PUBLISHER: TechNavio | PRODUCT CODE: 1559316
PUBLISHER: TechNavio | PRODUCT CODE: 1559316
Wind Turbine Pitch System Market 2024-2028
The wind turbine pitch system market is forecasted to grow by USD 233.9 mn during 2023-2028, accelerating at a CAGR of 2.08% during the forecast period. The report on the wind turbine pitch system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by awareness about the usage of renewable energy, increase in demand for power supply, and rising investments in clean sources of energy.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.04% |
CAGR | 2.08% |
Incremental Value | $233.9 mn |
Technavio's wind turbine pitch system market is segmented as below:
By Application
By Geographical Landscape
This study identifies the consistently declining cost of wind power as one of the prime reasons driving the wind turbine pitch system market growth during the next few years. Also, popularity of offshore wind farms and growing adoption of nacelle-mounted LiDAR systems will lead to sizable demand in the market.
The report on the wind turbine pitch system market covers the following areas:
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine pitch system market vendors that include ABB Ltd., ATECH Antriebstechnik GmbH, Bonfiglioli Riduttori Spa, Bosch Rexroth AG, Shandong Qingneng Power Co. Ltd., Dalian Huarui Heavy Industry Group Co. Ltd., DEIF AS, ENERCON GmbH, General Electric Co., Hydratech Industries, KEBA Group AG, Mita-Teknik, Moog Inc., Nidec ASI SpA, OAT GmbH, Parker Hannifin Corp., RENergy Electric Tianjin Ltd., Siemens AG, and Vestas Wind Systems AS. Also, the wind turbine pitch system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The companies presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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