Wind Turbine Pitch Systems Market Research Report - Global Forecast till 2030

Wind Turbine Pitch Systems Market Research Report Information By Product Type (Pitch Motors, Pitch Valves, Pitch Pumps, Remote Terminal Software and Others), Application (Onshore and Offshore) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/8875-HCR | 111 Pages | Published By Priya Nagrale on April 2023         

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Wind Turbine Pitch Systems Market

Wind Turbine Pitch Systems Market share is projected to reach USD 1738.95 Million by 2030, with 3.03% CAGR during the forecast period.

Segmentation
By Product Type Pitch Motors Pitch Valves Pitch Pumps Remote Terminal Software Others
By Application Onshore Offshore
Key Players
Companies Profiled   Osterholz AntriebsTechnik GmbH    General Electric    Siemens AG    ABB    Global Wind Power Ltd.    Inox Wind Ltd.    Kenersys Group    Pioneer Wincon Pvt. Ltd.    RRB Energy    Enercon GmbH
Drivers
Market Driving Forces   New product launches and R&D Amongst major key Players    Initiatives for adoption of wind energy and demand for electricity generation from alternative energy sources
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Wind Turbine Pitch Systems Market size is projected to reach USD 1738.95 Million by 2030, with 3.03% CAGR during the forecast period.


Wind Turbine Pitch Systems Market Scenario


Wind Turbine pitch control systems help in monitoring the turbine’s pitch regarding external conditions like wind speed, power generation, and generator. For the safety of the wind turbines, the pitch system allows rotors to operate within predetermined speed limitations. As wind energy creates electricity without any harm to the environment, wind energy is said to be clean energy. Wind Turbines convert kinetic energy into electrical energy with the help of aerodynamic force provided by a revolving blade.


These turbines use wind for generating power during the flow across the blade. All wind turbines are designed for survival speed in terms of utilization and design. The electronic system controlled the blades a few degrees by changing the wind speed in a pitch-controlled wind turbine system. This adjustment keeps the rotor blades at an optimal angle and enhances the output at all speeds. Rising demand for sustainable energy generation for reducing harmful gas emissions, rising government regulations to adopt offshore wind for the generation of electricity, growing awareness regarding the benefits of renewable energy, reducing the cost of the wind turbine, and growing demand for power supply are the major factors accelerating the growth of the wind turbine pitch system market.


The major factors driving the growth of the global wind turbine pitch systems market are the growing demand for electricity generation from wind energy and increasing government initiatives to adopt offshore wind for electricity generation. Furthermore, the increasing demand for sustainable electricity generation to reduce the emission of harmful gases is also expected to have a substantial impact on the growth of the global wind turbine pitch systems market during the forecast period. The development of large-scale wind turbines has substantially boosted the installation of offshore wind projects globally.


Wind Turbine Pitch Systems Market Key Players


The key players operating in the global wind turbine pitch systems market are Osterholz AntriebsTechnik GmbH, General Electric, Siemens AG, ABB, Global Wind Power Ltd., Inox Wind Ltd., Kenersys Group, Pioneer Wincon Pvt. Ltd., RRB Energy, and Enercon GmbH.


Recent Developments



  • In July 2020, one of the popular enterprisers, Dongfang Electric Corporation announced their initiation towards their company’s operation of a 10MW Wind Turbine which is predicted to grow the company’s market share in the forecast period. Further, in September 2021, the highly populated organization, Siemens Gamesa Renewable Energy, S.A. upgraded its onshore turbine for producing more competitive power output.

  • In February 2021, a famous industry player, KEB automation experienced high demand for its drive controllers, brakes, and motors for both onshore and offshore wind turbines. Moreover, the growing demand for low-cost off-grid electricity generation is projected to witness significant growth in the wind turbine pitch system market.


Many major players such as General Electric, Siemens AG, ABB, Global Wind Power Ltd., Inox Wind Ltd, and Kenersys Group are actively focusing on R&D to reduce the manufacturing costs of wind equipment to increase the adoption of wind equipment. For instance, in July 2020, Dongfang Electric Corporation announced that the company began started operations of its 10 MW wind turbine. The development is expected to have a substantial impact on the growth of the company’s market share during the forecast period.


Wind Turbine Pitch Systems Market Segmentation


The global wind turbine pitch systems market has been segmented based on product type and application. Based on product type, the global market is divided into pitch motors, pitch valves, pitch pumps, remote terminal software, and others. The pitch motors segment is expected to hold the largest share of the market during the forecast period, owing to the increasing installations of wind equipment. However, the remote terminal software segment is expected to grow at the fastest rate during the forecast period due to the decreasing cost and high efficiency of the software. Based on application, the global market is segmented into onshore and offshore. The onshore segment held the largest market share in 2019, while the offshore segment is expected to grow with the highest CAGR during the forecast period due to the rising demand for offshore wind turbines.


Wind Turbine Pitch Systems Market


Wind turbine pitch systems are used to regulate the turbine according to external conditions such as wind speed, power generation, and generator. The pitch systems also allow the rotors to operate within defined speed limits to ensure the safe operation of the wind turbine.


Wind Turbine Pitch Systems Market Regional Analysis


Based on region, the wind turbine pitch systems market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific holds the largest market share of the wind turbine pitch systems market due to the increasing adoption of onshore wind equipment in the region. Additionally, the wind turbine pitch systems market in Asia-Pacific is expected to grow at the fastest rate during the forecast period, primarily to the numerous government initiatives introduced in the region to increase the adoption of wind energy.


The global wind turbine pitch systems market is expected to witness high growth during the forecast period owing to the increasing demand for low-cost off-grid electricity generation. This is expected to drive the demand for wind turbine pitch systems during the forecast period.


Intended Audience



  • Government and research organization

  • Consulting companies in the renewable energy inverters -market

  • Raw material suppliers

  • Research consultants

  • Investors and shareholders



Report Scope:

Report Attribute/Metric Details
  Market Size      2030: USD 1738.95 Million
  CAGR   3.03% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Osterholz AntriebsTechnik GmbH, General Electric, Siemens AG, ABB, Global Wind Power Ltd., Inox Wind Ltd., Kenersys Group, Pioneer Wincon Pvt. Ltd., RRB Energy, and Enercon GmbH.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Initiatives for adoption of wind energy and demand for electricity generation from alternative energy sources


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Frequently Asked Questions (FAQ) :

global wind turbine pitch systems market size can reach USD 1.56 billion by 2026.

global wind turbine pitch systems market can expand at 3% CAGR from 2020 to 2026.

Initiatives for adoption of wind energy and demand for electricity generation from alternative energy sources are major growth engines of the global market.

Asia Pacific can dominate the global wind turbine pitch systems market.

Inox Wind Ltd., Osterholz AntriebsTechnik GmbH, Global Wind Power Ltd., ABB, RRB Energy, General Electric, Siemens AG, Kenersys Group, Pioneer Wincon Pvt. Ltd., and Enercon GmbH are the key players.