Wind Turbine Tower Market, by Type (Tubular, Lattice, and Others), by Installation (Onshore and Offshore), by Region (Americas, Asia-Pacific, Europe, and Middle-East and Africa) – Global Trend & Forecast To 2019
Wind turbine towers are one of the most crucial components of a wind turbine system in terms of cost as well as dimension. The wind turbine tower market is dependent on changing design trends in the global wind turbine market. Growing use of higher blade sizes in the construction of wind turbine to provide better returns have had a strong impact over the design and manufacturing of wind turbine towers. Off late, blades of more than 38 meters length are being increasingly used in the construction of wind turbines which have insinuated a demand for longer turbine towers. Increasing investments towards renewable energy generation is also one of the key factors boosting the market for wind turbine towers.
The market has been segmented on the basis of type, application and region in terms of value ($Million). The market segmentation by type has been done on the basis of construction into type’s tubular, lattice, and others. The market segments for wind turbine tower installation include onshore and offshore.
The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past four years. In the report market drivers, restraints, opportunities, and challenges of the market are discussed in detail. The key players in the market such as Bergey WindPower Co. (U.S.), Broadwind Energy (U.S.), Dongkuk S&C (Korea), Trinity structural towers (U.S.), Xzeres Wind Corp. (U.S.) and Wind towers (Scotlan) have been profiled in this report to provide an insight of the competitive scenario in the global wind turbine tower market. The growth strategies adopted by these key players have also been tracked to understand the competitive scenario in this market.
Figure 1 Wind Turbine Tower Market Size, 2012–2019 ($Million)
Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis
Asia-Pacific held the largest market share of around 50% and dominates the wind turbine tower market in terms of cumulative installed capacity, in 2013. Developed markets of Europe and North America, also contribute a fair share of about 30% and 10% respectively to the wind turbine tower market. Changing energy and power sector scenario with increasing importance towards renewable power generation, is one of the important factors boosting the wind turbine tower market. Favorable energy policies such as Feed-in tariffs, residential net metering, and generation tax credits being implemented in developed regions are enhancing the demand for wind turbine towers. With the demand set to increase in coming years, economies of scale would help reduce the manufacturing cost, thereby subsiding cost as an obstacle for this market.
Get online access to the report on the World's First Market Intelligence Cloud
Request Sample Scope of the Report
This report on the wind turbine tower market has been segmented on the basis of type, application, and region and has been listed below.
On the basis of type
•Tubular
•Lattice
•Others
On the basis of installation
•Onshore
•Offshore
On the basis of Region
•Americas
•Europe
•Asia-Pacific
•Middle – East and Africa
Growth opportunities and latent adjacency in Wind Turbine Tower Market, by Type (Tubular, Lattice, and Others), by Installation (Onshore and Offshore), by Region (Americas, Asia-Pacific, Europe, and Middle-East and Africa)