(EnergyIndustry.Net, May 23, 2017 ) A wind turbine is usually equipped with three-phase generators such as synchronous generator and asynchronous generator to convert mechanical energy into electrical energy.
The rising number of supportive regulatory policies for wind energy projects will drive the growth prospects for the global wind turbine generator market until the end of 2021. The governments in many countries are increasingly supporting wind energy projects through favorable policies such as feed-in tariff (FiT) policy, which, in turn, will encourage investments in technologies related to renewable energy generation, positively impacting the global wind turbine generator market. These policies cover various aspects of the wind energy industry such as eligibility, bonuses, and various other grants. Also, aspects such as the rising awareness related to the potential and long-term benefits of utilizing wind energy, the emergence of hydropower as a source of renewable energy, drastic weather changes, and ongoing droughts across various countries, will further drive the market’s growth.
The growing number of research and developmental activities in direct-drive generators for wind turbines is one of the key trends that will accelerate the growth of the market. Technological advancements such as the direct-train technology eliminates the need for a gearbox and are lighter in weight. Also, since these direct-drive turbines involve low maintenance, they are considered as the future of offshore wind turbines.
The market is divided into the following segments based on geography: Americas APAC EMEA
Technavio's report, Global Wind Turbine Generator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors ABB Gamesa GE Renewable Energy SANY Suzlon
Other prominent vendors AVANTIS Energy Group Bora Energy EWT B.V. Goldwind Science & Technology LEITNER AG NORDEX ReGen PowerTech Siemens SWAY turbine VENSYS Energy Vestas Wind Systems Market driver Rise in wind energy consumption For a full, detailed list, view our report
Market challenge High failure rate of wind turbine components For a full, detailed list, view our report
Market trend Rise in patent filings For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?