Direct Drive Wind Turbine Market | Page 5

Global Non-Volatile Memory Market Research Report: Forecast to 2023
Also, increased awareness of renewable energy usage serves to propel the market growth. in addition, large
number of plant managers focus on enhancing operational efficiency and reducing maintenance costs,
which directly triggers the market growth in the region.
MRFR reports that the North America market is highly lucrative on account of installation base and
revenues. Constant technological advancements, product development and mergers and acquisition among
well-established market players bode well with the market growth in the region. Increasing demand for
low-cost, renewable source of energy is one of the major factors fueling the market growth as well.
Industry Updates:
Brazilian electrical equipment manufacturer WEG SA has acquired the Energy Storage System (ESS)
business of US-based Northern Power Systems Corp. 13 FEB 2019
On the basis of Siemens Gamesa Renewable Energy (SGRE) Offshore Direct-Drive wind-turbine platform,
the new SG 8.0-167 DD offshore turbine variant can meet the full range of technical conditions present in
waters along the U.S. coasts and in the Great Lakes. The new variant has been tailored for US market
conditions. 16 OCT 2018
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