Direct Drive Wind Turbine Market
Synopsis:
Direct drive wind turbines are manufactured without
gearboxes, which facilitate the direct transfer of the power from motor without
reductions. It is gaining momentum owing to several of the advantages offered
by the product. In this observation offered by Market Research Future (MRFR),
the global direct drive wind turbine market is expected to strike 11.5% CAGR
during the assessment period. The market is anticipated to reach a decent
valuation by the end of 2022.
Gearboxes are considered to be the weakest link is
wind turbines, and its elimination is presumed to increase the life span of the
wind turbines. This, in turn, is expected to facilitate the expansion of the
direct drive wind turbine market in the coming years. Also, the requirement for
oil cooling is eliminated in direct drive wind turbines. It avoids the
possibility of environmental pollution. This, in turn, is expected to catalyze
the growth rate of the direct drive wind turbine market in the forthcoming
years.
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The elimination of gearbox helps in the frictionless
flow of energy. It enhances the efficiency of the wind turbines, making it much
popular among the end-users. Thus, the direct drive wind turbine market is
anticipated to witness a lucrative growth trajectory over the next couple of
years. Both the developed and developing
nations are observed to expand their capacities of renewable power generation.
It is poised to influence the market growth greatly in the years to come.
Increasing reliance on wind power for ensuring
energy security is projected to catapult the direct drive wind turbine market
on upward trajectory. Increasing investments in offshore wind farms are anticipated
to drive the growth of the global market in the foreseeable future. However,
the cost of investments in the technology is quite high, which can impede the
expansion of the market across the forecast period.
Global Direct Drive Wind Turbine Market
Segmentation:
On the basis of capacity, the direct drive wind
turbine market has been segmented into less than 1MW, 1MW to 3MW, and more than
3MW.
By technology, the direct drive wind turbine market
has been divided into permanent magnet synchronous generator and electrically
excited synchronous generator.
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Regional Analysis:
The direct drive wind turbine market, on the basis
of region, has been segmented into Asia Pacific (APAC), North America, Europe,
and the Rest of the World (RoW).
These regional segments are further narrowed down to
a country-level basis. Europe is anticipated to maintain its pole position over
the next couple of years. The region has been observing a rapid inclination
towards the generation of renewable energy. This, in turn, is poised to emerge
as the primary driver of the direct drive wind turbine market. Country-level
markets such as Spain, France, United Kingdom (U.K), etc. are prognosticated to
boost the growth of the regional market in Europe. Asia Pacific is emerging as
a potential market. The rising adoption of direct drive wind turbines in the
market is expected to expedite market during the evaluation period.
Competitive Dashboard:
GE Renewable Energy (U.S.), Goldwind Science &
Technology Co. Ltd. (China), Siemens AG (Germany), Leitwind AG (Italy),
Xiangtan Electric Manufacturing Group (China), ENERCON GmbH (Germany), Emergya
Wind Technologies B.V. (The Netherlands), Windtronics LLC (U.S.), VENSYS Energy
AG (Germany), and American Superconductor Corporation (U.S.) are the major
manufacturers of the global direct drive wind turbine market.
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