Direct Drive Wind Turbine Global Market Is Expected To Grow At Approximately 11.5% CAGR
Market Highlights:
Governments across the globe are realizing the potential and long-term benefits of using the wind energy. Favorable policies are introduced by the governments to help establish and sustain wind power against cheaper alternatives. This would improve the growth of the wind energy sector, thus marking immense potential for growth of the global direct drive wind turbine market. The growing concern for energy conservation with drastically increasing population can also be attributed to the growth of global direct drive wind power market.
The report has analyzed the market based on capacities, technologies and regions. Based on capacities, the market is segmented as less than 1MW, 1MW to 3MW and more than 3MW. Among the three, the 1 MW to 3 MW segment dominates the market with the highest share. Based on technologies, the market is further bifurcated as electrically excited synchronous generator and permanent magnet synchronous generator. With the increase in offshore activities, PMSG technology is expected to experience high growth during the forecast period. Europe, of all regions, has the largest market share based due to forefront investment countries such as Spain, U.K., Germany, Ireland and France. The global direct drive wind turbine market is expected to grow approximately at 11.5% CAGR from 2016 to 2022.
Europe has the largest market share
. The favorable governments regulations has resulted in increased investments in wind energy in the region.
Asia-Pacific is another lucrative market which is experiencing a rapid adoption of gearless wind turbines, especially from emerging economies in the region such as China and India.
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We recognize the key players in the global direct drive wind turbine market as GE Renewable Energy (U.S.), Siemens AG (Germany), Goldwind Science & Technology Co. Ltd. (China), Leitwind AG (Italy), ENERCON GmbH (Germany), Xiangtan Electric Manufacturing Group (China), Emergya Wind Technologies B.V. (The Netherlands), VENSYS Energy AG (Germany), Windtronics LLC (U.S.) and American Superconductor Corporation (U.S.).
Regional Analysis of Global Direct Drive Wind Turbine Market
Europe is the leading market CAGR is expected to grow at significant rate during the forecast period. It is due to countries such as Spain, U.K., France and Ireland, in the region that the investment is high in wind energy sector with favorable government regulations.
It is followed by Asia-Pacific due to the adoption of gearless wind turbines in the emerging nations such as China and India with growing energy needs in the region.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global direct drive wind turbine market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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