The growing concern for energy
conservation with drastically increasing population can also be attributed to
the growth of global direct drive wind power market.
The global direct drive wind turbine
market is expected to cross USD XX Billion Mark by the end of forecast period
and is expected to grow approximately at 11.5% CAGR from 2016 to 2022. Governments
across the globe are realizing the potential and long-term benefits of using
the wind energy. Favorable policies are introduced by the governments to help establish and sustain wind power
against cheaper alternatives. This would improve the growth of the wind energy
sector, thus marking immense potential for growth of the global direct drive
wind turbine market.
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However, the only issue the market faces
is the fact that the initial capital investments are on the higher side. But on
the other hand, major revolutions have taken place in the recent years towards
the turbine design and installation techniques, which have considerably reduced
the initial capital investment cost to a fairly reasonable extent. This factor
can have a positive knock-on effect on the market in the coming years.
Segmentation
The report has analyzed the market based
on capacities, technologies and regions.
Based on capacities, the market is
segmented as less than 1MW, 1MW to 3MW and more than 3MW. Among the three, the
1 MW to 3 MW segment dominates the market with the highest share.
Based on technologies, the market is
further bifurcated as electrically excited synchronous generator and permanent
magnet synchronous generator. With the increase in offshore activities, PMSG
technology is expected to experience high growth during the forecast
period. Europe, of all regions, has the
largest market share based due to forefront investment countries such as Spain,
U.K., Germany, Ireland and France.
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Regional
Outlook
Europe dominates the market and expected
to grow approximately at XX% CAGR during the forecast period. The favorable
governments regulations has resulted in increased investments in wind energy in
the region.
Asia-Pacific is another lucrative market
which is experiencing a rapid adoption of gearless wind turbines, especially
from emerging economies in the region such as China and India.
Key
Players
We recognize the key players in the global
direct drive wind turbine market as GE Renewable Energy (U.S.), Siemens AG (Germany),
Goldwind Science & Technology Co. Ltd. (China), Leitwind AG (Italy),
ENERCON GmbH (Germany), Xiangtan Electric Manufacturing Group (China), Emergya
Wind Technologies B.V. (The Netherlands), VENSYS Energy AG (Germany),
Windtronics LLC (U.S.) and American Superconductor Corporation (U.S.).
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