Global Wind Tower Market Size, Share, Growth and Demand Forecast to 2022 By P&S Market Research Report
The global wind tower market was valued at $26,140.5 million in 2015, and it is expected to grow at a CAGR of 7.4% during 2016-2022. The factors driving the growth of the global market include the increased government support for wind power projects, increasing global wind power capacity and need for geopolitical energy security. The wind tower market in Middle East and Africa, and Latin America is still at its nascent form. Currently, there are very few large scale wind farms, as compared to other regions across the globe. However, several countries across Latin America and Africa are framing regulations to reduce their dependency on petroleum fuels and increase production of renewable energy.
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Based on
application, offshore segment is anticipated to witness the highest growth
(17.0% CAGR) in the global wind tower market. The global offshore wind tower
market is primarily driven by increasing offshore wind capacity, and the number
of offshore wind projects in the North Sea, Baltic Sea and Atlantic
Ocean. Europe held the major share
in the global offshore wind tower market.
In
2015, Asia-Pacific held the largest share in the global wind tower market. The
major reasons behind the growth of the wind tower market in the region are high
energy demands in the region and high growth in the wind energy industry. China
dominated the Asia-Pacific as well as global wind tower market. The total wind
power capacity installed in China was 75.3 GW in 2012, which increased to 114.6
GW in 2014.
The
information and data in the publication “Global
Wind Tower Market Size, Share, Development, Growth and Demand Forecast to 2022”,
represents the research and analysis of data from various primary and secondary
sources. An amalgamation of bottom-up and top-down approach has been used to
calculate the market size. P&S Market Research analysts and consultants
interacted with leading companies of the concerned domain to substantiate every
value of data presented in this report. The company bases its primary research
on discussions with prominent professionals and analysts in the industry, which
is followed by informed and detailed, online and offline research.
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Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Research
Scope
1.2.1 Market breakdown by tower type
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market
Outlook
3.1 Introduction
3.1.1 Value chain analysis
Chapter 4. Global Wind Tower Market Size and Forecast (2012 –
2022)
4.1 Global Wind Tower Market, by Tower Type
4.1.1 Tubular steel towers
4.1.2 Concrete towers
4.1.3 Hybrid towers
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