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Global Direct Drive Wind Turbine Market Forecast to Reach USD 72.21 Billion by 2021: TechnavioThe global direct drive wind turbine market is expected to grow at a CAGR of close to 12% during the forecast period, according to Technavio's latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170118005500/en/ 
Technavio has published a new report on the global direct drive wind turbine market from 2017-2021. (Graphic: Business Wire) In this report, Technavio covers the market outlook and growth prospects of the global direct drive wind turbine market for 2017-2021. By application, this market is divided into inshore and offshore segments.
Technavio's research study segments the global direct drive wind turbine market into the following regions:
APAC: largest direct drive wind turbine market segment "The enhanced standards of living and rising population in APAC has led to increasing investments made towards renewable energy generation, including wind energy. Driven by the high wind energy potential and strong governmental support, China and India account for the highest share of the market in the region," says Thanikachalam Chandrasekaran, one of the lead analysts at Technavio for power research. Japan, South Korea, Mongolia, and other countries in the region are also witnessing significant investments in the direct drive wind turbine market. The high amount of initial investments required is balanced by the low maintenance cost and long-life of the systems, thus propelling the market growth. Request a sample report: http://www.technavio.com/request-a-sample?report=55767 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. EMEA: increased offshore installations driving the direct drive wind turbine market EMEA has high wind energy potential, which is driving the investments made into wind power installations. The governments in the region are pushing for the increase in capacity of offshore wind energy. The majority of the countries in EMEA are shifting their focus to renewable energy, which is expected to complement the growth of the direct drive wind turbine market and attract more vendors to the region. Germany, Spain, the UK, France, and Italy are the major contributors to the market in the region. Americas: region witnesses growing government support for wind energy production "With an increasing number of installation for wind energy generation, the direct drive wind turbine market in the Americas is expected to show significant growth during the forecast period. The US, Canada, and Brazil are the major contributors to the market in the Americas," says Thanikachalam. The US has projects lined up to increase its wind capacity by 13 GW from 22 states. Similarly, Brazil and Canada also have many projects that are underway, thus ensuring a steady revenue flow to the market through the forecast period. A constant support from the government, combined with an increased focus towards renewable energy sources will drive the direct drive wind turbine market in the Americas. The top vendors in the global direct drive wind turbine market highlighted in the report are: Browse Related Reports:
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they're published in addition to all 6,000+ existing reports covering segments like energy storage, oil and gas, and smart grid. This subscription nets you thousands in savings, while staying connected to Technavio's constant transforming research library, helping you make informed business decisions more efficiently. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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