Direct Drive Wind Turbine Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2030
Direct Drive Wind Turbine Market Synopsis: Direct Drive Wind Turbine Market will rise USD 25,231 million by 2030 with a CAGR of 15.10%. The wind being one of the cleanest sources of power generation, is used to generate electricity by wind turbines. Increasing demand for renewable energy across the globe has majorly attributed to the growth of the direct drive wind turbine market. Moreover, depleting fossil fuel reserves, increasing environmental sensitivity, low cost of wind power generation and financial support from governments across the globe all have a knock-on effect on the global market size. However, the only issue the market faces is the fact that the initial capital investments are on the higher side. But on the other hand, major revolutions have taken place in the recent years towards the turbine design and installation techniques, which have considerably reduced the initial capital investment cost to a fairly reasonable extent. This factor can have a positive k...