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Wind Turbine Tower Market Size, Share & Growth Report | 2030
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Wind Turbine Tower Market Size, Share & Growth Report | 2030

Segments - Wind Turbine Tower Market by Types (Tubular Steel Towers, Concrete Towers, Lattice Towers, and Guyed Pole Towers), Deployments (Onshore and Offshore), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

https://growthmarketreports.com/Raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
https://growthmarketreports.com/Swapnil
Editor : Swapnil Hedau

Upcoming | Report ID :EP-4325 | 4.6 Rating | 62 Reviews | 222 Pages | Format : PDF Excel PPT

Report Description


The wind turbine tower market size is estimated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of market is attributed to increasing demand of electricity during the forecast period.

Wind Turbine Tower Market Key Takeaways

The wind turbine tower is nothing but the tall structure of steel or other materials which carries the blade rotor. The tower for large wind turbines is made from the concrete, steel or lattice towers which have a high strength. The lattice tower is manufactured by using welded steel profile. The length of the wind turbine tower is depending on the energy generation capacity of turbine and the size of its blade. The height of the wind turbine tower is depend on the air flow and efficiency.

The Covid-19 pandemic affected the demand and supply of the wind turbine tower market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

  • Increasing investment towards the renewable energy resources is expected to drive the wind turbine tower market during the forecast period.
  • The major demand for wind turbine in the Asia pacific countries is projected to drive the wind turbine market during the forecast period.
  • Supportive government initiative and policies are estimated to boost the market during forecast period.
  • Initial cost of the wind turbine tower and maintenance is hampering the market growth during the forecast period.
  • Alternative energy resources such as solar energy are hindering the market growth during the forecast period.
  • Emerging market such as Africa which has various geographical locations that could be suitable for wind energy is fueling the wind turbine tower market during the forecast period.

Scope of the Report 

The report on the wind turbine tower market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Wind Turbine Tower Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Tubular Steel Towers, Concrete Towers, Lattice Towers, and Guyed Pole Towers), Deployments (Onshore and Offshore)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Valmont Industries Inc.; Trinity Structural Towers Inc.; Broadwind Energy Inc.; Dongkuk S&C; KGW Schweriner Maschinen- und Anlangenbau GmbH

Market Segment Insights

The concrete tower segment is expected to grow at a rapid pace

Based on types, the wind turbine tower market is divided into tubular steel towers, concrete towers, lattice towers, and guyed pole towers. The concrete tower segment is expected to grow at a rapid pace during the forecast period because these towers have high strength, require low transportation cost, and material required to build the tower is available locally. The concrete tower is more cost effective than the steel structure tower for the large, tall and heavy blade wind turbine. In 2018, the United States government impose 25% taxes on steel import which raised price of steel. However, the lattice towers segment is anticipated to hold a key market share during the forecast period because of the its high strength.

The onshore segment is anticipated to constitute a key market share

On the basis of deployments, the wind turbine tower market is bifurcated into onshore and offshore. The onshore segment is anticipated to constitute a key market share during the forecast period because of its low carbon emission and economic cost structure as compare to others segment.

Asia pacific is anticipated to constitute a key market share

In terms of regions, the wind turbine tower market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia pacific is anticipated to constitute a key market share during the forecast period owing to the efforts to increase the share of cleaner and renewable sources in power generation and favorable government policies. All countries in this region are shifted towards renewable resources this is estimated to drive the market in the coming years.

Wind Turbine Tower Market By Regions

Segments

The wind turbine tower market has been segmented on the basis of

Types
  • Tubular Steel Towers
  • Concrete Towers
  • Lattice Towers
  • Guyed Pole Towers
Deployments
  • Onshore
  • Offshore
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Valmont Industries Inc.
  • Trinity Structural Towers Inc.
  • Broadwind Energy Inc.
  • Dongkuk S&C
  • KGW Schweriner Maschinen- und Anlangenbau GmbH

Competitive Landscape

Key players competing in the wind turbine tower market include Valmont Industries Inc.; Trinity Structural Towers Inc.; Broadwind Energy Inc.; Dongkuk S&C; and KGW Schweriner Maschinen- und Anlangenbau GmbH

These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.

Wind Turbine Tower Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Turbine Tower Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wind Turbine Tower Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wind Turbine Tower Market - Supply Chain
  4.5. Global Wind Turbine Tower Market Forecast
     4.5.1. Wind Turbine Tower Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wind Turbine Tower Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Wind Turbine Tower Market Absolute $ Opportunity
5. Global Wind Turbine Tower Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Wind Turbine Tower Market Size and Volume Forecast by Types
     5.3.1. Tubular Steel Towers
     5.3.2. Concrete Towers
     5.3.3. Lattice Towers
     5.3.4. Guyed Pole Towers
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wind Turbine Tower Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Wind Turbine Tower Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Wind Turbine Tower Demand Share Forecast, 2019-2026
7. North America Wind Turbine Tower Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Wind Turbine Tower Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Wind Turbine Tower Market Size and Volume Forecast by Types
     7.4.1. Tubular Steel Towers
     7.4.2. Concrete Towers
     7.4.3. Lattice Towers
     7.4.4. Guyed Pole Towers
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Wind Turbine Tower Demand Share Forecast, 2019-2026
8. Latin America Wind Turbine Tower Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Wind Turbine Tower Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Wind Turbine Tower Market Size and Volume Forecast by Types
     8.4.1. Tubular Steel Towers
     8.4.2. Concrete Towers
     8.4.3. Lattice Towers
     8.4.4. Guyed Pole Towers
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Wind Turbine Tower Demand Share Forecast, 2019-2026
9. Europe Wind Turbine Tower Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Wind Turbine Tower Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Wind Turbine Tower Market Size and Volume Forecast by Types
     9.4.1. Tubular Steel Towers
     9.4.2. Concrete Towers
     9.4.3. Lattice Towers
     9.4.4. Guyed Pole Towers
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Wind Turbine Tower Demand Share Forecast, 2019-2026
10. Asia Pacific Wind Turbine Tower Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Wind Turbine Tower Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Wind Turbine Tower Market Size and Volume Forecast by Types
     10.4.1. Tubular Steel Towers
     10.4.2. Concrete Towers
     10.4.3. Lattice Towers
     10.4.4. Guyed Pole Towers
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Wind Turbine Tower Demand Share Forecast, 2019-2026
11. Middle East & Africa Wind Turbine Tower Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Wind Turbine Tower Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Wind Turbine Tower Market Size and Volume Forecast by Types
     11.4.1. Tubular Steel Towers
     11.4.2. Concrete Towers
     11.4.3. Lattice Towers
     11.4.4. Guyed Pole Towers
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Wind Turbine Tower Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Wind Turbine Tower Market: Market Share Analysis
  12.2. Wind Turbine Tower Distributors and Customers
  12.3. Wind Turbine Tower Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Valmont Industries Inc.
     12.4.2. Trinity Structural Towers Inc.
     12.4.3. Broadwind Energy Inc.
     12.4.4. Dongkuk S&C
     12.4.5. KGW Schweriner Maschinen- und Anlangenbau GmbH

Methodology

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