Favorable conditions for high growth, trends in competing or alternative energy generation technologies and costs, and higher capacity turbines are anticipated to boost the global direct drive wind turbine market. The market has experienced significant growth over the last five years and is expected to continue its growth momentum, reaching approximately US $18,541million by 2017with a CAGR of 12.5% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global direct drive wind turbine market and presents its findings in “Growth Opportunities in Global Direct Drive Wind Turbine Market 2012‒2017: Trends, Forecast, and Opportunity Analysis.”
Lucintel’s research indicates that the Europe is likely to remain the largest market by value in 2017 with the expected robust growth of the offshore wind market, while APAC is expected to remain the largest market by volume in 2017. PMSG technology is expected to grow faster than EESG due to several advantages over EESG including lighter weight and lower maintenance costs.
APAC led the global direct drive wind market by capturing 62% global share by volume. North America and Rest of the World (ROW) were very small markets for direct drive wind turbines in 2011. Europe is likely to remain the largest market by value due to the expected robust growth of the offshore wind market, while APAC is expected to remain the largest by volume mainly on the strength of the Chinese market.
Lucintel’s research indicates that many new players are likely to enter the direct drive wind turbine market to reap the benefits of growing direct drive wind turbine industry. Overall, thewind energy industry is profitable and is expected to continue on the same path in the future, based on an analysis of industry fundamentals and the competitive environment.
The report, which provides trend scenarios and forecast statistics for 2012-2017,also details industry drivers and challenges; compares technologies and costs; highlights major suppliers; and more.
This unique report from Lucintel is expected to provide you valuable information, insights and tools needed to identify new growth opportunities and operate your business successfully in this market. This report is estimated to save hundreds of hours of your own personal research time and is likely to significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find to keep ahead in your business.
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with this market.
Some of the features of “Growth Opportunities in Global Direct Drive Wind Turbine Market 2012‒2017: Trends, Forecast, and Opportunity Analysis” are:
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Global direct drive wind turbine market size in terms of value and volume
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Global direct drive wind turbine trend and forecast in terms of value and volume
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Global direct drive wind turbine market by region and technology in 2011
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Trend (2006-2011) and forecast (2012-2017) of global direct drive wind turbine market by region and by technology
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Major drivers and challenges of global direct drive wind turbine market
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Porter’s Five Forces Analysis for global direct drive wind turbine market
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Growth opportunities and emerging trend for direct drive wind turbine market
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More than 25 figures/charts and eight tables are provided in this roughly 70-page report