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Europe Direct Drive Wind Turbine Market Size (2024 - 2029)

The Europe direct drive wind turbine market is poised for growth, driven by favorable government policies, increased investment in wind power projects, and the advantages of gearless turbines, which address common maintenance issues. Technological advancements, such as higher-capacity and floating wind turbines, have reduced offshore wind power costs and expanded accessible locations, further propelling market expansion. Despite competition from other renewable energy sources, the integration of advanced technologies for condition monitoring and predictive maintenance presents significant opportunities for enhancing efficiency and reducing costs, thereby positively impacting the market size in the foreseeable future.

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Market Size of Europe Direct Drive Wind Turbine Industry

Europe Direct Drive Wind Turbine Market : Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 2.69 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Direct Drive Wind Turbine Market Analysis

Europe direct drive wind turbine market is expected to grow at a CAGR of more than 2.69% over the period of 2020-2025. Major factors attributing to the growth include favorable government policies, the increasing investment in wind power projects, and the reduced cost of wind energy. These turbines are lighter and cost-efficient than conventional wind turbines as they do not contain gearbox which reduces its weight and eliminates maintenance problems related to gearbox. The European region is facing the problem of gearbox failure in wind turbines which is expected to increase the demand for gearless wind turbines. The increasing adoption of alternate energy sources, such as gas-based power and solar power, are likely to hinder the market growth.

  • Technological improvements such as increased-capacity (1 MW - 3 MW direct drive system) wind turbines, floating wind turbines, 3D printing, have brought the overall cost of offshore wind power to the lowest level and opened up new offshore locations that were previously inaccessible due to lack of investment and technology. These developments are accelerating the adoption of wind power worldwide and hence, these trends are likely to drive the wind turbine direct-drive systems market during the forecast period.
  • Moreover, the integration of advanced technology in wind turbines direct drive system will enable advanced condition monitoring and predictive maintenance which result in increased efficiency and reduced operational and maintenance costs, which is likely to create a significant opportunity for the market in the near future.
  • Out of the total 225 billion kWh generated from renewable in Germany; offshore wind farms generated 19.4 billion KWh in 2019, holding a significant share of 9%. These ongoing developments and the current growth in the offshore wind market justifies their potential in the upcoming future.

Europe Direct Drive Wind Turbine Industry Segmentation

The Europe direct drive wind turbine market report include:

Capacity
Less than 1MW
Between 1 MW and 3 MW
Greater than 3 MW
Location of Deployment
Onshore
Offshore
Geography
United Kingdom
Germany
Spain
Rest of Europe
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Europe Direct Drive Wind Turbine Market Size Summary

The Europe direct drive wind turbine market is poised for growth, driven by favorable government policies, increased investments in wind power projects, and the decreasing cost of wind energy. Direct drive wind turbines, which are lighter and more cost-efficient due to the absence of gearboxes, are gaining traction as they address the prevalent issue of gearbox failures in the region. The market's expansion is supported by technological advancements such as increased-capacity systems and floating wind turbines, which have significantly reduced offshore wind power costs and opened new locations for development. However, the market faces challenges from the growing adoption of alternative energy sources like gas-based and solar power.

Europe's leadership in the global wind turbine market is underscored by its substantial share of wind turbines sold worldwide and its dominance in offshore wind energy generation. The region's commitment to renewable energy targets has accelerated offshore wind development, with countries like Germany poised to become key players in the offshore wind market. The preference for PMSG technology over EESG for offshore applications, due to its reliability and lighter weight, further enhances the market's prospects. The integration of advanced technologies in direct drive systems is expected to improve efficiency and reduce operational costs, creating significant opportunities for market growth in the near future. Key players in this moderately fragmented market include Siemens Gamesa Renewable Energy SA, ENERCON GMBH, and ABB Ltd.

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Europe Direct Drive Wind Turbine Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Capacity

      1. 2.1.1 Less than 1MW

      2. 2.1.2 Between 1 MW and 3 MW

      3. 2.1.3 Greater than 3 MW

    2. 2.2 Location of Deployment

      1. 2.2.1 Onshore

      2. 2.2.2 Offshore

    3. 2.3 Geography

      1. 2.3.1 United Kingdom

      2. 2.3.2 Germany

      3. 2.3.3 Spain

      4. 2.3.4 Rest of Europe

Europe Direct Drive Wind Turbine Market Size FAQs

The Europe Direct Drive Wind Turbine Market is projected to register a CAGR of greater than 2.69% during the forecast period (2024-2029)

Siemens Gamesa Renewable Energy SA , ENERCON GMBH, Leitner AG, Emergya Wind Technologies B.V and ABB Ltd are the major companies operating in the Europe Direct Drive Wind Turbine Market.

Europe Direct Drive Wind Turbine Report Snapshots

Europe Direct Drive Wind Turbine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)