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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