Wind Turbine Pitch Systems Market Size was valued at USD 1.5 Billion in 2022. The Wind Turbine Pitch Systems market industry is foreseen to grow from USD 1.54 Billion in 2023 to USD 1.96 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 3.03% during the forecast period (2023 - 2032). Increased innovations in the components and increased demand for sustainable energy generation, and rising demand for power supply are the key market drivers enhancing the growth of market.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Market CAGR for wind turbine pitch systems is being driven by the growing requirement for sustainable energy generation. The rising requirement for sustainable electricity generation to minimize the emissions of harmful gases. The government is taking the initiative to invest in offshore wind-generating energy. The worldwide energy requirement for power has caused a pressing need to explore renewable sources of energy. Wind energy is expected to have the best possible potential among all the energy sources and emerge as a dependable energy alternative in the coming year.
The primary energy source is the wind, which is utilized by wind energy, as suggested by the name. The energy is obtained by converting kinetic energy with the use of wind turbines. The rotation of the turbine motor is assisted by the wind, in which the complete process is assisted by the controllers, like pitch control and yaw control. The direction of the turbine blades depends on the pitch control system, and the yaw control ensures that the turbine blades are facing directly into the wind. This inclination towards renewable sources over thermal and gas-based power generation is because of warming and environmental concerns. The increasing demand for the power supply and the rising cost of electricity are fueling the growth of the wind turbine pitch control market as it is utilized to attain maximum power output.
Advancements, like fixed RPM and various ranges of speed turbines, and ideal control strategy pitch controls are the main developments and current trends in the market. The small-scale and medium-scale markets of wind turbine systems use wind turbine pitch controls. The technological advancement has helped the market players to extend wind project lifespan while the operational costs are kept lower. The blades' advancement has helped enhance their ability to handle the stress of high-altitude wind and tall towers. Remote monitoring is becoming popular for improving turbine performance.
The market players are emphasizing maximizing annual energy production (AEP). The automated systems are made popular for dependable control and monitoring for a various of power generation sectors. The market players are increasing the research and development to launch systems with usable and open control platforms and tangible troubleshooting capacities to meet the need of the operators. Thus, driving the Wind Turbine Pitch Systems market revenue.
The Wind Turbine Pitch Systems market segmentation, based on product type, includes Pitch Motors, Pitch Valves, Pitch Pumps, Remote Terminal Software, and Others. The pitch valve segment dominated the market, accounting for the largest market revenue. This is because of the rising installations of wind equipment. Furthermore, the remote terminal software segment is anticipated to grow at the rapid rate during the forecast period as they are of low cost and have high-efficiency of software.Â
The Wind Turbine Pitch Systems market segmentation, based on application, includes Onshore and Offshore. The onshore segment had the largest market share. However, the offshore segment is expected to grow at the rapid rate throughout the forecast period. The onshore is more popular, as the rapid urbanization and cost-effective option it requires less maintenance, installation, and material prices are fueling the segment's growth in the market.
Figure 1: Wind Turbine Pitch Systems Market, by Application, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific Wind Turbine Pitch Systems market dominates this market because of the growing adoption of onshore wind equipment in the region. The market of Asia Pacific is predicted to rise at the fastest rate because of the various government initiatives to increase the adoption of wind energy.
Further, the main countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, South Korea, Japan, India, Australia, and Brazil.
Figure 2: Wind Turbine Pitch Systems Market Share By Region 2022 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Europe's Wind Turbine Pitch Systems market accounts for the second-largest market share because of the increase in consumption of electricity and development in the wind farm sector. Further, the German Wind Turbine Pitch Systems market held the highest share of market, and the UK Wind Turbine Pitch Systems market was the fastest-growing market in the European region.
The North American Wind Turbine Pitch Systems Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the growing requirement for electricity and government assistance schemes for renewable energy targets & mandates. Moreover, the US’s Wind Turbine Pitch Systems market held the largest share of market, and the Canadian Wind Turbine Pitch Systems market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to spread their product lines, which will help the Wind Turbine Pitch Systems market grow even more. Market participants are also undertaking a various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Wind Turbine Pitch Systems industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Wind Turbine Pitch Systems industry to benefit clients and increase the market sector. In recent years, the Wind Turbine Pitch Systems industry has offered some of the most significant advantages to the power industry. Main players in the Wind Turbine Pitch Systems market, including KEB Automation, Dongfang Electronic Corporation, KK Wind Solutions, Siemens Gamesa Renewable Energy, S.A., General Electric, Vestas, Windurance, Eaton, Bosch Rexroth AG, Fritz Schur Energy, Hydratech Industries, KEBA, Nidec Industrial Solutions, and others, are attempting to increase market demand by investing in research and development operations.
KK Wind Solutions is a leading partner in electro-mechanical systems that emphasizes Greentech company with more than four decades of experience in electrical systems of wind turbines. Their onshore and offshore solutions range from the development of state-of-art and lean manufacturing to installation, operations, and maintenance that are cost-effective. In June 2018, the KK Wind Solutions and Vestas successfully completed the APQP4Wind project; it was the first project that utilized the new common standards in the wind industry. The project was initiated with an APQ4PWind kick-off meeting with the consumers to line up expectations and quality standards. Vestas has been utilizing the APQP$Wind project model in Vestas-specific UPS panel development projects with the use of KK Wind Solutions as a partnering systems supplier.
Dongfang Electronics Corporation (DFE) is a high-tech business group combining research and development, technical services, production and operation,and system integration. It is the leading supplier of energy management system solutions in China and the main hi-tech company. In July 2020, this famous enterprise announced the operation of a 10MW Wind Turbine that is predicted to grow the market share of the company during the forecast period. Further, in 2021, the largely populated organization Siemens Gamesa Renewable Energy, S.A., added to its turbine by manufacturing more competitive power output.
February 2021:Â The popular market player, KEB, Automation, got a high demand for its drive controllers, brakes, and motors for onshore as well as offshore wind turbines. However, the increasing demand for low-cost off-grid electricity generation is expected to experience growth in the market.
January 2021:Â KEBA plans to expand the additional location at the technologiering in the municipalities. The aim of KEBa is to give employment to more people, which will contribute to the stability of the company.
February 2021: Hydroxycut's newest creation, CUT Energy, a delectable clean energy drink, was released. This powerful mix was carefully formulated for regular energy drink consumers, exercise enthusiasts, and dieters looking to lose weight.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.5 Billion |
| Market Size 2023 | USD 1.54 Billion |
| Market Size 2032 | USD 1.96 Billion |
| Compound Annual Growth Rate (CAGR) | 3.03% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | KEB Automation, Dongfang Electronic Corporation, KK Wind Solutions, Siemens Gamesa Renewable Energy, S.A., General Electric, Vestas, Windurance, Eaton, Bosch Rexroth AG, Fritz Schur Energy, Hydratech Industries, KEBA, Nidec Industrial Solutions  |
| Key Market Opportunities | Growing demand for electricity generation from wind energy |
| Key Market Dynamics | Increasing government initiatives to adopt offshore wind for electricity generation |
Wind Turbine Pitch Systems Market Highlights:
Frequently Asked Questions (FAQ) :
The Wind Turbine Pitch Systems market size valued at USD 1.5 Billion in 2022.
The market is foreseen to grow at a CAGR of 3.03% during the forecast period, 2023-2032.
Asia Pacific had largest share of the market
The key players in the market are KEB Automation, Dongfang Electronic Corporation, KK Wind Solutions, Siemens Gamesa Renewable Energy, S.A., General Electric, Vestas, Windurance, Eaton, Bosch Rexroth AG, Fritz Schur Energy, Hydratech Industries, KEBA, Nidec Industrial Solutions.
The pitch valves category dominated the market in 2022.
The onshore had the largest share in the market.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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