Global Direct Drive Wind Turbine Market: Overview, Data Updates, Reports Analysis & Forecast

From 2022 to 2032, the global direct drive wind turbine market is expected to be worth US$ 18.3 billion, with a CAGR of 16.2%. By 2022, it is expected to exceed $14.6 billion. During the assessment period, direct drive wind turbine sales are expected to increase due to the urgent need to reduce noise, improve surge efficiency, and generate more torque with lower RPM.

The rising use of machines, the demand for high-quality products across various industries, and the integration of smart devices into machinery are some of the factors driving the growth of the Direct Drive Wind Turbine market in the industrial automation industry. Businesses use automation to increase productivity and reduce labour costs.

Direct drive wind turbines are low-speed generators that can eliminate the need for a gearbox in a turbine’s drivetrain. When compared to traditional turbines, these have several advantages, including relatively low maintenance costs and being lightweight. The use of these turbines eliminates the need for frequent gearbox replacement.

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The high demand for energy across the globe is a significant factor that is anticipated to propel the direct drive wind turbines market share in the forthcoming years. The rapid industrialization, favorable regulations on energy efficiency, and high share of renewables in the power generation sector are likely to augment the market.

According to the FMI’s report, the Direct Drive Wind Turbine market is projected to record a CAGR of 16.2% over the forecast period. To receive the detailed insights about the Direct Drive Wind Turbine market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

The global market is moderately fragmented backed by the presence of various small- and large-scale companies. Majority of the leading companies are aiming to attract more customers by participating in mergers and acquisitions with start-up companies. A few other players are focusing on introducing innovative products to expand their existing product portfolios and compete with their rivals.

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