Market Research Logo

Global Direct Drive Wind Turbine Market 2017-2021

Global Direct Drive Wind Turbine Market 2017-2021

About Direct Drive Wind Turbine

The wind is one of the cleanest sources of power generation. Wind turbines are used to harness the energy from the wind. The harnessed power from the wind is used to generate electricity. The wind power is directed to rotate turbine blades that are fixed to a rotor; the rotor is connected to the main shaft that spins a generator to create electricity.

Technavio’s analysts forecast the global direct drive wind turbine market to grow at a CAGR of 11.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global direct drive wind turbine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Direct Drive Wind Turbine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ENERCON
  • GE Renewable Energy
  • Goldwind Science and Technology
  • Siemens
  • VENSYS Energy
Other prominent vendors
  • ABB
  • Anhui Hummer Dynamo
  • AVANTIS Energy
  • Bora Energy
  • Foshan Ouyad Electronic
  • Leitner AG
  • Mervento
  • Qingdao Hengfeng Wind Power Generator
  • Qingdao Richuan Precision Machinery
  • ReGen Powertech
  • XEMC Windpower
Market driver
  • Increasing R&D in direct drive generators for wind turbines.
  • For a full, detailed list, view our report
Market challenge
  • Development of airborne wind turbines.
  • For a full, detailed list, view our report
Market trend
  • Technology improvement in medium-scale direct drives.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

PR

Technavio Announces the Publication of its Research Report – Global Direct Drive Wind Turbine Market 2017-2021

Technavio recognizes the following companies as the key players in the global direct drive wind turbine market: ENERCON, GE Renewable Energy, Goldwind Science and Technology, Siemens, and VENSYS Energy.

Other Prominent Vendors in the market are: ABB, Anhui Hummer Dynamo, AVANTIS Energy, Bora Energy, Foshan Ouyad Electronic, Leitner AG, Mervento, Qingdao Hengfeng Wind Power Generator, Qingdao Richuan Precision Machinery, ReGen Powertech, and XEMC Windpower.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is favorable policy environment for energy transition. Governments of various countries are introducing many policy incentives to promote the use and generation of energy from the wind. This is because, the wind is considered as one of the cheapest renewable energy sources compared with other similar energy sources such as solar, nuclear, and even natural gas. Governments worldwide are realizing the potential and long-term benefits of using the wind energy. Within renewable energy sources, hydropower has been the most utilized so far. However, the last few years has had drastic weather changes in different parts of the world. Many countries have been struggling with droughts. This has spurred many governments to diversify their energy mix further.”

According to the report, one driver in market is high failure rate of wind turbine components. The reliability on turbines is a pre-requisite for the effective generation of power from the wind energy. Any failure of components will negatively affect the functioning of the entire system. A wind turbine is built by integrating various technologies and components from aeronautics, hydraulics, automation, and other functions. Major components involved in power generation in a wind turbine include the gearbox, generator, electrical, nacelle, rotor blades, and yaw systems. These wind turbine components require regular maintenance to ensure safe and efficient operations.

Further, the report states that one challenge in market is development of airborne wind turbines. Traditionally, a wind turbine is fixed atop a wind tower. The turbine is then connected to a rotor, blades, and other components to generate electricity from the wind. However, the wind does not blow evenly across all the areas. This has prompted plants to install taller wind towers, as the wind blows more consistently at higher speeds at greater heights. This increases the power output. The increased height of the tower also adds to the upfront cost, which is already a barrier for wind power generation. To overcome such problems a new class of wind turbines has been developed called the Airborne Wind Energy Systems (AWES). These turbines can capture wind energy at a significantly higher altitude. By design, these turbines do not require a tower to be fixed upon. They are tethered by wires or ropes that hold the turbine steady and transfer the electricity generated to the base station located on the ground. Therefore, the development of AWES and its adoption is expected to have a negative impact on the wind tower market, although not immediately, but at a later stage.

Companies Mentioned

ENERCON, GE Renewable Energy, Goldwind Science and Technology, Siemens, VENSYS Energy, ABB, Anhui Hummer Dynamo, AVANTIS Energy, Bora Energy, Foshan Ouyad Electronic, Leitner AG, Mervento, Qingdao Hengfeng Wind Power Generator, Qingdao Richuan Precision Machinery, ReGen Powertech, XEMC Windpower.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Technological overview
      • Table Annual installation growth rate by region 2015
    • Cost breakdown of wind turbine components
      • Table Cost breakdown of wind turbine components (%)
    • Wind turbine components
      • Table Wind turbine components
    • Wind turbine technology value chain
      • Table Wind turbine value chain
  • Market landscape
    • Market overview
      • Table Global direct drive wind turbine market
    • Market size and forecast
      • Table Global direct drive wind turbine market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global direct drive wind turbine market by application
      • Table Global direct drive wind turbine market by application 2016 - 2021 (%)
      • Table Global direct drive wind turbine market by application 2016-2021 ($ billions)
    • Onshore application
      • Table Global onshore direct drive wind turbine market 2016-2021 ($ billions)
      • Table New onshore wind power installations in major countries in 2015 (MW)
    • Offshore application
      • Table Global offshore direct drive wind turbine market 2016-2021 ($ billions)
      • Table Onshore and offshore wind generation cost comparison 2015 ($ per MWh)
  • Geographical segmentation
    • Global direct drive wind turbine market by geography
      • Table Global direct drive wind turbine market by geography 2016-2021 (%)
      • Table Global direct drive wind turbine market by geography 2016-2021 ($ billions)
    • Direct drive wind turbine market in APAC
      • Table Direct drive wind turbine market in APAC 2016-2021 ($ billions)
      • Table Total installed wind power capacity in China 2010-2015 (MW)
      • Table Total installed wind power capacity in India 2010-2015 (MW)
    • Direct drive wind turbine market in EMEA
      • Table Direct drive wind turbine market in EMEA 2016-2021 ($ billions)
      • Table Germany wind power capacity 2010-2015 (MW)
    • Direct drive wind turbine market in Americas
      • Table Direct drive wind turbine market in Americas 2016-2021 ($ billions)
      • Table Wind power capacity in US 2010-2015 (MW)
  • Market drivers
    • Increasing R&D in direct drive generators for wind turbines
    • High failure rate of wind turbine components
      • Table Component malfunction leading to wind turbine failure (%)
      • Table Gearbox failure due to component malfunction
    • Decline in LCOE of wind power generation
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Digitization in gearboxes
      • Table Advantages of the intelligent wind gearbox
    • Development of airborne wind turbines
      • Table Structural comparison between AWES and tubular wind tower
    • Competition from fossil fuels
      • Table Global electricity generation by source and wind power generation share in global electricity generation 2001-2015 (%)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Favorable policy environment for energy transition
      • Table New wind installation targets by 2020 (GW)
    • Rise in offshore installations
      • Table Global cumulative offshore wind installation capacity 2006-2015 (MW)
    • Technology improvement in medium-scale direct drive turbine
    • Evolution of digital wind farms
  • Vendor landscape
    • Competitor landscape
    • Other prominent vendors
  • Key vendor analysis
    • ENERCON
      • Table ENERCON: Key product offerings
    • GE Renewable Energy
      • Table GE Renewable Energy: Key product offerings
    • Goldwind Science and Technology
      • Table Goldwind Science and Technology: Key product offerings
      • Table Goldwind Science and Technology: Key developments
    • Siemens
      • Table Siemens: Key product offerings
      • Table Siemens : Key developments
    • VENSYS Energy
      • Table VENSYS Energy: Key product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report