The Direct Drive Wind Turbine Market is growing at a rapid pace across the globe. The market growth attributes to the remarkable increase in the renewable energy sectors worldwide. Also, advances in manufacturing techniques and related technologies define the market landscape. Furthermore, rising product development is a prime driver of market demand.
Moreover, advantages of
the direct-drive wind turbine, such as efficiency, reduced noise, and higher
torque with low rpm escalate the market growth. According to Market Research
Future (MRFR), the global direct drive wind turbine market is expected to
garner exponential valuation by 2022, growing at 11.5% CAGR throughout the
assessment period (2016-2022).
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Industry Highlights
Rising demand for energy
and increasing greenhouse gas emissions influence the market demand, promoting
renewable energy sources such as wind energy. Also, favorable government
policies and depleting fossil fuel reserves boost the growth of the market.
Additionally, growing concerns for energy conservation, alongside the rising
wind energy installation and government support to renewable energy,
substantiate the market growth.
Growing ecological
concerns define the rising demand for clean, renewable, and sustainable energy
generation. Besides, substantial R&D investments and increasing wind energy
demand foster market growth. Conversely, high initial capital investments are
the major factors projected to impede the growth of the market. Nevertheless,
augmented demand for sustainable power generation worldwide would support the
growth of the market over the assessment period.
Direct Drive Wind Turbine
Market – Segments
The report is segmented
into three dynamics;
By Capacity : Less than 1MW, 1MW to 3MW, More than 3MW.
By Technology : Permanent Magnet Synchronous
Generator, Electrically Excited Synchronous Generator, and others.
By Regions : Americas, Europe, Asia
Pacific, and the Rest-of-the-World.
Global Direct Drive Wind
Turbine Market – Regional Analysis
Europe dominates the
global Direct
Drive Wind Turbine Industry. The market growth
attributes to the high investments in wind energy sectors in the region.
Besides, favorable government regulations to promote renewable energy drive the
growth of the market. Also, the largest percentage of total energy consumption
has increased onshore wind farm capacities.
Moreover, the growing
innovation and technological advancement in offshore wind turbine construction
in Nordic countries such as Norway and Portugal propel the regional market
growth. Spain, U.K., France, and Ireland
hold considerable shares in the regional market owing to the spurting growth in
the renewable energy sectors in these countries.
The Asia Pacific region
stands second in the global direct drive wind turbine market. The market is
driven by the augmenting adoption of gearless wind turbines and growing energy
needs. Additionally, the commencement of numerous wind power projects and a
shift away from oil and gas boost the regional market growth. China and India
account for substantial shares in the regional market, heading with momentous
capacity additions.
North America also holds
a sizable share in the global direct drive wind turbine market. Factors such as
the saturation of wind locations and competition from solar energy foster the
growth of the regional market. The growing consumption of energy and rising
awareness of renewable sources in the region substantiate market growth. The
North American direct drive wind turbine market is expected to grow at a
moderate rate during the assessment period.
Direct Drive Wind Turbine
Market – Competitive Landscape
Highly competitive, the
direct drive wind turbine market appears fragmented due to the presence of
several notable players. To gain a larger competitive share, players adopt
strategic initiatives such as mergers & acquisitions, collaborations,
expansions, and product/technology launch.
Technology providers
strive to develop direct drive wind turbine solutions that can deliver a suite
of application offerings, new manufacturing techniques, and larger &
efficient turbine blades. Developers use time-tested methodologies and best
practices to bring together differing point systems and technologies into a
security-rich, integrated environment that enhances resource planning and asset
management.
Major Players:
Players leading the
direct drive wind turbine market are Siemens AG (Germany), GE Renewable Energy
(US), Goldwind Science & Technology Co. Ltd. (China), ENERCON GmbH
(Germany), Leitwind AG (Italy), Xiangtan Electric Manufacturing Group (China),
VENSYS Energy AG (Germany), Emergya Wind Technologies BV (The Netherlands),
Windtronics LLC (US) and American Superconductor Corporation (US), among
others.
Industry/ Innovation/
Related News:
September 02, 2020 ----
Siemens Gamesa Renewable Energy (Spain SGRE), a leading global wind turbine
manufacturer, announced winning a supply contract for wind projects in US. The
company has won supply contracts for two new onshore wind turbine projects in
Texas, US. In May 2020, SGRE won a contract to supply its SG 14-222 direct drive
offshore wind turbine for the Coast Virginia Offshore Wind commercial project
of 2.64GW capacity.
Siemens Gamesa has
installed over 1,000 direct drive offshore wind turbines in all major offshore
wind markets, including the UK, Germany, Denmark, The Netherlands, Belgium, and
Taiwan. Furthermore, the company has also confirmed receiving additional 1,000
offshore direct-drive turbines orders with installations in those mentioned
above and new offshore markets, including the USA and France.
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Market Report Details at: https://www.marketresearchfuture.com/reports/direct-drive-wind-turbine-market-2465
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