Global Wind Turbine Tower Market

Global Wind Turbine Tower Market Key Players Competitive Survey Report 2023

Global Wind Turbine Tower Market

Global Wind Turbine Tower Market Key Players Competitive Survey Report 2023

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The global Wind Turbine Tower market size in 2022 is XX million US dollars, and it is expected to be 62639.1 million US dollars by 2029, with a compound annual growth rate of 10.20% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:

The main players in the Wind Turbine Tower market include General Electric (U.S.), Vestas (Denmark), Siemens (Spain), Goldwind (China), and Shanghai Electric (China). The share of the top 3 players in the Wind Turbine Tower market is XX%.

REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Wind Turbine Tower market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:

The report segments the market by Type and Application. Tubular accounted for XX% of Wind Turbine Tower market in 2022. Lattice share of XX%.

Onshore accounted for XX% of the Wind Turbine Tower market in 2022. Offshore accounts for XX%.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

COVID-19 Impact:

Outbreak of COVID-19 pandemic due to lockdown restrictions imposed by governments around the world has affected the growth of the global Wind Turbine Tower market in 2020. The containment measures taken by the governments of various countries in response to control the outbreak of COVID-19 disrupted the entire supply chain by creating logistical interruptions, transportation restrictions, and product supply across borders.

The report analyzes the key trends in each segment of the global Wind Turbine Tower market along with global and country-level forecasts from 2023 to 2028. Our report segments the market based on types and applications, thereby providing a detailed analysis of the market to help gain an in-depth understanding of the market and enable market participants, stakeholders, investors, etc. to have a clearer understanding of the market and judgment.

Key benefits to stakeholders:

The report provides a comprehensive quantitative analysis of various segments, historical and current market trends, market forecasts, and dynamics of the Wind Turbine Tower market for 2017-2028.

The research report provides the latest information on the market drivers, challenges and opportunities of the global Wind Turbine Tower market.

The study profiles the leading as well as the fastest growing regional markets. It further enables stakeholders to identify key country-level markets within each region.

Porter's Five Forces Analysis helps stakeholders assess the impact of new entrants, competitors, supplier strength, buyer strength, and threat of substitution. It helps stakeholders analyze the level of competition in the Wind Turbine Tower industry and its attractiveness.

The competitive landscape enables stakeholders to understand their competitive environment and gain insight into the current position of the key players in the market.

Technical progress in oil and gas industry

Enterprises are now breaking away from the traditional structure and adopting technology to maintain their leading position in the brutal competition. Therefore, technologies such as artificial intelligence, robotics, Internet of Things (IoT), big data analysis are gaining momentum. The benefits of using technology in the oil and gas industry far exceed the initial investment cost.

The oil and gas industry is increasingly applying artificial intelligence and data science to solve complex problems in upstream, midstream and downstream operations. The platform supporting artificial intelligence supports decision-making through the insight of prediction, explanation and cognitive analysis. In this way, artificial intelligence helps petroleum engineers and oil and gas industry managers to discover and implement new exploration and production concepts, so as to improve the return on investment.

Usually, oil and gas workers work in a complex and harsh environment, which poses a major threat to human safety. In order to cope with this risk, the oil industry is adopting robots and automation solutions to improve the safety and operation speed of the workplace. Robots are also useful in inspection, measurement and industrial automation of oil rigs and refineries. Robots and automation speed up the operation and reduce the demand for manpower, thus improving efficiency and reducing human errors.

The oil and gas industry uses the Internet of Things to increase production, optimize equipment, ensure workers' safety and monitor remote areas. Sensors placed in oil wells, blowout preventers (BOPs) and choke valves can realize real-time data collection. Using these data, O&G startups can quickly identify faulty equipment and help field engineers to quickly predict and respond. IoT solutions allow oil and gas facilities to minimize maintenance costs and gain detailed visibility of their equipment or processes.

The daily operation of the oil and gas industry will produce a lot of unstructured data. Big data platform helps industry data analysts gain insight from production and performance data. This is also useful for engineers seeking to optimize production and ensure reservoir safety. In addition, the historical data of previous operations can better train and test the algorithms and models driven by artificial intelligence. By using big data analysis, the oil and gas industry gains more value from daily decision-making to reduce operating costs and industrial carbon emissions.

Regions Covered in This Report Are

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Spain

Nordic

Asia Pacific

China

Japan

South Korea

India

Southeast Asia

Australia

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Egypt

South Africa

UAE

Turkey

Saudi Arabia

Some of the Top Key Players:

General Electric (U.S.)

Vestas (Denmark)

Siemens (Spain)

Goldwind (China)

Shanghai Electric (China)

ABB (Switzerland)

Doosan Corporation (South Korea)

Hitachi Ltd. (Japan)

Nordex SE (Germany)

EEW Group (Germany)

Nexans (France)

DEME (Belgium)

Ming Yang Smart Energy Group Co (China)

Envision (China)

Rockwell Automation Inc., (U.S.)

Hyundai Motor Company (South Korea)

Schneider Electric (France)

Zhejiang Windey Co., Ltd., (China)

Taiyuan Heavy Industry Co., (China)

Sinovel Wind Group Co., Ltd. (China)

Product Types Outlook

Tubular

Lattice

Others

Application Outlook

Onshore

Offshore

Table of Content

1 Wind Turbine Tower Market Introduction and Overview

1.1 Wind Turbine Tower Definition

1.2 Research Purposes

1.3 Report Timeline

1.4 Economic Analysis of Global Regions

1.5 Inflation Analysis

1.6 The Impact of the Russian-Ukrainian War on the Market

1.7 Coronavirus Disease 2020 (COVID-19) Impact on Global

2 Global Wind Turbine Tower Historical Market Analysis by Type

2.1 Market Size Analysis by Types

2.2 Global Wind Turbine Tower Revenue and Market Share by Type

2.3 Global Wind Turbine Tower Sales and Market Share by Type

3 Global Wind Turbine Tower Historical Market Analysis by Application

3.1 Market Size Analysis by Application

3.2 Global Wind Turbine Tower Revenue Market Share by Application (2018-2023)

3.3 Global Wind Turbine Tower Sales Market Share by Application (2018-2023)

4 Global Market Growth Trends Analysis

4.1 Global Wind Turbine Tower Market Size (2018-2023)

4.2 Wind Turbine Tower Growth Trends Analysis by Regions

4.2.1 Wind Turbine Tower Market Size by Regions: 2018 VS 2023 VS 2029

4.2.2 Wind Turbine Tower Historic Revenue Market Size by Regions (2018-2023)

4.2.3 Wind Turbine Tower Historic Sales Market Size by Regions (2018-2023)

4.2.4 North America Wind Turbine Tower Market Size (2018-2023)

4.2.5 Europe Wind Turbine Tower Market Size (2018-2023)

4.2.6 Asia-Pacific Wind Turbine Tower Market Size (2018-2023)

4.2.7 Latin America Wind Turbine Tower Market Size (2018-2023)

4.2.8 Middle East & Africa Wind Turbine Tower Market Size (2018-2023)

5 North America

5.1 North America Wind Turbine Tower Revenue by Countries

5.1.1 North America Wind Turbine Tower Revenue by Countries (2018-2023)

5.1.2 North America Wind Turbine Tower Sales by Countries (2018-2023)

5.2 North America Wind Turbine Tower Sales by Types

5.3 North America Wind Turbine Tower Sales by Applications

5.4 United States

5.5 Canada

6 Asia Pacific

6.1 Asia Pacific Wind Turbine Tower Revenue by Countries

6.1.1 Asia Pacific Wind Turbine Tower Revenue by Countries (2018-2023)

6.1.2 Asia Pacific Wind Turbine Tower Sales by Countries (2018-2023)

6.2 Asia Pacific Wind Turbine Tower Sales by Types

6.3 Asia Pacific Wind Turbine Tower Sales by Applications

6.4 China

6.5 Japan

6.6 Korea

6.7 Southeast Asia

6.8 India

6.9 Australia

7 Europe

7.1 Europe Wind Turbine Tower Revenue by Countries

7.1.1 Europe Wind Turbine Tower Revenue by Countries (2018-2023)

7.1.2 Europe Wind Turbine Tower Sales by Countries (2018-2023)

7.2 Europe Wind Turbine Tower Sales by Types

7.3 Europe Wind Turbine Tower Sales by Applications

7.4 Germany

7.5 France

7.6 UK

7.7 Italy

7.8 Russia

7.9 Spain

7.10 Nordic

8 Latin America

8.1 Latin America Wind Turbine Tower Revenue by Countries

8.1.1 Latin America Wind Turbine Tower Revenue by Countries (2018-2023)

8.1.2 Latin America Wind Turbine Tower Sales by Countries (2018-2023)

8.2 Latin America Wind Turbine Tower Sales by Types

8.3 Latin America Wind Turbine Tower Sales by Applications

8.4 Brazil

8.5 Argentina

8.6 Mexico

9 Middle East & Africa

9.1 Middle East & Africa Wind Turbine Tower Revenue by Countries

9.1.1 Middle East & Africa Wind Turbine Tower Revenue by Countries (2018-2023)

9.1.2 Middle East & Africa Wind Turbine Tower Sales by Countries (2018-2023)

9.2 Middle East & Africa Wind Turbine Tower Sales by Types

9.3 Middle East & Africa Wind Turbine Tower Sales by Applications

9.4 Egypt

9.5 South Africa

9.6 UAE

9.7 Turkey

9.8 Saudi Arabia

10 Global Wind Turbine Tower Market Competition, by Players

10.1 Global Wind Turbine Tower Revenue and Market Share by Players

10.2 Market Concentration Rate

10.2.1 Top 3 Wind Turbine Tower Players Market Share in 2022

10.2.2 Top 6 Wind Turbine Tower Players Market Share in 2022

10.2.3 Market Competition Trend

10.3 Wind Turbine Tower Players Head Office, Business Provided

10.4 Wind Turbine Tower Mergers & Acquisitions

10.5 Wind Turbine Tower New Entrants and Expansion Plans

11 Players Profiles

11.1 General Electric (U.S.)

11.1.1 General Electric (U.S.) Company Profile

11.1.2 Wind Turbine Tower Product Overview

11.1.3 General Electric (U.S.) Wind Turbine Tower Market Performance (2018-2023)

11.1.4 General Electric (U.S.) Business Overview

11.1.5 Recent Developments and Plans

11.2 Vestas (Denmark)

11.2.1 Vestas (Denmark) Company Profile

11.2.2 Wind Turbine Tower Product Overview

11.2.3 Vestas (Denmark) Wind Turbine Tower Market Performance (2018-2023)

11.2.4 Vestas (Denmark) Business Overview

11.2.5 Recent Developments and Plans

11.3 Siemens (Spain)

11.3.1 Siemens (Spain) Company Profile

11.3.2 Wind Turbine Tower Product Overview

11.3.3 Siemens (Spain) Wind Turbine Tower Market Performance (2018-2023)

11.3.4 Siemens (Spain) Business Overview

11.3.5 Recent Developments and Plans

11.4 Goldwind (China)

11.4.1 Goldwind (China) Company Profile

11.4.2 Wind Turbine Tower Product Overview

11.4.3 Goldwind (China) Wind Turbine Tower Market Performance (2018-2023)

11.4.4 Goldwind (China) Business Overview

11.4.5 Recent Developments and Plans

11.5 Shanghai Electric (China)

11.5.1 Shanghai Electric (China) Company Profile

11.5.2 Wind Turbine Tower Product Overview

11.5.3 Shanghai Electric (China) Wind Turbine Tower Market Performance (2018-2023)

11.5.4 Shanghai Electric (China) Business Overview

11.5.5 Recent Developments and Plans

11.6 ABB (Switzerland)

11.6.1 ABB (Switzerland) Company Profile

11.6.2 Wind Turbine Tower Product Overview

11.6.3 ABB (Switzerland) Wind Turbine Tower Market Performance (2018-2023)

11.6.4 ABB (Switzerland) Business Overview

11.6.5 Recent Developments and Plans

11.7 Doosan Corporation (South Korea)

11.7.1 Doosan Corporation (South Korea) Company Profile

11.7.2 Wind Turbine Tower Product Overview

11.7.3 Doosan Corporation (South Korea) Wind Turbine Tower Market Performance (2018-2023)

11.7.4 Doosan Corporation (South Korea) Business Overview

11.7.5 Recent Developments and Plans

11.8 Hitachi Ltd. (Japan)

11.8.1 Hitachi Ltd. (Japan) Company Profile

11.8.2 Wind Turbine Tower Product Overview

11.8.3 Hitachi Ltd. (Japan) Wind Turbine Tower Market Performance (2018-2023)

11.8.4 Hitachi Ltd. (Japan) Business Overview

11.8.5 Recent Developments and Plans

11.9 Nordex SE (Germany)

11.9.1 Nordex SE (Germany) Company Profile

11.9.2 Wind Turbine Tower Product Overview

11.9.3 Nordex SE (Germany) Wind Turbine Tower Market Performance (2018-2023)

11.9.4 Nordex SE (Germany) Business Overview

11.9.5 Recent Developments and Plans

11.10 EEW Group (Germany)

11.10.1 EEW Group (Germany) Company Profile

11.10.2 Wind Turbine Tower Product Overview

11.10.3 EEW Group (Germany) Wind Turbine Tower Market Performance (2018-2023)

11.10.4 EEW Group (Germany) Business Overview

11.10.5 Recent Developments and Plans

11.11 Nexans (France)

11.11.1 Nexans (France) Company Profile

11.11.2 Wind Turbine Tower Product Overview

11.11.3 Nexans (France) Wind Turbine Tower Market Performance (2018-2023)

11.11.4 Nexans (France) Business Overview

11.11.5 Recent Developments and Plans

11.12 DEME (Belgium)

11.12.1 DEME (Belgium) Company Profile

11.12.2 Wind Turbine Tower Product Overview

11.12.3 DEME (Belgium) Wind Turbine Tower Market Performance (2018-2023)

11.12.4 DEME (Belgium) Business Overview

11.12.5 Recent Developments and Plans

11.13 Ming Yang Smart Energy Group Co (China)

11.13.1 Ming Yang Smart Energy Group Co (China) Company Profile

11.13.2 Wind Turbine Tower Product Overview

11.13.3 Ming Yang Smart Energy Group Co (China) Wind Turbine Tower Market Performance (2018-2023)

11.13.4 Ming Yang Smart Energy Group Co (China) Business Overview

11.13.5 Recent Developments and Plans

11.14 Envision (China)

11.14.1 Envision (China) Company Profile

11.14.2 Wind Turbine Tower Product Overview

11.14.3 Envision (China) Wind Turbine Tower Market Performance (2018-2023)

11.14.4 Envision (China) Business Overview

11.14.5 Recent Developments and Plans

11.15 Rockwell Automation Inc., (U.S.)

11.15.1 Rockwell Automation Inc., (U.S.) Company Profile

11.15.2 Wind Turbine Tower Product Overview

11.15.3 Rockwell Automation Inc., (U.S.) Wind Turbine Tower Market Performance (2018-2023)

11.15.4 Rockwell Automation Inc., (U.S.) Business Overview

11.15.5 Recent Developments and Plans

11.16 Hyundai Motor Company (South Korea)

11.16.1 Hyundai Motor Company (South Korea) Company Profile

11.16.2 Wind Turbine Tower Product Overview

11.16.3 Hyundai Motor Company (South Korea) Wind Turbine Tower Market Performance (2018-2023)

11.16.4 Hyundai Motor Company (South Korea) Business Overview

11.16.5 Recent Developments and Plans

11.17 Schneider Electric (France)

11.17.1 Schneider Electric (France) Company Profile

11.17.2 Wind Turbine Tower Product Overview

11.17.3 Schneider Electric (France) Wind Turbine Tower Market Performance (2018-2023)

11.17.4 Schneider Electric (France) Business Overview

11.17.5 Recent Developments and Plans

11.18 Zhejiang Windey Co., Ltd., (China)

11.18.1 Zhejiang Windey Co., Ltd., (China) Company Profile

11.18.2 Wind Turbine Tower Product Overview

11.18.3 Zhejiang Windey Co., Ltd., (China) Wind Turbine Tower Market Performance (2018-2023)

11.18.4 Zhejiang Windey Co., Ltd., (China) Business Overview

11.18.5 Recent Developments and Plans

11.19 Taiyuan Heavy Industry Co., (China)

11.19.1 Taiyuan Heavy Industry Co., (China) Company Profile

11.19.2 Wind Turbine Tower Product Overview

11.19.3 Taiyuan Heavy Industry Co., (China) Wind Turbine Tower Market Performance (2018-2023)

11.19.4 Taiyuan Heavy Industry Co., (China) Business Overview

11.19.5 Recent Developments and Plans

11.20 Sinovel Wind Group Co., Ltd. (China)

11.20.1 Sinovel Wind Group Co., Ltd. (China) Company Profile

11.20.2 Wind Turbine Tower Product Overview

11.20.3 Sinovel Wind Group Co., Ltd. (China) Wind Turbine Tower Market Performance (2018-2023)

11.20.4 Sinovel Wind Group Co., Ltd. (China) Business Overview

11.20.5 Recent Developments and Plans

12 Global Wind Turbine Tower Forecast Market Analysis by Type

12.1 Global Wind Turbine Tower Revenue Market Forecast by Type (2023-2029)

12.2 Global Wind Turbine Tower Sales Market Forecast by Type (2023-2029)

13 Global Wind Turbine Tower Forecast Market Analysis by Application

13.1 Wind Turbine Tower Revenue Market Forecast by Application (2023-2029)

13.2 Wind Turbine Tower Sales Market Forecast by Application (2023-2029)

14 Global Market Growth Forecast Analysis

14.1 Global Wind Turbine Tower Forecast Market Size (2023-2029)

14.2 Wind Turbine Tower Growth Trends Forecast Analysis by Regions

14.2.1 Wind Turbine Tower Revenue Forecast Market Size by Regions (2023-2029)

14.2.2 Wind Turbine Tower Sales Forecast Market Size by Regions (2023-2029)

14.2.3 North America Wind Turbine Tower Forecast Market Size (2023-2029)

14.2.4 Europe Wind Turbine Tower Forecast Market Size (2023-2029)

14.2.5 Asia-Pacific Wind Turbine Tower Forecast Market Size (2023-2029)

14.2.6 Latin America Wind Turbine Tower Forecast Market Size (2023-2029)

14.2.7 Middle East & Africa Wind Turbine Tower Forecast Market Size (2023-2029)

15 Wind Turbine Tower Manufacturing Cost Analysis

15.1 Wind Turbine Tower Key Raw Materials Analysis

15.1.1 Key Raw Materials

15.1.2 Price Trend of Key Raw Materials

15.1.3 Key Suppliers of Raw Materials

15.2 Proportion of Manufacturing Cost Structure

15.2.1 Raw Materials

15.2.2 Labor Cost

15.2.3 Manufacturing Expenses

15.3 Manufacturing Process Analysis of Wind Turbine Tower

15.4 Wind Turbine Tower Industrial Chain Analysis

16 Market Channel, Distributors, Traders and Dealers

16.1 Market Channel Status

16.1.1 Direct Marketing

16.1.2 Indirect Marketing

16.2 Wind Turbine Tower Typical Distributors

16.3 Wind Turbine Tower Typical Customers

17 Wind Turbine Tower Industry Dynamic Analysis

17.1 Wind Turbine Tower Market Trends Analysis

17.2 Wind Turbine Tower Market Drivers Analysis

17.3 Wind Turbine Tower Market Challenges Analysis

17.4 Wind Turbine Tower Market Restraints Analysis

18 Research Findings and Conclusion

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global Wind Turbine Tower Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
What trends are influencing the growth of the Global Wind Turbine Tower Market?
New players are entering the Global Wind Turbine Tower Market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.
What years are taken into account in the Global Wind Turbine Tower Market study?
The Global Wind Turbine Tower Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
Is further segmentation possible given the scope of the Global Wind Turbine Tower Market study?
Yes, the add-on segmentation is available in the premium customised version of the Global Wind Turbine Tower Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
How is the competitive landscape for the Global Wind Turbine Tower Market defined?
Companies in the Global Wind Turbine Tower Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the Global Wind Turbine Tower Market's trajectory and future outlook.