Wind Tower Market – Size, Trend, Share, Opportunity Analysis, Company Profiles and Forecast, 2014-2025
Wind towers are tall structures, which carry nacelles, rotors, and other components. These are used to position wind turbines and rotors to an optimum height to produce electricity using the kinetic energy of wind. The capacity of the turbine for energy generation and the size of its blades determine the length of the wind tower. Tall wind towers support the rotor blades of the wind turbine to clear contact with the ground. Taller wind towers get access to higher wind speed and steady wind conditions thereby minimizing turbulences and increasing wind energy harvesting time. As a result, performance of the wind energy plant is maximized by increasing the wind energy production. The global wind tower market is expected to grow at a CAGR of 10.2% from 2017 to 2025.
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The Global Wind Tower Market is segmented based on type, installation, and geography. Based on type, the market is divided into tubular steel tower, lattice tower, and others which include concrete, hybrid, and guyed towers. By installation, the market is classified into onshore and offshore markets. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
- Reducing dependency on conventional energy sources
- Increase in government initiatives for energy production from renewable sources
Restraints:
- Higher initial cost as compared with conventional power generation
- Inaccessibility of potential sites
Market Players:
The Top Players in the global wind tower market include CS Wind Corporation, ENERCON GmbH, General Electric Corporation, KGW Schweriner Maschinen-und Anlagenbau GmbH, Shanghai Taisheng Wind Power Equipment Co. Ltd., Siemens AG, Suzlon Energy Limited., Trinity Structural Towers, Inc., Vestas Wind Systems A/S, and WINDAR Renovables,
KEY TAKEAWAYS
MARKET LANDSCAPE
By Type
- Tubular Steel Tower
- Lattice Tower
- Others (Concrete, Hybrid, and Guyed Towers)
By Installation
- Onshore
- Offshore
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
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Table of Content Contain
1. Executive summary
2. Introduction
3. Market landscape
4. Market by Type
5. Market by Installation
6. Market by Geography
7. Company profiles
7.1. CS Wind Corporation
7.2. ENERCON GmbH
7.3. General Electric Corporation
7.4. KGW Schweriner Maschinen-und Anlagenbau GmbH
7.5. Shanghai Taisheng Wind Power Equipment Co. Ltd.
7.6. Siemens AG.
7.7. Suzlon Energy Limited.
7.8. Trinity Structural Towers, Inc.
7.9. Vestas Wind Systems A/S
7.10. WINDAR Renovables
List of Tables
30 Tables
List of Figures
43 Tables
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