Global Wind Turbine Pitch System Market 2019-2023 | Evolving Opportunities with ABB Ltd. and Chengdu Haote Technology Co. Ltd. | Technavio
LONDON--(BUSINESS WIRE)--Nov 4, 2019--
Technavio has been monitoring the global wind turbine pitch system market since 2018 and the market is poised to grow by USD 427.33 million during 2019-2023, progressing at a CAGR of over 4% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled global wind turbine pitch system market 2019-2023. (Graphic: Business Wire)
Read the 128-page report with TOC on “Wind Turbine Pitch System Market Analysis Report by Application (onshore and offshore), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2019-2023”.
The market is driven by the decreasing LCOE of wind energy. In addition, technological developments in onshore wind energy are anticipated to boost the growth of the wind turbine pitch system market.
Factors such as the decrease in the cost of wind turbines, increasing heights of wind infrastructure, reduced operating and maintenance costs, and low costs of financing, and rising supply of turbines have led to a decline in the LCOE of wind power generation. In addition, the growing demand for energy coupled with rising concerns over carbon emissions are fueling the adoption of wind energy across the world. These factors will have a positive impact on the demand for complementary components to increase the efficiency of wind turbines, thereby driving the growth of the market.
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Major Five Wind Power Pitch System Companies:
ABB Ltd. owns and operates its business across various segments such as Electrification Products, Robotics and Motion, Industrial Automation, and Corporate and Other. The company offers a wide range of pitch system equipment and products. The offerings include motor starters, short circuit limiters, circuit breakers, power supply units, and distribution boards.
Chengdu Haote Technology Co. Ltd.
Chengdu Haote Technology Co. Ltd. offers a wide range of wind turbine pitch systems. FP009 series pitch system and FP008 independent pitch control system are some of the key offerings of the company.
General Electric Co.
General Electric Co. owns and operates its business across various segments such as Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital. The company offers pitch control motors with power of 45 Newton meter (12.63 horsepower), 100-volt direct current, and a variable speed of 2,000/3,000 rotations per minute.
Mita-Teknik AS offers a wide range of wind turbine pitch systems. Mita Pitch System and MDS Pitch Control system are some of the key offerings of the company.
Siemens AG owns and operates its business across various segments such as Power and Gas, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, Siemens Healthineers, Siemens Gamesa Renewable Energy, and Financial Services. The company offers distributed solutions for pitch control based on its SIMATIC ET 200 platform.
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Wind Turbine Pitch System Application Outlook (Revenue, USD Million, 2019 - 2023)
Wind Turbine Pitch System Regional Outlook (Revenue, USD Million, 2019 - 2023)
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Related Reports on Utilities Include:
Global Onshore Wind Power Systems Market – Global onshore wind power systems market by technology (wind turbine, T&D, and others) and geography (APAC, MEA, North America, and South America).
Global Offshore Wind Power Market – Global offshore wind power market by geography (Europe and ROW) and structure type (monopile, jacket, and others).
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PUB: 11/04/2019 12:00 PM/DISC: 11/04/2019 12:01 PM