"Actionable Insights to Fuel Your Growth"

Yaw System Market Size, Share & Industry Analysis, By Type (Active Yaw Systems, Passive Yaw Systems), By Application (Wind Energy, Water Conservancy Project, Other) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI105744 | Status : Ongoing

 

KEY MARKET INSIGHTS

The yaw system is the component used in wind turbines to direct the wind turbine rotor toward the wind. This system plays a major role in rotating the nacelle of the wind turbine around the tower axis. The positioning and optimal orientation of the nacelle of a windmill plant are to generate the maximum amount of energy from wind. The core functions of the yaw system include wind wheel protection and automatic untwisting of a turbine wheel. The system is consists of a yaw bearing, yaw brakes, and multiple yaw drives.


Based on the type, the market is segmented into active yaw systems and passive yaw systems. Among these, the active yaw system is majorly used due to its prominent importance in improving power generation that further extends the service life of turbines. The active yaw systems are equipped with a torque-producing device that can rotate the wind turbine's nacelle against the stationary tower. The various components used in active yaw systems include a means of rotatable connection, a means of active variation, a means of restricting the rotation, and a control system to process the signal. However, the passive yaw systems use wind force to adjust the orientation of the wind turbine rotor into the wind.


Based on the application, the market is segmented into wind energy, water conservancy project, and others. Wind energy dominates the market and is expected to grow during the forecast period. According to IRENA, Wind expansion has almost doubled to 111GW in 2020 compared to 58GW in 2019. China contributed about 72 GW of new capacity, followed by the U.S. which contributed 14 GW. The water conservancy project involves the preservation, control, and development of water resources.


The major market driver for the yaw system market is the rise in awareness about the usage of renewable energy. In addition, increased government initiatives to explore wind energy sources and an increase in demand for power consumption are also driving the global yaw system market forward. Further, an increase in demand for wind energy is expected to propel the market forward.


The factor that is expected to inhibit the growth of the market is the high cost of installation associated with the system. Heavy investment in the manufacturing of the system is limiting the growth of the market.


Key Market Driver -

Growing investment in wind energy

Key Market Restraint -

High cost of installation and heavy investment


Key Players Covered:


Some of the major companies that are present in the yaw system market are Siemens, Svendborg Brakes, Seaglet Co., Ltd, Hydratech Industries, Kor-Pak Corporation, Eaton, SIBRE Siegerland Bremsen GmbH, ZOLLERN GmbH & Co. KG, Grede Holding LLC, Bonfiglioli, ANTEC, NGC Group, Inc., and Altra Industrial Motion.


Regional Analysis:


The yaw system market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to dominate the market, owing to its high requirement of wind power capacity and increase in urbanization & industrialization in countries such as China and India. China contributes to the largest share in the market due to the number of water conservancy projects in the region. The Altash Water Conservancy Project is the largest water conservancy project in China located in Xinjiang. The purpose of the project is to control the flood and generate power in the region. India is among the emerging markets for the yaw system market. MGNREGA is one of the main forces that is driving water conservation efforts across rural India. 


The North American market is expected to contribute notably to the global market. In North America, the U.S. is expected to drive the market owing to the presence of major wind turbine manufacturers such as GE and Vestas in the region.  Europe is another major market for the yaw system market. In Europe, Siemens Gamesa Renewable Energy is the leading offshore wind turbine manufacturer. In 2020, the Spanish-based company is operating about 3,674 turbines which generate 16.9 gigawatts of electricity.


To gain extensive insights into the market, Request for Customization


Segmentation






















  ATTRIBUTE


  DETAILS

By Type




  • Active Yaw Systems

  • Passive Yaw Systems



By Application




  • Wind Energy

  • Water Conservancy Project

  • Other



By Geography




  • North America (the U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Key Industry Developments



  • In May 2021, TransAlta Corporation announced that it has entered into a long-term Power Purchase Agreement with Pembina Pipeline Corporation for the offtake of 100 MW from its proposed 130 MW Garden Plain Wind Power Project, to be located in Alberta.  Under this agreement, Pembina will receive both renewable electricity and environmental attributes for an 18-year term. 

  • In January 2021, Kongsberg Maritime has declared that it will be supplying key positioning and monitoring equipment to Equinor’s Hywind Tampen floating wind farm, as part of a contract with Wood PLC.


Yaw System Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850
    Pre Book

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

The Japan Research
UL
Nikon
Schlumberger
Ntt

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X