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Direct Drive Wind Turbine Industry – Know the Untapped Growth Opportunities to 2030

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.

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.

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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 – 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 areSiemens 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.

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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 market. 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.

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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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Published by Tejas Amale

Im a Today's Marketer who have ability to track all thinks about future marketing.

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