Market Highlights

The depletion of fossil fuel reserves has an alarming effect on the environment due to which the alternative renewable sources has gained immense importance. The wind energy is one of the cheapest renewable energy sources. So power generation from wind energy is done by harnessing the energy from the wind and is used to generate electricity from the harnessed power.

Governments across the globe are trying to promote green and clean energy usage. The availability of financial subsidies from governments is expected to drive the market. However, huge initial investments and shortage of skilled labor are the major restraints for the market growth. Global Direct Drive Wind Turbine Market is predicted to grow approximately at 11.5% CAGR by 2022.

Market Research Analysis

Based on capacities, the market is segmented as less than 1MW, 1MW to 3MW and more than 3MW. In which, the 1MW to 3MW segment is projected to drive the market.

Based on technologies, the market is segmented as electrically excited synchronous generator and permanent magnet synchronous generator, with the latter being projected to account for the largest market share due to its light weight feature and offshore application.

Among regions, Europe is expected to dominate the global direct drive wind turbine market with the highest CAGR owing to increased investments in wind energy sector.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Advanced Energy Storage Systems Market Research Report - Forecast to 2027”

Key Players

• GE Renewable Energy (U.S.),
• Siemens AG (Germany),
• Goldwind Science & Technology Co. Ltd. (China),
• Leitwind AG (Italy),
• ENERCON GmbH (Germany),
• Xiangtan Electric Manufacturing Group (China),
• Emergya Wind Technologies B.V. (The Netherlands),
• VENSYS Energy AG (Germany),
• Windtronics LLC (U.S.)
• American Superconductor Corporation (U.S.)

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Market Synopsis

The depletion of fossil fuel reserves has an alarming effect on the environment due to which the alternative renewable sources has gained immense importance. The wind energy is one of the cheapest renewable energy sources. So power generation from wind energy is done by harnessing the energy from the wind and is used to generate electricity from the harnessed power.

Governments across the globe are trying to promote green and clean energy usage. The availability of financial subsidies from governments is expected to drive the market. However, huge initial investments and shortage of skilled labor are the major restraints for the market growth.

Europe has the largest market share

Europe dominates the market and expected to grow approximately at XX% CAGR during the forecast period. The favorable governments regulations has resulted in increased investments in wind energy in the region.

Asia-Pacific is another lucrative market which is experiencing a rapid adoption of gearless wind turbines, especially from emerging economies in the region such as China and India.