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Direct Drive Wind Turbine Market Size, Share & Growth [2030]
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Direct Drive Wind Turbine Market Size, Share & Growth [2030]

Segments - Direct Drive Wind Turbine Market by Capacity (Less than 1MW, 1 MW- 3 MW, and Greater than 3 MW) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

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Author : Raksha Sharma
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-2367 | 4.4 Rating | 67 Reviews | 182 Pages | Format : PDF Excel PPT

Report Description


The global direct drive wind turbine market size is projected to expand at a CAGR of 11% during the forecast period. Growth of the market is attributed to rising industrialization and rapid urbanization in emerging economies.

Direct Drive Wind Turbine Market summary

The major wind power plant operators have begun to switch from conventional gearbox systems to direct drive systems as they are lighter and cost-effective than conventional wind turbines. As it does not contain a gearbox, it reduces weight and eliminates gearbox maintenance issues. The direct drive system eliminates the problems related to gearbox failure.

  • High initial capital expenditure of wind power plants as compared to other renewable and non-renewable energy plants can create challenges for the market growth.
  • Increasing capacity of wind turbines and rising penetration of 3D printing for manufacturing of wind energy components to lower the overall cost of offshore wind power are anticipated to foster the growth of the market.
  • The innovations in the wind energy sector are hastening the global adoption of wind power, which is estimated to boost the wind turbine direct drive market during the forecast period.
  • High cost on installation and timely maintenance is estimated to hinder the market growth.
  • The integration of advanced technology into the direct drive system of wind turbines enable advanced condition monitoring and predictive maintenance, resulting in increased efficiency and lower operational and maintenance costs, which can create lucrative opportunities for the market in the projected timeline.
  • Rising trend of renewable energy is expected to propel the market growth.
  • Development of off shore wind power is anticipated to create immense opportunities for the market players during the forecast period.

Scope of the Report

The report on the global direct drive wind turbine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Direct Drive Wind Turbine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2021–2028

Segmentation

Capacity (Less than 1MW, 1 MW- 3 MW, and Greater than 3 MW)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ABB Ltd.; Siemens Gamesa Renewable Energy SA; Rockwell Automation Inc.; Bachmann electronic GmbH; Avantis Energy Group; Goldwind Science & Technology Co. Ltd.; and Emergya Wind Technologies B.V.

Direct Drive Wind Turbine Market Segment Insights:

The 1 MW- 3 MW segment to expand at a high CAGR

Based on capacities, the market is segmented into less than 1MW, 1 MW- 3 MW, and Greater than 3 MW. The 1 MW- 3MW segment accounted for a significant market share and is expected to exhibit a high CAGR during the forecast period. Increasing investment of government and private organizations for the development of wind turbines is fostering the growth of the market segment.

Direct Drive Wind Turbine Market capacity

Asia Pacific is projected to hold a major market share

In terms of regions, the global direct drive wind turbine market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. According to IRENA, Asia Pacific is on track to become the world's largest wind market by 2050, with more than half of onshore and offshore wind projects. By 2050, Asia's onshore wind capacity is expected to increase from 256 GW in 2018 to over 2,600 GW by 2050. Furthermore, Asia Pacific  is anticipated to dominate the market  due to huge investments in nations such as China and India, and Taiwan. China-based manufacturers account for roughly 95% of the global wind energy market. China has been a preferred investment for emerging players owing to government policies and incentives.

India has the world's fourth-largest installed wind power capacity. These projects are primarily located in the country's northern, southern, and western regions. The Government of India has set a target of 60 GW by 2022, and in order to meet that goal, the number of projects is projected to grow rapidly in the next years. The market in Asia Pacific is anticipated to expand at a CAGR of at least 15% during the forecast period.

Direct Drive Wind Turbine Market region

Segments

Segments Covered in the Report
The global direct drive wind turbine market is segmented on the basis of
Capacity

  • Less than 1MW
  • 1 MW- 3 MW
  • Greater than 3 MW

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

The major players in the direct drive wind turbine market include ABB Ltd., Siemens Gamesa Renewable Energy SA, Rockwell Automation Inc, Bachmann electronic GmbH, Avantis Energy Group, Goldwind Science & Technology Co. Ltd., Emergya Wind Technologies B.V.

Companies are engaging in mergers, acquisitions and partnerships to expand their market share. Participants in the industry are expected to concentrate on the development of direct drive technologies that are more efficient, flexible, and reliable.

Direct Drive Wind Turbine Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Direct Drive Wind Turbine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Direct Drive Wind Turbine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Direct Drive Wind Turbine Market - Supply Chain
  4.5. Global Direct Drive Wind Turbine Market Forecast
     4.5.1. Direct Drive Wind Turbine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Direct Drive Wind Turbine Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Direct Drive Wind Turbine Market Absolute $ Opportunity
5. Global Direct Drive Wind Turbine Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Direct Drive Wind Turbine Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Direct Drive Wind Turbine Demand Share Forecast, 2019-2026
6. North America Direct Drive Wind Turbine Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Direct Drive Wind Turbine Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Direct Drive Wind Turbine Demand Share Forecast, 2019-2026
7. Latin America Direct Drive Wind Turbine Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Direct Drive Wind Turbine Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Direct Drive Wind Turbine Demand Share Forecast, 2019-2026
8. Europe Direct Drive Wind Turbine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Direct Drive Wind Turbine Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Direct Drive Wind Turbine Demand Share Forecast, 2019-2026
9. Asia Pacific Direct Drive Wind Turbine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Direct Drive Wind Turbine Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Direct Drive Wind Turbine Demand Share Forecast, 2019-2026
10. Middle East & Africa Direct Drive Wind Turbine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Direct Drive Wind Turbine Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Direct Drive Wind Turbine Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Direct Drive Wind Turbine Market: Market Share Analysis
  11.2. Direct Drive Wind Turbine Distributors and Customers
  11.3. Direct Drive Wind Turbine Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ABB Ltd.
     11.4.2. Siemens Gamesa Renewable Energy SA
     11.4.3. Rockwell Automation Inc
     11.4.4. Bachmann electronic GmbH
     11.4.5. Avantis Energy Group
     11.4.6. Goldwind Science & Technology Co. Ltd.
     11.4.7. Emergya Wind Technologies B.V.

Methodology

Our Clients

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Microsoft
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General Electric
Honda Motor Co. Ltd.
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sinopec
Deloitte