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Global wind tower market is expected to grow at a CAGR of 10.2% from 2017 to 2025

Global wind tower market is expected to grow at a CAGR of 10.2% from 2017 to 2025

The global wind tower market is expected to grow at a CAGR of 10.2% from 2017 to 2025.

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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.

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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. 

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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 LANDSCAPE

By Type

Tubular Steel Tower

Lattice Tower

Others (Concrete, Hybrid, and Guyed Towers)

By Installation

Onshore

Offshore

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By Geography

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

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Table Of Contents:
Executive summary

1.1. Key Findings

1.2. Market Attractiveness and Trend analysis

1.3. Competitive Landscape and recent industry development analysis
Introduction

2.1. Report Description

2.2. Scope and Definitions

2.3. Research Methodology
Market landscape

3.1. Growth Drivers

3.1.1. Impact Analysis

3.2. Restrains and Challenges

3.2.1. Impact Analysis

3.3. Porter’s Analysis
Market by Type

4.1. By Type

4.1.1. Tubular Steel Tower

4.1.1.1. Historical Market Size by Region, 2014-2016

4.1.1.2. Market Forecast by Region, 2017-2025

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