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Direct Drive Wind Turbine Market

Market Insights on Direct Drive Wind Turbine covering sales outlook, demand forecast & up-to-date key trends

Direct Drive Wind Turbine Market By Capacity (Less than 1MW, 1MW to 3MW, More than 3MW), Technology (Permanent Magnet Synchronous Generator, Electrically Excited Synchronous Generator), Application (Offshore, Onshore) & Region - Forecast 2022 - 2032

Direct Drive Wind Turbine Market Overview

The global direct drive wind turbine market size is anticipated to be valued at US$ 18.3 Billion in 2032 and exhibit an astonishing CAGR of 16.2% from 2022 to 2032. It is set to surpass US$ 14.6 Billion in 2022. The urgent need to reduce noise, surge efficiency, and generate higher torque with low RPM is expected to boost the sales of direct drive wind turbines in the assessment period.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 13.4 Billion

Expected Market Value (2022)

US$ 14.6 Billion

Anticipated Forecast Value (2032)

US$ 18.3 Billion

Projected Growth Rate (2022-2032)

16.2% CAGR

Direct drive wind turbines are considered to be low-speed generators that are capable of eliminating the requirement of a gearbox from the drivetrain of turbines. These have several benefits, including relatively low maintenance costs and are lightweight, as compared to traditional turbines. The frequent replacement of the gearbox is eliminated with the usage of these turbines.

The surging demand for permanent magnet type generators in offshore applications owing to their high reliability and lightweight nature is expected to propel the demand for direct drive wind turbines in the near future. Favorable government norms and frequent gearbox failure are a couple of other driving factors of this market.

Direct drive wind turbines deliver reduced maintenance, higher reliability because of fewer parts, and simple drivetrain. The rising focus of multiple wind turbine manufacturers on the production of new turbines with higher power ratings for usage in offshore applications is likely to bode well for the market.

Which are Some Prominent Drivers Spearheading Drive Wind Turbine Market Growth?

The high demand for energy across the globe is a significant factor that is anticipated to propel the direct drive wind turbines market share in the forthcoming years. The rapid industrialization, favorable regulations on energy efficiency, and high share of renewables in the power generation sector are likely to augment the market.

Rapid technological advancements, such as 3D printing, floating wind turbines, and high capacity wind turbines are likely to reduce the cost of offshore wind power. These are also set to create new growth opportunities for various companies that are striving to open new offshore locations which were previously inaccessible because of the lack of technology and investment.

The ongoing integration of novel technologies in these turbines is expected to enable predictive maintenance and advanced condition monitoring. It is expected to further lead to reduced maintenance and operational costs, as well as surging efficiency.

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What are the Challenges Faced by the Drive Wind Turbine Industry?

Even though direct drive wind turbines have various advantages, their sheer physical size can often lead to mechanical constraints. In turbines with 8 to 10 MW rating, the generator becomes heavier and its size also increases because of high torque requirements.

Multiple design limitations, such as inadequate bearing requirements, manufacturing intolerances, and low material strength may occur in these turbines. Thus, many companies working with very large generators are likely to prefer single-stage gearboxes, rather than direct drive. In addition, the high cost of these turbines can hamper the global drive wind turbine market growth in the evaluation period.

Why is Asia Pacific Emerging as an Opportunistic Drive Wind Turbine Market?

Asia Pacific is anticipated to generate the largest drive wind turbine market share in the near future. The high installed capacity in China is set to be the major factor which would accelerate the market. Various government incentives and policies have made the country a vital hotspot for investment.

India is also expected to contribute to the growth in this market. According to the Ministry of New and Renewable Energy, at present, the country houses the fourth largest wind installed capacity across the globe. As of March 2021, it has the total installed capacity of about 39.25 GW and from 2020 to 2021, it has generated nearly 60.149 billion units. These numbers are projected to surge throughout the forecast period, thereby pushing the market in Asia Pacific.

Nikhil Kaitwade
Principal Consultant
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How is North America Contributing to the Growth of the Drive Wind Turbine Market?

The presence of various key manufacturers, rising government support to encourage the adoption of eco-friendly technology, and the entry of established firms in the U.S. are estimated to accelerate the sales of direct drive wind turbines in North America. The rising focus of multiple U.S.-based plant managers on the improvement of operational efficiency is anticipated to drive the market.

The high affordability of direct drive wind turbines is leading to their increasing demand from offshore farms in the U.S. These are capable of eliminating significant problems, such as ecosystem damage and noise pollution, which are often caused by windmills. Spurred by the above-mentioned factors, the market in North America is expected to grow at a rapid pace.

Market Competition

Some of the prominent companies present in the global drive wind turbine market include ReGen Powertech Pvt. Ltd., ABB Ltd., Northern Power System, Goldwind Science & Technology Co. Ltd., Siemens Gamesa Renewable Energy SA, M. Torres Olvega Industrial, Emergya Wind Technologies B.V., Rockwell Automation Inc., Enercon GmbH, Avantis Energy Group, and Bachmann electronic GmbH among others.

The global market is moderately fragmented backed by the presence of various small- and large-scale companies. Majority of the leading companies are aiming to attract more customers by participating in mergers and acquisitions with start-up companies. A few other players are focusing on introducing innovative products to expand their existing product portfolios and compete with their rivals. 

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Scope Of Report

Report Attribute

Details

Growth Rate

CAGR of 16.2% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Capacity
  • Technology
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • ReGen Powertech Pvt. Ltd.
  • ABB Ltd.
  • Northern Power System
  • Goldwind Science & Technology Co. Ltd.
  • 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

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Key Segments Profiled in the Drive Wind Turbine Industry Survey

By Capacity:

  • Less than 1MW
  • 1MW to 3MW
  • More than 3MW

By Technology:

  • Permanent Magnet Synchronous Generator
  • Electrically Excited Synchronous Generator

By Application:

  • Offshore
  • Onshore

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

The global drive wind turbine market is likely to surpass US$ 14.6 Billion by 2022.

Asia Pacific is expected to generate the largest share in the drive wind turbine market.

ReGen Powertech Pvt. Ltd., ABB Ltd., Northern Power System, Goldwind Science & Technology Co. Ltd., Siemens Gamesa Renewable Energy SA, and M. Torres Olvega Industrial are some of the renowned players in the global drive wind turbine market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Direct Drive Wind Turbine Market