Press Release

Wind Tower Market 2020 by Size, Share, Global Industry Research, Key Companies Profile and Forecast to 2027

Top Key Players of Wind Tower Market: Suzlon Group, Nordex Group, Broadwind, Ventower Industries, Arcosa Inc., Windar renovables, Dongkuk s&c, CS Wind Corporation.

The global wind tower market size is expected to reach USD 45.72 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. The rising government initiatives towards sustainable energy sources such as wind energy will positively influence healthy growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Wind Tower Market Share, Size and COVID-19 Impact Analysis, By Type (Steel Tower, Concrete Tower, and Hybrid Tower), By Installation (Onshore, and Offshore), and Regional Forecast, 2020-2027” the market size stood at USD 24.82 billion in 2019.

The whole world is combating with the novel coronavirus. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such strategies have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

The report wind tower market contains:

  • Comprehensive Analysis
  • Important strategies implemented by competitors
  • Global records and market figures
  • Dominant regions in terms of revenue and share

Key Players:

  • Suzlon Group (India)
  • Nordex Group (Germany)
  • Broadwind (U.S.)
  • Ventower Industries LLC (U.S.)
  • Arcosa Inc. (U.S.)
  • Windar renovables (Spain)
  • Shanghai Taisheng Wind Power Equipment Co., Ltd. (China)
  • Dongkuk s&c (South Korea)
  • KGW Schweriner Maschinen- und Anlagenbau GmbH (Germany)
  • CS Wind Corporation (South Korea)

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Market Driver:

Surge in Energy Policies to Facilitate Growth

The increasing government measures to preserve depleting fossil fuels can be an essential factor fostering the growth for wind tower market. The ongoing wind power energy projects across the globe will contribute tremendously to the growth of the market in the forthcoming years.  For instance, Poland announced new renewable energy law, which will include a feed-in tariff for small wind turbines also. It will include a load of 3 kW, FIT will remain 0.17 euros per kWh, up to 10 kW, the rate will be 0.15 euros/kWh. The growing demand for energy has led to increased infrastructure development activities, which, in turn, will propel the growth of the market. The rising power generation capacities and expansion of power grids will subsequently augur well for the market in the forthcoming years. The rising proclivity towards renewable energy sources for power generation will enable speedy expansion of the market.

Segmentation of wind tower market:

By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

By Installation

  • Onshore
  • Offshore

By Region

  • North America (U.S., and Canada)
  • Europe (UK, Germany, France, Spain, Sweden, and Rest of Europe)
  • Asia Pacific (China, India, Australia, and Rest of Asia Pacific)
  • Middle East and Africa (Egypt, Morocco, and Rest of the Middle East & Africa)
  • Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)

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Regional Analysis:

Rapid Industrialization to Boost Growth in Asia Pacific

Asia Pacific is predicted to witness a significant growth rate during the forecast period owing to the surge in onshore wind farms. The rapid industrialization and urbanization in countries such as China, India, and Australia will spur demand for the market in the region. For instance, China represents the largest wind capacity with 1,164 MW new installation of offshore wind turbines. Europe is predicted to rise rapidly during the forecast period due to the increasing favorable government regulations in the region. The EU Renewable Energy Directive announced the plan for the promotion & production of sustainable energy sources across the nation.  This directive can levy targets to attain 20% renewable adoption in the overall energy mix.  The growing emphasis on wind farms for power generation will further enhance the growth of the market for wind tower market in the region. In addition, increasing energy consumption in European countries such as Germany, France, and the UK.

Table Of Content Wind Tower Market:

7 North America Wind Tower Market Analysis (USD Billion), Insights and Forecast, 2016-2027

7.1 Key Findings / Summary

7.2 Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

7.3 Market Analysis, Insights and Forecast – By Installation

  • Onshore
  • Offshore

7.4 Market Analysis, Insights and Forecast – By Country

  • S. Market Analysis, Insights and Forecast – By Type
  • Steel Tower
  • Concrete Tower
  • Hybrid Tower
  • Canada Market Analysis, Insights and Forecast – By Type
  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

8 Europe Wind Tower Market Analysis (USD Billion), Insights and Forecast, 2016-2027

8.1 Key Findings / Summary

8.2 Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

8.3 Wind Tower Market Analysis, Insights and Forecast – By Installation

  • Onshore
  • Offshore

8.4 Market Analysis, Insights and Forecast – By Country

  • K Market Analysis, Insights and Forecast – By Type
  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

8.4.1 Germany Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

8.4.2 France Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

8.4.3 Spain Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

8.4.4 Sweden Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

8.4.5 Rest of Europe Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

9 Asia Pacific Wind Tower Market Analysis (USD Billion), Insights and Forecast, 2016-2027

9.1 Key Findings / Summary

9.2 Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

9.3 Market Analysis, Insights and Forecast – By Installation

  • Onshore
  • Offshore

9.4 Wind Tower Market Analysis, Insights and Forecast – By Country

9.4.1 China Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

9.4.2 India Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

9.4.3 Australia Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

9.4.4 Rest of Asia Pacific Market Analysis, Insights and Forecast – By Type

  • Steel Tower
  • Concrete Tower
  • Hybrid Tower

TOC Continued….!

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Reasons to Purchase this Report:

  • Comprehensive analysis of the Medical Lighting Technologies Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies Wind Tower Market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

Key Research Objectives

  • Wind Tower Market size and growth rate by various segments at global and regional level for the 2015-2026 period, with 2015-2017 as historical data, 2018 as base year and 2019-2026 as forecast period
  • Overall market size and growth rate for key countries for the 2015-2026 period
  • Market dynamics – Market drivers, restraints, trends and opportunities
  • Technological and market developments shaping the market
  • Competitive analysis
  • Profiles of key companies operating in the Wind Tower Market
  • Key insights

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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