The global direct drive wind turbine market is expected to be worth US$ 18.3 billion in 2032, with a CAGR of 16.2% from 2022 to 2032. It is expected to exceed $14.6 billion by 2022. The urgent need to reduce noise, improve surge efficiency, and generate more torque with lower RPM is expected to boost direct drive wind turbine sales during the assessment period.
The frequent replacement of the gearbox is eliminated with the usage of these turbines. Direct drive wind turbines market are considered to be low-speed generators that are capable of eliminating the requirement of a gearbox from the drivetrain of turbines. These have several benefits, including relatively low maintenance costs and are lightweight, as compared to traditional turbines.
Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Direct Drive Wind Turbine market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.
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According to the FMI’s report, the Direct Drive Wind Turbine market is projected to record a CAGR of 16.2% over the forecast period. To receive the detailed insights about the Direct Drive Wind Turbine market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.
Understanding the Impact of Covid-19 on Industrial Automation Industry
The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.
Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Direct Drive Wind Turbine market has picked up the pace.
The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Direct Drive Wind Turbine market.
Key Questions Answered in the Report
- What are the key trends and challenges that will affect global Direct Drive Wind Turbine market in upcoming years?
- What are the factors that will influence the Direct Drive Wind Turbine market demand?
- Which region will be the most lucrative for Direct Drive Wind Turbine market throughout the forecast period?
- How will evolving regulatory policies impact the market growth?
- What is the impact of Covid-19 on the Direct Drive Wind Turbine market?
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Direct Drive Wind Turbine Market: Segmentation
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
Detailed analysis on the geographical region and country wise insights are offered in the latest Direct Drive Wind Turbine market report with established market players as well as incumbents in the region.
Key Segments Profiled in the Drive Wind Turbine Industry Survey
By Capacity:
- Less than 1MW
- 1MW to 3MW
- More than 3MW
By Technology:
- Permanent Magnet Synchronous Generator
- Electrically Excited Synchronous Generator
By Application:
- Offshore
- Onshore
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.
Competitive Analysis
By Prominent Market Players
- ReGen Powertech Pvt. Ltd.
- ABB Ltd.
- Northern Power System
- Goldwind Science & Technology Co. Ltd.
- Siemens Gamesa Renewable Energy SA
- M. Torres Olvega Industrial
- Emergya Wind Technologies B.V.
With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Direct Drive Wind Turbine market.
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Why Future Market Insights?
- Comprehensive analysis on evolving purchase pattern across different geographies
- Detailed insights of market segments and sub-segments for historical as well as forecast period
- A competitive analysis of prominent players and emerging players in the Direct Drive Wind Turbine market
- Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
- Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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