Yaw System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The yaw system is a part or piece of equipment in wind turbines that directs the rotor of the turbine toward the wind. This mechanism is responsible for rotating the wind turbine nacelle around the tower axis. The nacelle of a windmill plant must be properly positioned and oriented in order to produce the full amount of energy from the wind. Wind wheel safety and automatic turbine wheel untwisting are two of the yaw system's main functions. A yaw bearing, yaw brakes, and several yaw drives are included in this system. It ensures that the turbine is still facing the wind in order to optimize the power output. Higher energy capture can be accomplished by increasing the yaw control sensitivity. Yaw systems have a number of advantages, including high energy efficiency, superior robustness, flexible modifications, and improved performance. The systems not only improve the efficiency of the turbine, but they also reduce the risk of wind turbine damage.

MARKET DYNAMICS

The rise in awareness about the use of renewable energy, increased government initiatives to explore wind energy sources, and an increase in demand for power supply are all driving the global yaw system market forward. Furthermore, an increase in demand for wind energy, combined with the depletion of natural energy supplies, is expected to propel the market forward. However, the high cost of installation and high manufacturing investment are limiting factors in the market's growth. On the other hand, technical advancements are expected to reduce production and installation costs, resulting in new growth opportunities during the evaluation period.

MARKET SCOPE

The "Global Yaw System Market Analysis To 2031" is a specialized and in-depth study of energy and power industry with a special focus on the global market trend analysis. The yaw system market report aims to provide an overview of the yaw system market with detailed market segmentation by type, application, and geography. The global yaw system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading yaw system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global yaw system market is segmented on the basis of type, and application. Based on type, the yaw system market is segmented into: active yaw systems, and passive yaw systems. On the basis of application, the yaw system market is segmented into: wind energy, gear motors, water conservancy project, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global yaw system market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The yaw system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the yaw system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the yaw system market in these regions.

MARKET PLAYERS

The reports cover key developments in the yaw system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from yaw system market are anticipated to lucrative growth opportunities in the future with the rising demand for yaw system in the global market. Below mentioned is the list of few companies engaged in the yaw system market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the yaw system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Bonfiglioli Riduttori S.P.A
  
•   Eaton
  
•   Hydratech Industries
  
•   Kor-Pak Corporation
  
•   NGC Gears
  
•   Seaglet Co.,Ltd
  
•   Siemens
  
•   Svendborg Brakes
  
•   SIBRE.
  
•   ZOLLERN GmbH & Co. KG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Yaw System Report Scope