Direct Drive Wind Turbine Market Synopsis Market Research Future (MRFR), in its latest “Direct Drive Wind Turbine Market� report, states that the global market of direct drive wind turbine is expected thrive at about 11.5% CAGR during the forecast period (2017-2022). Wind is a clean resources for the generation of alternative energy. The depletion of fossil fuel is surging the need for alternative and clean resources. This is supporting the need for the generation of electricity by wind turbines that is expected to propel the global direct drive wind turbine market. Increase in the need for renewable energy across the globe is another factor that is expected to drive the growth of the direct drive wind turbine market. In addition, increase in environmental sensitivity, costeffective wind power generation, and governments supporting financially can bolster the expansion of the worldwide direct drive wind turbine market. On the contrary, the major issue the market is likely to encounter the generation of the initial capital for investments. However, technological support are aiding in redesigning turbine structure and develop cost-effective installation techniques. This are noted to considerably reduce the initial capital investment price. This is expected to counter the momentary slow down of the global direct drive wind turbine market. Market Segmentation The global market of Direct Drive Wind Turbine Market Research report is assessed by capacity and technology. The capacity-based segments of the market are less than 1MW, 1MW to 3MW, and more than 3MW. The technology-based market segments are permanent magnet synchronous generator and electrically excited synchronous generator. The permanent magnet synchronous generator technology segment is anticipated to contribute to the expansion of the direct drive wind turbine market. The increase in the application of permanent magnet synchronous generator technology and rise in the number of offshore activities are expected to contribute significantly to the expansion of the global market in the forecast period. Regional Analysis Asia Pacific, Europe, North America, and the Rest of World are the regional segments of the direct drive wind turbine market. MRFR studied the market across these regions to understand the area-specific progress of the market. In Europe, the market is expected to thrive at a high CAGR during the assessment period. According to MRFR study, Europe is likely to lead the global direct drive wind turbine market in the forecast period. It is due to the increase in the usage of renewable energy sources that the market in Europe is expected to experience surge. After Europe, the market in Asia Pacific is expected to experience a high CAGR in the review period. The growing adoption of gearless wind turbines across APAC countries due to the increase in the need for renewable energy are expected to support expansion of the global direct drive wind market. Increase in awareness of renewable energy usage, the presence of a large number of windmills, growing focus on improving operational efficiency, and reduction in maintenance costs are expected to be additional drivers for the global direct drive wind turbine market. In North America, the market is expected to be highly lucrative. Technological advancements, and launch of new products are likely to support the expansion of the direct drive wind turbine
market. Mergers and acquisition, and the existence of well-established market players are expected to impel the growth of the market growth in North America. The rise in demand for affordable, and renewable energy across the US is another major cause for the market growth. Key Players MRFR profiled companies that are operating successfully in the global direct drive wind turbines market. They are; Emergya Wind Technologies B.V. (The Netherlands), Xiangtan Electric Manufacturing Group (China), Goldwind Science & Technology Co. Ltd. (China), Siemens AG (Germany), ENERCON GmbH (Germany), Leitwind AG (Italy), Windtronics LLC (U.S.), VENSYS Energy AG (Germany), American Superconductor Corporation (U.S.), and others. Access Full Report at: https://www.marketresearchfuture.com/reports/direct-drive-windturbine-market-2465
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