Global Direct Drive wind turbines Market (2011-2016): Key trends and opportunities, new Installations and product developments and lower-maintenance requirements Will Drive Market Growth

Global Direct Drive wind turbines Market (2011-2016): Key trends and opportunities, new Installations and product developments and lower-maintenance requirements Will Drive Market Growth

  • Transparency Market Research
  • Ongoing
  • Wind Turbine

Report Description

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According to a new report published by Transparency Market Research \" Global Direct Drive wind turbines Market (2011-2016): Key trends and opportunities, new Installations and product developments and lower-maintenance requirements Will Drive Market Growth\", the global direct drive wind turbine market is estimated to reach US$24.7 billion in 2016 at a CAGR of 15.1 percent from 2011 to 2016. The Direct Drive Wind Turbine installation is estimated to reach at 15.6 GW by forecasted period. 

Direct drive is a new technology and having a robust growth in wind turbine market from last few years, it realise the potentially better efficiency and reliability of a direct drive system without cost or weight penalties comparing with correct technology. Direct-drive turbines eliminate the need for a gearbox all together by directly connecting the rotor to the generator. This lack of gearbox failure is particularly attractive in offshore applications since accessing turbines offshore can be much more difficult given the more challenging marine weather and the need to secure appropriate vessels in a timely manner. It offers high-performance and reliability as well as easy installation and replacement of the wind turbines. 

According to the present scenario, the direct drive technology is captured approximately 17.4% share in global wind turbine market for the year 2010 and it is expected to capture 24.3% of overall wind turbine installation by 2016, increase at a CAGR of 15.8% up to forecasted period by 2016. 

Rapid growth installation of the direct drive wind turbine market is expected to bring forth opportunities as well as challenges to the major players in the market. The global leading direct drive wind turbine manufacturers in wind energy industry were found to closely monitor competitive activities in an attempt to navigate the landscape more efficiently and garner higher market share. Globally, all major producers are seeking to establish a competitive advantage in the marketplace through the implementation of innovative strategies, investing in research and development and creative product development capabilities comparing with their competitors. 

The direct drive wind turbine market is characterized as highly competitive market and includes GE- Scanwind, Enercon, Leitwind AG, MTorres Group, Siemens, Goldwind, Alstom, etc. as few major players.

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