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Read the 120-page report with TOC on "Wind Turbine Pitch System Market Analysis Report by Application (Onshore and Offshore) and Geography (APAC, North America, Europe, South America, and the Middle East and Africa), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/wind-turbine-pitch-system-market-industry-analysis
Wind Turbine Pitch System Market: Drivers & Challenges
The awareness about the usage of renewable energy is one of the key drivers supporting the wind turbine pitch system market growth. Wind turbines use wind as their primary source of energy and have no negative impact on the environment. Furthermore, most nations have signed international protocols under the United Nations Framework Convention on Climate Change (UNFCCC), which require them to establish sustainable energy mechanisms to aid in reducing greenhouse gas emissions. Thus, such beneficial attributes of renewable energy will drive wind turbine pitch system market growth during the forecast period.
However, the high failure rate of wind turbine components is one of the factors hindering the wind turbine pitch system market growth. A wind turbine is built by integrating various technologies and components, ranging from aeronautics, hydraulics, automation, and others. For instance, the major components used in wind power generation comprise the gearbox, generator, and others that require regular maintenance to ensure safe and efficient operation. The turbine's generator, which converts rotational energy into electrical energy, accounts for about 4% of the total cost of a wind turbine. Any damage to the wind turbine generator will adversely impact the entire operation of the wind turbine. This, in turn, will increase the cost of failure and there thereby limit the market growth.
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Some of the key Wind Turbine Pitch System Players:
The wind turbine pitch system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- ABB Ltd.
- ATECH Antriebstechnik GmbH
- Bonfiglioli Riduttori SpA
- Bosch Rexroth AG
- CHINA FANGDA GROUP Co. Ltd.
- Dalian Huarui Heavy Industry Group Co. Ltd.
- DEIF AS
- ENERCON GmbH
- General Electric Co.
- Hydratech Industries
- KEBA AG
- Mita-Teknik
- Moog Inc.
- Nidec ASI SpA
- OAT GmbH
- Parker Hannifin Corp.
- RENergy Electric Tianjin Ltd.
- Siemens AG
- Vestas Wind Systems AS
Wind Turbine Pitch System Market: Segmentation Analysis
Application Outlook (Revenue, USD mn, 2021-2026)
- Onshore - size and forecast 2021-2026
- Offshore - size and forecast 2021-2026
Geography Outlook (Revenue, USD mn, 2021-2026)
- APAC - size and forecast 2021-2026
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- The Middle East and Africa - size and forecast 2021-2026
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Related Report:
- The renewable energy investment market share is expected to increase by USD 168.43 billion from 2021 to 2026, at a CAGR of 7.59%. Download a free sample now!
Wind Turbine Pitch System Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.28% |
Market growth 2022-2026 |
USD 377.03 million |
Market structure |
Fragmented |
YoY growth (%) |
2.5 |
Performing market contribution |
APAC at 54% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., ATECH Antriebstechnik GmbH, Bonfiglioli Riduttori SpA, Bosch Rexroth AG, CHINA FANGDA GROUP Co. Ltd., Dalian Huarui Heavy Industry Group Co. Ltd., DEIF AS, ENERCON GmbH, General Electric Co., Hydratech Industries, KEBA AG, Mita-Teknik, Moog Inc., Nidec ASI SpA, OAT GmbH, Parker Hannifin Corp., RENergy Electric Tianjin Ltd., Siemens AG, and Vestas Wind Systems AS |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Onshore - Market size and forecast 2021-2026
- Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
- 5.4 Offshore - Market size and forecast 2021-2026
- Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 ABB Ltd.
- Exhibit 89: ABB Ltd. - Overview
- Exhibit 90: ABB Ltd. - Business segments
- Exhibit 91: ABB Ltd. - Key news
- Exhibit 92: ABB Ltd. - Key offerings
- Exhibit 93: ABB Ltd. - Segment focus
- 10.4 ATECH Antriebstechnik GmbH
- Exhibit 94: ATECH Antriebstechnik GmbH - Overview
- Exhibit 95: ATECH Antriebstechnik GmbH - Product / Service
- Exhibit 96: ATECH Antriebstechnik GmbH - Key offerings
- 10.5 DEIF AS
- Exhibit 97: DEIF AS - Overview
- Exhibit 98: DEIF AS - Product / Service
- Exhibit 99: DEIF AS - Key offerings
- 10.6 General Electric Co.
- Exhibit 100: General Electric Co. - Overview
- Exhibit 101: General Electric Co. - Business segments
- Exhibit 102: General Electric Co. - Key news
- Exhibit 103: General Electric Co. - Key offerings
- Exhibit 104: General Electric Co. - Segment focus
- 10.7 Hydratech Industries
- Exhibit 105: Hydratech Industries - Overview
- Exhibit 106: Hydratech Industries - Product / Service
- Exhibit 107: Hydratech Industries - Key offerings
- 10.8 KEBA AG
- Exhibit 108: KEBA AG - Overview
- Exhibit 109: KEBA AG - Product / Service
- Exhibit 110: KEBA AG - Key offerings
- 10.9 Mita-Teknik
- Exhibit 111: Mita-Teknik - Overview
- Exhibit 112: Mita-Teknik - Product / Service
- Exhibit 113: Mita-Teknik - Key offerings
- 10.10 Nidec ASI SpA
- Exhibit 114: Nidec ASI SpA - Overview
- Exhibit 115: Nidec ASI SpA - Product / Service
- Exhibit 116: Nidec ASI SpA - Key offerings
- 10.11 OAT GmbH
- Exhibit 117: OAT GmbH - Overview
- Exhibit 118: OAT GmbH - Product / Service
- Exhibit 119: OAT GmbH - Key offerings
- 10.12 Siemens AG
- Exhibit 120: Siemens AG - Overview
- Exhibit 121: Siemens AG - Business segments
- Exhibit 122: Siemens AG - Key news
- Exhibit 123: Siemens AG - Key offerings
- Exhibit 124: Siemens AG - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 125: Inclusions checklist
- Exhibit 126: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 127: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 128: Research methodology
- Exhibit 129: Validation techniques employed for market sizing
- Exhibit 130: Information sources
- 11.5 List of abbreviations
- Exhibit 131: List of abbreviations
About Technavio
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SOURCE Technavio
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