The wind is one of the cleanest sources of power generation. Wind turbines are used to harness the energy from the wind. The harnessed power from the wind is used to generate electricity. The wind power is directed to rotate turbine blades that are fixed to a rotor; the rotor is connected to the main shaft that spins a generator to create electricity.The conventional method of power generation is gradually losing its sheen owing to the growing environmental awareness globally. Renewable energy sources such as the wind and solar power have gained popularity worldwide. The wind energy market has witnessed a robust growth over the last decade, recording a CAGR of 12.81%. Among all the renewable energy technologies, the wind energy application has taken center stage. The cumulative wind power capacity installed was 432.90 GW in 2015, and this is expected to reach 791.00 GW by 2020.

PART 01: Executive summary 6

PART 02: Scope of the report 17

PART 03: Research Methodology 22

PART 04: Introduction 25

Key market highlights 25

Technological overview 26

Cost breakdown of wind turbine components 26

Wind turbine components 28

Wind turbine technology value chain 31

PART 05: Market landscape 33

Market overview 33

Market size and forecast 34

Five forces analysis 36

PART 06: Market segmentation by application 37

Global direct drive wind turbine market by application 37

Onshore application 39

Offshore application 41

PART 07: Geographical segmentation 43

Global direct drive wind turbine market by geography 43

Direct drive wind turbine market in APAC 45

Direct drive wind turbine market in EMEA 49

Direct drive wind turbine market in Americas 52

PART 08: Market drivers 55

Increasing R&D in direct drive generators for wind

turbines 55

High failure rate of wind turbine components 55

Decline in LCOE of wind power generation 59

PART 09: Impact of drivers 60

PART 10: Market challenges 61

Digitization in gearboxes 61

Development of airborne wind turbines 63

Competition from fossil fuels 64

PART 11: Impact of drivers and challenges 66

PART 12: Market trends 67

Favorable policy environment for energy transition 67

Rise in offshore installations 70

Technology improvement in medium-scale direct drive

turbine 71

Evolution of digital wind farms 71

PART 13: Vendor landscape 73

Competitor landscape 73

Other prominent vendors 74

PART 14: Key vendor analysis 75

ENERCON 75

GE Renewable Energy 76

Goldwind Science and Technology 78

Siemens 79

VENSYS Energy 81

PART 15: Appendix 82

List of abbreviations 82

PART 16: Explore Technavio 83