How Direct Drive Wind Turbine Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Direct Drive Wind Turbine Market Latest Edition Published with Forecast to 2030


According to the report, Growth in offshore wind projects driving the adoption of direct drive turbines. is one of the primary growth factors for the market. Growing demand for renewable energy sources to mitigate climate change. is also expected to contribute significantly to the Direct Drive Wind Turbine market. Overall, Offshore applications of Direct Drive Wind Turbine, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology Type, such as Permanent Magnet Synchronous, is boosting the Direct Drive Wind Turbine market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Direct Drive Wind Turbine market identified that the demand is rising in many different parts of the world as "Rising global awareness and acceptance of renewable energy solutions. ". Furthermore, some recent industry insights like "In January 2022, Doosan announced on January 27th that it had completed implementation of the 8MW offshore wind turbine prototype at the Korea Wind Power Demonstration Center, which is located in Baeksu, Yeonggwang of South Jeolla Province. The commissioning process will be initiated at the end of this month, after which international certification for the wind turbine will be obtained and final preparations for commercialization will be completed in June." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Direct Drive Wind Turbine market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Direct Drive Wind Turbine market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Direct Drive Wind Turbine market size is calculated using market estimation process, the Direct Drive Wind Turbine market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Direct Drive Wind Turbine market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager