Direct Drive Wind Turbine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A wind turbine, also known as a wind energy converter, is a device that converts the kinetic energy of the wind into electrical energy. Wind turbines come in a variety of sizes, with either horizontal or vertical axes. There are 650 gigawatts of power in hundreds of thousands of large turbines known as wind farms, with 60 gigawatts added each year. The direct drive wind turbine is a low-speed generator that does not require a gearbox as part of the turbine's drive train. These turbines have advantages such as being lighter than conventional turbines, having significantly lower maintenance costs, and not requiring a gearbox replacement because they are gearless turbines. The permanent magnet type generator is the most popular direct drive wind turbine generator because it is lighter in weight and has a high reliability for offshore applications. The advantages of direct drive wind turbine mentioned above are expected to drive the market growth during forecast period.

MARKET DYNAMICS

The growing focus towards gearless wind turbines over geared wind turbines and factors such as favorable government policies, growing concern for energy conservation and depleting fossil fuel reserves are driving the growth of the direct drive wind turbine market. However, the high installation and maintenance cost may restrain the growth of the direct drive wind turbine market. Furthermore, more advancement in direct drive wind turbine such as integration with artificial intelligence and advancement regarding the size is anticipated to create market opportunities for the direct drive wind turbine market during the forecast period.

MARKET SCOPE

The "Global Direct Drive Wind Turbine Market Analysis to 2031" is a specialized and in-depth study of the direct drive wind turbine market with a special focus on the global market trend analysis. The report aims to provide an overview of direct drive wind turbine market with detailed market segmentation by capacity, technology, and geography. The global direct drive wind turbine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading direct drive wind turbine market players and offers key trends and opportunities in the direct drive wind turbine market.

MARKET SEGMENTATION

The global direct drive wind turbine market is segmented on the basis of capacity and technology. On the basis of capacity, the market is segmented as less than 1MW, 1MW to 3MW, and more than 3MW. Similarly, on the basis of technology, the market is segmented as electrically excited synchronous generator and permanent magnet synchronous generator.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global direct drive wind turbine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The direct drive wind turbine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting direct drive wind turbine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the direct drive wind turbine market in these regions.

MARKET PLAYERS

The reports cover key developments in the direct drive wind turbine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from direct drive wind turbine market are anticipated to lucrative growth opportunities in the future with the rising demand for direct drive wind turbine. Below mentioned is the list of few companies engaged in the direct drive wind turbine market.

The report also includes the profiles of key direct drive wind turbine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Alstom
  
•   American Superconductor
  
•   Emergya Wind Technologies BV
  
•   ENERCON GmbH
  
•   GENERAL ELECTRIC
  
•   Lagerwey Group B.V.
  
•   LEITNER SpA
  
•   Siemens Gamesa Renewable Energy, S.A.
  
•   VENSYS Energy AG
  
•   Xinjiang Goldwind Science and Technology Co., Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Direct Drive Wind Turbine Report Scope