Global Direct Drive Wind Turbine Market Analysis:
The
global Direct Drive Wind Turbine Market 2020
is on track to achieve a growth rate of approximately 11.5% between 2016 and
2022 (forecast period), say experts at Market Research Future (MRFR). The wind
is one of the cleanest sources of power generation, and is used by wind
turbines to generate electricity. Rising demand for renewable energy worldwide
has been largely attributable to the growth of the market for direct drive wind
turbines. In addition, the depletion of fossil fuel reserves, increased
environmental sensitivity, low wind power generation costs and government
financial support around the globe all have a knock-on effect on the global
market size.
Top Companies analyzed in the Direct Drive Wind
Turbine Market Report are:
Siemens
AG (Germany), GE Renewable Energy (U.S.), Goldwind Science & Technology Co.
Ltd. (China), ENERCON GmbH (Germany), Xiangtan Electric Manufacturing Group
(China), Leitwind AG (Italy), VENSYS Energy AG (Germany), Windtronics LLC
(U.S.), Emergya Wind Technologies B.V. (The Netherlands), and American
Superconductor Corporation (U.S.) are some of the major players operating in
this market.
Market Boosters and Key Restraints
Wind
turbine manufacturers are putting in intense efforts to explore ways that can
make direct-drive wind turbines more efficient with gearbox-operated wind
turbines. Direct drive wind turbines have gained massive significance owing to
their design, which is quite simple compared to the gearbox technology,
facilitating easier operation as well as maintenance. The appealing design has
made direct drive extremely favorable for offshore applications.
Exhausting
fossil fuel reserves, mounting environmental sensitivity, reduced cost of wind
power generation and strong financial backing from governments across the globe
are anticipated to significantly boost the growth of the direct drive wind
turbine market in the following years.
However,
wind farms are quite capital-intensive that require sizeable investments. Such
projects can be financed only by investment groups and large utilities, which
can negatively impact the market in the coming years. On the bright side,
increase in the research and development (R&D) initiatives in the direct
drive wind turbine field has led to highly advanced installation techniques as
well as cost-effective turbine design that can significantly bring down the
initial investment required for these projects.
Direct Drive Wind Turbine Industry Segmental Analysis
The
Direct
Drive Wind Turbine Industry
has been evaluated by MRFR experts depending on the primary segments like
capacity and technology.
The
capacity-wise sub-segments are less than 1MW, 1MW to 3MW, and more than 3MW.
The
segments depending on technology include electrically excited synchronous
generator as well as permanent magnet synchronous generator. The permanent
magnet synchronous generator technology can note highly robust significant
growth over the appraisal period on account of the soaring number of offshore
activities across the world.
Regional
Analysis of Direct
Drive Wind Turbine Market
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 its impressive streak of use of
renewable energy sources is predicted to retain its position throughout the
forecast period. Moreover, combined with favorable policy policies, the huge
participation from countries such as Spain, United Kingdom ( UK), France and
Ireland has enhanced the region's business growth.
Asia-Pacific
is accompanied by growth in the European sector due to the adoption of gearless
wind turbines in developing economies like China and India with rising energy
needs in the region. In fact, the region is seeing demand growth as a result of
continuous capability adds to existing industry participants. Increased awareness
of the use of renewable energies also serves to stimulate market growth.
Moreover, a growing number of plant managers are focused on increasing
operating performance and reducing maintenance costs, which directly stimulate
the region's demand development.
MRFR
reports that the market in North America is highly lucrative in terms of
installation base and revenue. Constant technical innovations, product
production and mergers, and acquisition amongst well-established market players
boast well with the region's business growth. Rising demand for low-cost,
renewable energy sources is one of the major factors that also fuel market
growth.
Access Complete Direct Drive Wind
Turbine Market Research Report at: https://www.marketresearchfuture.com/reports/direct-drive-wind-turbine-market-2465
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
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