This report provides exclusive insights into the COVID-19 impact on the Direct Drive Wind Turbine Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Direct Drive Wind Turbine Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Direct Drive Wind Turbine Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.