Press release
Wind Tower Market Analysis, Growth, Vendors, Shares, Size, Trends, Challenges with Forecast to 2022
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Based on application, offshore segment is anticipated to witness the highest growth (17.0% CAGR) in the global wind tower market. The global offshore wind tower market is primarily driven by increasing offshore wind capacity, and the number of offshore wind projects in the North Sea, Baltic Sea and Atlantic Ocean. Europe held the major share in the global offshore wind tower market.
Currently, there are very few large scale wind farms, as compared to other regions across the globe. However, several countries across Latin America and Africa are framing regulations to reduce their dependency on petroleum fuels and increase production of renewable energy. This is creating abundant opportunities for the manufacturers of wind towers for their capacity and geographical expansion.
In 2015, Asia-Pacific held the largest share in the global wind tower market. The major reasons behind the growth of the wind tower market in the region are high energy demands in the region and high growth in the wind energy industry. China dominated the Asia-Pacific as well as global wind tower market. The total wind power capacity installed in China was 75.3 GW in 2012, which increased to 114.6 GW in 2014.
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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.
GLOBAL WIND TOWER MARKET SEGMENTATION
By Tower Type
Tubular Steel Towers
Concrete Towers
Hybrid Towers
Lattice Towers
Guyed Pole Towers
By Application
Onshore
Offshore
GEOGRAPHICAL SEGMENTATION
By Region
North America
U.S.
Canada
Europe
Germany
Spain
U.K.
France
Italy
Rest of Europe
Asia-Pacific
China
India
Australia
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Morocco
South Africa
Egypt
Rest of Middle East and Africa
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