1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy
  5. > Wind Power Market Trends
Global Wind Tower Market Size, Share, Development, Growth and Demand Forecast to 2022  Industry Insights by Tower Type by Application

Global Wind Tower Market Size, Share, Development, Growth and Demand Forecast to 2022 Industry Insights by Tower Type by Application

  • February 2016
  • 89 pages
  • ID: 4402369
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

The global wind tower market was valued at $26,140.5 million in 2015, and it is expected to witness a CAGR of 7.4% during the forecast period. The increasing wind power capacity installations across the globe and increased government support for wind projects are driving the growth of the global wind tower market. Asia-Pacific accounted for the largest share in the global wind tower market with an estimated value $10,014.2 million in 2015.



Wind Tower Market

Wind tower refers to a tall structure, which supports wind turbine and its other components. It holds the nacelle and rotor of a wind turbine. The wind tower supports the wind turbine blades to safely clear the ground. It positions the turbine to an optimum height to produce electric energy from wind. High wind speed is needed for higher capacity turbines. Therefore, the height of wind tower is an important factor for efficient power generation, as the wind speed increases with height. Moreover, tall towers also minimize turbulence, thus maximizing the performance of wind power plants. Wind towers are chosen on the basis of structure and weight of nacelle. The strength of the wind tower largely depends upon the material used, along with its weight and gauge.

Different types of wind towers are used for the efficient generation of wind energy. Tubular steel towers, concrete towers, lattice towers and hybrid towers are used for large wind turbines. Whereas, guyed pole towers are used for small wind turbines. Wind tower being one of the most important parts of a wind turbine would cost 25% to 30% of the total cost of wind turbine. Wind towers are specially designed for different applications. Wind towers are manufactured for onshore wind turbine, as well as offshore wind turbine.

Distinct governments across the globe are are looking for alternative source of energy to reduce their dependency on conventional energy sources. Wind energy is one of the most efficient alternatives for conventional fossil fuel based energy. Therefore, a high growth in the wind energy industry is expected during the forecast period, thus driving the growth of the global wind tower market.

One of the key trends witnessed in the global wind tower market is the increasing job opportunities for skilled labor worldwide. The manufacturing of wind towers require skilled labor, thus providing work opportunity for workers with specialization in electrical engineering, civil engineering, mechanical engineering, and various other field of manufacturing. The high rate of depletion of fossil fuels and increasing demand for sustainable and ecofriendly energy source are indirectly creating ample opportunities for the growth of the global wind tower market.

Based on application, the offshore segment is expected to witness the fastest growth (17.0% CAGR) during 2016–2022 in the global wind tower market. Among the various wind tower types, the tubular steel towers segment held the largest market share with an estimated $23,035.1 million in 2015, and it is expected to reach $39,108.7 million by 2022.

Some of the major players operating in the global wind tower market are CS Wind Corporation, ENERCON GmbH, Trinity Structural Towers, Inc., Vestas Wind Systems A/S, Shanghai Taisheng Wind Power Equipment Co. Ltd., Siemens AG, WINDAR Renovables, General Electric Company, Suzlon Energy Limited and KGW Schweriner Maschinen-und Anlagenbau GmbH.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
China Biopower Analysis: Market Outlook to 2030, Update 2019

China Biopower Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • November 2019

China Biopower Analysis: Market Outlook to 2030, Update 2019SummaryChina Biopower Analysis, Market Outlook to 2030, Update 2019, is the latest report from the industry analysis specialists that offer comprehensive ...

China Thermal Power Analysis: Market Outlook to 2030, Update 2019

China Thermal Power Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • November 2019

China Thermal Power Analysis: Market Outlook to 2030, Update 2019SummaryChina Thermal Power Analysis: Market Outlook to 2030, Update 2019 is the latest report from the industry analysis specialists that ...

EMEA Utilities Industry Quarterly Update: October-December 2019

EMEA Utilities Industry Quarterly Update: October-December 2019

  • $ 4500
  • January 2020

This IDC Market Perspective provides an overview of the utilities industry in 4Q19, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major traditional ...


ref:plp2016

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on