The growth of the global yaw system market is mainly driven by rise in awareness about the usage of renewable energy, increase in government initiatives to explore wind energy sources, and surge in demand for power supply. Furthermore, upsurge in demand for wind energy coupled with exhausting natural energy resources is expected to drive the growth the market growth. However, high cost of installation and heavy investment for manufacturing are the factors that restrain the growth of the market. On the contrary, decrease in manufacturing and installation cost, owing to technological development is anticipated to offer new growth opportunities during the assessment period.
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The global yaw system market is segmented into type, application, and region. Depending on type, the market is bifurcated into active yaw systems and passive yaw systems. Among these, active yaw system is majorly used, as it has prominent importance in improving power generation that further extends the service life of turbines. By application, the global market is fragmented into wind energy, gear motors, water conservancy project, and others.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the market, due to requirement of high wind power capacity and increase in urbanization & industrialization in countries such as China and India.
The key players operating in the global yaw system market are Seaglet Co. Ltd., Svendborg Brakes, Hydratech Industries, ANTEC S.A, Kor Pak, Bonfiglioli Riduttori S.P.A., SIBRE, NGC Gears, Siemens AG, and ZOLLERN GmbH & Co. KG. These players have adopted various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches to create a strong consumer base in the market.
YAW SYSTEM MARKET KEY SEGMENTS
- Active Yaw Systems
- Passive Yaw Systems
- Wind Energy
- Gear Motors
- Water Conservancy Project
- Others (Yaw Rate Sensor)
- North America
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KEY BENEFITS FOR STAKEHOLDERS
- The report outlines the current market trends and future scenario of the yaw system market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the yaw system industry for strategy building.
- Major countries in the regions have been mapped according to their individual revenue contribution.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The market analysis covers in-depth information of major industry participants.
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