The direct drive wind turbine is defined as a mechanism where the power is directly transferred from the motor without any reductions, with no need for a gearbox. Analyzing the market structure, this report evaluates the future growth potential of the market.
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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 direct drive wind turbine is defined as a mechanism where the power is directly transferred from the motor without any reductions, with no need for a gearbox.
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.
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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.
Prominent Players
The key players in the global direct drive wind turbines market are Xiangtan Electric Manufacturing Group (China), Emergya Wind Technologies B.V. (The Netherlands), Siemens AG (Germany), Goldwind Science & Technology Co. Ltd. (China), Leitwind AG (Italy), ENERCON GmbH (Germany), VENSYS Energy AG (Germany), Windtronics LLC (U.S.) and American Superconductor Corporation (U.S.) and others.
Global Direct Drive Wind Turbine Industry Segmentation
The global direct drive wind turbine market is segmented on the basis of capacity, technology and region.
The capacity is sub-segmented into less than 1MW, 1MW to 3MW, and more than 3MW. While on the basis of technology, the market is segmented on the basis of electrically excited synchronous generator and permanent magnet synchronous generator. The permanent magnet synchronous generator technology is anticipated to experience a significant growth over the forecast period due to the increase in offshore activities.
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 Outlook
The regional segmentation of the global direct drive wind turbine market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). Europe is the largest regional market that is expected to expected to retain its position during the forecast period due to its efficient utilization of renewable energy sources used. Many key market players are also operating in European countries. Other factors contributing to the market growth are favorable government regulations and the massive revenue contribution from countries such as France, Ireland, Spain, and the UK, followed by the remaining countries of Europe.
The second most important regional market is the Asia Pacific region because the adoption of gearless wind turbines is increasing in the emerging economies like China and India due to the growing energy needs in the region. In this region, the market is growing due to continuous capacity additions to the existing industry participants. The increased awareness of renewable energy usage is also contributing to the market growth.
In North America, the market is strong due to the presence of established industries, the government encouraging the use of eco-friendly technology, and the presence of many key market players. The key country-specific markets in this region are the USA, Canada, and Mexico, followed by the remaining countries in North America.
Industry Development
Siemens Gamesa Renewable Energy SA has recently confirmed that it has received a 235-MW wind turbine supply order for the Overturingen project in Sweden. The company will deliver, install and service 56 units of the SWT-DD-130 direct-drive wind turbine of 4.2 MW each, on a 155-metre hub height tower. The wind turbine will be built at a site in Ange community, situated between the cities of Sundsvall and Ostersund.
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