Bonfiglioli holds 68.3% of India wind-drive market, repowering nears

Bonfiglioli held a 68.3% value share of India’s wind-turbine drives market in FY2025, according to Frost & Sullivan analysis. Its position is in a market forecast to rise from Rs 880 crore in FY2025 to Rs 1,660 crore in FY2030, while replacement demand could increase from about 10% to 15% as older turbines approach repowering.

Why does Bonfiglioli hold 68.3% of India’s wind-drive market?

Bonfiglioli’s 68.3% FY2025 share reflects its domestic production of yaw and pitch drives, long presence in the Indian wind sector and local testing capability. The market-share calculation includes domestic and export revenues. Frost & Sullivan’s FY2025 market-share table assigns 19.8% to Liebherr, 5.1% to DHHI and 6.8% to other suppliers, including Weili and Chongqing.

Bonfiglioli began manufacturing wind-turbine pitch and yaw drives at its Chennai, Tamil Nadu facility in 2006. It became the first company in India to manufacture pitch drives for 1 MW to 5 MW wind turbines, and its current wind-drive range serves turbines rated from 225 kilowatts to 5 MW. As of September 30, 2025, Bonfiglioli’s India research and development centre was the only test laboratory in India equipped to test wind-turbine yaw and pitch drives.

Yaw drives rotate a turbine nacelle, the housing above the tower, towards the wind, while pitch drives alter each blade’s angle to regulate rotor speed and power output. The source states that lower-quality yaw and pitch drives can reduce annual energy production by 2% to 6% and raise fatigue loads on blades and bearings. Bonfiglioli’s position therefore depends on retaining original equipment manufacturer, or OEM, qualifications, maintaining local production and meeting the higher loads associated with larger turbines.

How fast is India’s wind-turbine drive market growing?

India’s wind-turbine drive market is forecast to grow at an 11.5% compound annual growth rate, or CAGR, from FY2023 to FY2030, reaching Rs 1,660 crore from Rs 725 crore. The market grew at a reported 10.1% CAGR between FY2023 and FY2025, when its value reached Rs 880 crore. The forecast is linked to wind installations, larger turbine platforms and demand for locally manufactured turbine components.

Yaw systems represented 61.4% of FY2025 wind-drive market value, compared with 38.6% for pitch systems. Yaw-drive value is projected to increase from Rs 540 crore in FY2025 to Rs 1,040 crore in FY2030, a 14.0% CAGR. Pitch-drive value is forecast to rise from Rs 340 crore to Rs 620 crore, a 9.8% CAGR, over the same period.

The faster projected expansion in yaw drives is associated with India’s movement from sub-2 MW turbines to 3 MW to 6 MW platforms, which have larger rotors and require higher-torque orientation systems. India’s onshore wind market is expected to grow at about 15.0% through 2030, and annual installations could reach 8 GW to more than 10 GW. Continued installation volumes would support new-drive demand, although tender execution, power-purchase agreement signing and imported-component availability remain constraints identified in the source.

What does repowering demand mean for Bonfiglioli?

Repowering could lift replacement demand from roughly 10% of India’s wind-turbine drive market today to 15% over the next five to seven years. Current replacement demand mainly comes from ageing 1 MW to 1.5 MW turbines that need upgraded yaw and pitch systems. The source identifies a 12 GW to 14 GW repowering opportunity in early wind farms, mostly sub-1 MW turbines concentrated in Tamil Nadu and Gujarat.

Repowering means replacing older turbines with modern, higher-efficiency equipment rather than only repairing the existing machine. It can increase demand for yaw and pitch systems because current 3 MW to 5 MW platforms require stronger mechanical systems than the legacy fleet. The opportunity will depend on owners of legacy projects obtaining approvals and ordering replacement turbines instead of extending the operating life of existing equipment.

The ageing fleet also creates a potential aftermarket for gearbox refurbishment, yaw and pitch-drive servicing, condition monitoring and spare parts. The source identifies turbines operating beyond their original design life as a particular source of demand. For Bonfiglioli, the scale of this business will depend on service coverage at remote wind sites, where limited skilled technicians and weaker aftermarket networks can increase downtime and lifecycle costs.

Which policies and turbine trends support demand?

India’s stated objective of 107 GW of cumulative wind capacity by 2030 and the Ministry of New and Renewable Energy plan to tender at least 10 GW of new wind capacity annually until FY2028 support new wind-turbine drive demand. Solar-wind-storage hybrid projects, Solar Energy Corporation of India auctions and state policies are cited as contributors to the wind-project pipeline. New installations account for about 90% of current demand for Indian wind-turbine drives.

Localisation also supports Bonfiglioli because government policies encourage domestic production of wind-turbine components and drives. Domestic production can reduce import costs and shorten lead times, but the source says India remains dependent on imports for certain precision systems, bearings and specialised gear components. Currency movements and supply constraints for these inputs could affect component availability and costs even where final drive assembly is local.

India’s offshore wind market remains pre-commercial between 2024 and 2029, so it is not a material near-term demand source. Proposed priority zones in Gujarat and Tamil Nadu are expected to deploy 12 MW to 15 MW turbines in the first wave after 2030. These projects would require corrosion-resistant, high-reliability drives, but their development depends on viability-gap funding, port upgrades, subsea-cable capability and project execution.

Conclusion

Bonfiglioli’s 68.3% FY2025 market share places it at the centre of an Indian wind-turbine drive market forecast to add Rs 780 crore between FY2025 and FY2030. Manufacturing in Chennai since 2006, a 225 kilowatt to 5 MW product range and domestic yaw-and-pitch testing capacity align with the transition to larger turbines, in which yaw-drive value is forecast to grow faster than pitch-drive value.

The next development to watch is whether the identified 12 GW to 14 GW repowering opportunity produces turbine and drive orders during the next five to seven years. New installations represent about 90% of current demand, while replacement demand could reach 15%; that change depends on legacy-fleet owner decisions, tender execution, imported-component supply and service capability at remote wind farms.