According to the new market research report “Pitch and Yaw Drive – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Pitch and Yaw Drive market size is projected to reach USD 1.36 billion by 2030, at a CAGR of 4.8% during the forecast period.
- Global Pitch and Yaw Drive MarketSize(US$ Million), 2019-2030
Source: QYResearch, “Pitch and Yaw Drive – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Pitch and Yaw Drive Top11Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, “Pitch and Yaw Drive – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Pitch and Yaw Drive include Bonfiglioli, NGC Gears, Chongqing Gearbox, Yinchuan Weili Transmission, Dana, Comer Industries, Bosch-Rexroth, Enercon, DHHI, Nabtesco, etc. In 2023, the global top five players had a share approximately 79.0% in terms of revenue.
Market Drivers:
D1: Climate targets in EU. Capacity additions in the European Union and the United Kingdom has risen. Significant acceleration is expected in upcoming years, however, as countries redouble their efforts to pursue climate targets.
D2: Chinese OEMs upended recent global market share consolidation trends by securing 10 of the top 15 places in the global rankings for new installed capacity in 2020. This was largely thanks to a massive surge in Chinese onshore market activity ahead of the phasing out of subsidies at the end of 2022. The Chinese domestic market accounted for the vast majority of new installed capacity by Chinese firms, with their penetration into global markets remaining low.
D3: New growth markets for offshore wind.
Restraint:
R1: Wind electricity costs. Wind power must still compete with conventional generation sources on a cost basis. Even though the cost of wind power has decreased dramatically in the past several decades, wind projects must be able to compete economically with the lowest-cost source of electricity, and some locations may not be windy enough to be cost competitive.
R2: Transmission Lines. Good land-based wind sites are often located in remote locations, far from cities where the electricity is needed. Transmission lines must be built to bring the electricity from the wind farm to the city. However, building just a few already-proposed transmission lines could significantly reduce the costs of expanding wind energy.
R3: Land value. Wind resource development might not be the most profitable use of the land. Land suitable for wind-turbine installation must compete with alternative uses for the land, which might be more highly valued than electricity generation.
About The Authors
| Jiang Jinxiu – Lead Author |
| Email: jiangjinxiu@qyresearch.com |
| Jinxiu Jiang is a technology & market senior analyst specializing in chemical industry. Jiang has rich research experience in chemical industry and focuses on perfluoropolyethers, lubricating greases and heat transfer oils, trichlorohydrosilicon, petroleum needle coke, zirconia beads, high-strength glass fibers, long-glass fiber reinforced polypropylene, isostearic acid and its derivatives, and polytetrahydrofuran, etc. She is engaged in the development of technology and market reports and is also involved in custom projects. |
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