Wind Tower 2018 Market Size, Share and Emerging Technologies | Leading Key Players Update and Segmentation by Forecast to 2023

Market Highlights:-

The market for wind towers, which forms a major part of a wind turbine system both cost wise and size wise, is directly related to the market for wind turbines. The shift towards clean renewable energy is the main driver for the wind energy market, and therefore the turbine tower market. The global wind tower market is expected to reach more than USD 26 Billion by 2023 with a CAGR of 7.45%.

In 2016, Siemens has announced the commercial launch of a concrete wind turbine tower technology that places turbines in stronger winds, at higher altitudes, which results in more potential energy production and increased project revenue for customers. This technology is part of an ongoing commitment to use innovation to expand wind power in the United States and around the globe.

The growth in wind energy 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.

 

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Scope of the Report:-

The scope of the study segments the global Wind tower market by its component type, by location and by region.

  • By Product
  • Tubular Steel
  • Concrete
  • Hybrid
  • other
  • By Application
  • Onshore
  • Offshore
  • By Regions
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

Industry Major Key Players:-

The key players of global wind tower market are Trinity Structural Towers, Inc. (U.S.) , Suzlon Energy Limited (India), Enercon GmbH (Germany), CS Wind Corporation (South Korea), General Electric (U.S.), Siemens AG (Germany), Vestas Wind Systems A/S (Denmark),  Valmont Industries, Inc. (U.S.), Ambau (Germany), and Broadwind Energy (U.S.).

Extensive research in this market has brought to light that contract is a key strategy adopted, extensively, by the players to spread their geographical presence and achieve operational efficiencies. Agreements & Partnerships, are also major strategies adopted by the major players in the global Wind tower market. This strategy is widely adopted to increase the number of offerings to the customer.


Table of content:-

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

 

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

5 GLOBAL WIND TOWER MARKET, BY PRODUCT

 

To be continued………

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Regional Analysis:-

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.

Asia Pacific is expected to grow during the forecast period due to many reasons. Increasing wind power generation capacity, stringent environmental regulations for emissions from burning conventional fuel, increasing demand of larger blades, and increased government support for wind power projects, are some of them. Currently, China has the largest number of wind energy projects under planning and construction phase, which is followed by Japan and South Korea.

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