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 global direct drive wind turbine market is expected to cross USD XX Billion Mark by the end of forecast period and is expected to grow approximately at 11.5% CAGR from 2016 to 2022. 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.

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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.

Segmentation

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.

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Regional Outlook

Europe dominates the market and expected to grow approximately at XX% CAGR during the forecast period. 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.

Key Players

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.).

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