Direct Drive Wind Turbine Market
Direct Drive Wind Turbine Market & Trends Analysis Report by Capacity (Less Than 1 MW, 1 MW to 3 MW, and More than 3 MW), by Technology (Electrically Excited Synchronous Generator, and Permanent Magnet Synchronous Generator), and by Application (Onshore and Offshore) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Direct drive wind turbine market is anticipated to grow at a CAGR of 15.1% during the forecast period. The high demand for energy across the globe is a significant factor that is anticipated to propel the direct drive of wind turbine market growth in the forthcoming years. Rapid industrialization, favourable regulations on energy efficiency, and the high share of renewables in the power generation sector are likely to augment the market. Rapid technological advancements, such as 3D printing, floating wind turbines, and high-capacity wind turbines reduce the cost of offshore wind power. These are also set to create new growth opportunities for various companies. For instance, in November 2021, Siemens Gamesa Renewable Energy licensed its 11 MW Direct Drive offshore technology to China's United Power. The SG 11.0-200 DD is the most recent generation of Siemens Gamesa’s offshore wind turbine portfolio to enter serial manufacturing. More than 3 GW of orders for this turbine model haveal ready been received for multiple projects in Europe. On a global technology level, more than 1,400 Siemens Gamesa offshore Direct Drive turbines have been installed in all major markets.
Segmental Outlook
The global direct drive wind turbine market is segmented based on capacity, technology, and application. Based on capacity, the market is bifurcated into less than 1 MW, 1MW to 3 MW, and more than 3 MW. Based on technology, the market is sub-segmented into electrically excited synchronous generators and permanent magnet synchronous generators. Based on application, the market is bifurcated into onshore, and offshore.
Among the application segment, the offshore sub-segment is expected to grow at a significant rateowing to an ever-increasing demand for clean energy inthe wake of high levels of pollution globally and the subsequent health concerns. Moreover, Government policies and regulations emphasizingtax rebates and other such encouraging policies are also proving to be major incentives for the public, and private companies operating in the offshore wind turbine market.The federal government is currently offering several tax incentives for wind projects. The Department of the Treasury's Internal Revenue Service (IRS) administers these incentives.Businesses that begin construction on land-based wind energy systems by December 31, 2021, are eligible for either the federal Business Energy Investment Tax Credit (ITC), tied to the total value of the facility, or the federal Renewable Electricity Production Tax Credit (PTC), tied to the energy produced over ten years, as per Energy.Gov.
Regional Outlooks
The global direct drive wind turbine market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The European region is expected to maintain its dominance in the global direct drive wind power market. The region attracts significant investment from countries such as Italy, the UK, and Germany. Moreover, the government policy and incentives have made Europe a favourable hotspot for investment. Europe installed 17 GW of new wind capacity in 2021, 81% of the wind installation in Europe last year was the onshore wind. Sweden, Germany, and Turkey built the most onshore wind, as per the Wind Europe report.
Global Direct Drive Wind Turbine Market Growth, by Region 2022-2028
The North American is the Prominent Region in the Global Direct Drive Wind Turbine Market
The North American region is expected to hold a prominent share in the market. The growth in the region is mainly attributed owing to rapid wind infrastructure expansion and implementation of offshore wind turbine power projects. Moreover, the presence of major key players that adopt various strategies such as expansion, partnership, and funding, will further aid in the market growth in the region. For instance, in December 2021, Governor Ned Lamont announced that a multi-faceted proposal to strengthen Connecticut’s offshore wind industry has been awarded $500,000 in round one planning funds from the American Rescue Plan Act’s Build Back Better Regional Challenge through the US Department of Commerce’s Economic Development Administration (EDA). The $500,000 round one funding allows Connecticut’s coalition to develop a more detailed plan for round two consideration. Funding in round two will range from $25 million to $100 million.
Market Players Outlook
The major companies serving the global direct drive wind turbine market includeABB, Alstom Holdings, Avanti Energy Inc., GE, Siemens AG, Enercon Gmbh, Goldwindand others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance,I n February 2022, Energy Department’s Sandia National Laboratory partnered with the renewable energy industry to developTwistact technology new type of rotary electrical contact that promises to end the need for rare earth magnets in wind turbines. The National Renewable Energy Laboratory found that substituting rare-earth magnets with a wire-wound rotor and Twistact module in a 10 MW direct-drive wind turbine eliminated the need for rare earth magnets without incurring penalties in power generation efficiency or Levelized cost of energy.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global direct drive wind turbine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ABB Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Alstom Holding
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Avanti Energy Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. General Electric Co.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Siemens AG
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Direct Drive Wind TurbineMarket by Capacity
4.1.1. Less than 1MW
4.1.2. 1MW TO 3 MW
4.1.3. More than 3 MW
4.2. Global Direct Drive Wind TurbineMarket by Technology
4.2.1. Electrically Excited Synchronous Generator
4.2.2. Permanent Magnet Synchronous Generator
4.3. Global Direct Drive Wind TurbineMarket by Application
4.3.1. Onshore
4.3.2. Offshore
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Bachmann Electronic GmbH
6.2. Emergya Wind Technologies BV
6.3. Enercon GmbH
6.4. Goldwind
6.5. Lagerwey Group B.V.
6.6. Leitner SpA
6.7. Orsted Wind Power North America LLC
6.8. Rockwell Automation Inc.
6.9. Vensys Energy AG
1. GLOBAL DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2021-2028 ($ MILLION)
2. GLOBAL DIRECT DRIVE WIND TURBINEOF LESS THAN 1 MW MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL DIRECT DRIVE WIND TURBINEOF 1MW TO 3 MW MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DIRECT DRIVE WIND TURBINE OF MORE THAN 3 MW MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
6. GLOBAL ELECTRICALLY EXCITED SYNCHRONOUS GENERATOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PERMANENT MAGNET SYNCHRONOUS GENERATOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL ONSHORE DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL OFFSHORE DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. NORTH AMERICAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2021-2028 ($ MILLION)
18. EUROPEAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
19. EUROPEAN DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. REST OF THE WORLD DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD DIRECT DRIVE WIND TURBINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL DIRECT DRIVE WIND TURBINE MARKET SHARE BY CAPACITY, 2021 VS 2028 (%)
2. GLOBAL DIRECT DRIVE WIND TURBINE OF LESS THAN 1 MW MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL DIRECT DRIVE WIND TURBINE OF 1 MW TO 3 MW MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL DIRECT DRIVE WIND TURBINE OF MORE THAN 3 MW MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL DIRECT DRIVE WIND TURBINE MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
6. GLOBAL ELECTRICALLY EXCITED SYNCHRONOUS GENERATOR MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL PERMANENT MAGNET SYNCHRONOUS GENERATOR MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL DIRECT DRIVE WIND TURBINE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL ONSHORE DIRECT DRIVE WIND TURBINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL OFFSHORE DIRECT DRIVE WIND TURBINEMARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DIRECT DRIVE WIND TURBINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. US DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
14. UK DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD DIRECT DRIVE WIND TURBINE MARKET SIZE, 2021-2028 ($ MILLION)
