Wind turbine towers can be tubular, lattice structured
or guyed pole towers. Concrete towers are most popular structures for wind
projects. Turbine towers are made in sections and assembled on site. Increasing
capacities of modern wind turbines have resulted in larger rotor diameters.
This has necessitated higher towers. Taller towers are, increasingly, becoming
popular as wind profiles are stronger at greater heights.
The growth in this sector is due to the increasing
demand for clean and reliable energy to reduce the global carbon emissions, and
to maintain ecological balance by generating electricity through renewable
resources. However, high initial capital cost of projects with high maintenance
cost and logistics issues, can hinder the wind tower market. Global Wind tower
market has a very broad market in recent years. MRFR analysts have predicted
that wind tower market is about to grow at a rapid pace. Moreover, the economic
growth with emissions reduction have given the growth, momentum.
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Scope of the Report
This study provides an overview of the global wind
tower market, tracking two market segments across four geographic regions. The
report studies key players, providing a five-year annual trend analysis that
highlights market size, volume and share for North America, Europe, Asia
Pacific (APAC) and Rest of the World (ROW). The report also provides a
forecast, focusing on the market opportunities for the next five years for each
region. The scope of the study segments the global Wind tower market by its
component type, by location and by region.
Key Players
The key players of global wind tower market are Suzlon
Energy Limited (India), Enercon GmbH (Germany), CS Wind Corporation (South
Korea), General Electric (U.S.), Siemens AG (Germany), Trinity Structural
Towers, Inc. (U.S.) , Vestas Wind Systems A/S (Denmark), Valmont
Industries, Inc. (U.S.), Ambau (Germany), and Broadwind Energy (U.S.)
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Regional
Outlook
The wind tower market in the Europe region is currently
leading, and is followed by North America and Asia Pacific market. However,
North America is expected to grow at the highest CAGR, owing to the approval of
various wind tower farm projects in countries such as U.S. and Canada. This is
because there has been substantial investment into non-conventional electricity
generation. These factors will drive the market for wind tower market in North
America during the forecast period.
European governments and the EU, as a whole, have
supported wind projects with favourable incentives, as part of their carbon
emission reduction goals. The United Kingdom heads the field, with 46% of
global installed capacity, in 2015, followed by Germany (30%) and Denmark
(11.5%). Europe is currently the leading region in wind tower market, and is
followed by North America.
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