Wind
Tower Market– Overview
The
energy conservation reforms globally have increased the application of wind
towers to tap natural energy sources. Market reports connected to the energy
and power industry have been offered by Market Research Future which makes
reports on other industry verticals that aims to study the current market
scenarios better. The market is anticipated to progress with a CAGR of 7.45%
while garnering revenues worth USD 26 billion by the end of the forecast
period.
The
technological innovation in the wind tower market is spurring the growth of the
market in the forecast period. The surging demand for clean and affordable
energy is expected to motivate the wind
tower market analysis. Moreover, the enhancements in the wind turbine
systems are expected to reinforce the development of the market for wind towers
in the coming years.
Segmental
Analysis
The
segmentation of the wind tower market is carried out on the basis of product,
application, and region. On the basis of product, the wind tower market is
segmented into concrete, tubular steel, hybrid and other. Based on application,
the wind tower market is segmented into offshore and Onshore. The regions
included in the wind tower market are Europe, North America, Asia Pacific and
rest of the world.
Regional
Analysis
The
wind tower market is segmented into regions such as Europe, North America, Asia
Pacific and rest of the world for the regional analysis of the market. The
European region is presently directing the growth in the wind tower market and
is followed by the North American region. The European governments and the EU
has supported wind projects with advantageous incentives, as part of their
carbon emission reduction goals. The Asia Pacific region is anticipated to
develop through the forecast period owing to several reasons. The growing wind
power generation capacity, strict environmental regulations for emissions from
burning conventional fuel, growing demand for larger blades, and amplified
government support for wind power projects, are among a few of the key factors motivating
wind tower market’s growth. Presently, China has a major number of wind energy
projects under the planning and construction phase, which is trailed by South
Korea and Japan. These countries are contributing to the overall market growth
due to the progressively rising electricity requirements, swift urbanization
and technological progress in the region.
Competitive
Analysis
The
key companies of the global wind tower market are Enercon GmbH (Germany), CS
Wind Corporation (South Korea), Trinity Structural Towers, Inc. (U.S.), Siemens
AG (Germany), Vestas Wind Systems A/S (Denmark), Suzlon Energy Limited (India),
Valmont Industries, Inc. (U.S.), General Electric (U.S.), Ambau (Germany), and
Broadwind Energy (U.S.).
Related
Reports:
No comments:
Post a Comment