Wind Turbine Pitch System Market

Wind Turbine Pitch System Market Segmentation by Product Type (Hydraulic and Electrical Pitch System); By Application (Offshore and Onshore) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1607 | Published On: Apr 07, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News


Introduction to Wind Turbine

Wind energy is classified under clean energy as it generates electricity without any environmental impact. Wind turbine converts the kinetic energy from the wind into electrical energy using the aerodynamic force created by the rotating blades. When the wind flows across the blade, it is utilized by wind turbines to generate electricity. The variation in air pressure around both the blades creates both lift and drag. All wind turbines are designed for survival speed with respect to their utilization and design.

In a pitch controlled wind turbine system, the electronic system generally adjusts the blades a few degrees every time the wind speed changes in order to keep the rotor blades at an optimal angle and to enhance the output for wind at all speeds.


Market Size and Forecast

Wind turbine pitch system market is anticipated to grow steadily based on increased awareness about the usage of renewable energy. Increase in demand of power supply around the globe is another factor contributing to the growth of the market. Apart from the high initial setup cost, the cost of maintaining turbines and generating wind power is economical. As compared to generating electricity from burning fossil fuels, the wind turbines generate electricity from wind energy. Such utilization of wind energy is encouraging countries from around the globe to adopt this as an option with respect to conventional power generation systems. The pitch control system is one of the most widely used control techniques in all available options to regulate the output power of a wind turbine generator. These factors are anticipated to boost the growth rate of this market.

The wind turbine pitch system market is anticipated to record a CAGR of 2.1% over the forecast period i.e. 2019-2027. The market is segmented by application type into offshore and onshore, out of which, the offshore segment is anticipated to hold leading shares in the wind turbine pitch system market on account of higher.  The market is further segmented by product type into hydraulic and electrical pitch systems. 


Growth Drivers

Awareness about the Usage of Renewable Energy

The rising awareness about the benefits of using renewable energy is the driving force behind the growth of the wind turbine pitch system market. Wind turbine uses wind as its raw material and does not affect environment adversely. Moreover, most of the countries are signatories to international protocols under United Nations Framework Convention on Climate Change (UNFCCC) in which they have to develop clean energy mechanism to support reduction of greenhouse gases. This is anticipated to fuel the growth of the market.

Increase in Demand for Power Supply

Rising rate of power consumption is driving the demand for power supply across the world. With the rigorous industrialization and urbanization, the demand for power supply has increased many folds in last few years. Additionally, the demand from countryside and rural areas has been increasing. Wind turbines play a key role in supplying electricity to remote areas. According to a survey, power generated by wind is anticipated to be third leading source of energy generation around the globe by 2050. These factors are anticipated to drive the growth of the market during the forecast period.


wind turbine pitch system market Graph
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Restraint

High Initial Setup Cost

The initial setup and the overall cost of installing wind turbines is high which is expected to negatively affect the growth of the market during the forecast period.


Market Segmentation

Our-in depth analysis of the wind turbine pitch system market includes the following segments:

By Product Type

  • Hydraulic Pitch System
  • Electrical Pitch System

By Application

  • Offshore
  • Onshore

By Region

On the basis of regional analysis, the wind turbine pitch system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia Pacific is anticipated to account for major share of the wind turbine pitch system market. The region has one of the highest wind power installed capacity in the world. Countries such as China and India are experiencing high rate of industrialization and urbanization. These countries possess required geographical locations such as large coastal areas and open plains for production of wind energy. The market in North America and Europe is estimated to hold significant share of the market after Asia Pacific owing to the favorable climatic conditions. According to EIA, out of all the renewable forms of energy generation, wind energy accounted for the highest generating capacity of 8% in the United States during 2016. Consumption of wind power is estimated to be on track of solid growth in Europe over the forecast period riding on the back of increased initiatives and investment towards clean energy generation.

wind turbine pitch system market Graph

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The wind turbine pitch system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


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