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Direct Drive (Gearless) Wind Turbine Market: Global Trends & Forecasts to 2017

Global direct drive wind turbine market: $23 billion industry forecast by 2017


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2014-03-14 23:33:02 - Direct Drive (Gearless) Wind Turbine Market: Global Trends & Forecasts to 2017 - a new market research report on companiesandmarkets.com

The global direct drive wind turbine market revenue is estimated to be $11.7 billion in 2011 which is estimated to reach $23 billion by 2017, at a CAGR of 15.2% from 2012 to 2017. In the global direct drive wind turbine, the permanent magnet synchronous generator captures the largest market at present share followed by electrically excited synchronous generator. The category 1 - 3 MW captures the largest market share followed by less than 1 MW and then above 3 MW.

China is the largest geographic market and currently accounts for 41% of global direct drive wind turbine new installations. China is a developing region and its economic growth represents industrial growths in the region. Being the largest regional market, China´s

 

 

growth significantly affects the global direct drive wind turbine market.

Global wind energy installed capacity has increased from 74,123 MW at the end of 2006 to 238,200 MW by the end of 2011. With increasing wind energy capacity trends in changing turbine design like increasing size, lighter blades, and direct drive turbines can be observed. Major improvement areas are turbine blades and generator systems. The latest technology being used is direct drive turbine which has no gearbox, and is thus light weight and more efficient. Direct drive turbine offers low maintenance costs since gearboxes do not require replacement.

Asia-Pacific region is the largest market for DDWT annual installation of global direct drive wind turbines. After Asia-Pacific, Europe, and North America regions are the second and third largest market respectively for DDWT.

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