Increased global energy consumption is expected to drive the global direct drive (gearless) wind turbine market over the forecast period. These turbines are lighter as well cost efficient than conventional wind turbines as they do not contain gearbox which reduces its weight and eliminates maintenance problems related to gearbox. Currently, various regions such as Asia Pacific and Europe are facing the problem of gearbox failure in wind turbines which is expected to increase the global demand for gearless wind turbines.
Favorable environmental regulations are expected to have positive impact on the global direct drive (gearless) wind turbine market as these turbines does not require oil cooling mechanism which eliminates the chances of environmental hazards and fire occurrence. Higher cost over the foreseeable future of direct drive wind turbines on account of expensive gears used and variability in wind speed are expected to hamper the global market growth over the next six years.
In the recent years, R&D initiatives in the gearless turbine field has resulted into enhanced installation techniques and cost effective turbine design which has lowered the initial investment required in the industry. Direct drive turbine technology include rare earth metals. These metals are imported from China and not produced in bulks. Uncertain availability and hazardous contents in them attracts the environmental regulatory guidelines into it. This is expected to have negative impact on the overall gearless wind turbines market.
Direct drive turbine market is expected to witness significant growth over the forecast period. Their offshore potential and more reliability are anticipated to attract gearless turbine manufacturers for offshore related applications. Global direct drive turbines are segmented in terms of capacity and technology. On the basis of capacity, it is categorized into less than 1 MW, 1MW- 3MW and more than 3 MW. While on the basis of technology, it is segmented into permanent magnet synchronous generator (PMSG) and electrically excited synchronous generator (EESG).
1MW-3MW segment was the leading global direct drive (gearless) wind turbine capacity market. PMSG technology is more preferable technology over EESG as it is more reliable for offshore related applications and is lighter in weight. With the increase in offshore activities, PMSG technology is expected to experience high growth over the forecast period. Asia Pacific was the leading gearless turbine market and is also expected to witness fastest growth over the forecast period. China geographically benefitted the market and is expected to witness rapid growth over the next six years.
India is also expected to experience high CAGR and contribute significantly towards regional market growth. Followed by Asia Pacific, Europe is also expected to witness significant growth over the forecast period. Strong presence of environmental regulatory bodies in this region is expected to have positive impact on the regional market. North America market, on the other hand, is expected to grow at a significant CAGR over the forecast period.
Central & South America is also expected to witness stable growth over the foreseeable future. Countries including Germany, U.S., China, Spain and India are the major countries with maximum market demand. In terms of market growth, China, U.S. and Germany are expected to contribute towards highest direct drive (gearless) market growth on account of continuous capacity additions to the existing industry participants.
Global direct drive (gearless) wind turbine market is dominated by large number of manufacturers. Major industry participants include GE Energy, Avantis Energy Group, ReGen Powertech Pvt. Ltd, Enercon, M. Torres Olvega Industrial, Godecke Energy, Leitwind AG, Siemens Wind Power A/S, Northern Power System, Goldwind Science & Technology Co. Ltd, Emergya Wind Technologies B.V, etc. Industry participants are expected to focus on developments of direct drive technologies with more efficiency, flexibility and reliability features.
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