The depletion of fossil fuel reserves has an alarming effect on the environment due to which the alternative renewable sources has gained immense importance. The wind energy is one of the cheapest renewable energy sources. So power generation from wind energy is done by harnessing the energy from the wind and is used to generate electricity from the harnessed power.
Governments across the globe are trying to promote green and clean energy usage. The availability of financial subsidies from governments is expected to drive the market. However, huge initial investments and shortage of skilled labor are the major restraints for the market growth. The global direct drive wind turbine market is expected to grow around 11.5% CAGR during the period 2016 to 2022.
Market Research Analysis
Based on capacities, the market is segmented as less than 1MW, 1MW to 3MW and more than 3MW. In which, the 1MW to 3MW segment is projected to drive the market.
Based on technologies, the market is segmented as electrically excited synchronous generator and permanent magnet synchronous generator, with the latter being projected to account for the largest market share due to its light weight feature and offshore application.
Among regions, Europe is expected to dominate the global direct drive wind turbine market with the highest CAGR owing to increased investments in wind energy sector.
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- GE Renewable Energy (U.S.),
- Siemens AG (Germany),
- Goldwind Science & Technology Co. Ltd. (China),
- Leitwind AG (Italy),
- ENERCON GmbH (Germany),
- Xiangtan Electric Manufacturing Group (China),
- Emergya Wind Technologies B.V. (The Netherlands),
- VENSYS Energy AG (Germany),
- Windtronics LLC (U.S.)
- American Superconductor Corporation (U.S.)
Test the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Direct Drive Wind Turbine Market Research Report – Forecast to 2022”
Scope of the Report
This study provides an overview of the global direct drive wind turbine market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global direct drive wind turbine market by its capacity, technology and region.
Governments across the globe are realizing the potential and long-term benefits of using the wind energy. Favorable policies are introduced by the governments to help establish and sustain wind power against cheaper alternatives. This would improve the growth of the wind energy sector, thus marking immense potential for growth of the global direct drive wind turbine market. The growing concern for energy conservation with drastically increasing population can also be attributed to the growth of global direct drive wind power market.
Key questions answered in this report
- What will the market size be in 2027 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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