Market Research Future (MRFR) forecasts that the global direct drive wind turbine market is expected to grow phenomenally at approximately 11.5% CAGR during forecast period (2017-2022). The wind being one of the cleanest sources of power generation, is used to generate electricity by wind turbines. Increasing demand for renewable energy across the globe has majorly attributed to the growth of the direct drive wind turbine market. Moreover, depleting fossil fuel reserves, increasing environmental sensitivity, low cost of wind power generation and financial support from governments across the globe all have a knock-on effect on the global market size.
However, the only issue the market faces is the fact that the initial capital investments are on the higher side. But on the other hand, major revolutions have taken place in the recent years towards the turbine design and installation techniques, which have considerably reduced the initial capital investment cost to a fairly reasonable extent. This factor can have a positive knock-on effect on the market in the coming years.
Request for Sample @ https://www.marketresearchfuture.com/sample_request/2465
The global direct drive wind turbine market is segmented on the basis of capacity, technology and region.
The capacity is sub-segmented into less than 1MW, 1MW to 3MW, and more than 3MW. While on the basis of technology, the market is segmented on the basis of electrically excited synchronous generator and permanent magnet synchronous generator. The permanent magnet synchronous generator technology is anticipated to experience a significant growth over the forecast period due to the increase in offshore activities.
The global market for direct drive wind turbines is geographically spread across Asia-Pacific, North America, Europe, and the Rest of World.
Globally, Europe has secured the top position and is predicted to retain its position throughout the forecast period due to its impressive streak of renewable energy sources usage. Moreover, the massive contribution from countries such as Spain, United Kingdom (U.K), France and Ireland combined with favorable government regulations has buoyed the market growth in the region.
The growth in Europe market is followed by Asia-Pacific owing to the adoption of gearless wind turbines in the emerging economies such as China and India with growing energy needs in the region. Furthermore, the region observes market growth on account of continuous capacity additions to the existing industry participants. Also, increased awareness of renewable energy usage serves to propel the market growth. in addition, large number of plant managers focus on enhancing operational efficiency and reducing maintenance costs, which directly triggers the market growth in the region.
MRFR reports that the North America market is highly lucrative on account of installation base and revenues. Constant technological advancements, product development and mergers and acquisition among well-established market players bode well with the market growth in the region. Increasing demand for low-cost, renewable source of energy is one of the major factors fueling the market growth as well.
Enquiry before Buying @ https://www.marketresearchfuture.com/enquiry/2465
The key players in the global direct drive wind turbines market are Xiangtan Electric Manufacturing Group (China), Emergya Wind Technologies B.V. (The Netherlands), Siemens AG (Germany), Goldwind Science & Technology Co. Ltd. (China), Leitwind AG (Italy), ENERCON GmbH (Germany), VENSYS Energy AG (Germany), Windtronics LLC (U.S.) and American Superconductor Corporation (U.S.) and others.
Siemens Gamesa Renewable Energy SA has recently confirmed that it has received a 235-MW wind turbine supply order for the Overturingen project in Sweden. The company will deliver, install and service 56 units of the SWT-DD-130 direct-drive wind turbine of 4.2 MW each, on a 155-metre hub height tower. The wind turbine will be built at a site in Ange community, situated between the cities of Sundsvall and Ostersund.
7 Competitive Analysis
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Type/Service Benchmarking
7.3 GE Renewable Energy (U.S.)
7.3.2 Type/Service Offering
7.4 Siemens AG (Germany)
7.4.2 Type/Service Offering
7.5 Goldwind Science & Technology Co. Ltd. (China)
7.5.2 Type/Service Offering
7.6 Leitwind AG (Italy)
7.6.2 Type/Service Offering
7.7 ENERCON GmbH (Germany)
7.7.2 Type/Service Offering
7.8 Xiangtan Electric Manufacturing Group (China)
7.8.2 Type/Service Offering
7.9 Emergya Wind Technologies B.V (The Netherlands)
7.9.2 Type/Service Offering
7.10 VENSYS Energy AG (Germany)
7.10.2 Type/Service Offering
7.11 Windtronics LLC (U.S.)
7.11.2 Type/Service Offering
7.12 American Superconductor Corporation (U.S.)
7.12.2 Type/Service Offering
Read Full Information on the Global Direct Drive Wind Turbine Market @ https://www.marketresearchfuture.com/reports/direct-drive-wind-turbine-market-2465
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
+1 646 845 9312
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar