The latest report on “Direct Drive Wind Turbine Market (Capacity – 1MW to 3MW, Less than 1MW, and More than 3MW; Technology – Permanent Magnet Synchronous Generator (PMSG), and Electrically Excited Synchronous Generator (EESG)): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global direct drive wind turbine market is projected to grow at a CAGR of 11.5% over the forecast period of 2019-2025.
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Direct drive wind turbines are also referred to as gearless wind turbines, which are without gearbox wind turbines. These are generally used electrically excited direct drive synchronous generator system or permanent-magnet excited direct drive generator system depending upon location, cost, and other constraints. This turbine is a better option for offshore applications, as they require to break down maintenance, less preventive, and geared wind turbines. Moreover, many direct-drive wind turbines are contained fewer parts and are contactless.
The global direct drive wind turbine market is primarily driven by the rising demand for energy, especially for renewable energy, worldwide. Moreover, the gearless wind turbine is a noticeably efficient and direct drive wind turbines overall weight is substantially low as compared to geared counterparts are expected to fuel market growth in the near future.
However, setting up the cost of direct drive wind turbines is substantially more due to the technology costs, utilization of rare neodymium magnets and large size of generators are expected to hinder the demand for global direct drive wind turbine market. Nonetheless, the gearless turbine fields R&D initiatives have resulted in improving installation techniques and design cost-effective turbine that has lowered the installation cost and initial investment needed in the industry is anticipated to create a new opportunity for global direct drive wind turbine market.
On the basis of region, the global direct drive wind turbine market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia-Pacific held the largest revenue share for the global direct drive wind turbine market in 2018. The Asia-Pacific is expected to exhibit the fastest-growing regional market within the projected years. On an account of China is a large revenue contributor country of the region geographically benefitted the regional market. India is also expected to experience high CAGR and contributing significantly towards regional market growth. North America is expected to witness significant growth in the near future owing to the U.S. is one of the major revenue contributor countries across the globe.
The report on the global direct drive wind turbine market covers segments such as capacity, and technology. On the basis of capacity, the sub-markets include 1MW to 3MW, less than 1MW, and more than 3MW. On the basis of technology, the sub-markets include permanent magnet synchronous generator (PMSG), and electrically excited synchronous generator (EESG).
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The report provides profiles of the companies in the market such as GE Renewable Energy, Goldwind Science & Technology Co. Ltd., Xiangtan Electric Manufacturing Group, Leitwind AG, Siemens AG, ENERCON GmbH, Emergya Wind Technologies B.V., Windtronics LLC, American Superconductor Corporation, and VENSYS Energy AG.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the direct-drive wind turbine.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.