible for turning the entire nacelle (housing the rotor and other components) to face the wind direction for optimal energy capture.
Offshore Wind Turbines:

Offshore wind turbines are installed in bodies of water, usually in shallow coastal areas or deeper waters farther from the shore.
Due to the harsher operating conditions at sea, offshore wind turbines require more robust and reliable pitch and yaw drives.
Pitch drives in offshore turbines serve the same purpose as in onshore turbines, adjusting the blade angles.
Yaw drives are even more critical in offshore turbines, as they must withstand harsh marine environments and require precise positioning to capture wind efficiently.
Market Drivers:

The increasing global demand for clean energy sources has been driving the growth of wind power installations, both onshore and offshore.
Technological advancements have led to more efficient and reliable pitch and yaw drive systems, improving the overall performance and reducing maintenance costs.
Governments' supportive policies and incentives for renewable energy deployment have also contributed to the expansion of the wind energy industry.
Market Challenges:

The initial investment cost for wind turbines, including pitch and yaw drive systems, can be significant, which may deter some potential investors.
Offshore wind projects involve additional challenges related to installation, maintenance, and logistics, making them more expensive than onshore projects.
The availability of suitable locations for wind farms, especially offshore, can be limited, hindering the growth of the market in certain regions.

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Key Segmentations
By Company
Bonfiglioli
Comer Industries
Brevini Power Transmission
NGC Gears
Liebherr
Zollern
Nabtesco
Bosch-Rexroth
ABM Greiffenberger
SIPCO
FUCHS Lubricants

Segment by Type
Below 1000 W
1000-3000 W
Above 3000 W

Segment by Application
Onshore Wind Turbines
Offshore Wind Turbines

Production by Region
North America
Europe
China
Japan

SIMILAR REPORTS

https://reports.valuates.com/market-reports/ALLI-Auto-3N388/renewable-energy

https://reports.valuates.com/market-reports/ALLI-Auto-0Y524/offshore-wind-turbine

https://reports.valuates.com/market-reports/QYRE-Auto-10U12251/global-reducer-for-wind-power

Valuates Reports
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Website: https://reports.valuates.com
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Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
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