Direct Drive Wind Turbine Market | Page 3

Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary
The direct drive wind turbine is defined as a mechanism where the power is directly transferred from the
motor without any reductions, with no need for a gearbox. Market Research Future (MRFR) has published
a research report about the global direct drive wind turbine market that calculates raise for this market at
11.5% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2022.
Analyzing the market structure, this report evaluates the future growth potential of the market. It assesses
the strategies of the key players in the market and supports the competitive developments like joint
ventures, new product developments, mergers & acquisitions, research and developments (R&D) in the
market.
The most important factor shaping the direct drive wind turbine market growth is a range of advantages
that include higher torque with low rpm, increased efficiency, and reduced noise. Other factors, carrying
out the growth of this market include depleting fossil fuel reserves, favorable government policies,
increasing greenhouse gas emission, increasing significance of renewable energy sources, growing concern
for energy conservation, and rising demand for energy.
However, the only issue the market faces is the fact that the initial capital investments are on the higher
side. But on the other hand, major revolutions have taken place in the recent years towards the turbine
design and installation techniques, which have considerably reduced the initial capital investment cost to a
fairly reasonable extent. This factor can have a positive knock-on effect on the market in the coming years.
Competitive Landscape
The key players in the global direct drive wind turbine market include American Superconductor
Corporation (USA), Emergya Wind Technologies B.V. (The Netherlands), ENERCON GmbH (Germany),
General Electrics Renewable Energy (USA), Goldwind Science & Technology Co. Ltd. (China), Leitwind
AG (Italy), Siemens AG (Germany), VENSYS Energy AG (Germany), Windtronics LLC (USA), and
Xiangtan Electric Manufacturing Group (China).
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