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.
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1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.2 Research Process
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain
Analysis
3.4 Porter’s Five Forces
Analysis
4 Global Direct Drive Wind
Turbine Market, By Capacity
4.1 Introduction
4.2 Less Than 1MW
4.3 1MW To 3MW
4.4 More Than 3MW
5 Global Direct Drive Wind
Turbine Market, By Technology
5.1 Introduction
5.2 Electrically Excited
Synchronous Generator (EESG)
5.3 Permanent Magnet
Synchronous Generator (PMSG)
Continued…..
List Of Tables
Table 1 Global Direct Drive
Wind Turbine Market, By Capacity
Table 2 Global Direct Drive
Wind Turbine Market, By Technology
Table 4 Global Direct Drive
Wind Turbine Market, By Region
Table 5 Asia-Pacific Direct
Drive Wind Turbine Market, By Capacity
Table 6 Asia-Pacific Direct
Drive Wind Turbine Market, By Technology
Table 8 Asia-Pacific Direct
Drive Wind Turbine Market, By Country
Table 9 China Direct Drive
Wind Turbine Market, By Capacity
Table 10 China Direct Drive
Wind Turbine Market, By Technology
Continued…..
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