Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 15.26 Billion | USD 59.41 Billion | CAGR at 16.30% | 2023 |
According to the report published by Zion Market Research, the global Direct Drive (Gearless) Wind Turbine Market size was valued at USD 15.26 Billion in 2023 and is predicted to reach USD 59.41 Billion by the end of 2032. The market is expected to grow with a CAGR of 16.30% during the forecast period. The report analyzes the global Direct Drive (Gearless) Wind Turbine Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Direct Drive (Gearless) Wind Turbine Market industry.
Direct drive wind turbines, also called as gearless wind turbines are wind turbines with no gearbox. The rotor shaft is openly joined to a synchronous or everlasting magnet generator for energy generation. Direct drive wind speed turbines generally utilize either undeviating magnet agitated through drive generator system or electrically agitated direct drive synchronous maker system depending upon price, location, and other restraints. Direct drive wind turbines are enhanced substitute for the offshore appliance, as they need less precautionary and break down preservation vis-à-vis geared wind speed turbines.
Furthermore, most direct drive wind speed turbines are contactless and hold fewer parts. Operation and preservation are also more exclusive for offshore farms when compared with their onshore counterparts. This eventually improves the in-general consistency of turbines and air stream farms.
Improvement in global energy usage is anticipated to fuel the global direct drive (gearless) wind turbine market in the coming years. These turbines are lighter as well as rate efficient than conformist wind turbines as they do not hold gearbox which decreases its mass and eradicates preservation problems associated to the gearbox. At present, different regions such as Europe and Asia Pacific are facing the trouble of gearbox breakdown in wind turbines, which is anticipated to augment the global requirement for gearless wind turbines.
Positive ecological regulations are anticipated to have a constructive effect on the direct drive (gearless) wind turbine market as these turbines do not need oil cooling method which eradicates the chances of ecological risk and fire incident. High cost over the anticipated prospect of direct drive wind turbines on the basis of costly gears used and inconsistency in wind speed are predictable to hinder the global market development in the coming years.
The global direct drive turbine market is divided in terms of capacity and technology.
On the basis of capacity, the global market is classified into less than 1 MW, 1MW–3MW and higher than 3 MW. 1MW–3MW section was the most important global direct drive (gearless) wind turbine market
Based on the technology, the global market is divided into Permanent Magnet Synchronous Generator (PMSG) and Electrically Excited Synchronous Generator (EESG). The PMSG technology is more important technology over EESG as it is more consistent for offshore associated applications and it is light in weight. With the augment in offshore programs, PMSG technology is anticipated to witness high development in the years to come.
Report Attributes | Report Details |
---|---|
Report Name | Direct Drive (Gearless) Wind Turbine Market Research Report |
Market Size in 2023 | USD 15.26 Billion |
Market Forecast in 2032 | USD 59.41 Billion |
Growth Rate | CAGR of 16.30% |
Number of Pages | 196 |
Key Companies Covered | GE Energy, Avantis Energy Group, M. Torres Olvega Industrial, ReGen Powertech Pvt. Ltd., Enercon, Godecke Energy, Leitwind AG, Siemens Wind Power A/S, Northern Power System, Goldwind Science & Technology Co. Ltd., and Emergya Wind Technologies B.V |
Segments Covered | By Capacity, By Technology and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific was the most important global direct drive (gearless) wind turbine market and is also anticipated to experience the fastest expansion in the years to come. China geologically benefitted the market and is anticipated to observe rapid development in the years to come. India is also projected to witness high growth rate and contribute considerably towards regional market development. Followed by Europe, Asia Pacific is also anticipated to observe significant expansion in the years to come. The Strong existence of ecological regulatory bodies in this province is anticipated to have a constructive effect on the regional market. North America is anticipated to develop at a significant rate in the coming years.
Some prominent players in the global direct drive (gearless) wind turbine market are:
By Capacity
By Technology
Global Direct Drive (Gearless) Wind Turbine Market: Regional Segment Analysis
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