Global Wind Tower Market Size study & Forecast, by Type (Steel Tower, Concrete Tower, and Hybrid Tower) by Installation (Onshore and Offshore), and Regional Analysis, 2022-2029

Description

List of Tables

Global Wind Tower Market is valued at approximately USD 22.65 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2022-2029. The nacelle and wind turbine are located at the top of a tall structure called a wind tower. The wind tower's length is mostly influenced by the turbine's ability to produce energy and the size of its blades. Huge wind tower blades that are not lifted high enough run the risk of slamming against nearby objects. Therefore, picking a wind tower with the proper height is essential to keeping the long blades of the wind turbine clear of the ground and other objects. The Wind Tower Market is expanding because of factors such as rising favorable renewable energy policies and rising investment in wind energy.

According to International European Agency, the global renewable electricity capacity is expected to rise more than 60% by the year 2026 from 2020 levels to over 4 800 GW. With the rising adoption of renewable electricity, the demand for wind towers are also rising. Furthermore, the market is anticipated to be driven by the shift toward decarbonizing power generation by embracing green and clean energy technology. By continually putting in place renewable energy systems, several nations ensure that their renewable energy goals are met in collaboration with top private organizations. Many businesses are turning to renewable energy sources, particularly solar and wind power, for power generation as a result of environmental laws. This is resulting in accelerated market growth. The International Energy Association (IEA) estimates that in 2021, the production of electricity from wind climbed by a record 273 TWh. This growth rate was the greatest of all renewable energy technologies and was 45% greater than in 2020. In addition, the rising Installation of Renewable Resources for Power Generation is creating lucrative growth in the market.

The key regions considered for the Global Wind Tower Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. During the projection period, Asia Pacific is anticipated to hold the largest market share for wind towers worldwide. Onshore wind installation in the area is in the forefront. Energy demand is rising in major nations such as China, India, and Australia as a result of brisk urbanization and industrialization. Whereas Europe is expected to grow with the highest CAGR during the forecast period, as the installation of wind farms is rapidly rising, and favourable government policies are the main drivers of market expansion in Europe. Another element fostering market expansion is the region's government's focus on enhancing wind installation.

Major market player included in this report are:

Nordex Group
Suzlon Energy Ltd
Broadwind Energy Inc
Ventower Industries LLC
Arcosa Inc.
Windar renovables
Shanghai Taisheng Wind Power Equipment Co., Ltd.
Dongkuk s&c
KGW Schweriner Maschinen- und Anlagenbau GmbH
CS Wind Corporation

Recent Developments in the Market:

In September 2022, A renowned international manufacturer of wind turbines placed an order with Broadwind Inc. for a new tower worth USD 38 million. With the recent approval of the Inflation Reduction Act, the demand for new wind turbines started to increase, and this order for a tower represented the highest in more than three years (IRA).
In December 2020, A deal was signed between Veolia North America and GE Renewable for the recycling of U.S. onshore wind turbine blades. Through this agreement, GE hopes to recycle most of the blades that were changed throughout the repowering process.

Global Wind Tower Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Installation, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Typeofferings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Steel Tower
Concrete Tower
Hybrid Tower

By Installation:

Onshore
Offshore

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Wind Tower Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Wind Tower Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Wind Tower Market, by Installation, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Wind Tower Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Wind Tower Market Dynamics

3.1. Wind Tower Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Favourable Renewable Energy Policies
  - 3.1.1.2. Rising Investment in Wind Energy
- 3.1.2. Market Challenges
  - 3.1.2.1. Fluctuating Prices of Steel
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising Installation of Renewable Resources for Power Generation

Chapter 4. Global Wind Tower Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Wind Tower Market, by Type

6.1. Market Snapshot
6.2. Global Wind Tower Market by Type, Performance - Potential Analysis
6.3. Global Wind Tower Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Wind Tower Market, Sub Segment Analysis
- 6.4.1. Steel Tower
- 6.4.2. Concrete Tower
- 6.4.3. High Tower

Chapter 7. Global Wind Tower Market, by Installation

7.1. Market Snapshot
7.2. Global Wind Tower Market by Installation, Performance - Potential Analysis
7.3. Global Wind Tower Market Estimates & Forecasts by Installation 2019-2029 (USD Billion)
7.4. Wind Tower Market, Sub Segment Analysis
- 7.4.1. Onshore
- 7.4.2. Offshore

Chapter 8. Global Wind Tower Market, Regional Analysis

8.1. Wind Tower Market, Regional Market Snapshot
8.2. North America Wind Tower Market
- 8.2.1. U.S. Wind Tower Market
  - 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. Installation breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Wind Tower Market
8.3. Europe Wind Tower Market Snapshot
- 8.3.1. U.K. Wind Tower Market
- 8.3.2. Germany Wind Tower Market
- 8.3.3. France Wind Tower Market
- 8.3.4. Spain Wind Tower Market
- 8.3.5. Italy Wind Tower Market
- 8.3.6. Rest of Europe Wind Tower Market
8.4. Asia-Pacific Wind Tower Market Snapshot
- 8.4.1. China Wind Tower Market
- 8.4.2. India Wind Tower Market
- 8.4.3. Japan Wind Tower Market
- 8.4.4. Australia Wind Tower Market
- 8.4.5. South Korea Wind Tower Market
- 8.4.6. Rest of Asia Pacific Wind Tower Market
8.5. Latin America Wind Tower Market Snapshot
- 8.5.1. Brazil Wind Tower Market
- 8.5.2. Mexico Wind Tower Market
- 8.5.3. Rest of Latin America Wind Tower Market
8.6. Rest of The World Wind Tower Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. Nordex Group
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Suzlon Energy Limited
- 9.2.3. Broadwind Energy Inc
- 9.2.4. Ventower Industries LLC
- 9.2.5. Arcosa Inc.
- 9.2.6. Windar renovables
- 9.2.7. Shanghai Taisheng Wind Power Equipment Co., Ltd.
- 9.2.8. Dongkuk s&c
- 9.2.9. KGW Schweriner Maschinen- und Anlagenbau GmbH
- 9.2.10. CS Wind Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Wind Tower Market, report scope
TABLE 2. Global Wind Tower Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Wind Tower Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Wind Tower Market estimates & forecasts by Installation 2019-2029 (USD Billion)
TABLE 5. Global Wind Tower Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Wind Tower Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Wind Tower Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Wind Tower Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Wind Tower Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Wind Tower Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Wind Tower Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Wind Tower Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Wind Tower Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Wind Tower Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Wind Tower Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Wind Tower Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Wind Tower Market
TABLE 70. List of primary sources, used in the study of global Wind Tower Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Wind Tower Market, research methodology
FIG 2. Global Wind Tower Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Wind Tower Market, key trends 2021
FIG 5. Global Wind Tower Market, growth prospects 2022-2029
FIG 6. Global Wind Tower Market, porters 5 force model
FIG 7. Global Wind Tower Market, pest analysis
FIG 8. Global Wind Tower Market, value chain analysis
FIG 9. Global Wind Tower Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Wind Tower Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Wind Tower Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Wind Tower Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Wind Tower Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Wind Tower Market, regional snapshot 2019 & 2029
FIG 15. North America Wind Tower Market 2019 & 2029 (USD Billion)
FIG 16. Europe Wind Tower Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Wind Tower Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Wind Tower Market 2019 & 2029 (USD Billion)
FIG 19. Global Wind Tower Market, company Market share analysis (2021)