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The direct drive wind turbine market size is forecast to increase by USD 89.9 billion at a CAGR of 18.65% between 2023 and 2028. The market is experiencing significant growth due to several key factors. Favorable government policies promoting the adoption of renewable energy sources, particularly wind power, are driving production growth. The rising number of offshore wind farm installations is also contributing to market expansion. However, the intermittent nature of wind energy poses a challenge, necessitating the development of reliable and efficient systems. Direct drive wind turbines, with their simplified design featuring no traditional gearbox and fewer moving parts, offer potential solutions. These systems have a larger swept area and reduced weight, making them more efficient and easier to install. Lockdown protocols have temporarily impacted production, but the long-term outlook remains positive.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Capacity
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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