Market Overview

Global Wind Turbine Tower Market 2018-2022| Increase in Rotor Diameter to Boost Growth| Technavio


The global
wind turbine tower market
is expected to post a CAGR of over 5%
during the period 2018-2022, according to the latest market research
report by Technavio. The report also highlights the increase in demand
for clean power, new turbine tower technology to reduce energy costs,
and the decline in LCOE of wind power generation as the key emerging
trends in the market.

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Technavio has published a new market research report on the global wind turbine tower market from 20 ...

Technavio has published a new market research report on the global wind turbine tower market from 2018-2022. (Graphic: Business Wire)

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

In this report, Technavio highlights the increase in rotor diameter as
one of the factors driving growth in the global wind turbine tower

Global wind turbine tower market: Increase in
rotor diameter

The increasing demand for alternative energy sources such as wind power
is attributable to the fast depleting fossil fuel reserves around the
world. Also, the polluting greenhouse effects of fossil fuels is driving
the need for cleaner and sustainable sources of power generation. Wind
energy has been identified as a renewable and pollution-free source for
generating electricity. The dimension of the rotor and the blades in a
wind turbine play a significant role in efficiently extracting energy
from the wind, which can be altered by increasing or decreasing the
diameter of the rotor based on the speed and direction of the wind.

"The increase in diameter of a wind turbine rotor has a corresponding
impact on the power generated by the wind turbines. For the rotor to
function effectively a minimum and a maximum speed of wind is required
based on which the size of the rotor is chosen. The increase in the size
of wind turbine towers and rotor diameters will enhance the power
generation capacity of the wind turbines and significantly reduce the
infrastructure costs incurred during a project due to the need for fewer
wind turbine installations,"
says a senior analyst at Technavio for
research on power.

Global wind turbine tower market: Segmentation

This market research report segments the global wind turbine tower
market by application (onshore and offshore) and geographical regions
(APAC, EMEA, and the Americas).

The onshore segment held the largest market share in 2017, accounting
for nearly 96% of the market. This application segment is expected to
dominate the global market throughout the forecast period, while the
offshore segment is estimated to contribute to a market share of nearly

APAC led the market in 2017 with a market share of nearly 47% of the
market share. The market share occupied by this region is anticipated to
increase during 2018-2022, owing to the growing demand for harnessing
wind energy in developing countries such as China and India.

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  • Vendors covered
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  • Market positioning of vendors
  • Competitive scenario

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