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.
The global direct drive wind turbine market is segmented based on capacity, technology, and application. Based on capacity, the market is bifurcated into less than 1 MW, 1MW to 3 MW, and more than 3 MW. Based on technology, the market is sub-segmented into electrically excited synchronous generators and permanent magnet synchronous generators. Based on application, the market is bifurcated into onshore, and offshore.
Among the application segment, the offshore sub-segment is expected to grow at a significant rateowing to an ever-increasing demand for clean energy inthe wake of high levels of pollution globally and the subsequent health concerns. Moreover, Government policies and regulations emphasizingtax rebates and other such encouraging policies are also proving to be major incentives for the public, and private companies operating in the offshore wind turbine market.The federal government is currently offering several tax incentives for wind projects. The Department of the Treasury’s Internal Revenue Service (IRS) administers these incentives.Businesses that begin construction on land-based wind energy systems by December 31, 2021, are eligible for either the federal Business Energy Investment Tax Credit (ITC), tied to the total value of the facility, or the federal Renewable Electricity Production Tax Credit (PTC), tied to the energy produced over ten years, as per Energy.Gov.
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Direct Drive Wind Turbine Market Segmentation
By Capacity
- Less than 1MW
- 1MW TO 3 MW
- More than 3 MW
By Technology
- Electrically Excited Synchronous Generator
- Permanent Magnet Synchronous Generator
By Application
- Onshore
- Offshore
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
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
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