The wind turbine pitch system is one of the major parts of the overall wind turbine components. The pitch system predominantly adjusts the angle of the wind turbine’s blades as per the wind direction and flow and controls the rotor speed. Increasing demand for a clean energy source as it helps in eliminating greenhouse gases, reducing dependence on imported fuels, and diversifying the energy supply are acting as the major drivers for wind energy, which, in a way, is boosting the market growth of wind turbine pitch systems globally. The increasing government investments in the construction of wind farms globally is one of the major market trends boosting the growth of the wind turbine pitch system market.
The booming development in the renewable energy sector in terms of rising demand for electricity, growing urbanization, and increasing industrialization is also propelling the development of the wind turbine pitch system market from 2022 to 2030. Mitigating carbon emissions and attaining net zero carbon emission targets in various countries has improved the application of wind turbine pitch systems in land-based and offshore wind plants. The increasing funding and government initiatives toward boosting the share of renewable energy in the overall power mix contribute to the growing wind turbine pitch system market size. The market is likely to surge by 2030 owing to the increasing number of offshore and floating wind technologies.
Geographically, the scope of the wind turbine pitch market report is primarily divided into North America (the US, Canada, and Mexico), Europe (France, Italy, Germany, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, India, China, Japan, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, Egypt, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In terms of revenue, Asia Pacific, Europe, and North America dominate the wind turbine pitch system market, followed by South & Central America and the Middle East & Africa. Growing population, urbanization, rapid industrialization, and rising inclination toward renewable energy sources are boosting the demand for wind turbine pitch systems in countries such as China, India, the US, Germany, France, Brazil, and South Africa. Technological advancement in terms of turbine components and the growing number of wind projects are the major factors boosting the demand for wind turbine pitch systems in South & Central America. The rising focus on energy security has propelled the growth of wind energy, facilitating the expansion of wind turbine pitch systems in the Middle East & Africa market. New product launches and the need for advanced wind turbine components are expected to benefit the wind turbine pitch system market in the coming years.
Increased Energy Consumption and Trends of Clean Energy Boost Wind Turbine Pitch System Market
Global energy demand is increasing every day, resulting in an energy crisis and contamination of the environment due to carbon emissions. Energy derived from fossil fuels is unsustainable due to the environmental impact. As a result, the trends of sustainable and clean energy production increased in the last few years. Many developed countries, such as the US, Germany, and China, took initiatives to solve the energy crisis issues, resulting in the development of the wind turbine industry, which is acting as the major driving factor for the wind turbine pitch system market. Factors such as growing population, urbanization, industrialization, increased preferences for clean energy, and the growing number of onshore and offshore wind energy projects ultimately drive the wind turbine pitch system market growth.
Wind Turbine Pitch System Market Analysis: Type Overview
Wind Turbine Pitch System Market Analysis: Plant Capacity Overview
Based on plant capacity, the global wind turbine pitch system market is categorized into Less than 10 MW and Above 10 MW. The Above 10 MW segment accounted for 98.8% of the overall wind turbine pitch system market share in 2022 and is expected to maintain its dominance from 2022 to 2030. Factors such as increasing focus on promoting renewable energy sources to reduce greenhouse emissions and rising demand for clean energy are the major market trends for the wind turbine pitch system market. For instance, in 2023, the Indian Ministry of New and Renewable Energy announced a new auction process for wind power generation plants. Under a new auction mechanism, the government will invite bids for 8 GW wind power projects per year from 2023 to 2030 to boost the renewable energy sector. At the United Nations Biodiversity Conference 2023, the Chinese Government announced plans to build 400 GW of wind and solar energy plants. Furthermore, in 2023, the UAE opened its first commercial 104 MW wind project. Such government initiatives and investments drive the wind energy industry, thereby fueling the wind turbine pitch system market.
Wind Turbine Pitch System Market Analysis: Deployment Type Overview
In terms of deployment type, the global wind turbine pitch system market is categorized into onshore and offshore. The onshore segment accounted for 79.9% of the overall wind turbine pitch system market share in 2022 and is expected to maintain its dominance from 2022 to 2030. Factors such as lower gaseous emissions and low maintenance costs compared to offshore farms are anticipated to propel the growth of onshore wind deployment over the forecast period. Furthermore, onshore wind farms can be assembled in months, allowing wind farm owners to generate revenue as soon as possible. Further, public and private investments in renewable energy, especially in onshore wind, have driven the wind turbine pitch system market.
Wind Turbine Pitch System Market: Competitive Landscape and Key Developments
Siemens Gamesa Renewable Energy S.A, General Electric Company, Emerson, OAT GmbH, Nidec Industrial Solutions, Vestas Wind Systems A/S, Parker Hannifin, Moog Inc., KEBA AG, ABB Ltd., KEB Automation KG are among the key players profiled in the wind turbine pitch system market report. In addition, several other important wind turbine pitch system market participants have been studied and analyzed during the study to get a holistic view of the wind turbine pitch system market and its ecosystem. New product innovation, joint venture in terms of product innovation and geographical expansion are some of the key business strategies followed by the market players. As per company press releases, below are a few recent key developments:
| Year | News | Country |
| 2023 | ABB Motion, which is part of ABB Group, acquired a minority stake in the WindESCo. The WindESCo is a US-based software company that offers solutions for improving wind turbine performances. ABB Motion invests in a strategic partnership with WindESCo to provide a complete wind energy portfolio. | North America |