Global Wind Turbine Tower Market 2018-2022
- Published: Jul 2018
- Pages: 113
- SKU: IRTNTR22273
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Technavio’s market research analysts have predicted that the wind turbine tower market will register a revenue of USD 28 billion by 2022. This industry research report presents a detailed analysis of the market by applications such as onshore and offshore. The report also presents an analysis of the market’s growth across various geographic regions such as the Americas, APAC, and EMEA.
Global Wind Turbine Tower Industry Overview
There has been an increasing demand for alternative energy sources such as wind power due to the fast depletion of fossil fuel reserves across the globe. Wind energy is identified as a renewable and pollution-free source for the generation of electricity in several countries. The growing demand for this renewable energy source is attributable to the polluting greenhouse effects of fossil fuels. The dimension of rotor blades in a wind turbine plays a substantial role in efficiently extracting energy from the wind. It can be altered by increasing or decreasing the diameter of the rotor based on the speed and direction of the wind. The optimal height of the wind turbine tower is chosen based on the dimension and type of the wind turbine rotor. The increase in size of wind turbine towers and rotor diameters will not only enhance the power generation capacity of wind turbines, but also minimize the infrastructure costs. Thus, there is an increase in introduction of new turbine rotor sizes on onshore and offshore projects, which require taller turbine towers, which, in turn, drive growth in the global wind turbine tower market.
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The wind turbine tower market is fragmented with the presence of numerous vendors who offer various types of products. The market is currently in its late growth phase and filled with opportunities. This wind tower industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.
The report offers a complete analysis of wind turbine tower manufacturers including –
- TRINITY STRUCTURAL TOWERS
- WINDAR Renovables
Wind turbine tower market growth based on geographic regions
With a complete study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the APAC will constitute the maximum growth of this wind turbine tower market throughout the predicted period. Increase in adoption of renewable energy sources in developing countries is driving the growth for the market in this region
Wind turbine tower market growth based on application
According to our market research experts, the onshore segment will account for the maximum share of the market. It is expected that this segment will continue its domination throughout the forecast period. Additionally, the report provides an accurate prediction of the contribution of the various application segments in the growth of the wind turbine tower market size.
Key highlights of the global wind turbine tower market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the wind turbine tower market during the next five years
- Precise estimation of the global wind turbine tower market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the wind tower industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of wind turbine tower manufacturers
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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global wind tower market and its stakeholders over the forecast years.
Technavio’s analysts have considered how the performance of other related markets in the vertical will impact wind tower market size till 2022. Some of the markets most likely to influence the growth of the wind turbine tower market over the coming years are the wind turbine components market and the wind turbine rotor blade market.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
- Segmentation by application
- Comparison by application
- Onshore– Market size and forecast 2017-2022
- Offshore – Market size and forecast 2017-2022
- Market opportunity by application
PART 08: MARKET SEGMENTATION BY PRODUCT TYPE
- Segmentation by product type
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- APAC – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- Americas – Market size and forecast 2017-2022
- Key leading countries
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Increase in demand for clean power
- New turbine tower technology to reduce energy costs
- Decline in LCOE of wind power generation
PART 14: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- TRINITY STRUCTURAL TOWERS
- WINDAR Renovables
PART 16: APPENDIX
- List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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