The global direct drive wind turbine market is anticipated to grow at a CAGR of 15.1% during the forecast period. Increasing demand for wind power owing to the rising population and rising use of a renewable source of energy, coupled with funding provided by government authorities to public and private regulatory bodies is one of the major factors that propel the growth of the market. For instance, in July 2022, the US government entered into a partnership with the Gulf of Mexico for developing offshore wind farms on the coast of Texas, and Louisiana, that produces energy and provides energy to 3 million homes. One of the new wind projects will be developed 24 nautical miles off the coast of Galveston, covering a total of 546,645 acres, bigger than the city of Houston, with the potential to power 2.3 million homes, according to the US Interior Department’s Bureau of Ocean Energy Management. The other project will be developed near Port Arthur, about 56 nautical miles off the coast of Lake Charles, Louisiana, covering 188,023 acres with the potential to power 799,000 homes.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/direct-drive-wind-turbine-market
Adding the major vendors which include Rockwell Automation Inc., Vensys Energy AG, and Shanghai Electric are focusing on adopting various strategic moves such as mergers and acquisitions, collaboration, and partnerships to remain competitive in the marketplace. For instance, in October 2021, Shanghai Electric released its latest offshore turbine model, Petrol platform SEW11.0-208, at a forum themed around "zero carbon" that invited the leaders in China's wind power industry to shed light on opportunities in the context of China's commitment to carbon emissions reduction. SEW11.0-208 is the first offshore wind turbine to take full advantage of the prowess of Shanghai Electric's self-developed Petrel platform that is purpose-built to withstand high temperatures, humidity, and salt, as well as changeable and complex marine environments such as earthquakes and typhoons.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2021-2028
• Segment Covered-
o By Capacity
o By Technology
o By Application
• Regions Covered-
o North America
o Europepe
o Asia-Pacific
o Rest of the World
• Competitive Landscape includes- ABB, Alstom Holdings, Avanti Energy Inc., GE, Siemens AG, Enercon Gmbh, Goldwindand others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Direct Drive Wind Turbine Market– Segmentation
By Capacity
By Technology
by Application
Global Direct Drive Wind Turbine Market by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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