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:
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.
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.
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