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The global direct drive wind turbine market size is projected to expand at a CAGR of 11% during the forecast period. Growth of the market is attributed to rising industrialization and rapid urbanization in emerging economies.

The major wind power plant operators have begun to switch from conventional gearbox systems to direct drive systems as they are lighter and cost-effective than conventional wind turbines. As it does not contain a gearbox, it reduces weight and eliminates gearbox maintenance issues. The direct drive system eliminates the problems related to gearbox failure.

Market Trends, Drivers, Restraints, and Opportunities

  • High initial capital expenditure of wind power plants as compared to other renewable and non-renewable energy plants can create challenges for the market growth.
  • Increasing capacity of wind turbines and rising penetration of 3D printing for manufacturing of wind energy components to lower the overall cost of offshore wind power are anticipated to foster the growth of the market.
  • The innovations in the wind energy sector are hastening the global adoption of wind power, which is estimated to boost the wind turbine direct drive market during the forecast period.
  • High cost on installation and timely maintenance is estimated to hinder the market growth.
  • The integration of advanced technology into the direct drive system of wind turbines enable advanced condition monitoring and predictive maintenance, resulting in increased efficiency and lower operational and maintenance costs, which can create lucrative opportunities for the market in the projected timeline.
  • Rising trend of renewable energy is expected to propel the market growth.
  • Development of off shore wind power is anticipated to create immense opportunities for the market players during the forecast period.

Key Players

  • ABB Ltd.
  • Siemens Gamesa Renewable Energy SA
  • Rockwell Automation Inc
  • Bachmann electronic GmbH
  • Avantis Energy Group
  • Goldwind Science & Technology Co. Ltd.
  • Emergya Wind Technologies B.V.

 Competitive Landscape

The major players in the direct drive wind turbine market include ABB Ltd., Siemens Gamesa Renewable Energy SA, Rockwell Automation Inc, Bachmann electronic GmbH, Avantis Energy Group, Goldwind Science & Technology Co. Ltd., Emergya Wind Technologies B.V.

Companies are engaging in mergers, acquisitions and partnerships to expand their market share. Participants in the industry are expected to concentrate on the development of direct drive technologies that are more efficient, flexible, and reliable.

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