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Direct Drive Wind Turbines Industry Analysis, Market Growth, Trends and Forecast by 2020

Press Release   •   Jan 18, 2016 18:34 IST

The shift from non-renewable source of energy to the environmental friendly renewable sources of energy is expected to fuel the global direct drive wind turbine market in the coming years. The market is expected to grow in the coming years owing to various grant and incentives offered by the governments across the globe to boost the energy production from renewable sources.

A wind turbine is used to produce energy. The mechanism consists of conversion of kinetic energy from the wind to electric power. The power generated is either supplied to an online grid or stored in batteries for later consumption. Technological development has enabled the manufacturing of wind turbine in horizontal and vertical axis types. In a direct drive wing turbine, the power is directly obtained from a motor without any alteration by a gearbox. The elimination of a gear box from wing turbine systems leads to high part load system efficiencies, which in turns helps in increasing return on investments. Other benefit of eliminating a gear box is reduction in overall maintenance cost. The use of turbines can be from charging a battery for powering a boat or traffic lights to running large turbines. The development of wind farms are becoming an essential part of a country’s power generation plans. Due to increased investments in wind turbines farms, the power generated by wing turbines is occupying a substantial share in the global energy bucket.

On the basis of turbine capacity, the global direct drive turbine market can be segmented into less than 1 Mega Watt (MW) size, 1 MW to 3 MW, and more than 3 MW. The global direct drive wind turbines market is expected to be dominated by the wind turbine segment with less than 1 MW size. On the basis of installation, the global direct drive winds turbine market can be segmented into offshore and onshore. Onshore is expected to be the market leader in terms of installation capacity of direct drive wind turbines. However, high investments are being made in offshore wind energy farms. Europe is expected to be the leading player in term of power generation from wind turbines followed by Asia Pacific and North America. Some of the major wind power generating countries across the globe is Spain, Germany, United Kingdom, France, Ireland and U.S. among others. In Asia Pacific, the market is expected to be dominated by the China followed by India. Africa is expected to be the least attractive region for the direct drive wind turbine market during the forecast period.

Some of the factors accelerating the global direct drive wind turbine market during the forecast period are technological improvements, government support and reducing dependency on conventional sources of energy. In addition to these, lower maintenance requirements and product developments have also supported the growth. With increasing investments in offshore wind projects, the global direct drive market has an opportunity to grow in the coming year.

Download Research Brochure on Direct Drive Wind Turbines: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=39

Some of the key players in the global direct drive wind turbines market are Siemens AG, Leitwind AG, General Electric, Goldwind Science & Technology Co., Ltd., ENERCON, ALSTOM, M.Torres Disenos Industriales S.A.U., Xiangtan Electric Manufacturing Group, Quantum Wind Power, SETEC GmbH and EWT among others.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.