Direct Drive Wind Turbine Market By Capacity (Less than 1MW, 1MW to 3MW, More than 3MW) , By Technology (Permanent Magnet Synchronous Generator (PMSG) , Electrically Excited Synchronous Generator (EESG)) By Installation (Offshore, Onshore) By End Use (Industrial, Commercial, Residential, Utility) : Global Opportunity Analysis and Industry Forecast, 2024-2030

September 2024 | 320 pages | ID: D8C68AB80F51EN
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Direct Drive Wind Turbine Market

The direct drive wind turbine market was valued at $15.4 billion in 2023 and is projected to reach $31.7 billion by 2030, growing at a CAGR of 10.9% from 2024 to 2030.

A direct drive wind turbine is a gearbox-free power production technology that generates electrical energy from the kinetic energy of wind. In this type, the rotor is directly connected to the generator, eliminating the risk of gearbox failure and loss of transmission. The major advantages of generating electricity from direct drive wind turbines include high reliability, low maintenance requirements, improved efficiency, and extended lifespan.

Rise in demand for reliable & sustainable power generation systems is a key driver of the direct drive wind turbine market. In addition, increase in the efficiency of direct drive wind turbines owing to the elimination of gearboxes has fueled their adoption and propelled the growth of the market. A notable trend acquiring traction in the direct drive wind turbine market is the assimilation of smart control systems to improve performance and facilitate predictive maintenance. The deployment of capabilities of AI, big data analytics, and the Internet of Things is projected to optimize the operations of these turbines.

However, high torque requirements of these turbines necessitate the use of large, heavy generators. This increases the upfront costs associated with direct drive wind turbines, restraining the development of the market. Moreover, the scaling of wind technology is a technically complex and expensive process, which hampers the market growth significantly. On the contrary, upsurge in efforts by several nations to become climate-neutral and utilize wind energy to accomplish a significant portion of this target is anticipated to open new avenues for the direct drive wind turbine market. For instance, it is estimated that wind energy holds the capacity to cater to approximately 35% of electricity demand in the U.S. by 2050. Therefore, boost in recognition regarding the potential of wind energy is poised to open new avenues for the market.

Segment Review

The direct drive wind turbine market is segmented into capacity, technology, installation, end use, and region. On the basis of capacity, the market is divided into less than 1MW, 1MW to 3MW, and more than 3MW. Depending on technology, it is bifurcated into permanent magnet synchronous generator (PMSG) and electrically excited synchronous generator (EESG). As per installation, it is classified into offshore and onshore. According to end use, it is categorized into industrial, commercial, residential, and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of capacity, the more than 3MW segment held a high share of the market in 2023.

Depending on technology, the permanent magnet synchronous generator (PMSG) segment dominated the market share in 2023.

As per installation, the offshore segment acquired a high stake in the market in 2023.

According to end use, the utility segment accounted for a high share of the market in 2023.

Region wise, Asia-Pacific was the highest revenue generator in 2023.

Competition Analysis

The major players of the global direct drive wind turbine market include Siemens Gamesa Renewable Energy, S.A.U., Goldwind, GE VERNOVA, ENERCON Global GmbH, Nordex SE, Senvion India Pvt. Ltd., Hitachi Energy Ltd., ABB Ltd., Voith GmbH & Co. KGaA, and Emergya Wind Technologies BV. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
  • Analysis of raw material in a product (by %)
  • Capital Investment breakdown
  • End user preferences and pain points
  • Investment Opportunities
  • Supply Chain Analysis & Vendor Margins
  • Technology Trend Analysis
  • Go To Market Strategy
  • New Product Development/ Product Matrix of Key Players
  • Regulatory Guidelines
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Criss-cross segment analysis- market size and forecast
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • List of customers/consumers/raw material suppliers- value chain analysis
  • Market share analysis of players at global/region/country level
  • SWOT Analysis
Key Market Segments

By Capacity
  • Less than 1MW
  • 1MW to 3MW
  • More than 3MW
By Technology
  • Permanent Magnet Synchronous Generator (PMSG)
  • Electrically Excited Synchronous Generator (EESG)
By Installation
  • Offshore
  • Onshore
By End Use
  • Industrial
  • Commercial
  • Residential
  • Utility
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • Siemens Gamesa Renewable Energy, S.A.U.
  • Goldwind
  • GE VERNOVA
  • ENERCON Global GmbH
  • Nordex SE
  • Senvion India Pvt. Ltd.
  • Hitachi Energy Ltd.
  • ABB Ltd
  • Voith GmbH & Co. KGaA
  • Emergya Wind Technologies BV
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: DIRECT DRIVE WIND TURBINE MARKET, BY CAPACITY

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Capacity
4.2. Less Than 1MW
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. 1MW To 3MW
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. More Than 3MW
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country

CHAPTER 5: DIRECT DRIVE WIND TURBINE MARKET, BY TECHNOLOGY

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Technology
5.2. Permanent Magnet Synchronous Generator (PMSG)
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Electrically Excited Synchronous Generator (EESG)
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: DIRECT DRIVE WIND TURBINE MARKET, BY INSTALLATION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Installation
6.2. Offshore
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Onshore
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country

CHAPTER 7: DIRECT DRIVE WIND TURBINE MARKET, BY END USE

7.1. Market Overview
  7.1.1 Market Size and Forecast, By End Use
7.2. Industrial
  7.2.1. Key Market Trends, Growth Factors and Opportunities
  7.2.2. Market Size and Forecast, By Region
  7.2.3. Market Share Analysis, By Country
7.3. Commercial
  7.3.1. Key Market Trends, Growth Factors and Opportunities
  7.3.2. Market Size and Forecast, By Region
  7.3.3. Market Share Analysis, By Country
7.4. Residential
  7.4.1. Key Market Trends, Growth Factors and Opportunities
  7.4.2. Market Size and Forecast, By Region
  7.4.3. Market Share Analysis, By Country
7.5. Utility
  7.5.1. Key Market Trends, Growth Factors and Opportunities
  7.5.2. Market Size and Forecast, By Region
  7.5.3. Market Share Analysis, By Country

CHAPTER 8: DIRECT DRIVE WIND TURBINE MARKET, BY REGION

8.1. Market Overview
  8.1.1 Market Size and Forecast, By Region
8.2. North America
  8.2.1. Key Market Trends and Opportunities
  8.2.2. Market Size and Forecast, By Capacity
  8.2.3. Market Size and Forecast, By Technology
  8.2.4. Market Size and Forecast, By Installation
  8.2.5. Market Size and Forecast, By End Use
  8.2.6. Market Size and Forecast, By Country
  8.2.7. U.S. Direct Drive Wind Turbine Market
    8.2.7.1. Market Size and Forecast, By Capacity
    8.2.7.2. Market Size and Forecast, By Technology
    8.2.7.3. Market Size and Forecast, By Installation
    8.2.7.4. Market Size and Forecast, By End Use
  8.2.8. Canada Direct Drive Wind Turbine Market
    8.2.8.1. Market Size and Forecast, By Capacity
    8.2.8.2. Market Size and Forecast, By Technology
    8.2.8.3. Market Size and Forecast, By Installation
    8.2.8.4. Market Size and Forecast, By End Use
  8.2.9. Mexico Direct Drive Wind Turbine Market
    8.2.9.1. Market Size and Forecast, By Capacity
    8.2.9.2. Market Size and Forecast, By Technology
    8.2.9.3. Market Size and Forecast, By Installation
    8.2.9.4. Market Size and Forecast, By End Use
8.3. Europe
  8.3.1. Key Market Trends and Opportunities
  8.3.2. Market Size and Forecast, By Capacity
  8.3.3. Market Size and Forecast, By Technology
  8.3.4. Market Size and Forecast, By Installation
  8.3.5. Market Size and Forecast, By End Use
  8.3.6. Market Size and Forecast, By Country
  8.3.7. France Direct Drive Wind Turbine Market
    8.3.7.1. Market Size and Forecast, By Capacity
    8.3.7.2. Market Size and Forecast, By Technology
    8.3.7.3. Market Size and Forecast, By Installation
    8.3.7.4. Market Size and Forecast, By End Use
  8.3.8. Germany Direct Drive Wind Turbine Market
    8.3.8.1. Market Size and Forecast, By Capacity
    8.3.8.2. Market Size and Forecast, By Technology
    8.3.8.3. Market Size and Forecast, By Installation
    8.3.8.4. Market Size and Forecast, By End Use
  8.3.9. Italy Direct Drive Wind Turbine Market
    8.3.9.1. Market Size and Forecast, By Capacity
    8.3.9.2. Market Size and Forecast, By Technology
    8.3.9.3. Market Size and Forecast, By Installation
    8.3.9.4. Market Size and Forecast, By End Use
  8.3.10. Spain Direct Drive Wind Turbine Market
    8.3.10.1. Market Size and Forecast, By Capacity
    8.3.10.2. Market Size and Forecast, By Technology
    8.3.10.3. Market Size and Forecast, By Installation
    8.3.10.4. Market Size and Forecast, By End Use
  8.3.11. UK Direct Drive Wind Turbine Market
    8.3.11.1. Market Size and Forecast, By Capacity
    8.3.11.2. Market Size and Forecast, By Technology
    8.3.11.3. Market Size and Forecast, By Installation
    8.3.11.4. Market Size and Forecast, By End Use
  8.3.12. Rest Of Europe Direct Drive Wind Turbine Market
    8.3.12.1. Market Size and Forecast, By Capacity
    8.3.12.2. Market Size and Forecast, By Technology
    8.3.12.3. Market Size and Forecast, By Installation
    8.3.12.4. Market Size and Forecast, By End Use
8.4. Asia-Pacific
  8.4.1. Key Market Trends and Opportunities
  8.4.2. Market Size and Forecast, By Capacity
  8.4.3. Market Size and Forecast, By Technology
  8.4.4. Market Size and Forecast, By Installation
  8.4.5. Market Size and Forecast, By End Use
  8.4.6. Market Size and Forecast, By Country
  8.4.7. China Direct Drive Wind Turbine Market
    8.4.7.1. Market Size and Forecast, By Capacity
    8.4.7.2. Market Size and Forecast, By Technology
    8.4.7.3. Market Size and Forecast, By Installation
    8.4.7.4. Market Size and Forecast, By End Use
  8.4.8. Japan Direct Drive Wind Turbine Market
    8.4.8.1. Market Size and Forecast, By Capacity
    8.4.8.2. Market Size and Forecast, By Technology
    8.4.8.3. Market Size and Forecast, By Installation
    8.4.8.4. Market Size and Forecast, By End Use
  8.4.9. India Direct Drive Wind Turbine Market
    8.4.9.1. Market Size and Forecast, By Capacity
    8.4.9.2. Market Size and Forecast, By Technology
    8.4.9.3. Market Size and Forecast, By Installation
    8.4.9.4. Market Size and Forecast, By End Use
  8.4.10. South Korea Direct Drive Wind Turbine Market
    8.4.10.1. Market Size and Forecast, By Capacity
    8.4.10.2. Market Size and Forecast, By Technology
    8.4.10.3. Market Size and Forecast, By Installation
    8.4.10.4. Market Size and Forecast, By End Use
  8.4.11. Australia Direct Drive Wind Turbine Market
    8.4.11.1. Market Size and Forecast, By Capacity
    8.4.11.2. Market Size and Forecast, By Technology
    8.4.11.3. Market Size and Forecast, By Installation
    8.4.11.4. Market Size and Forecast, By End Use
  8.4.12. Rest of Asia-Pacific Direct Drive Wind Turbine Market
    8.4.12.1. Market Size and Forecast, By Capacity
    8.4.12.2. Market Size and Forecast, By Technology
    8.4.12.3. Market Size and Forecast, By Installation
    8.4.12.4. Market Size and Forecast, By End Use
8.5. LAMEA
  8.5.1. Key Market Trends and Opportunities
  8.5.2. Market Size and Forecast, By Capacity
  8.5.3. Market Size and Forecast, By Technology
  8.5.4. Market Size and Forecast, By Installation
  8.5.5. Market Size and Forecast, By End Use
  8.5.6. Market Size and Forecast, By Country
  8.5.7. Brazil Direct Drive Wind Turbine Market
    8.5.7.1. Market Size and Forecast, By Capacity
    8.5.7.2. Market Size and Forecast, By Technology
    8.5.7.3. Market Size and Forecast, By Installation
    8.5.7.4. Market Size and Forecast, By End Use
  8.5.8. South Africa Direct Drive Wind Turbine Market
    8.5.8.1. Market Size and Forecast, By Capacity
    8.5.8.2. Market Size and Forecast, By Technology
    8.5.8.3. Market Size and Forecast, By Installation
    8.5.8.4. Market Size and Forecast, By End Use
  8.5.9. Saudi Arabia Direct Drive Wind Turbine Market
    8.5.9.1. Market Size and Forecast, By Capacity
    8.5.9.2. Market Size and Forecast, By Technology
    8.5.9.3. Market Size and Forecast, By Installation
    8.5.9.4. Market Size and Forecast, By End Use
  8.5.10. Rest of LAMEA Direct Drive Wind Turbine Market
    8.5.10.1. Market Size and Forecast, By Capacity
    8.5.10.2. Market Size and Forecast, By Technology
    8.5.10.3. Market Size and Forecast, By Installation
    8.5.10.4. Market Size and Forecast, By End Use

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping Of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023

CHAPTER 10: COMPANY PROFILES

10.1. Siemens Gamesa Renewable Energy, S.A.U.
  10.1.1. Company Overview
  10.1.2. Key Executives
  10.1.3. Company Snapshot
  10.1.4. Operating Business Segments
  10.1.5. Product Portfolio
  10.1.6. Business Performance
  10.1.7. Key Strategic Moves and Developments
10.2. Goldwind
  10.2.1. Company Overview
  10.2.2. Key Executives
  10.2.3. Company Snapshot
  10.2.4. Operating Business Segments
  10.2.5. Product Portfolio
  10.2.6. Business Performance
  10.2.7. Key Strategic Moves and Developments
10.3. GE VERNOVA
  10.3.1. Company Overview
  10.3.2. Key Executives
  10.3.3. Company Snapshot
  10.3.4. Operating Business Segments
  10.3.5. Product Portfolio
  10.3.6. Business Performance
  10.3.7. Key Strategic Moves and Developments
10.4. ENERCON Global GmbH
  10.4.1. Company Overview
  10.4.2. Key Executives
  10.4.3. Company Snapshot
  10.4.4. Operating Business Segments
  10.4.5. Product Portfolio
  10.4.6. Business Performance
  10.4.7. Key Strategic Moves and Developments
10.5. Nordex SE
  10.5.1. Company Overview
  10.5.2. Key Executives
  10.5.3. Company Snapshot
  10.5.4. Operating Business Segments
  10.5.5. Product Portfolio
  10.5.6. Business Performance
  10.5.7. Key Strategic Moves and Developments
10.6. Senvion India Pvt. Ltd.
  10.6.1. Company Overview
  10.6.2. Key Executives
  10.6.3. Company Snapshot
  10.6.4. Operating Business Segments
  10.6.5. Product Portfolio
  10.6.6. Business Performance
  10.6.7. Key Strategic Moves and Developments
10.7. Hitachi Energy Ltd.
  10.7.1. Company Overview
  10.7.2. Key Executives
  10.7.3. Company Snapshot
  10.7.4. Operating Business Segments
  10.7.5. Product Portfolio
  10.7.6. Business Performance
  10.7.7. Key Strategic Moves and Developments
10.8. ABB Ltd
  10.8.1. Company Overview
  10.8.2. Key Executives
  10.8.3. Company Snapshot
  10.8.4. Operating Business Segments
  10.8.5. Product Portfolio
  10.8.6. Business Performance
  10.8.7. Key Strategic Moves and Developments
10.9. Voith GmbH And Co. KGaA
  10.9.1. Company Overview
  10.9.2. Key Executives
  10.9.3. Company Snapshot
  10.9.4. Operating Business Segments
  10.9.5. Product Portfolio
  10.9.6. Business Performance
  10.9.7. Key Strategic Moves and Developments
10.10. Emergya Wind Technologies BV
  10.10.1. Company Overview
  10.10.2. Key Executives
  10.10.3. Company Snapshot
  10.10.4. Operating Business Segments
  10.10.5. Product Portfolio
  10.10.6. Business Performance
  10.10.7. Key Strategic Moves and Developments


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