Market Research Report
Global Wind Turbine Pitch Systems Market Size study, by Type (Hydraulic Pitch Systems, Electrical Pitch Systems), by Application (Offshore, Onshore) and Regional Forecasts 2018-2025
|Global Wind Turbine Pitch Systems Market Size study, by Type (Hydraulic Pitch Systems, Electrical Pitch Systems), by Application (Offshore, Onshore) and Regional Forecasts 2018-2025|
Published: April 1, 2019
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Wind Turbine Pitch Systems Market valued approximately USD 1.53 billion in 2017 is anticipated to grow with a healthy growth rate of more than 2.14% over the forecast period 2018-2025. The Wind Turbine Pitch Systems Market is continuously growing in the global scenario at significant pace. Pitch control is the technology used to operate and control the angle of the blades in a wind turbine. The system is in general either made up by electric motors and gears, or hydraulic cylinders and a power supply system. The pitch system is a closed loop drive system. The turbine main controller calculates the required pitch angle from a set of conditions, such as wind speed, generator speed and power production. Growing demand for power supply and high cost of electricity are the substantial driving factors of the market during the forecast period. Moreover, increasing demand in developing economies is the factor that likely to creating lucrative opportunity in the near future. However, high installation cost of wind turbines and large space requirement is the factor that limiting the market growth of Wind Turbine Pitch Systems during the forecast period.
The regional analysis of Global Wind Turbine Pitch Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to increasing demand for wind turbines in the region. Further, North America is estimated to grow as second largest region in the global Wind Turbine Pitch Systems market over the upcoming years. Europe is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to increasing need of water turbines across the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: