Irving, Texas (PRWEB) October 17, 2012
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 $18,541 million by 2017 with 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 market 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, the wind 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 market 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.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.
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