Direct Drive Wind Turbine Market to Grow At 11.5 % CAGR | Global Industry Forecast To 2022

Direct Drive Wind Turbine Market Research Report- Forecast to 2022

Direct Drive Wind Turbine Market to Grow At 11.5 %

CAGR | Global Industry Forecast To 2022

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Copyright Š 2018 Market Research Future.

Direct Drive Wind Turbine Market Research Report- Forecast to 2022

1 Summary Direct drive wind turbine is a mechanism where the gearbox is eliminated and the power is directly transferred from the motor without any reductions. The advantages of direct drive wind turbine are increased efficiency, reduced noise and higher torque with low rpm.

The rising demand for energy and increasing greenhouse gas emission has raised the significance of renewable energy sources such as wind energy, which will boost the growth of direct drive wind turbine market globally. Factors such as favorable government policies, growing concern for energy conservation and depleting fossil fuel reserves are expected to drive the global direct drive wind turbine market during the forecast period.

Key Players: 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.) are some of the leading players operating in this market.

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Copyright Š 2018 Market Research Future.

Direct Drive Wind Turbine Market Research Report- Forecast to 2022

2

Market Overview

The depletion of fossil fuel reserves has an alarming effect on the environment due to which the alternative renewable sources has gained immense importance. The wind energy is one of the cheapest renewable energy sources. So power generation from wind energy is done by harnessing the energy from the wind and is used to generate electricity from the harnessed power.

Governments across the globe are trying to promote green and clean energy usage. The availability of financial subsidies from governments is expected to drive the market. However, huge initial investments and shortage of skilled labor are the major restraints for the market growth.

Segments

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Copyright Š 2018 Market Research Future.

Direct Drive Wind Turbine Market Research Report- Forecast to 2022

3 Market Research Analysis Europe is the leading market and CAGR is expected to grow at approximately significant rate during the forecast period. It is due to countries such as Spain, U.K., France and Ireland, in the region that the investment is high in wind energy sector with favorable government regulations.

It is followed by Asia-Pacific due to the adoption of gearless wind turbines in the emerging nations such as China and India with growing energy needs in the region.

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Copyright Š 2018 Market Research Future.

Direct Drive Wind Turbine Market Research Report- Forecast to 2022

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Copyright Š 2018 Market Research Future.