Direct Drive Wind Turbine Market | Page 4

Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation
The global direct drive wind turbine market has been segmented on the basis of capacity, technology, and
lastly, region.
Based on capacity, this market has been segmented into less than 1 mega watt (MW), 1MW to 3MW, and
more than 3MW.
The technology-based segmentation segments the market into an electrically excited synchronous
generator and permanent magnet synchronous generator. During the forecast period, the permanent magnet
synchronous generator technology is expected to experience significant growth due to the increase in
offshore activities.
Regional Analysis
The global market for direct drive wind turbines is geographically spread across Asia-Pacific, North
America, Europe, and the Rest of World.
Globally, Europe has secured the top position and is predicted to retain its position throughout the forecast
period due to its impressive streak of renewable energy sources usage. Moreover, the massive contribution
from countries such as Spain, United Kingdom (U.K), France and Ireland combined with favorable
government regulations has buoyed the market growth in the region.
The growth in Europe market is followed by Asia-Pacific owing to the adoption of gearless wind turbines
in the emerging economies such as China and India with growing energy needs in the region. Furthermore,
the region observes market growth on account of continuous capacity additions to the existing industry
participants.
P a g e | 4
Copyright © 2017 Market Research Future.