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Wind Turbine Tower Market 2024-2028

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    Report

  • 143 Pages
  • June 2024
  • Region: Global
  • TechNavio
  • ID: 5681721
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The wind turbine tower market is forecasted to grow by USD 6.08 billion during 2023-2028, accelerating at a CAGR of 4.34% during the forecast period. The report on the wind turbine tower market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in rotor diameter, rise in consumption of power harnessed from wind energy, and supportive regulatory policies for wind energy projects.

The wind turbine tower market is segmented as below:

By Application

  • Onshore
  • Offshore

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the increase in demand for clean power as one of the prime reasons driving the wind turbine tower market growth during the next few years. Also, decline in lcoe of wind power generation and new turbine tower technology to reduce energy costs will lead to sizable demand in the market.

The report on the wind turbine tower market covers the following areas:

  • Wind turbine tower market sizing
  • Wind turbine tower market forecast
  • Wind turbine tower market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine tower market vendors that include Arcosa Inc., Bergey Wind Power Co., Bouygues Construction SA, Broadwind Energy Inc, CS WIND Corp., Dongkuk S and C, KGW Schweriner Maschinen und Anlagenbau 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, Valmont Industries Inc., Ventower Industries, and Windar Renovables. Also, the wind turbine tower market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Wind Turbine Tower Market 2018 - 2022
Historic Market Size - Data Table on Global Wind Turbine Tower Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Onshore - Market size and forecast 2023-2028
Chart on Onshore - Market size and forecast 2023-2028 ($ million)
Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
Chart on Onshore - Year-over-year growth 2023-2028 (%)
Data Table on Onshore - Year-over-year growth 2023-2028 (%)
6.4 Offshore - Market size and forecast 2023-2028
Chart on Offshore - Market size and forecast 2023-2028 ($ million)
Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
Chart on Offshore - Year-over-year growth 2023-2028 (%)
Data Table on Offshore - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.6 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.7 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.8 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.9 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.10 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.11 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
8.12 Spain - Market size and forecast 2023-2028
Chart on Spain - Market size and forecast 2023-2028 ($ million)
Data Table on Spain - Market size and forecast 2023-2028 ($ million)
Chart on Spain - Year-over-year growth 2023-2028 (%)
Data Table on Spain - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Arcosa Inc.
Arcosa Inc. - Overview
Arcosa Inc. - Business segments
Arcosa Inc. - Key offerings
Arcosa Inc. - Segment focus
11.4 Bergey Wind Power Co.
Bergey Wind Power Co. - Overview
Bergey Wind Power Co. - Product / Service
Bergey Wind Power Co. - Key offerings
11.5 Bouygues Construction SA
Bouygues Construction SA - Overview
Bouygues Construction SA - Product / Service
Bouygues Construction SA - Key offerings
11.6 Broadwind Energy Inc
Broadwind Energy Inc - Overview
Broadwind Energy Inc - Product / Service
Broadwind Energy Inc - Key offerings
11.7 CS WIND Corp.
CS WIND Corp. - Overview
CS WIND Corp. - Product / Service
CS WIND Corp. - Key offerings
11.8 Dongkuk S and C
Dongkuk S and C - Overview
Dongkuk S and C - Product / Service
Dongkuk S and C - Key offerings
11.9 Marmen Inc.
Marmen Inc. - Overview
Marmen Inc. - Product / Service
Marmen Inc. - Key offerings
11.10 Suzlon Energy Ltd.
Suzlon Energy Ltd. - Overview
Suzlon Energy Ltd. - Business segments
Suzlon Energy Ltd. - Key offerings
Suzlon Energy Ltd. - Segment focus
11.11 thyssenkrupp AG
thyssenkrupp AG - Overview
thyssenkrupp AG - Business segments
thyssenkrupp AG - Key news
thyssenkrupp AG - Key offerings
thyssenkrupp AG - Segment focus
11.12 Windar Renovables
Windar Renovables - Overview
Windar Renovables - Product / Service
Windar Renovables - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Wind Turbine Tower Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Application - Market share 2023-2028 (%)
Exhibits 31: Data Table on Application - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Application
Exhibits 33: Data Table on Comparison by Application
Exhibits 34: Chart on Onshore - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Offshore - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Application ($ million)
Exhibits 43: Data Table on Market opportunity by Application ($ million)
Exhibits 44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 47: Chart on Geographic comparison
Exhibits 48: Data Table on Geographic comparison
Exhibits 49: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Spain - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on Spain - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on Spain - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Spain - Year-over-year growth 2023-2028 (%)
Exhibits 89: Market opportunity By Geographical Landscape ($ million)
Exhibits 90: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 91: Impact of drivers and challenges in 2023 and 2028
Exhibits 92: Overview on criticality of inputs and factors of differentiation
Exhibits 93: Overview on factors of disruption
Exhibits 94: Impact of key risks on business
Exhibits 95: Companies covered
Exhibits 96: Matrix on companies position and classification
Exhibits 97: Arcosa Inc. - Overview
Exhibits 98: Arcosa Inc. - Business segments
Exhibits 99: Arcosa Inc. - Key offerings
Exhibits 100: Arcosa Inc. - Segment focus
Exhibits 101: Bergey Wind Power Co. - Overview
Exhibits 102: Bergey Wind Power Co. - Product / Service
Exhibits 103: Bergey Wind Power Co. - Key offerings
Exhibits 104: Bouygues Construction SA - Overview
Exhibits 105: Bouygues Construction SA - Product / Service
Exhibits 106: Bouygues Construction SA - Key offerings
Exhibits 107: Broadwind Energy Inc - Overview
Exhibits 108: Broadwind Energy Inc - Product / Service
Exhibits 109: Broadwind Energy Inc - Key offerings
Exhibits 110: CS WIND Corp. - Overview
Exhibits 111: CS WIND Corp. - Product / Service
Exhibits 112: CS WIND Corp. - Key offerings
Exhibits 113: Dongkuk S and C - Overview
Exhibits 114: Dongkuk S and C - Product / Service
Exhibits 115: Dongkuk S and C - Key offerings
Exhibits 116: Marmen Inc. - Overview
Exhibits 117: Marmen Inc. - Product / Service
Exhibits 118: Marmen Inc. - Key offerings
Exhibits 119: Suzlon Energy Ltd. - Overview
Exhibits 120: Suzlon Energy Ltd. - Business segments
Exhibits 121: Suzlon Energy Ltd. - Key offerings
Exhibits 122: Suzlon Energy Ltd. - Segment focus
Exhibits 123: thyssenkrupp AG - Overview
Exhibits 124: thyssenkrupp AG - Business segments
Exhibits 125: thyssenkrupp AG - Key news
Exhibits 126: thyssenkrupp AG - Key offerings
Exhibits 127: thyssenkrupp AG - Segment focus
Exhibits 128: Windar Renovables - Overview
Exhibits 129: Windar Renovables - Product / Service
Exhibits 130: Windar Renovables - Key offerings
Exhibits 131: Inclusions checklist
Exhibits 132: Exclusions checklist
Exhibits 133: Currency conversion rates for US$
Exhibits 134: Research methodology
Exhibits 135: Information sources
Exhibits 136: Data validation
Exhibits 137: Validation techniques employed for market sizing
Exhibits 138: Data synthesis
Exhibits 139: 360 degree market analysis
Exhibits 140: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global wind turbine tower market: Arcosa Inc., Bergey Wind Power Co., Bouygues Construction SA, Broadwind Energy Inc, CS WIND Corp., Dongkuk S and C, KGW Schweriner Maschinen und Anlagenbau 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, Valmont Industries Inc., Ventower Industries, and Windar Renovables.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in demand for clean power."

According to the report, one of the major drivers for this market is the increase in rotor diameter.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Arcosa Inc.
  • Bergey Wind Power Co.
  • Bouygues Construction SA
  • Broadwind Energy Inc
  • CS WIND Corp.
  • Dongkuk S and C
  • KGW Schweriner Maschinen und Anlagenbau 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
  • Valmont Industries Inc.
  • Ventower Industries
  • Windar Renovables