MRFR has a newly added “Global Direct Drive Wind Turbine Market Report” that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.
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.
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.
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The wind being one of the
cleanest sources of power generation, is used to generate electricity by wind
turbines. Increasing demand for renewable energy across the globe has majorly
attributed to the growth of the direct drive wind turbine market. Moreover,
depleting fossil fuel reserves, increasing environmental sensitivity, low cost
of wind power generation and financial support from governments across the
globe all have a knock-on effect on the global market size.
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).
Global
Direct Drive Wind Turbine Industry 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 Analysis
The global market for direct
drive wind turbines is geographically spread across Asia-Pacific, North
America, Europe, and the Rest of World.
Globally, Europe has secured
the top position and is predicted to retain its position throughout the
forecast period due to its impressive streak of renewable energy sources usage.
Moreover, the massive contribution from countries such as Spain, United Kingdom
(U.K), France and Ireland combined with favorable government regulations has
buoyed the market growth in the region.
The growth in Europe market
is followed by Asia-Pacific owing to the adoption of gearless wind turbines in
the emerging economies such as China and India with growing energy needs in the
region. Furthermore, the region observes market growth on account of continuous
capacity additions to the existing industry participants. Also, increased
awareness of renewable energy usage serves to propel the market growth. in
addition, large number of plant managers focus on enhancing operational
efficiency and reducing maintenance costs, which directly triggers the market
growth in the region.
MRFR reports that the North
America market is highly lucrative on account of installation base and
revenues. Constant technological advancements, product development and mergers
and acquisition among well-established market players bode well with the market
growth in the region. Increasing demand for low-cost, renewable source of
energy is one of the major factors fueling the market growth as well.
Access Full Report at: https://www.marketresearchfuture.com/reports/direct-drive-wind-turbine-market-2465
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),
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