USD 13.9 Billion
Direct Drive Wind Turbine Market Size, Share, Growth Analysis, By Technology(Permanent Magnet Synchronous Generator and Electrically Excited Synchronous Generator), By Capacity(Less than 1 MW, 1-3 MW), By Application(Onshore and Offshore) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2244 |
Region:
Global |
Published Date: April, 2024
Pages:
200
|
Tables:
86 |
Figures:
74
Direct Drive Wind Turbine Market Insights
Global Direct Drive Wind Turbine Market size was valued at USD 13.9 Billion in 2022 and is poised to grow from USD 15.3 Billion in 2023 to USD 33.04 Billion by 2031, growing at a CAGR of 10.10% in the forecast period (2024-2031).
The global direct drive wind turbine market is influenced by numerous dynamic factors that shape its growth trajectory and competitive landscape. Continuous technological advancements and innovations are driving the growth of direct wind turbine technology. Manufacturers are focusing on increasing turbine efficiency, reliability and life through innovations such as permanent magnet generators, direct drive systems etc. These improvements are aimed at reducing maintenance costs, improving power production and increasing the overall competitiveness of direct drive wind turbines compared to their conventional geared counterparts. Growing demand for clean and sustainable energy is a major driver of the global market. Governments around the world are implementing renewable energy targets and policies to reduce carbon emissions and combat climate change. Direct wind operation, which is more efficient and requires less maintenance, is increasingly popular with wind energy projects, especially in areas where wind resources are abundant. Cost reduction is an important factor influencing the adoption of direct wind turbines. Manufacturers are focusing on economies of scale through large-scale production, technological improvements and supply chain optimization. Reducing the cost of energy (LCOE) is essential to make wind power more competitive with conventional power, which is driving investment in direct drive turbine technology.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Onshore
Fastest Growth
Offshore
Growth Rate
10.10% CAGR
Global Direct Drive Wind Turbine Market ($ Bn)
Country Share for North America Region (%)
Global Direct Drive Wind Turbine Market By Application ($ Bn)
Global Direct Drive Wind Turbine Market By Application (%)
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Direct Drive Wind Turbine Market Segmental Analysis
Based on technology, the global direct drive wind turbine market can be segmented into permanent magnet synchronous generator and electrically excited synchronous generator. Based on its capacity, the global direct drive wind turbine market can be segmented into less than 1 MW, 1-3 MW, and more than 3 MW. Based on its application, the global direct drive wind turbine market can be segmented into onshore and offshore. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
Analysis by Technology
PMSGs are the dominating segment in the market and are known for their efficiency mainly due to the absence of rotor lead loss. PMSGs are typically smaller and lighter than their counterparts, helping to reduce overall turbine weight. PMSGs require less maintenance due to the absence of brush slip rings. PMSG is commonly used in direct-drive wind turbines, where the generator is coupled directly to the turbine rotor without the need for a gearbox. This direct drive system eliminates the gearbox, reduces maintenance requirements, and improves overall system reliability.
PMSGs are particularly suited for offshore wind turbines, where maintenance can be difficult and expensive.
EESG is the fastest growing segment which provides fine control of generator characteristics, allowing fine tuning of wind conditions. EESGs can provide additional features such as reactive power control, which contribute to grid stability. EESGs have been used in the direct application of some wind turbines, allowing flexibility in control and grid integration. These generators allow greater control of power output and system dynamics, making them suitable for applications where grid requirements are stringent. The choice between PMSG and EESG is usually based on the specific application and wind farm requirements. The direct-use wind turbine market has seen a shift towards PMSGs, especially for offshore installations, due to their compact design and low maintenance.
Analysis by Application
The onshore segment plays an important role in the market, contributing to the overall growth and development of the wind energy industry. Onshore wind farms, where turbines are installed onshore, generally cost less to build and maintain than offshore projects. Direct onshore wind turbines can provide a competitive advantage by reducing the need for complex support structures, such as offshore foundations and basements. Compared to offshore projects, onshore wind turbines are generally easier to set up and connect to the lines. This simplicity helps accelerate project development and provides a streamlined network integration process.
The offshore sub-segment is expected to increase rapidly due to the ever-increasing demand for clean energy after global pollution increases and subsequent health concerns. Furthermore, government policies and policies emphasizing tax breaks and other such incentive schemes are emerging as key motivators for public and private sector operators in the offshore wind market. Currently the federal government offers several tax incentives for wind projects. These incentives are administered by the Treasury Department's Internal Revenue Service (IRS). Companies that begin construction of a site-based wind energy system before Dec. 31, 2021, are eligible for the Federal Business Energy Investment Tax Credit (ITC) associated with the full-value sector, like Energy.
Global Direct Drive Wind Turbine Market By Application (%), 2022 (%)
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Direct Drive Wind Turbine Market Regional Insights
The North America region in the global direct drive wind turbine market will be driven by the entry of leading manufacturers, increased government support to encourage the adoption of environmentally friendly technologies, and US-based companies. coming in to provide fast sales in this segment will comply. The North America region is expected to hold the largest share of the market. Growth in this sector is due to rapid expansion of wind infrastructure, implementation of offshore wind power projects and moreover, key players adopting various strategies such as expansion, partnership and investment at their presence will further support market growth in the region. For example, in December 2021, Governor Ned Lamont announced that U.S. Department of Commerce's Economic Through American Rescue Plan Act's Build Back Better Regional Challenge announced first, a multistate proposal to strengthen Connecticut's offshore wind industry. The Development Administration (EDA) has been awarded $500,000 in round-robin program funds.
The Asia-Pacific region in the global direct drive wind turbine market is expected to grow at the fastest CAGR from 2024 to 2031. This is due to the conspicuous growth from countries such as India and China and the presence of wind farms in emerging countries Taiwan. The reason for the investment is that Chinese manufacturers account for about 95% of the global direct drive wind turbine market. Government incentives and policies have made China an attractive investment destination. Furthermore, the Chinese Direct Drive Wind Turbine market held the largest market share, while the Indian Direct Drive Wind Turbine market is the fastest growing market in Asia-Pacific.
Global Direct Drive Wind Turbine Market By Geography, (2024-2031)
- Largest
- Fastest
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Direct Drive Wind Turbine Market Dynamics
Drivers
Rising Variety of Wind Turbine Manufacturers to Drive the Marketplace Growth
- The growing number of wind turbine producers drives marketplace CAGR for Direct Drive Wind Turbine dietary supplements. The excessive strength call for globally is an extensive element this is expected to propel the direct force windmills marketplace proportion within the approaching years. Favorable regulations on power efficiency, Rapid industrialization, and an excessive share of renewables in the power era quarter are probable to enhance the market. The primary market motive force for the direct force wind turbine market is the growing demand for clean electricity around the arena, which has policies favoring the adoption of clean strength to be introduced in by means of various countries. Also, the low renovation and less transferring components worried in direct-force wind generators will power the direct-force wind turbine marketplace.
Growing Demand for Renewable Energy
- One of the most important drivers of the global direct drive wind turbine market is the increasing demand for renewable energy. Governments, businesses and consumers have placed a high priority on clean and sustainable energy options to reduce carbon emissions and mitigate climate change. Direct drive wind turbines offer advantages over conventional geared turbines such as increased efficiency, lower maintenance and reduced downtime due to their widespread use in the wind power industry worldwide though meet the growing demand for clean electricity to meet renewable energy targets.
Restraints
Supportive Government Policies and Incentives
- Supportive authorities' guidelines and incentives are gambling a pivotal position in driving the global marketplace for direct force wind turbines. As the arena grapples with the pressing want to transition to easy and sustainable energy assets to combat weather trade, governments around the globe are recognizing the ability of wind strength and are imposing numerous measures to promote the adoption of direct pressure wind generators. One of the key methods in which governments are supporting this market is through financial incentives. These incentives frequently come within the shape of subsidies, tax credits, or grants provided to wind energy venture builders and operators. These financial advantages serve to offset some of the upfront fees related to the set up and operation of direct force wind generators. Through decreasing financial limitations, governments inspire more corporations and investors to take part inside the wind strength area, leading to a boom in the demand for direct drive generators.
Initial Capital Expenditure
- The major restraint faced by the global direct drive wind turbine market is the high upfront costs associated with installing and operating these turbines. Although direct drive technology offers long-term benefits such as reduced maintenance costs, improved reliability for although the initial capital costs may be costly for some investors or may deter developers, especially In areas with limited financial incentives for renewables or grid infrastructure upgrades may be needed to provide wind integration but with technological advances, higher economies of scale, and supportive government policies in place reducing optical renewable energy costs can help alleviate this limitation in the long term.
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Direct Drive Wind Turbine Market Competitive Landscape
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ABB Ltd., Alstom SA, American Superconductor Corp., Avantis Energy, Bachmann electronic GmbH, etc.
Top Player’s Company Profiles
- ReGen Powertech Pvt. Ltd.
- ABB Ltd.
- Northern Power System
- Goldwind Science & Technology Co. Ltd.
- Northern Power System
- Siemens Gamesa Renewable Energy SA
- M. Torres Olvega Industrial
- Emergya Wind Technologies B.V.
- Rockwell Automation Inc.
- Enercon GmbH
- Avantis Energy Group
- Bachmann electronic GmbH
- Voith GmbH
- Emergya Wind Technologies BV
- ReGen Powertech Pvt. Ltd
- M. Torres Olvega Industrial
- Godecke Energy
- Leitwind AG
Recent Developments
- In December 2021, Siemens Gamesa obtained an order from Orsted for a German offshore wind electricity task to deliver 23 Siemens Gamesa 11.0-200 direct drive offshore wind turbines. The scope of the order consists of a 5–12-month service settlement. This order may additionally decorate the enterprise's presence within the German offshore wind enterprise.
- In January 2021, Siemens Gamesa Renewable Energy licensed its 11 MW direct drive offshore technology to United Power of China. The SG 11.0-200 DD is the latest generation of Siemens Gamesa’s offshore wind turbine division to enter serial production. Many projects in Europe have had more than 3 GW of commissions ready for this turbine model. More than 1,400 Siemens Gamesa offshore direct drive turbines have been installed in all major markets in the global industrial sector.
- In September 2021, Goldwind, one of China’s largest wind turbine manufacturers, unveiled its first 8MW turbine at a ceremony at the Goldwind Technology Fujian Equipment Manufacturing Center.
Direct Drive Wind Turbine Key Market Trends
- Rise in the Technological Developments: The global direct drive wind turbine market is witnessing a significant increase in technological advancements, which are emerging as a key factor making its way. Manufacturers are actively investing in research and development efforts aimed at increasing turbine performance, reliability and overall performance. Innovations in permanent magnet generator technology, rotor design and control systems lead this trend, continuously improving power production and operational efficiencies. Furthermore, more emphasis is placed on modular scalable systems to optimize system installations, especially in harsh environments such as offshore, and simplify operational management. Furthermore, increasing their interest in various wind energy projects across the globe, digital, IoT and integration of predictive maintenance technologies represents a paradigm shift in turbine management practices to real-time monitoring, data-driven decision-making and dynamic maintenance strategies leveraging the power of data analytics to empower operators optimize turbine efficiency, maximize power output, reduce downtime, ultimately increase reliability and cost.
Direct Drive Wind Turbine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global direct drive wind turbine market is growing exponentially due to the demand for renewable energy across the globe. Direct drive turbines offer advantages such as increased efficiency, lower maintenance requirements and reduced operating time compared to conventional gear turbines, making them highly desirable for wind energy projects. Industrial developments such as permanent magnet generators and direct drive systems bring new products to the market. Reliability will also increase Despite the high initial cost of direct drive turbines, supportive government policies, renewable energy targets and the need to reduce carbon emissions will fuel market growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.9 Billion |
| Market size value in 2031 | USD 33.04 Billion |
| Growth Rate | 10.10% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Direct Drive Wind Turbine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Direct Drive Wind Turbine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Direct Drive Wind Turbine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Direct Drive Wind Turbine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Direct Drive Wind Turbine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Direct Drive Wind Turbine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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