Wind Turbine Pitch and Yaw Drive Market Share

Europe Market Forecast

By 2037, Europe wind turbine pitch and yaw drive market is predicted to capture over 32.3% revenue share. The market’s growth in Europe is owed to a rise in wind energy output and the region’s commitment to renewable energy targets. The region benefits from a supportive regulatory ecosystem that incentivizes investments in wind energy. For instance, in August 2024, Wind Europe highlighted that the European Union’s wind power package is boosting the supply chain within the region. The package, supported by the European Investment Bank (EIB) has set up a USD 5.3 billion counter guarantee facility to support wind supply investments. The market is positioned to leverage the favorable trends and maintain its growth curve during the forecast period.

Germany is poised to hold a dominant share in the wind turbine pitch and yaw drive market of Europe. The market’s growth is attributed to the large-scale output of wind energy in the country driving demands for pitch and yaw drive systems. For instance, the World Population Review ranks Germany accounting for the third highest wind power capacity globally with 63.33 GW. Additionally, the sector is poised to benefit from the Energiewende policy of the country that is seeking to move Germany to a carbon-neutral energy system by 2045 by relying on renewable energy sources, including wind energy. As the country plans to retire coal power plants and phase out nuclear power, the output demands on wind farms are poised to increase significantly boosting the sector’s growth. Companies are leveraging the surging profit opportunities by expanding their wind portfolio in the country. For instance, in September 2024, ENCAVIS announced the expansion of its wind portfolio in Germany to over 300 MW after acquiring an 18 MW ready-to-build wind farm in Dannhausen.

France is poised to increase its revenue share in the wind turbine pitch and yaw drive market of Europe. The market in France is poised to benefit from the favorable regulatory policies of the European Union supporting investments in wind energy. Additionally, the government of France has committed to increasing the output of offshore wind energy farms which is poised to create opportunities in the market. For instance, in May 2024, Wind Europe highlighted that the country aims to have 18 GW of offshore wind by 2035 and 45 GW by 2050. The country held a floating wind power auction that is positioned to hasten its commercialization. Companies are leveraging the burgeoning opportunities in the domestic market. For instance, in July 2024, RWE announced the securing of 4 onshore wind projects at the bidding round conducted by the French CRE (Commission for the Regulation of Energy). These projects are poised to boost demands for robust pitch and yaw drive systems and assist the continued growth of the sector during the forecast period.

APAC Market Analysis

The Asia Pacific wind turbine pitch and yaw drive market is poised to register the fastest growth in the global market during the forecast period. The market’s growth is attributed to rising investments in renewable energy power generation to meet burgeoning electricity demands in the region. The region’s revenue growth is led by China, India, Japan, and South Korea. APAC countries produce large-scale renewable energy and advancements in infrastructure position the region to make strides in the pitch and yaw drive market for wind turbines. Additionally, China leads the global electricity demand as per the IEA creating a favorable trend within the reason for manufacturers to supply robust pitch and yaw drive systems.

China is poised to register the largest revenue share in the wind turbine pitch and yaw drive market of APAC. The domestic market is poised to register rapid growth owing to China being the largest producer of wind energy globally. For instance, Ember’s report in 2023 estimated China to be the highest wind power generating country globally. This creates burgeoning opportunities for pitch and yaw drive systems as onshore and offshore wind projects expand in the country. Additionally, the market’s growth is attributed to favorable government policies. For instance, the government plans to increase wind and solar power capacity by 1200 GW by 2030. Domestic companies in the country are leveraging the opportunities by providing robust wind energy solutions globally. For instance, in November 2024, Envision announced that it would supply a giga-scale wind farm in Egypt.

India is poised to increase its revenue share in the wind turbine pitch and yaw drive market of APAC during the forecast period. The market’s growth is owed to the country’s high output of wind power as it ranked 6^th globally in wind energy capacity as of 2023 by Ember. Manufacturers are poised to leverage rising opportunities in onshore and offshore wind farms in the country. For instance, in September 2024, the Solar Energy Corporation of India issued a tender for the development of a 500 MW offshore wind power project in Gujarat. The demand for pitch and yaw drive systems is poised to surge domestically as the country seeks to increase renewable energy production as well as export systems for wind farms to benefit from the increasing global demands.