Dublin, April 05, 2024 (GLOBE NEWSWIRE) — The “Wind Turbine Towers – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Wind Turbine Towers Market to Reach $53.1 Billion by 2030
The global market for Wind Turbine Towers estimated at US$32.3 Billion in the year 2023, is projected to reach a revised size of US$53.1 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030.
Amid growing concerns over climate change and a notable spike in emissions, there’s a significant shift towards clean, renewable, and sustainable energy sources. This momentum is reflected in global CO2 emissions data and the rise in clean energy investments. Among renewable energy sources, wind energy stands out as particularly attractive due to its myriad benefits.
Wind turbines, pivotal in harnessing wind energy, are examined, with tubular steel towers leading the global market. The competitive landscape of wind turbine towers is explored, detailing the global key competitors’ percentage market share and the overall competitive market presence in 2023. Recent market activity underscores the dynamic nature of the industry as it evolves to meet the demands of a cleaner energy future.
Tubular Steel-based Wind Turbine Towers, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$31.2 Billion by the end of the analysis period. Growth in the Concrete-based Wind Turbine Towers segment is estimated at 6.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 7.7% CAGR
While onshore tower deployments dominate, there’s considerable growth potential in offshore installations, especially in regions like Asia-Pacific and China.
China, the world’s second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 5.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 329 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $32.3 Billion |
| Forecasted Market Value (USD) by 2030 | $53.1 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Amid Concerns over Climate Change, Shift Towards Clean, Renewable and Sustainable Energy Sources Gathers Momentum
- Spike in Emissions Shifts Focus on Renewables for Powering a Safer Future: Global CO2 Emissions (In Billion Metric Tons) for Years
- Global Clean Energy Investments
- Myriad Benefits Make Wind Energy the Most Attractive of All Renewable Energy Sources
- Global Economic Update
- Wind Turbines: A Prelude
- An Introduction to Wind Turbine Towers
- Global Market Prospects & Outlook
- Tubular Steel Towers Lead Global Market
- While Onshore Tower Deployments Dominate, Offshore Tower Installations to Witness High Growth
- Asia-Pacific and China to Spearhead Future Growth
- Competition
- Wind Turbine Towers – Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Sustained Increase in Wind Energy Capacity Drives Need for Wind Turbine Towers
- Electricity Demand Patterns to Drive Focus onto Renewable Wind Power
- Projected Global Demand for Electricity (MWh): 2015, 2025, & 2035
- Change in Gross Electricity Demand in TWh for 2017-50
- Integrating Wind Energy in Power Grids to Meet Peak Demand
- Installations of Small Wind Turbines Promise Market Growth
- World Small Wind Market: Annual Sales in US$ Million for Years 2017, 2019, 2021, 2023 and 2025
- Government Support for Renewables Fuels Wind Power Projects, Presents Favorable Outlook for Wind Turbine Towers
- Targets for Electricity Production from Renewable Energy Sources in Select Countries
- Focus on Offshore Wind Projects Drives Demand for Towers
- Falling Cost of Wind Energy to Step Up Investments in Wind Energy Projects, Fueling Market Demand for Towers
- Demand Grows for Taller Turbine Towers Designed to Capture More Energy
- Steel Wind Tower Market: An Overview
- Concrete Wind Towers: A Low-Tech Yet Promising Innovation
- Technological Advancements in Wind Turbines Support Market Growth
- Promising Innovations in Wind Turbine Towers
- 3D Printing Technology for Novel Design of Wind Turbine Towers
- Wind Turbine Tower Manufacturers Turn to Novel Materials
- Trends in Wind Turbine Drivetrains
- Wooden Towers Emerge as a Cost Effective Option for Wind Turbines
- Rise in Power Demand Amid Population Growth and Urbanization: Growth Driver for Wind Energy Turbine Towers
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- World Urban Population in Million: 1950-2050P
FOCUS ON SELECT PLAYERS(Total 69 Featured)
- Bergey Wind Power Co.
- Broadwind Energy Inc.
- CS Wind Corporation
- Dongkuk S&C
- Enercon GmbH
- KGW Schweriner Maschinen- und Anlangenbau GmbH
- Marmen Inc.
- Modvion AB
- Nordex SE
- NRG Systems
- Red Rock Automation Ltd
- Renewtech LLC
- Shanghai Taisheng Wind Power Equipment Co. Ltd.
- Suzlon Energy Ltd
- thyssenkrupp AG
- Ventower Industries LLC
- Vestas Wind Systems AS
- Windar Renovables, S.A
For more information about this report visit https://www.researchandmarkets.com/r/dzow7y
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- Wind Turbine Towers Market
