Global Wind Turbine Tower Market, By Type (Tubular Steel Towers, Concrete Towers, Lattice Towers, Guyed Pole Towers), By Deployment (Onshore, Offshore), and opportunities and forecast 2020-2027
Wind Turbine Tower Market Overview
The global Wind Turbine Tower market is expected to rise at striking rate in the forthcoming years. In terms of cost and size, wind turbine towers are one of the most important components of a wind turbine system. The wind turbine tower market is influenced by the global wind turbine market's changing design trends. The increasing usage of larger blade sizes in wind turbine construction to give better returns has had a significant impact on wind turbine tower design and production. Wind turbine blades longer than 38 metres are increasingly being employed in the construction of wind turbines, implying a demand for longer turbine towers. One of the primary factors driving the market for wind turbine towers is increased investment in renewable energy generation.
Report Metric
Details
Market size available for years
2019–2027
Base year considered
2019
Forecast period
2020–2027
Forecast unit
Value (USD Million)
Segments covered
Type, Deployment, and Region.
Regions covered
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered
Bergey WindPower Co., Broadwind Energy Inc., Dongkuk S&C, Trinity structural towers, Xzeres Wind Corp., Wind towers, Valmont Industries Inc., KGW Schweriner Maschinen- und Anlangenbau GmbH, Speco Technologies Co. Ltd, Titan Wind Energy A/S, CS Wind Corporation, Vestas Wind Systems A/S, Suzlon Energy Ltd, Enercon GmbH.
Covid-19 Impact on Wind Turbine Tower Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Wind Turbine Tower Market Segment Overview
Based on Type, Concrete Towers is the largest segment in the global Wind Turbine Tower market. These towers are strong, require little transportation, and the materials needed to construct them are commonly available locally. Large turbines are larger, heavier, and require larger rotors. They are also higher. Because of their tremendous strength, concrete wind towers are more cost-effective than tubular steel towers for these types of turbines.
Region-Wise, Asia-Pacific grasp the maximum share of the global Wind Turbine Tower market. Furthermore, developed markets of Europe and North America, also contribute a remarkable share to the wind turbine tower market. One of the major drivers driving the wind turbine tower market is the changing energy and power sector scenario, with a growing emphasis on renewable energy generation. In developed regions, favorable energy regulations such as feed-in tariffs, residential net metering, and generation tax credits are increasing demand for wind turbine towers.
Wind Turbine Tower Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Wind Turbine Tower Market, Key Players
· Bergey WindPower Co. · Broadwind Energy Inc. · Dongkuk S&C · Trinity structural towers · Xzeres Wind Corp. · Wind towers · Valmont Industries Inc. · KGW Schweriner Maschinen- und Anlangenbau GmbH · Speco Technologies Co. Ltd · Titan Wind Energy A/S · CS Wind Corporation · Vestas Wind Systems A/S · Suzlon Energy Ltd · Enercon GmbH
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Wind Turbine Tower market?
A. One of the primary factors driving the market for wind turbine towers is increased investment in renewable energy generation
Q2. Which Segments are covered in the Wind Turbine Tower Market report?
A. Type, Deployment, and Region. these segments are covered in the Wind Turbine Tower market report.
Q3. Which segment is projected to hold the largest share in the Wind Turbine Tower Market?
A. Concrete Towers segment is projected to hold the largest share in the Wind Turbine Tower Market.
Q4. Which region holds the largest share in the Wind Turbine Tower market?
A. Asia-Pacific held the largest share in the global Wind Turbine Tower market
Q5. Which are the prominent players in the Wind Turbine Tower Market?
A. Bergey WindPower Co., Broadwind Energy Inc., Dongkuk S&C, Trinity structural towers, Xzeres Wind Corp., Wind towers, Valmont Industries Inc., KGW Schweriner Maschinen- und Anlangenbau GmbH, Speco Technologies Co. Ltd, Titan Wind Energy A/S, CS Wind Corporation, Vestas Wind Systems A/S, Suzlon Energy Ltd, Enercon GmbH. are some key players in the Wind Turbine Tower Market.
Wind Turbine Tower Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Tubular Steel Towers
5.2.2. Concrete Towers
5.2.3. Lattice Towers
5.2.4. Guyed Pole Towers
5.3. Market Analysis, Insights and Forecast – By Deployment
5.3.1. Onshore
5.3.2. Offshore
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America, Middle East and Africa
6. North America Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. Tubular Steel Towers
6.2.2. Concrete Towers
6.2.3. Lattice Towers
6.2.4. Guyed Pole Towers
6.3. Market Analysis, Insights and Forecast – By Deployment
6.3.1. Onshore
6.3.2. Offshore
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type
7.2.1. Tubular Steel Towers
7.2.2. Concrete Towers
7.2.3. Lattice Towers
7.2.4. Guyed Pole Towers
7.3. Market Analysis, Insights and Forecast – By Deployment
7.3.1. Onshore
7.3.2. Offshore
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia Pacific Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. Tubular Steel Towers
8.2.2. Concrete Towers
8.2.3. Lattice Towers
8.2.4. Guyed Pole Towers
8.3. Market Analysis, Insights and Forecast – By Deployment
8.3.1. Onshore
8.3.2. Offshore
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. South East Asia
8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Wind Turbine Tower Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. Tubular Steel Towers
9.2.2. Concrete Towers
9.2.3. Lattice Towers
9.2.4. Guyed Pole Towers
9.3. Market Analysis, Insights and Forecast – By Deployment
9.3.1. Onshore
9.3.2. Offshore
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil
9.4.2. Saudi Arabia
9.4.3. UAE
9.4.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Bergey WindPower Co.
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Broadwind Energy Inc.
10.6. Dongkuk S&C
10.7. Trinity structural towers
10.8. Xzeres Wind Corp.
10.9. Wind towers
10.10. Valmont Industries Inc.
10.11. KGW Schweriner Maschinen- und Anlangenbau GmbH
10.12. Speco Technologies Co. Ltd
10.13. Titan Wind Energy A/S
10.14. CS Wind Corporation
10.15. Vestas Wind Systems A/S
10.16. Suzlon Energy Ltd
List of Figures
Figure 1: Global Wind Turbine Tower Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Wind Turbine Tower Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Wind Turbine Tower Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Wind Turbine Tower Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Wind Turbine Tower Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Wind Turbine Tower Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Wind Turbine Tower Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Wind Turbine Tower Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Wind Turbine Tower Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Wind Turbine Tower Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Wind Turbine Tower Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Wind Turbine Tower Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Wind Turbine Tower Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Wind Turbine Tower Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Wind Turbine Tower Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Wind Turbine Tower Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Wind Turbine Tower Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Wind Turbine Tower Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Wind Turbine Tower Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Wind Turbine Tower Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Wind Turbine Tower Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Wind Turbine Tower Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Wind Turbine Tower Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Wind Turbine Tower Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Wind Turbine Tower Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Wind Turbine Tower Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Wind Turbine Tower Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Wind Turbine Tower Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Wind Turbine Tower Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Wind Turbine Tower Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Wind Turbine Tower Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Wind Turbine Tower Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Wind Turbine Tower Market Revenue (USD Billion) Forecast, by Country, 2016-2027
