Wind Turbine Pitch and Yaw Drive Market Analysis

End use (Onshore, Offshore)

The onshore segment is likely to account for wind turbine pitch and yaw drive market share of around 65.4% by 2037. The segment’s growth is attributed to onshore wind farms continuing to remain a primary source of renewable energy across many regions. Increasing onshore wind projects drive demands for efficient pitch and yaw drive systems to maintain consistent power generation. The relatively lower cost and ease of installation of onshore turbines compared to offshore turbines drive increasing adoption and benefit the growth of the sector. Additionally, emerging economies are investing in expanding their onshore wind energy capacity to increase renewable energy generation creating a steady demand for pitch and yaw drive systems. For instance, in September 2024, GE Vernova announced the signing of multiple wind agreements in Spain during the second quarter of 2024.

The offshore segment of the global wind turbine pitch and yaw drive segment is poised to increase its revenue share during the forecast period. The segment’s growth is attributed to rising offshore wind projects. The segment is poised to grow in countries that have limited onshore space but abundant coastal wind resources such as China, the U.S., Italy, Turkey, etc. For instance, in November 2024, the World Bank and the Ministry of Energy and Natural Resources of Turkey launched a new wind energy roadmap that plans to target 5 GW of offshore wind energy power by 2035. Offshore wind turbines are susceptible to stronger winds that allow them to produce higher energy outputs, and also drive demands for robust pitch and yaw drive systems that can withstand saltwater corrosion and high winds. Additionally, favorable regulatory policies incentivizing investments in offshore wind energy are positioned to assist the continued growth of the segment. For instance, the offshore wind policy of the government of Japan provides GX Economic Transition Bonds for ten years on wind energy investments worth USD 153.8 billion.

Type (>3000 W, <1000 W – 3000 W, 1000 W)

By type, the >3000 W segment is poised to increase its revenue share in the global wind turbine pitch and yaw drive market. The segment’s growth is attributed to the deployment of large and powerful wind turbines in wind energy projects to maximize output. >3000 W segment is experiencing growing adoption in both onshore and offshore wind farms to improve efficiency and output. Additionally, advancements in pitch and yaw drive systems benefit the segment’s growth by integrating with larger wind turbines that offer improved durability. The rising energy demands globally are poised to increase the demand for pitch and yaw drive systems in this segment. For instance, in July 2024, Hydro-Quebec signed a partnership with two indigenous communities in Canada to develop 3000 MW of wind power capacity.

Our in-depth analysis of the wind turbine pitch and yaw drive market includes the following segments: