The global direct drive wind turbine market was valued at almost USD 42 billion in 2016 and is expected to surpass USD 72 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global direct drive wind turbine market, under its power portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like ENERCON, GE Renewable Energy, Goldwind Science and Technology, Siemens, and VENSYS Energy.
According to Thanikachalam Chandrasekaran, a lead analyst for power research at Technavio, “The manufacturers in the market are developing new technologies and direct train technique is one of them. This technology offers various advantages that operate without a gearbox and has fewer moving parts compared to traditional turbines. These innovations allow the turbines to run at a higher speed.”
Direct-drive wind turbines run with the help of a generator and rotor and rotate as an integrated unit. These wind mills are light weight and have high applications in offshore wind farms across the globe. These systems require low maintenance and leading vendors like Siemens and GE are developing new technologies to improve the mechanisms of these turbines. The rising research and development activities will increase the offshore wind capacity and drive the demand for direct-drive wind turbines.
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Favorable policy environment for energy transition
The government bodies across the globe are implementing policies to promote the use and generation of energy from the wind. These policies will encourage vendors to install wind turbines as these rules will favor the possible and continuing benefits of using the wind energy. For instance, the Paris Agreement at COP21 in December 2015 has spurred governments to revise their internal targets to increase the share of renewables in the energy resources sector.
Evolution of digital wind farms
The vendors in the market are offering a combination of software and hardware integrated digital wind farms that has all the parameters to meet client-specific conditions and economics. These next generation energy sources are a digital platform that provides a completely digital infrastructure, which collects, visualizes, and analyzes the site level data. The introduction of these new models helps operators improve reliability, obtain maintenance strategy, and increase energy production.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Direct Drive Wind Turbine Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Nacelle-Mounted LIDAR Systems for Wind Industry 2017-2021
- Global Wind Automation Market 2016-2020
- Global Wind Turbine Bearing Market 2016-2020
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