Direct drive wind turbine market is anticipated to grow at a CAGR of 15.1% during the forecast period. The high demand for energy across the globe is a significant factor that is anticipated to propel the direct drive of wind turbine market growth in the forthcoming years. Rapid industrialization, favourable regulations on energy efficiency, and the 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 reduce the cost of offshore wind power. These are also set to create new growth opportunities for various companies. For instance, in November 2021, Siemens Gamesa Renewable Energy licensed its 11 MW Direct Drive offshore technology to China’s United Power. The SG 11.0-200 DD is the most recent generation of Siemens Gamesa’s offshore wind turbine portfolio to enter serial manufacturing. More than 3 GW of orders for this turbine model haveal ready been received for multiple projects in Europe. On a global technology level, more than 1,400 Siemens Gamesa offshore Direct Drive turbines have been installed in all major markets.
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The global direct drive wind turbine market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The European region is expected to maintain its dominance in the global direct drive wind power market. The region attracts significant investment from countries such as Italy, the UK, and Germany. Moreover, the government policy and incentives have made Europe a favourable hotspot for investment. Europe installed 17 GW of new wind capacity in 2021, 81% of the wind installation in Europe last year was the onshore wind. Sweden, Germany, and Turkey built the most onshore wind, as per the Wind Europe report.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Direct Drive Wind TurbineMarket by Capacity
- Less than 1MW
- 1MW TO 3 MW
- More than 3 MW
Global Direct Drive Wind TurbineMarket by Technology
- Electrically Excited Synchronous Generator
- Permanent Magnet Synchronous Generator
Global Direct Drive Wind TurbineMarket by Application
- Onshore
- Offshore
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bachmann Electronic GmbH
- Emergya Wind Technologies BV
- Enercon GmbH
- Goldwind
- Lagerwey Group B.V.
- Leitner SpA
- Orsted Wind Power North America LLC
- Rockwell Automation Inc.
- Vensys Energy AG
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global direct drive wind turbine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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