Market Overview:
The global direct-drive wind power systems market is expected to grow from USD 2.5 billion in 2018 to USD 5.8 billion by 2030, at a CAGR of 10.9% during the forecast period. The growth of the market can be attributed to the increasing demand for clean and renewable energy sources across the globe and government initiatives toward promoting renewable energy sources. Based on type, the direct-drive wind power systems market is segmented into 2 MW, 3 MW, 5 MW, and other segments. The 2 MW segment is expected to hold the largest share of the global direct-drive wind power systems market in 2018 owing to its low installation cost as compared with other types of turbines available in the market.
Product Definition:
Direct-drive wind turbines are systems in which the turbine's shaft is connected directly to the generator, eliminating the need for a gearbox. Direct-drive turbines are more efficient than geared turbines and are less likely to suffer from gearbox failures. They are also easier to maintain and have a longer lifespan than geared turbines.
2.0MW:
2.0MW is the capacity of a wind turbine generator, which is used to power an electric utility grid. It can be considered as the average power produced by one main-rotor machine with a diameter of 120 meters and a height of 85 meters.
3.0MW:
The 3.0MW power rating is a capacity value for wind turbines which are used in Direct-Drive Wind Power Systems (DDWPS). The DDWPS market is expected to witness significant growth over the forecast period owing to increasing government support and rising awareness regarding renewable energy among end-users.
Increasing demand for clean electricity coupled with depleting fossil fuel reserves has led to the adoption of various alternative sources of energy such as wind, solar, geothermal among others.
Application Insights:
Onshore was the largest application segment in 2017, accounting for a share of 72.0% in terms of capacity and 66.7% in terms of energy generated that year. The segment is expected to witness significant growth over the forecast period owing to various factors such as easy access to land, low construction cost per unit area, and moderate turbine size requirements on land; higher costs associated with offshore projects; and technological advancements for larger scale turbines onshore.
Regional Analysis:
Asia Pacific dominated the global market in 2017, accounting for a share of over 43.0% owing to increasing investments and favorable government policies across the region. China is projected to dominate the Asia Pacific market over the forecast period owing to its large land area, which makes it suitable for large-scale wind farms development. Moreover, China has been focusing on reducing its carbon footprint by decreasing fossil fuel usage and developing renewable energy sources such as wind power plants that do not emit harmful gases into the atmosphere.
Europe accounted for a significant revenue share in 2017 due to growing awareness regarding benefits of green energy sources among consumers and policy support from governments across European countries including Germany, U.K., Spain, Italy among others that are likely drive industry growth during the forecast period North America is expected witness substantial growth rate during 2018-2030 due to rapid increase in offshore projects especially along U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Reduction in the cost of wind power systems due to technological advancements
- Growing awareness about the benefits of using direct-drive wind power systems among consumers and businesses
- Increased investment in research and development for new technologies related to direct-drive wind power systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Direct-Drive Wind Power Systems Market Research Report
By Type
2.0MW, 3.0MW, 5.0MW, Other
By Application
Onshore, Offshore
By Companies
Enercon, Siemens, GE, Goldwind, XEMC Windpower
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Direct-Drive Wind Power Systems Market Report Segments:
The global Direct-Drive Wind Power Systems market is segmented on the basis of:
Types
2.0MW, 3.0MW, 5.0MW, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Enercon
- Siemens
- GE
- Goldwind
- XEMC Windpower
Highlights of The Direct-Drive Wind Power Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2.0MW
- 3.0MW
- 5.0MW
- Other
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Direct-Drive Wind Power Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Direct-drive wind power systems use a gearbox to convert the rotational motion of the blades into linear motion that is used to generate electricity. This type of system is typically more efficient than other types of wind turbines, and it can be installed on taller structures than other types of turbines.
Some of the major companies in the direct-drive wind power systems market are Enercon, Siemens, GE, Goldwind, XEMC Windpower.
The direct-drive wind power systems market is expected to register a CAGR of 10.9%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Direct-Drive Wind Power Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Direct-Drive Wind Power Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Direct-Drive Wind Power Systems Market - Supply Chain
4.5. Global Direct-Drive Wind Power Systems Market Forecast
4.5.1. Direct-Drive Wind Power Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Direct-Drive Wind Power Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Direct-Drive Wind Power Systems Market Absolute $ Opportunity
5. Global Direct-Drive Wind Power Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Direct-Drive Wind Power Systems Market Size and Volume Forecast by Type
5.3.1. 2.0MW
5.3.2. 3.0MW
5.3.3. 5.0MW
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Direct-Drive Wind Power Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Direct-Drive Wind Power Systems Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Direct-Drive Wind Power Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Direct-Drive Wind Power Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Direct-Drive Wind Power Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Direct-Drive Wind Power Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Direct-Drive Wind Power Systems Demand Share Forecast, 2019-2026
9. North America Direct-Drive Wind Power Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Direct-Drive Wind Power Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Direct-Drive Wind Power Systems Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Direct-Drive Wind Power Systems Market Size and Volume Forecast by Type
9.7.1. 2.0MW
9.7.2. 3.0MW
9.7.3. 5.0MW
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Direct-Drive Wind Power Systems Demand Share Forecast, 2019-2026
10. Latin America Direct-Drive Wind Power Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Direct-Drive Wind Power Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Direct-Drive Wind Power Systems Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Direct-Drive Wind Power Systems Market Size and Volume Forecast by Type
10.7.1. 2.0MW
10.7.2. 3.0MW
10.7.3. 5.0MW
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Direct-Drive Wind Power Systems Demand Share Forecast, 2019-2026
11. Europe Direct-Drive Wind Power Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Direct-Drive Wind Power Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Direct-Drive Wind Power Systems Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Direct-Drive Wind Power Systems Market Size and Volume Forecast by Type
11.7.1. 2.0MW
11.7.2. 3.0MW
11.7.3. 5.0MW
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Direct-Drive Wind Power Systems Demand Share, 2019-2026
12. Asia Pacific Direct-Drive Wind Power Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Direct-Drive Wind Power Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Direct-Drive Wind Power Systems Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Direct-Drive Wind Power Systems Market Size and Volume Forecast by Type
12.7.1. 2.0MW
12.7.2. 3.0MW
12.7.3. 5.0MW
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Direct-Drive Wind Power Systems Demand Share, 2019-2026
13. Middle East & Africa Direct-Drive Wind Power Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Direct-Drive Wind Power Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Direct-Drive Wind Power Systems Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Direct-Drive Wind Power Systems Market Size and Volume Forecast by Type
13.7.1. 2.0MW
13.7.2. 3.0MW
13.7.3. 5.0MW
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Direct-Drive Wind Power Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Direct-Drive Wind Power Systems Market: Market Share Analysis
14.2. Direct-Drive Wind Power Systems Distributors and Customers
14.3. Direct-Drive Wind Power Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Enercon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Goldwind
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. XEMC Windpower
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
