Global Direct Drive Wind Turbine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Direct Drive Wind Turbine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” report has been recently generated by MarketResearch.biz, and offers in-depth insights, revenue details, and other vital information regarding the global direct drive wind turbine market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global direct drive wind turbine market report has been segmented on the basis of capacity, technology, and region.
This report is based on synthesis, analysis, and interpretation of information gathered from various sources regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts, with the primary objective being to provide a holistic view of the target market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as current impact, in order to make informed forecasts about the scenarios in the near and distant future.
Direct drive wind turbines, also known as gearless wind turbines do not have a gearbox which makes them light weighted and increases efficiency. Direct drive wind turbines are enhanced equipment which are used as a replacement for offshore appliance, owing to the less precautionary measure and break down preservation requirements for direct drive wind turbines as compared to conventional wind turbines. Direct drive wind turbines improve consistency of air stream farms and turbines.
The global direct drive wind turbine market is expected to register significant growth over the forecast period, owing to increasing progression in the usage of energy across the globe. In addition, increasing energy consumption, in turns, expected to drive growth of the global direct drive wind turbine market. Increasing failures of a conventional wind turbine on account of gear breakdown are also driving demand for a gearless wind turbine. Moreover, direct drive wind turbine eliminates operation, maintenance and preservation challenges of conventional wind turbines. Such factors are expected to augment growth of the global market over the forecast period. Direct drive wind turbines do not require oil cooling techniques which eliminates the chances of environmental risk and fire incident. Therefore, growing favorable ecological regulations on account of eliminating ecological risk, are expected to have a beneficial effect on growth of the global direct drive wind turbine market over the estimated time period.
However, high cost associated with the installation of direct drive wind turbines is expected to hinder growth of the global direct drive wind turbine market over the forecast period. In addition, variation in wind speed is a challenge and may have a negative impact on growth of the global market.
Continuous research and development activities in the direct drive wind turbine field have resulted in enhancement of installation techniques and designs that are cost effective in nature. Such innovations have also resulted in lower initial investment cost, which in turn is expected to create revenue opportunities for the players in the global market.
Analysis by Region:
The market in the Asia Pacific is currently dominating the global direct drive wind turbine market and is expected to grow at a substantial growth rate over the forecast period. Markets in India and China are expected to contribute majorly to the revenue share over the forecast period. Furthermore, the North America market is also expected to grow at a significant CAGR over the projected time period, owing to the presence of strong ecological regulatory bodies in the region.
Global Direct Drive Wind Turbine Market Segmentation:
Segmentation by Capacity:
- Less than 1 MW
- 1MW- 3MW
- More than 3 MW
Segmentation by Technology:
- Permanent Magnet Synchronous Generator (PMSG)
- Electrically Excited Synchronous Generator (EESG)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- GE Energy
- Avantis Energy Group
- Torres Olvega Industrial
- ReGen Powertech Pvt. Ltd.
- Godecke Energy
- Leitwind AG
- Siemens Wind Power A/S
- Northern Power System
- Goldwind Science & Technology Co. Ltd.
- Emergya Wind Technologies B.V.
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