Direct Drive Wind Turbine Market Research Report Global Forecast till

Posted by Anvi on January 28th, 2020

The direct drive wind turbine is defined as a mechanism where the power is directly transferred from the motor without any reductions, with no need for a gearbox. Market Research Future (MRFR) has published a research report about the global direct drive wind turbine market that calculates raise for this market at 11.5% CAGR during the forecast period between 2017 and 2022.

The most important factor shaping the Direct Drive Wind Turbine MarketResearch growth is a range of advantages that include higher torque with low rpm, increased efficiency, and reduced noise. Other factors, carrying out the growth of this market include depleting fossil fuel reserves, favorable government policies, increasing greenhouse gas emission, increasing significance of renewable energy sources, growing concern for energy conservation, and rising demand for energy.

Direct Drive Wind Turbine Market – Segmental Analysis

The global direct drive wind turbine market has been segmented on the basis of capacity, technology, and lastly, region.

Based on capacity, this market has been segmented into less than 1 mega watt (MW), 1MW to 3MW, and more than 3MW.

The technology-based segmentation segments the market into an electrically excited synchronous generator and permanent magnet synchronous generator.

During the forecast period, the permanent magnet synchronous generator technology is expected to experience significant growth due to the increase in offshore activities.

Regional Outlook

The regional segmentation of the global direct drive wind turbine market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW).

Europe is the largest regional market that is expected to expected to retain its position during the forecast period due to its efficient utilization of renewable energy sources used. Many key market players are also operating in European countries. Other factors contributing to the market growth are favorable government regulations and the massive revenue contribution from countries such as France, Ireland, Spain, and the UK, followed by the remaining countries of Europe.

The second most important regional market is the Asia Pacific region because the adoption of gearless wind turbines is increasing in the emerging economies like China and India due to the growing energy needs in the region. In this region, the market is growing due to continuous capacity additions to the existing industry participants. The increased awareness of renewable energy usage is also contributing to the market growth. Other factors leading to the market growth in this region are increasing the number of plant managers focussing on enhancing operational efficiency, and therefore, resulting in the reduction of maintenance costs. Other important country-specific markets in this region include Japan and South Korea, followed by the remaining countries of the Asia Pacific region.

In North America, the market is strong due to the presence of established industries, the government encouraging the use of eco-friendly technology, and the presence of many key market players. The key country-specific markets in this region are the USA, Canada, and Mexico, followed by the remaining countries in North America.

Key Players

The key players in the global direct drive wind turbine market include American Superconductor Corporation (USA), Emergya Wind Technologies B.V. (The Netherlands), ENERCON GmbH (Germany), General Electrics Renewable Energy (USA), Goldwind Science & Technology Co. Ltd. (China), Leitwind AG (Italy), Siemens AG (Germany), VENSYS Energy AG (Germany), Windtronics LLC (USA), and Xiangtan Electric Manufacturing Group (China).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Anvi

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Anvi
Joined: October 25th, 2019
Articles Posted: 461

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