A recent report published by Infinium Global Research on direct drive wind turbine market provides an in-depth analysis of segments and sub-segments in the global as well as regional direct drive wind turbine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional direct drive wind turbine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global direct drive wind turbine market. According to the report, the global direct drive wind turbine market is projected to grow at a CAGR of 11.5% over the forecast period of 2019-2025.
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 cost of direct drive wind turbines are 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).
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.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of direct drive wind turbine market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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