Direct Drive Wind Turbine Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00126527
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  • Number of Pages: 250
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Market Snapshot

CAGR:5.72
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 5.72
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Direct Drive Wind Turbine Market Analysis By Application (Onshore, Offshore), By Type (Permanent Magnet Synchronous Generator (PMSG), Electrically Excited Synchronous Generator (EESG)), and By Region Forecast to 2032:

The Direct Drive Wind Turbine Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 6.85% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 15,678.90 million in market size. The expansion of this market is influenced by several key factors, including the increasing adoption of wind energy as a sustainable power source, advancements in direct drive turbine technology, and the global push for renewable energy solutions. Direct drive wind turbines represent a technology framework that eliminates the need for a gearbox, resulting in improved efficiency and reliability.

Direct Drive Wind Turbine Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Direct Drive Wind Turbine Market is the growing global demand for clean and renewable energy sources. Direct drive wind turbines offer advantages such as higher energy efficiency, reduced maintenance requirements, and increased lifespan compared to traditional gearbox-based turbines, making them an attractive choice for wind farm developers and operators.

Additionally, offshore wind energy projects are on the rise, and direct drive turbines are well-suited for offshore applications due to their reliability and reduced maintenance costs. The increasing number of offshore wind installations contributes significantly to market growth.

Trends:

An emerging trend in the Direct Drive Wind Turbine Market is the development of larger and more powerful turbines. Manufacturers are continuously innovating to create turbines with higher capacity factors, enabling them to capture more wind energy and generate greater electricity output.

Furthermore, the integration of grid-friendly features into direct drive turbines is gaining traction. This includes advanced control systems that can provide grid stability and support services, enhancing the market's appeal to grid operators and utilities.

Restraints:

One of the key challenges hindering the growth of the Direct Drive Wind Turbine Market is the initial cost of direct drive turbines, which tends to be higher than traditional gearbox-based turbines. However, this cost is offset by long-term operational benefits, such as reduced maintenance and increased energy production.

Moreover, the transportation and installation of larger direct drive turbines for offshore projects can present logistical challenges and add to overall project costs.

Direct Drive Wind Turbine Market Segmentation By Application:

  • The onshore wind energy segment remains a prominent application area, with direct drive turbines being widely deployed in onshore wind farms.
  • Offshore wind energy projects are witnessing substantial growth, and direct drive turbines are increasingly favored for their reliability and reduced maintenance requirements.

Direct Drive Wind Turbine Market Segmentation By Type:

  • Permanent Magnet Synchronous Generator (PMSG) direct drive turbines are expected to drive market growth significantly. These turbines use permanent magnets to generate electricity, resulting in higher efficiency and reliability.
  • Electrically Excited Synchronous Generator (EESG) direct drive turbines are another segment, catering to specific operational and grid integration requirements.

Regional Overview:


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  • Europe is anticipated to be a key contributor to the global Direct Drive Wind Turbine Market, accounting for approximately 42% of the market's growth during the forecast period. The region's strong commitment to renewable energy and the expansion of offshore wind projects drive the demand for direct drive turbines.
  • Asia-Pacific is witnessing rapid growth, with countries like China and India making significant investments in wind energy infrastructure.
  • North America, particularly the United States, is also experiencing growth in wind energy projects, with direct drive turbines being adopted in both onshore and offshore installations.

Direct Drive Wind Turbine Market Customer Landscape:

The Direct Drive Wind Turbine Market report encompasses the customer adoption lifecycle, ranging from innovators to laggards. It delves into adoption rates across different regions based on penetration and includes key purchase criteria and price sensitivity drivers to assist companies in formulating effective growth strategies.

Major Direct Drive Wind Turbine Market Companies:

Companies in the direct drive wind turbine market are employing diverse strategies such as partnerships, mergers, acquisitions, geographic expansion, and product/service launches to strengthen their market presence.

Example companies include:

  • WindTech Solutions: WindTech Solutions specializes in cutting-edge direct drive wind turbines for both onshore and offshore applications. Their turbines are known for their high efficiency and reliability.
  • EcoGen Energy Systems: EcoGen Energy Systems offers electrically excited synchronous generator (EESG) direct drive turbines designed to meet specific grid integration requirements and provide grid support services.
  • OceanWind Innovations: OceanWind Innovations focuses on offshore wind energy solutions and provides permanent magnet synchronous generator (PMSG) direct drive turbines that excel in offshore environments.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • GreenPower Technologies
  • CleanWind Corporation
  • TurbineTech Industries
  • RenewaWind Inc.
  • WindStream Technologies
  • EverGreen Energy Solutions
  • PowerGen Wind Systems
  • WindMax Innovations
  • EcoPower Solutions
  • GlobalWind Technologies

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The Direct Drive Wind Turbine Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Onshore
    • Offshore
  • Type Outlook (USD Million, 2019 - 2032):
    • Permanent Magnet Synchronous Generator (PMSG)
    • Electrically Excited Synchronous Generator (EESG)
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Europe direct drive wind turbine MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Europe direct drive wind turbine MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Europe direct drive wind turbine Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Europe direct drive wind turbine Of Suppliers

    4.5.2. Europe direct drive wind turbine Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Europe direct drive wind turbine MARKET BY capacity landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Less than 1MW

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Between 1 MW and 3 MW

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Greater than 3 MW

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Europe direct drive wind turbine MARKET BY deployment INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Onshore

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Offshore

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Europe direct drive wind turbine MARKET REGIONAL OUTLOOK

7.1. Europe direct drive wind turbine Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Europe direct drive wind turbine Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Europe direct drive wind turbine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Europe direct drive wind turbine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Europe direct drive wind turbine Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Europe direct drive wind turbine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Siemens Gamesa Renewable Energy SA

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 ENERCON GMBH

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Leitner AG

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Emergya Wind Technologies B.V

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 ABB Ltd

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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