Wind Turbine Tower Market Overview
The global Wind Turbine Tower market is expected to rise at striking rate in the forthcoming years. In terms of cost and size, wind turbine towers are one of the most important components of a wind turbine system. The wind turbine tower market is influenced by the global wind turbine market's changing design trends. The increasing usage of larger blade sizes in wind turbine construction to give better returns has had a significant impact on wind turbine tower design and production. Wind turbine blades longer than 38 metres are increasingly being employed in the construction of wind turbines, implying a demand for longer turbine towers. One of the primary factors driving the market for wind turbine towers is increased investment in renewable energy generation.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Deployment, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Bergey WindPower Co., Broadwind Energy Inc., Dongkuk S&C, Trinity structural towers, Xzeres Wind Corp., Wind towers, Valmont Industries Inc., KGW Schweriner Maschinen- und Anlangenbau GmbH, Speco Technologies Co. Ltd, Titan Wind Energy A/S, CS Wind Corporation, Vestas Wind Systems A/S, Suzlon Energy Ltd, Enercon GmbH. |
Covid-19 Impact on Wind Turbine Tower Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Wind Turbine Tower Market Segment Overview
Based on Type, Concrete Towers is the largest segment in the global Wind Turbine Tower market. These towers are strong, require little transportation, and the materials needed to construct them are commonly available locally. Large turbines are larger, heavier, and require larger rotors. They are also higher. Because of their tremendous strength, concrete wind towers are more cost-effective than tubular steel towers for these types of turbines.
Wind Turbine Tower Market, By Type
· Tubular Steel Towers
· Concrete Towers
· Lattice Towers
· Guyed Pole Towers
Wind Turbine Tower Market, By Deployment
· Onshore
· Offshore
Wind Turbine Tower Market Regional Overview
Region-Wise, Asia-Pacific grasp the maximum share of the global Wind Turbine Tower market. Furthermore, developed markets of Europe and North America, also contribute a remarkable share to the wind turbine tower market. One of the major drivers driving the wind turbine tower market is the changing energy and power sector scenario, with a growing emphasis on renewable energy generation. In developed regions, favorable energy regulations such as feed-in tariffs, residential net metering, and generation tax credits are increasing demand for wind turbine towers.
Wind Turbine Tower Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Wind Turbine Tower Market, Key Players
· Bergey WindPower Co.
· Broadwind Energy Inc.
· Dongkuk S&C
· Trinity structural towers
· Xzeres Wind Corp.
· Wind towers
· Valmont Industries Inc.
· KGW Schweriner Maschinen- und Anlangenbau GmbH
· Speco Technologies Co. Ltd
· Titan Wind Energy A/S
· CS Wind Corporation
· Vestas Wind Systems A/S
· Suzlon Energy Ltd
· Enercon GmbH
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Wind Turbine Tower market?
One of the primary factors driving the market for wind turbine towers is increased investment in renewable energy generation
Q2. Which Segments are covered in the Wind Turbine Tower Market report?
Type, Deployment, and Region. these segments are covered in the Wind Turbine Tower market report.
Q3. Which segment is projected to hold the largest share in the Wind Turbine Tower Market?
Concrete Towers segment is projected to hold the largest share in the Wind Turbine Tower Market.
Q4. Which region holds the largest share in the Wind Turbine Tower market?
Asia-Pacific held the largest share in the global Wind Turbine Tower market
Q5. Which are the prominent players in the Wind Turbine Tower Market?
Bergey WindPower Co., Broadwind Energy Inc., Dongkuk S&C, Trinity structural towers, Xzeres Wind Corp., Wind towers, Valmont Industries Inc., KGW Schweriner Maschinen- und Anlangenbau GmbH, Speco Technologies Co. Ltd, Titan Wind Energy A/S, CS Wind Corporation, Vestas Wind Systems A/S, Suzlon Energy Ltd, Enercon GmbH. are some key players in the Wind Turbine Tower Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Tubular Steel Towers
- 5.2.2. Concrete Towers
- 5.2.3. Lattice Towers
- 5.2.4. Guyed Pole Towers
- 5.3. Market Analysis, Insights and Forecast – By Deployment
- 5.3.1. Onshore
- 5.3.2. Offshore
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Tubular Steel Towers
- 6.2.2. Concrete Towers
- 6.2.3. Lattice Towers
- 6.2.4. Guyed Pole Towers
- 6.3. Market Analysis, Insights and Forecast – By Deployment
- 6.3.1. Onshore
- 6.3.2. Offshore
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Tubular Steel Towers
- 7.2.2. Concrete Towers
- 7.2.3. Lattice Towers
- 7.2.4. Guyed Pole Towers
- 7.3. Market Analysis, Insights and Forecast – By Deployment
- 7.3.1. Onshore
- 7.3.2. Offshore
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Tubular Steel Towers
- 8.2.2. Concrete Towers
- 8.2.3. Lattice Towers
- 8.2.4. Guyed Pole Towers
- 8.3. Market Analysis, Insights and Forecast – By Deployment
- 8.3.1. Onshore
- 8.3.2. Offshore
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Tubular Steel Towers
- 9.2.2. Concrete Towers
- 9.2.3. Lattice Towers
- 9.2.4. Guyed Pole Towers
- 9.3. Market Analysis, Insights and Forecast – By Deployment
- 9.3.1. Onshore
- 9.3.2. Offshore
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Bergey WindPower Co.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Broadwind Energy Inc.
- 10.6. Dongkuk S&C
- 10.7. Trinity structural towers
- 10.8. Xzeres Wind Corp.
- 10.9. Wind towers
- 10.10. Valmont Industries Inc.
- 10.11. KGW Schweriner Maschinen- und Anlangenbau GmbH
- 10.12. Speco Technologies Co. Ltd
- 10.13. Titan Wind Energy A/S
- 10.14. CS Wind Corporation
- 10.15. Vestas Wind Systems A/S
- 10.16. Suzlon Energy Ltd
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
