Market Overview

The Global Wind Turbine Tower Market was valued at USD 29,384.4 million in 2023 and is expected to reach USD 54,792.6 million by 2031 while growing at a CAGR of 8.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global wind turbine tower market growth. A wind turbine tower is a vital part of a wind energy system, offering structural support for the entire assembly. It elevates the turbine's rotor and blades to higher altitudes, optimizing the capture of wind kinetic energy. Additionally, the tower accommodates internal components like the generator and control systems.

Increasing global demand for renewable energy and government initiatives and support drive the growth of the wind turbine tower market. However, obstacles like high initial costs and land use and permitting challenges may hinder market expansion.

Furthermore, the global wind turbine tower industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Wind Turbine Tower Market is segmented among Tubular Steel Towers, Concrete Towers, Lattice Towers, and Guyed Pole Towers, based on Type. In 2023, Concrete Towers accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Deployment Analysis

The Global Wind Turbine Tower Market is segmented among Onshore, and Offshore, and Other End-user Industries, based on Deployment. In 2023, Offshore accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Wind Turbine Tower Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Valmont Industries Inc.,  KGW Schweriner Maschinen- und Anlangenbau GmbH, Broadwind Energy Inc., Dongkuk S&C, Speco Technologies Co. Ltd, Titan Wind Energy AS, CS Wind Corporation, Vestas Wind Systems AS, Suzlon Energy Ltd, and Enercon GmbH. 

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Wind Turbine Tower Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Wind Turbine Tower Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Wind Turbine Tower Market Segmentation, By Type   

• Global Wind Turbine Tower Market Share Analysis, By Type    

• Global Wind Turbine Tower Market Growth Analysis, By Type   

• Global Wind Turbine Tower Market Trends, By Type  

o Tubular Steel Towers

o Concrete Towers

o Lattice Towers

o Guyed Pole Towers

6. Global Wind Turbine Tower Market Segmentation, By Deployment    

• Global Wind Turbine Tower Market Share Analysis, By Deployment    

• Global Wind Turbine Tower Market Growth Analysis, By Deployment   

• Global Wind Turbine Tower Market Trends, By Deployment   

o Onshore

o Offshore

7. Global Wind Turbine Tower Market Segmentation, By Region

• Global Wind Turbine Tower Market Share Analysis, By Region

• Global Wind Turbine Tower Market Growth Analysis, By Region

• Global Wind Turbine Tower Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Valmont Industries Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• KGW Schweriner Maschinen- und Anlangenbau GmbH

• Broadwind Energy Inc.

• Dongkuk S&C

• Speco Technologies Co. Ltd

• Titan Wind Energy AS

• CS Wind Corporation

• Vestas Wind Systems AS

• Suzlon Energy Ltd

• Enercon GmbH   

 *Similar analysis will be provided for each company listed above.