Global Direct Drive Wind Turbine Market

Direct The Global Direct Drive Wind Turbine Marketwas valued at US$ XX Mn in 2016 and is expected to reach drive wind turbinesare basically wind turbines without a gearbox, hencealso called gearless wind turbines. The rotor shaft connects directly to a synchronous or constant magnet generator which helps in power generation.

Wind is a very powerful and one of the fastest-growing energy sources used worldwide. With the modern lifestyle, electricity consumption isaccelerating and there is an increasing danger from the green-house effect resulting environmental degradation. Although increasing the energy production will meet the demand, it will result inhigher strain on the non-renewable energy sources and ultimately the environment. Hence, now more than 80 countries are exploringwind energy for electricity generation.

Also, direct drive wind turbines arebecoming significant due to its convenient design making it less complex than the previous gearbox technology.

Market Dynamics

There are growing concerns about conservation of resources and saving the environment from depletion. Hence the factors like environment sensitivity, exhausting fossil fuel reserves, decreasing cost of wind power generation and the leverage of financial support from several governments worldwide are the key factors that drive the growth of the market.

One of the positive factors is also the favorable policy environment for energy transition. Governments from various parts of the world are realizing the potential and long term advantages of wind energy. Hence they have introduced various policies and incentives to promote the use of wind to generate energy. Wind being the cheapest renewable energy source compared to other similar energy sources such as solar, nuclear, and even natural gas,proves to be the prime driver of its growth.

However, wind farms are capital intensive projects and thus require significant investments. Also, the set up requires skilled labor. Scarcity of skilled labor and high set up cost limits the growth of the market.

Opportunities

One of the opportunities for this market can be the increasing R&D in direct drive generators for wind turbines. To achieve higher efficiency, the leading players are experimenting with various technologies.Better technological developments and the rise in R&D is expected to boost the demand for the next few years.

Market Segmentation

Based on Application

--> Onshore direct drive wind turbine

--> Offshore direct drive wind turbine

The offshore application showssubstantial growth opportunities due to the various benefits offered by direct drive wind turbines as compared to geared wind turbines.

Based on Generator's Mode of Operation/ Technology

--> Permanent magnet synchronous generator (PMSG)

--> Electrically excited synchronous generator (EESG)

PMSG technology is preferred over EESG as it is more reliable and consistent for offshore related applications and is also lighter in weight. As there aresubstantial growth opportunities for offshore activities, PMSG technology is estimated to witness high growth over the forecast period.

Based on Capacity

--> Small-sized direct drive wind turbine (Less than 1 MW)

--> Mid-sized direct drive wind turbine (1 to 3 MW)

--> Large-sized direct drive wind turbine (3 MW and above)

1MW-3MW segment is the dominant global direct drive wind turbine capacity market.

Regional/Geographic Analysis

The Direct Drive Wind Turbine Market revolves around major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world.Growth in automobile and aircraft production in emerging economies of Asia Pacific including India and China is predicted to provide enormous potential for market growth.

Key Players

--> ENERCON

--> GE Renewable Energy

--> Goldwind Science and Technology

--> Siemens

--> VENSYS Energy

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage