Doubly-Fed Induction Generator Market by Type (1.5 MW, 2.0 MW, 3.0 MW), Application

Description

List of Tables

[184 Pages Report] The Doubly-Fed Induction Generator Market size was estimated at USD 1.26 billion in 2023 and expected to reach USD 1.32 billion in 2024, at a CAGR 5.66% to reach USD 1.85 billion by 2030.

Global Doubly-Fed Induction Generator Market

KEY MARKET STATISTICS
Base Year [2023]	USD 1.26 billion
Estimated Year [2024]	USD 1.32 billion
Forecast Year [2030]	USD 1.85 billion
CAGR (%)	5.66%

Doubly-Fed Induction Generator Market - IMG1

The Doubly-Fed Induction Generator (DFIG) is a type of electrical generator predominantly used in wind turbines. It features a unique design that allows for variable speed operation, which is essential for efficiently harnessing wind energy. Additionally, DFIGs have beneficial grid support characteristics, including fault ride-through capability and the provision of reactive power, which can help stabilize the grid. They are popular in the wind energy industry due to their cost-effectiveness, energy efficiency, and grid-friendly features. The global initiatives to promote renewable energy sources boost demand for wind turbines, indirectly propelling the market for DFIGs. In addition, the financial incentives and favorable government policies for green energy developments stimulate market expansion. However, high initial investment costs and developing full-converter-based generators and direct drive systems pose a competitive threat to DFIGs. Furthermore, there are advancements in offshore wind power projects, where high-capacity DFIGs can increase efficiency and lower energy costs. Research on materials science to discover better magnetic and electrical properties for parts can offer significant growth opportunities for the market.

Regional Insights

In the Americas, particularly the United States and Canada, the wind energy sector is growing due to policy support and increasing renewable energy targets. Consumers in these regions seek advanced technology solutions to enhance efficiency and reduce operational costs, influencing purchasing behavior for DFIGs. Recent patents in the US focus on improving efficiency and reducing costs, indicating a trend toward innovation in the field. The market for DFIGs in the EMEA region is influenced largely by EU countries pioneering in wind energy and the Middle East and African countries where the market is emerging due to the need for renewable energy sources to meet the increasing energy demand. EU countries have long been at the forefront of adopting renewable energy technologies. With advanced infrastructure, constant research, and governmental initiatives, the market for DFIGs is well-established. Despite the region's rich hydrocarbon resources, there is an increasing awareness and shift towards renewable energy. Countries, including Saudi Arabia and the UAE, are investing in large-scale renewable projects, including wind energy, which could increase the demand for DFIGs. The Asia Pacific region has seen a significant increase in demand for renewable energy sources, including wind power, which has positively impacted the demand for Doubly-Fed Induction Generators (DFIGs). China, a prominent region in wind turbine installation, has a substantial influence on the DFIG market. Other countries such as India and Japan are also increasing their investments in wind energy, further boosting the market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Doubly-Fed Induction Generator Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Doubly-Fed Induction Generator Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Doubly-Fed Induction Generator Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Adani Energy Solutions Ltd, CRRC Zhuzhou Electric Co.,ltd, Flender, General Electric Company, Hitachi Energy Ltd., Infineon Technologies AG, Shanghai Electric Power Co., Ltd., Siemens AG, Suzlon Energy Limited, TD Power Systems, XEMC Darwind B.V., Xinjiang Goldwind Science & Technology Co., Ltd., and Yalong Intelligent Equipment Group Co.,Ltd.

Market Segmentation & Coverage

This research report categorizes the Doubly-Fed Induction Generator Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- 1.5 MW
- 2.0 MW
- 3.0 MW
Application
- Coastal Region
- Inland City
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Doubly-Fed Induction Generator Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Doubly-Fed Induction Generator Market?

3. What are the technology trends and regulatory frameworks in the Doubly-Fed Induction Generator Market?

4. What is the market share of the leading vendors in the Doubly-Fed Induction Generator Market?

5. Which modes and strategic moves are suitable for entering the Doubly-Fed Induction Generator Market?

Product Code: MRR-A42C81F906AB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Doubly-Fed Induction Generator Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing awareness and concern over environmental issues leading to increased demand for sustainable energy solutions
  - 5.1.1.2. Growing emphasis on renewable energy sources, particularly wind energy
- 5.1.2. Restraints
  - 5.1.2.1. Higher initial costs and maintenance issues in doubly-fed induction generators
- 5.1.3. Opportunities
  - 5.1.3.1. Government investments in the expansion of the renewable energy sector
  - 5.1.3.2. Improvements in control systems, materials, and power electronics to enhance DFIG efficiency
- 5.1.4. Challenges
  - 5.1.4.1. Mechanical and operational complexity associated with doubly-fed induction generators
5.2. Market Segmentation Analysis
- 5.2.1. Type: Significant adoption of 2.0 MW doubly-fed induction generator due to its balance of capacity and adaptability
- 5.2.2. Application: Significant deployment of onshore wind farm
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Doubly-Fed Induction Generator Market, by Type

6.1. Introduction
6.2. 1.5 MW
6.3. 2.0 MW
6.4. 3.0 MW

7. Doubly-Fed Induction Generator Market, by Application

7.1. Introduction
7.2. Coastal Region
7.3. Inland City

8. Americas Doubly-Fed Induction Generator Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Doubly-Fed Induction Generator Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Doubly-Fed Induction Generator Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Agreement, Collaboration, & Partnership
  - 11.3.1.1. Suzlon secures a 300 MW new order for the 3 MW series from Apraava Energy Private Limited
  - 11.3.1.2. Suzlon Secures a Repeat Order of 193.2 MW from The KP Group in Gujarat
- 11.3.2. New Product Launch & Enhancement
  - 11.3.2.1. Adani Energy Solutions Ltd to Produce Wind Turbine Generators

12. Competitive Portfolio

12.1. Key Company Profiles
- 12.1.1. ABB Ltd.
- 12.1.2. Adani Energy Solutions Ltd
- 12.1.3. CRRC Zhuzhou Electric Co.,ltd
- 12.1.4. Flender
- 12.1.5. General Electric Company
- 12.1.6. Hitachi Energy Ltd.
- 12.1.7. Infineon Technologies AG
- 12.1.8. Shanghai Electric Power Co., Ltd.
- 12.1.9. Siemens AG
- 12.1.10. Suzlon Energy Limited
- 12.1.11. TD Power Systems
- 12.1.12. XEMC Darwind B.V.
- 12.1.13. Xinjiang Goldwind Science & Technology Co., Ltd.
- 12.1.14. Yalong Intelligent Equipment Group Co.,Ltd
12.2. Key Product Portfolio

13. Appendix

13.1. Discussion Guide
13.2. License & Pricing