Direct Drive Wind Turbine
Market Synopsis:
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 (Compound Annual Growth Rate) during
the forecast period between 2017 and 2022.
Analyzing the market structure, this
report evaluates the future growth potential of the market. It assesses the
strategies of the key players in the market and supports the competitive
developments like joint ventures, new product developments, mergers &
acquisitions, research and developments (R&D) in the market.
The most important factor shaping the
direct drive wind turbine market 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.
Access Full Report at: https://www.marketresearchfuture.com/reports/direct-drive-wind-turbine-market-2465
Market Segmentation:
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 Analysis:
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).
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