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Global Wind Tower Market Share, Size, Trends, Analysis, Forecast: By Type: Tubular Steel, Concrete, Lattice, Hybrid, Guyed Pole Towers, Others; By Application: Off-Shore, On-Shore; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Wind Tower Market Outlook
The global wind tower market size reached a value of around USD 25.81 billion in 2022. The market is further expected to grow at a CAGR of 8.10% between 2023 and 2028, to reach a value of USD 40.98 billion by 2028.
Key Trends in the Market
Wind towers refer to the building structures that support wind turbines and all of their components. The tower prevents the turbine's blades from colliding with the ground by supporting the rotor and hub in place. With help from wind towers, wind turbines are positioned at the ideal height to harness the force of the wind.
- The key wind tower market trends propelling the growth of the market are the increasing need for electricity, rapid adoption of green energy, expanding population, aims to reduce greenhouse gas emissions, and the depletion of fossil resources.
- To encourage sustainability, governments all around the world are spending money on researching and implementing renewable energy sources. Thus, the increasing adoption of renewable energy is expected to support the wind tower market growth globally.
- Technical advancements and greater investments in research and innovation to make wind towers more resilient, efficient, and cost-effective are further supporting the wind tower global market.
Global Wind Tower Market Analysis
Based on type, the market is divided into tubular steel, concrete, lattice, hybrid, and guyed pole towers, among others. The wind tower market segmentation, on the basis of application, is off-shore and on-shore. The regional markets for wind towers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global wind tower market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- ENERCON GmbH
- CS Wind Corporation
- Arcosa Wind Towers, Inc.
- Vestas Wind Systems A/S
- Shanghai Taisheng Wind Power Equipment Co. Ltd.
- WINDAR Renovables
- KGW SchwerinerMaschinen-und Anlagenbau GmbH
- Others
Global Wind Tower Market Share by Type
The concrete wind tower segment by type is expected to witness rapid growth in the market for wind towers as these towers are strong, transporting them is inexpensive, and most of the materials are readily available. It is anticipated that the major factors driving the demand for concrete wind towers will be the increasing usage of large wind turbines, relatively high-cost stability of concrete towers, reduced transportation costs, and locally available concrete tower materials.
Global Wind Tower Market Share by Region
Asia Pacific is anticipated to be one of the leading regions for wind towers due to favourable policies of governments in the region and attempts to boost the use of cleaner and renewable sources in electricity generation. Due to rapid urbanisation and economic development, major countries like China, India, and Australia require more energy than other nations, thus increasing the wind tower market demand.
Competitive Landscape
ENERCON GmbH, founded in 1984 and headquartered in Aurich, Germany, produces and distributes wind energy converters (WEC). The company manufactures rotor blades, annular generators, inverters, cast components, towers, and machine housing in addition to other WEC parts.
Arcosa Wind Towers, Inc., headquartered in Texas in the United States, is a growth-oriented supplier of infrastructure-related goods and services with dominant positions in the building, energy, and transportation sectors. Founded in 2000, the company is also a leading manufacturer of structural wind towers in North America.
Vestas Wind Systems A/S, founded in 1945 and headquartered in Aarhus, Denmark, is an international partner to the energy sector for sustainable energy solutions. The company creates, produces, installs, and offers services for onshore and offshore power converters, wind turbines, blades, and towers.
Other market players include CS Wind Corporation, Shanghai Taisheng Wind Power Equipment Co. Ltd., WINDAR Renovables, and KGW SchwerinerMaschinen-und Anlagenbau GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wind Tower Market Analysis
8.1 Key Industry Highlights
8.2 Global Wind Tower Historical Market (2018-2022)
8.3 Global Wind Tower Market Forecast (2023-2028)
8.4 Global Wind Tower Market by Type
8.4.1 Tubular Steel
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Concrete
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Lattice
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Hybrid
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Guyed Pole Towers
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Wind Tower Market by Application
8.5.1 Off-Shore
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 On-Shore
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Wind Tower Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Wind Tower Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Wind Tower Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Wind Tower Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Wind Tower Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Wind Tower Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ENERCON GmbH
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 CS Wind Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Arcosa Wind Towers, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Vestas Wind Systems A/S
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Shanghai Taisheng Wind Power Equipment Co. Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 WINDAR Renovables
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 KGW SchwerinerMaschinen-und Anlagenbau GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wind Tower Market: Key Industry Highlights, 2018 and 2028
2. Global Wind Tower Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Wind Tower Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Wind Tower Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Wind Tower Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Wind Tower Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Wind Tower Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Wind Tower Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Wind Tower Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Wind Tower Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Wind Tower Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Wind Tower Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Wind Tower Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Wind Tower Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Wind Tower Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Wind Tower Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Wind Tower Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Wind Tower Market Structure
Key Questions Answered in the Report
In 2022, the global market for wind towers attained a value of USD 25.81 billion.
The market for wind towers is projected to grow at a CAGR of 8.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 40.98 billion by 2028.
The major drivers of the market include the rising need for power generation, increasing adoption of wind energy, growing population, and depletion of fossil fuels.
Surging adoption of green energy, favourable policies of various governments, increasing demand for the reduction of greenhouse gas emissions, and rising investments towards research and innovation are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary applications of wind towers in the market are off-shore and on-shore.
The major players in the wind tower market, according to the report, are ENERCON GmbH, CS Wind Corporation, Arcosa Wind Towers, Inc., Vestas Wind Systems A/S, Shanghai Taisheng Wind Power Equipment Co. Ltd., WINDAR Renovables, and KGW SchwerinerMaschinen-und Anlagenbau GmbH, among others.
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