Global Direct Drive Wind Turbine Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Direct Drive Wind Turbine Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Capacity (Less than 1 MW, 1 MW - 3 MW, and Greater than 3 MW), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Direct Drive Wind Turbine Market was valued at USD 17,385.1 million in 2023 and is expected to reach USD 57,786.6 million by 2031 while growing at a CAGR of 16.2% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global direct drive wind turbine market growth. A Direct Drive Wind Turbine directly connects the generator to the rotor, eliminating the need for a gearbox used in traditional turbines. This design simplifies the system by coupling the generator directly with the turbine rotor, bypassing the intermediary gearbox.
Increasing efficiency, reliability, and enhanced energy conversion drive the growth of the direct drive wind turbine market. However, obstacles like higher initial costs and technological maturity, along with the learning curve, may hinder market expansion.
Furthermore, the global direct drive wind turbine industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Capacity Analysis
The Global Direct Drive Wind Turbine Market is segmented among Less than 1 MW, 1 MW - 3 MW, and Greater than 3 MW, and Other Technologies, based on Capacity. In 2023, 1 MW - 3 MW accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Direct Drive Wind Turbine Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are ABB Ltd, Siemens Gamesa Renewable Energy SA, Rockwell Automation Inc, Bachmann Electronic GmbH, Avantis Energy Group, Goldwind Science & Technology Co. Ltd, Emergya Wind Technologies BV, Northern Power System, Enercon GmbH, M. Torres Olvega Industrial, and ReGen Powertech Pvt. Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Direct Drive Wind Turbine Market Dynamics
Drivers
Restraints
Opportunity
4. Global Direct Drive Wind Turbine Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Direct Drive Wind Turbine Market Segmentation, By Capacity
Global Direct Drive Wind Turbine Market Share Analysis, By Capacity
Global Direct Drive Wind Turbine Market Growth Analysis, By Capacity
Global Direct Drive Wind Turbine Market Trends, By Capacity
o Less than 1 MW
o 1 MW - 3 MW
o Greater than 3 MW
6. Global Direct Drive Wind Turbine Market Segmentation, By Region
Global Direct Drive Wind Turbine Market Share Analysis, By Region
Global Direct Drive Wind Turbine Market Growth Analysis, By Region
Global Direct Drive Wind Turbine Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
7. Competitive Landscape
ABB Ltd*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Siemens Gamesa Renewable Energy SA
Rockwell Automation Inc
Bachmann electronic GmbH
Avantis Energy Group
Goldwind Science & Technology Co. Ltd
Emergya Wind Technologies BV
Northern Power System
Enercon GmbH
M. Torres Olvega Industrial
ReGen Powertech Pvt. Ltd
*Similar analysis will be provided for each company listed above.