All updated as on -
In 2022, the direct drive wind turbine market is predicted to be worth $13.9 billion. The Direct Drive Wind Turbine market is expected to grow from $15.7 billion in 2023 to $33.0 billion in 2030, a CAGR of 11.10%. An increasing number of wind turbine manufacturers are focusing on creating new turbines with higher power ratings specifically for offshore applications, which is the key factor fueling market expansion.
The kinetic energy of the wind can be converted into electricity using a device called a wind turbine. The axes of wind turbines can be either horizontal or vertical. Wind farms, which consist of hundreds of thousands of big turbines, generate 650 GWh of power and add another 60 GWh annually. A gearbox is not necessary for the direct drive wind turbine because it is a low-speed generator. Because they lack a gearbox, these turbines have a number of advantages over their traditional counterparts, including being easier to transport and maintain. Most direct drive wind turbines use a permanent magnet type generator due to its high durability and low weight, making it ideal for usage in offshore settings. The expansion of the direct drive wind turbine market is anticipated to be driven by the benefits mentioned above.
There is a subset of wind turbines known as direct drive turbines. One of the cleanest forms of electricity is that generated directly from wind turbines. Energy can be harnessed from the wind by using turbines. By turning the wind into usable electricity, a wide variety of tools and appliances can be run on its output. Blades on a wind turbine are connected to a rotor, which is connected to the turbine's main shaft in order to generate rotational energy. The generator is powered by the rotation of its primary shaft. If even one part of the gearbox's elaborate mechanism wears out, the whole thing stops working. The Direct Drive Wind Turbine uses a gearless design. Because of this, it is more powerful, less noisy, and more efficient. The engine will sustain less damage, lowering the total cost of repairs. Because direct drive turbines are lighter and more cost-effective than conventional wind turbines due to the lack of a gearbox, which reduces weight and eliminates gearbox maintenance problems, the major wind power plant operators have begun to transition from conventional gearbox systems to direct drive systems.
The increasing competition among wind turbine producers is a key factor in the CAGR of the Direct Drive Wind Turbine accessories market. Rising worldwide energy demand is one factor expected to boost sales of direct drive wind turbines in the near future. Industry growth is anticipated due to favourable energy efficiency regulations, rising industrialisation, and a high percentage of renewable energy sources in the power production sector. The primary market driver for direct drive wind turbines is the growing need for clean energy worldwide, which includes policies supporting the adoption of renewable energy by different countries. The low cost of maintenance and absence of moving parts in direct-drive wind turbines will also propel the market for these machines. Rapid technological advances, such as 3D printing, floating wind turbines, and high-capacity wind turbines, could lead to cheaper offshore wind generation. These are also anticipated to provide new expansion opportunities for a wide range of firms looking to set up shop in previously unreachable offshore areas due to a lack of investment and technology.
While there are several advantages to using direct-drive wind turbines, their massive size often necessitates mechanical constraints. Due to the high torque demands, the generator in turbines with capacities between 8 and 10 MW must be heavier and larger. Inadequate bearing specifications, wide tolerances in manufacturing, and flimsy materials are just some of the possible design problems with these turbines. Therefore, many industries that rely on huge generators will likely choose for single-stage gearboxes rather than direct drive. The high price of wind turbines may also be a barrier to market growth throughout the assessment period. The increasing incorporation of cutting-edge technology into these turbines will allow for predictive maintenance and comprehensive condition monitoring. This is expected to significantly reduce operational and maintenance expenses while simultaneously increasing productivity. growing the direct drive wind turbine industry's bottom line.
The rising global demand for energy is one factor that is expected to boost the direct drive wind turbines market share in the future years. The market is expected to grow as a result of rapid industrialization, supportive legislation on energy efficiency, and a significant contribution from renewables to the power generation sector. The price of offshore wind power is expected to drop as a result of rapid technology breakthroughs including 3D printing, floating wind turbines, and high-capacity wind turbines. These developments will also pave the way for expansion potential for a wide range of businesses who are working to launch new offshore locations but lacked the necessary infrastructure and capital to get started before. Predictive maintenance and state-of-the-art condition monitoring are two benefits that are hoped to result from the continued incorporation of cutting-edge technologies into these turbines. It will likely result in fewer expenses for repairs and operations while also increasing productivity.
Report Coverage
Global Direct Drive Wind Turbine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Direct Drive Wind Turbine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Direct Drive Wind Turbine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Direct Drive Wind Turbine market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Direct Drive Wind Turbine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Direct Drive Wind Turbine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Xiangtan Electric Manufacturing Group (China), Siemens AG (Germany), GE Renewable Energy (U.S.), Emergya Wind Technologies B.V. (The Netherlands).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Direct Drive Wind Turbine market based on the below-mentioned segments:
Global Direct Drive Wind Turbine Market, By Capacity
Less than 1MW
1MW to 3MW
More than 3MW
Global Direct Drive Wind Turbine market, By Technology
Electrically Excited Synchronous Generator
Permanent Magnet Synchronous Generator
Global Direct Drive Wind Turbine market, Regional Analysis
The kinetic energy of the wind can be converted into electricity using a device called a wind turbine. The axes of wind turbines can be either horizontal or vertical. Wind farms, which consist of hundreds of thousands of big turbines, generate 650 GWh of power and add another 60 GWh annually. A gearbox is not necessary for the direct drive wind turbine because it is a low-speed generator. Because they lack a gearbox, these turbines have a number of advantages over their traditional counterparts, including being easier to transport and maintain. Most direct drive wind turbines use a permanent magnet type generator due to its high durability and low weight, making it ideal for usage in offshore settings. The expansion of the direct drive wind turbine market is anticipated to be driven by the benefits mentioned above.
There is a subset of wind turbines known as direct drive turbines. One of the cleanest forms of electricity is that generated directly from wind turbines. Energy can be harnessed from the wind by using turbines. By turning the wind into usable electricity, a wide variety of tools and appliances can be run on its output. Blades on a wind turbine are connected to a rotor, which is connected to the turbine's main shaft in order to generate rotational energy. The generator is powered by the rotation of its primary shaft. If even one part of the gearbox's elaborate mechanism wears out, the whole thing stops working. The Direct Drive Wind Turbine uses a gearless design. Because of this, it is more powerful, less noisy, and more efficient. The engine will sustain less damage, lowering the total cost of repairs. Because direct drive turbines are lighter and more cost-effective than conventional wind turbines due to the lack of a gearbox, which reduces weight and eliminates gearbox maintenance problems, the major wind power plant operators have begun to transition from conventional gearbox systems to direct drive systems.
The increasing competition among wind turbine producers is a key factor in the CAGR of the Direct Drive Wind Turbine accessories market. Rising worldwide energy demand is one factor expected to boost sales of direct drive wind turbines in the near future. Industry growth is anticipated due to favourable energy efficiency regulations, rising industrialisation, and a high percentage of renewable energy sources in the power production sector. The primary market driver for direct drive wind turbines is the growing need for clean energy worldwide, which includes policies supporting the adoption of renewable energy by different countries. The low cost of maintenance and absence of moving parts in direct-drive wind turbines will also propel the market for these machines. Rapid technological advances, such as 3D printing, floating wind turbines, and high-capacity wind turbines, could lead to cheaper offshore wind generation. These are also anticipated to provide new expansion opportunities for a wide range of firms looking to set up shop in previously unreachable offshore areas due to a lack of investment and technology.
While there are several advantages to using direct-drive wind turbines, their massive size often necessitates mechanical constraints. Due to the high torque demands, the generator in turbines with capacities between 8 and 10 MW must be heavier and larger. Inadequate bearing specifications, wide tolerances in manufacturing, and flimsy materials are just some of the possible design problems with these turbines. Therefore, many industries that rely on huge generators will likely choose for single-stage gearboxes rather than direct drive. The high price of wind turbines may also be a barrier to market growth throughout the assessment period. The increasing incorporation of cutting-edge technology into these turbines will allow for predictive maintenance and comprehensive condition monitoring. This is expected to significantly reduce operational and maintenance expenses while simultaneously increasing productivity. growing the direct drive wind turbine industry's bottom line.
The rising global demand for energy is one factor that is expected to boost the direct drive wind turbines market share in the future years. The market is expected to grow as a result of rapid industrialization, supportive legislation on energy efficiency, and a significant contribution from renewables to the power generation sector. The price of offshore wind power is expected to drop as a result of rapid technology breakthroughs including 3D printing, floating wind turbines, and high-capacity wind turbines. These developments will also pave the way for expansion potential for a wide range of businesses who are working to launch new offshore locations but lacked the necessary infrastructure and capital to get started before. Predictive maintenance and state-of-the-art condition monitoring are two benefits that are hoped to result from the continued incorporation of cutting-edge technologies into these turbines. It will likely result in fewer expenses for repairs and operations while also increasing productivity.
Report Coverage
Global Direct Drive Wind Turbine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Direct Drive Wind Turbine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Direct Drive Wind Turbine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Direct Drive Wind Turbine market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Xiangtan Electric Manufacturing Group (China), Siemens AG (Germany), GE Renewable Energy (U.S.), Emergya Wind Technologies B.V. (The Netherlands). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Direct Drive Wind Turbine Market from 2021 to 2030.
- Market Forecast for Direct Drive Wind Turbine Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Direct Drive Wind Turbine competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Direct Drive Wind Turbine
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Direct Drive Wind Turbine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Direct Drive Wind Turbine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Xiangtan Electric Manufacturing Group (China), Siemens AG (Germany), GE Renewable Energy (U.S.), Emergya Wind Technologies B.V. (The Netherlands).
Primary Target Market
- Market Players of Direct Drive Wind Turbine
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Direct Drive Wind Turbine market based on the below-mentioned segments:
Global Direct Drive Wind Turbine Market, By Capacity
Less than 1MW
1MW to 3MW
More than 3MW
Global Direct Drive Wind Turbine market, By Technology
Electrically Excited Synchronous Generator
Permanent Magnet Synchronous Generator
Global Direct Drive Wind Turbine market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive direct drive wind turbine market market research and competitor analysis for your business to help you develop more profound insights into the direct drive wind turbine market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the direct drive wind turbine market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.