Direct Drive Wind Turbine Market Key Profile - GE Renewable Energy, Siemens AG, Goldwind Science & Technology, Leitwind AG, ENERCON GmbH, Xiangtan Electric

Market Highlights
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. 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 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. 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.

Global Direct Drive Wind Turbine Market is predicted to grow approximately at 11.5% CAGR by 2022.

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Market Research Analysis
Based on capacities, the market is segmented as less than 1MW, 1MW to 3MW and more than 3MW. In which, the 1MW to 3MW segment is projected to drive the market.
Based on technologies, the market is segmented as electrically excited synchronous generator and permanent magnet synchronous generator, with the latter being projected to account for the largest market share due to its light weight feature and offshore application.
Among regions, Europe is expected to dominate the global direct drive wind turbine market with the highest CAGR owing to increased investments in wind energy sector.

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.)
• American Superconductor Corporation (U.S.)

Market Synopsis
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.

Europe has the largest market share
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.

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Scope of the Report
This study provides an overview of the global direct drive wind turbine market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global direct drive wind turbine market by its capacity, technology and region.
By Capacity
• Less than 1MW
• 1MW to 3MW
• More than 3MW
By Technology
• Electrically Excited Synchronous Generator (EESG)
• Permanent Magnet Synchronous Generator (PMSG)
By Region
• Asia Pacific
• North America
• Europe
Rest of World

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