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Global Wind Tower Market 2017-2021

Global Wind Tower Market 2017-2021

About Wind Towers

The wind is one of the cleanest sources of power generation. Wind turbines harness the power of the wind to generate electricity. The energy present in the wind turns the blades around a rotor, which is connected to the main shaft that spins a generator to create electricity. A wind tower is the support structure for a wind turbine and its other components. It helps the wind turbine blades to safely clear the ground and elevate the turbine to an optimum height to generate electrical energy from the wind. As speed increases with altitude, it is better to install tall wind towers to produce maximum output.

Technavio’s analysts forecast the global wind tower market to grow at a CAGR of 9.95% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wind tower market for 2017-2021. To calculate the market size, the report considers the annual installed capacity of wind and the average price of wind tower.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Wind Tower Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • CS Wind
  • Enercon
  • Shanghai Taisheng Wind Power Equipment
  • Trinity Structural Towers
  • Vestas
  • WINDAR Renovables
Other prominent vendors
  • AMBAU
  • BiFab
  • Dongkuk Steel
  • DCD Wind Towers
  • Gamesa
  • GE Renewable Energy
  • KGW
  • Siemens
  • Suzlon
  • WinWinD Power Energy
  • Petrosteel
  • Reuther STC
  • Nordex
Market driver
  • Increase in rotor diameter
  • For a full, detailed list, view our report
Market challenge
  • Development of airborne wind turbines
  • For a full, detailed list, view our report
Market trend
  • Increase in demand for clean power
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Wind Tower Market 2017-2021

Technavio recognizes the following companies as the key players in the global wind tower market: CS Wind, Enercon, Shanghai Taisheng Wind Power Equipment, Trinity Structural Towers, Vestas, and WINDAR Renovables

Other Prominent Vendors in the market are: AMBAU, BiFab, Dongkuk Steel, DCD Wind Towers, Gamesa, GE Renewable Energy, KGW, Siemens, Suzlon, WinWinD Power Energy, Petrosteel, Reuther STC, Nordex, and Broadwind Energy

Commenting on the report, an analyst from Technavio’s team said: “Power demand is constantly increasing worldwide. Further growth in population and the global economy is predicted to drive the trend in the future as well. According to the United Nations, global population is expected to increase from 6.7 billion in 2011 to 8.7 billion by 2035. According to the International Energy Agency (IEA), the global demand for power is predicted to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035. Thus, to sustain this economic growth, the face of population rise and increasing development would require substantial amounts of power.”

According to the report, countries worldwide are slowly shifting their focus toward renewable sources to produce power because of the depletion of conventional sources of energy and growing greenhouse gases (GHG) emissions. Wind power is considered to be the most efficient source of power generation among all renewable energy sources. It is also one of the most abundant sources of alternative energy.

Further, the report states that the cost of financing an offshore wind farm is high compared with other renewable power sources. The depth of the water determines the size and type of the wind turbine installed, which influences CAPEX. The installation process differs according to the water level. The length of the transmission cables is another factor that influences the cost. These cables run under water and vary according to the distance between the sea and the shore. In addition, independent power developers face the challenge of raising funds and managing them. However, big utility providers backed by government funding can manage finances and realize a better return on investment (ROI). This is expected to reduce the installation of offshore wind turbines, impacting the wind turbine bearing market adversely.

Companies Mentioned

CS Wind, Enercon, Shanghai Taisheng Wind Power Equipment, Trinity Structural Towers, Vestas, WINDAR Renovables, AMBAU, BiFab, Dongkuk Steel, DCD Wind Towers, Gamesa, GE Renewable Energy, KGW, Siemens, Suzlon, WinWinD Power Energy, Petrosteel, Reuther STC, Nordex, Broadwind Energy.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Cumulative wind installed capacity 2015-2020 (GW)
      • Table Annual installation growth rate by region
    • Cost breakdown of wind turbine components
      • Table Cost breakdown of wind turbine components
    • Technology overview
      • Table Wind turbine components
    • Wind turbine technology value chain
      • Table Wind turbine value chain
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global wind tower market 2016-2021 ($ billions)
      • Table Increase in hub height and the percentage change in wind power generation
      • Table Different types of wind towers and its equivalent power output
      • Table Major companies developing AWES technology
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global wind tower market by application 2017-2021
      • Table Global wind tower market by application 2016-2021 (%)
    • Global wind tower market by application 2017-2021
      • Table Global wind tower market by application 2016-2021($ billions)
    • Global wind tower market by onshore application
      • Table Global wind tower market by onshore application 2016-2021 ($ billions)
      • Table New onshore wind installations in top five countries in 2015 (MW)
    • Global wind tower market by offshore application
      • Table Global wind tower market by offshore application 2016-2021 ($ billions)
      • Table Onshore and offshore wind generation cost comparison ($ per MWh)
  • Market segmentation by product
    • Global wind tower market by product type 2016-2021
      • Table Global wind tower market by product type 2016-2021 (%)
    • Global wind tower market by product type 2016-2021
      • Table Global wind tower market by product type 2016-2021 ($ billions)
    • Global wind tower market by tubular steel towers
      • Table Global wind tower market by tubular steel towers 2016-2021 ($ billions)
    • Global wind tower market by concrete towers
      • Table Global wind tower market by concrete towers 2016-2021 ($ billions)
    • Global wind tower market by other towers
      • Table Global wind tower market by other towers 2016-2021 ($ billions)
  • Geographical segmentation
    • Global wind tower market by geography 2017-2021
      • Table Global wind tower market by geography 2016-2021 (%)
    • Global wind tower market by geography 2017-2021
      • Table Global wind tower market by geography 2016-2021 ($ billions)
    • Wind tower market in APAC
      • Table Wind tower market in APAC 2016-2021 ($ billions)
      • Table Total installed capacity in India 2010-2015 (MW)
      • Table Other prominent APAC countries' wind capacities (MW)
    • Wind tower market in EMEA
      • Table Wind tower market in EMEA 2016-2021 ($ billions)
      • Table Germany wind power capacity 2010-2015 (MW)
      • Table UK wind power capacity 2010-2015 (MW)
    • Wind tower market in Americas
      • Table Wind tower market in Americas 2016-2021 ($ billions)
  • Key leading countries
    • Table Key leading countries
    • Table Total installed capacity in China 2010-2015 (MW)
    • Table Wind power capacity in US 2010-2015 (MW)
  • Market drivers
    • Table Impact of rotor diameter, turbine size, and hub height on annual wind energy production
    • Table Evolution of wind turbine size 1980-2011
    • Table Global wind energy consumption trend 2009-2014 (TWh)
    • Table Wind power installation country wise for 2015 (MW)
    • Table Global cumulative offshore wind installation capacity 2010-2015 (MW)
    • Table New wind installation targets by 2020
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Structural comparison between an AWES and tubular wind tower
    • Table Global electricity generation by source and wind power generation share in global electricity generation 2001-2013 (%)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Countries with renewable targets and policies 2005
    • Table Countries with renewable targets and policies 2015
    • Table New wind installation targets by 2020 (GW)
    • Table Cost of producing electricity in the UK from different sources ($/kW)
    • Table Country-wise onshore wind power LCOE in 2015 ($/kWh)
  • Vendor landscape
    • Competitor landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • CS Wind
    • Enercon
    • Shanghai Taisheng Wind Power Equipment
      • Table Shanghai Taisheng Wind Power Equipment: Business/product segmentation 2014
    • Trinity Structural Towers
      • Table Trinity Structural Towers: Product segmentation
    • Vestas
      • Table Vestas: Product segmentation
      • Table Vestas: Recent developments
    • WINDAR Renovables
      • Table WINDAR Renovables: Product segmentation
      • Table WINDAR Renovables: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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