Direct Drive Wind Turbine Market Research, 2030
The global direct drive wind turbine market size 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.
Market Introduction and Definition
A direct drive wind turbine is a type of wind turbine that operates without a gearbox. In traditional wind turbines, the gearbox converts the low rotational speed of the turbine blades into higher speeds needed to generate electricity. However, direct drive wind turbines use a low-speed generator that is directly connected to the rotor, eliminating the need for a gearbox. This design reduces mechanical complexity, improves reliability, and lowers maintenance requirements. Direct drive systems are known for their efficiency and preferred in offshore and onshore wind farms where maintenance is challenging and costly.
Key Takeaways
- The direct drive wind turbine market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
- More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major direct drive wind turbine industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
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
- By End Use
- Industrial
- Commercial
- Residential
- Utility
- By Region
- North America
- 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
- GE VERNOVA
- Emergya Wind Technologies BV
- Nordex SE
- ABB Ltd
- Hitachi Energy Ltd.
- Goldwind
- Voith GmbH & Co. KGaA
- Siemens Gamesa Renewable Energy, S.A.U.
- Senvion India Pvt. Ltd.
- ENERCON Global GmbH