Direct Drive Wind Turbine Market Synopsis:
Direct drive wind turbines are manufactured without gearboxes, which facilitate the direct transfer of the power from motor without reductions. It is gaining momentum owing to several of the advantages offered by the product. In this observation offered by Market Research Future (MRFR), the global Direct Drive Wind Turbine Market is expected to strike 11.5% CAGR during the assessment period. The market is anticipated to reach a decent valuation by the end of 2022.
Gearboxes are considered to be the weakest link is wind turbines, and its elimination is presumed to increase the life span of the wind turbines. This, in turn, is expected to facilitate the expansion of the direct drive wind turbine market in the coming years. Also, the requirement for oil cooling is eliminated in direct drive wind turbines. It avoids the possibility of environmental pollution. This, in turn, is expected to catalyze the growth rate of the direct drive wind turbine market in the forthcoming years.
The elimination of gearbox helps in the frictionless flow of energy. It enhances the efficiency of the wind turbines, making it much popular among the end-users. Thus, the direct drive wind turbine market is anticipated to witness a lucrative growth trajectory over the next couple of years. Both the developed and developing nations are observed to expand their capacities of renewable power generation. It is poised to influence the market growth greatly in the years to come.
Increasing reliance on wind power for ensuring energy security is projected to catapult the direct drive wind turbine market on upward trajectory. Increasing investments in offshore wind farms are anticipated to drive the growth of the global market in the foreseeable future. However, the cost of investments in the technology is quite high, which can impede the expansion of the market across the forecast period.
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Market Segmentation:
On the basis of capacity, the direct drive wind turbine market has been segmented into less than 1MW, 1MW to 3MW, and more than 3MW.
By technology, the direct drive wind turbine market has been divided into permanent magnet synchronous generator and electrically excited synchronous generator.
Regional Analysis:
The direct drive wind turbine market, on the basis of region, has been segmented into Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). These regional segments are further narrowed down to a country-level basis. Europe is anticipated to maintain its pole position over the next couple of years. The region has been observing a rapid inclination towards the generation of renewable energy. This, in turn, is poised to emerge as the primary driver of the direct drive wind turbine market. Country-level markets such as Spain, France, United Kingdom (U.K), etc. are prognosticated to boost the growth of the regional market in Europe. Asia Pacific is emerging as a potential market. The rising adoption of direct drive wind turbines in the market is expected to expedite market during the evaluation period.
Competitive Dashboard:
GE Renewable Energy (U.S.), Goldwind Science & Technology Co. Ltd. (China), Siemens AG (Germany), Leitwind AG (Italy), Xiangtan Electric Manufacturing Group (China), ENERCON GmbH (Germany), Emergya Wind Technologies B.V. (The Netherlands), Windtronics LLC (U.S.), VENSYS Energy AG (Germany), and American Superconductor Corporation (U.S.) are the major manufacturers of the global direct drive wind turbine market.
Industry News:
In October 2019, Siemens Gamesa Renewable Energy (SGRE), a wind turbine manufacturer, has secured three contracts in Chile for the supply of wind turbines worth 359MW.
In October 2019, Taiwan’s first commercial-scale offshore wind farm, Formosa 1, has completed the installation of its twenty 6 MW wind turbines.
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