Market Research Report
Global Wind Turbine Pitch System Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||900612|
|Published||Content info||128 Pages
Delivery time: 1-2 business days
|Global Wind Turbine Pitch System Market 2019-2023|
|Published: July 30, 2019||Content info: 128 Pages||
A wind turbine pitch system is used to adjust the blade pitch in wind turbines to keep the robot blade moving with the operating limit as the wind speed changes. Technavio's wind turbine pitch system market analysis considers sales from both onshore and offshore segments. Our analysis also considers the sales of wind turbine pitch system in APAC, North America, South America, and EMEA. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the declining power prices on a global level will play a significant role in the onshore segment to maintain its market position. Also, our global wind turbine pitch system market report looks at factors such as the rising height and capacity of wind towers, decreasing LCOE of wind energy, and regulations pertaining to clean energy. However, the intermittent nature of wind energy, competition from alternative sources of energy, and growing R&D activities for developing AWES may hamper the growth of the wind turbine pitch system industry over the forecast period.
The LCOE of wind energy generation is declining due to factors such as the reducing operating and maintenance costs, increasing heights of wind infrastructure, and decrease in the cost of wind turbines. This has made wind-based power a reliable option for electricity generation and led to an increased number of wind turbine installations. Eventually, the adoption of wind turbine pitch systems will also increase and lead to the expansion of the global wind turbine pitch system market at a CAGR of over 4% during the forecast period.
The rapid technological advances in onshore wind energy production have improved the reliability and efficiency of the power generation from renewable sources of energy. This minimizes the levelized cost of energy, which, in turn, will have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global wind turbine pitch system market during the forecast period 2019-2023, view our report.
With the presence of several major players, the global wind turbine pitch system market is fragmented. Technavio's robust 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 manufacturers, that include ABB Ltd., Chengdu Haote Technology Co. Ltd., General Electric Co., Mita-Teknik AS, and Siemens AG.
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 on all forthcoming growth opportunities.