Global wind tower market is expected to grow at a CAGR of 10.2% from 2017 to 2025

Wind towers are tall structures, which carry nacelles, rotors, and other components. These are used to position wind turbines and rotors to an optimum height to produce electricity using the kinetic energy of wind. The capacity of the turbine for energy generation and the size of its blades determine the length of the wind tower. Tall wind towers support the rotor blades of the wind turbine to clear contact with the ground. Taller wind towers get access to higher wind speed and steady wind conditions thereby minimizing turbulences and increasing wind energy harvesting time. As a result, performance of the wind energy plant is maximized by increasing the wind energy production. The global wind tower market is expected to grow at a CAGR of 10.2% from 2017 to 2025.

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The global wind tower market is segmented based on type, installation, and geography. Based on type, the market is divided into tubular steel tower, lattice tower, and others which include concrete, hybrid, and guyed towers. By installation, the market is classified into onshore and offshore markets. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Reducing dependency on conventional energy sources
Increase in government initiatives for energy production from renewable sources
Restraints:

Higher initial cost as compared with conventional power generation
Inaccessibility of potential sites

MARKET LANDSCAPE

By Type
Tubular Steel Tower
Lattice Tower
Others (Concrete, Hybrid, and Guyed Towers)

By Installation
Onshore
Offshore

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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe

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Table Of Contents:

1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
4. Market by Type
4.1. By Type
4.1.1. Tubular Steel Tower
4.1.1.1. Historical Market Size by Region, 2014-2016
4.1.1.2. Market Forecast by Region, 2017-2025

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