Covid-19 Impact on Global Wind Tower Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Covid-19 Impact on Global Wind Tower Market By Application Type (Utility and Non-Utility); By Location: (Off Shore and on Shore); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030

Product Overview

Wind towers are the tall system that manages wind turbines and their elements. The tower maintains the rotor and nacelle of the turbine, as well as it helps the blades to securely remain clear of the ground. To generate electrical power from wind, the turbine is placed at optimal altitudes. Complete turbines with greater capacity need high wind velocity. The elevation of the wind turbine is therefore a key factor for convenient power generation, as wind speeds raise with the turbine height. Also, high towers have less turbulence, which makes high wind turbines more effective.

Market Highlights

Fatpos Global anticipates the Wind Tower market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX.X%. According to the report, increasing the emissions of the atmosphere and offering policy incentives and tax rebates for the installation of wind towers contribute to the growth of the Wind Tower. Furthermore, the market for wind towers has created enormous job potential for qualified workers worldwide.

Global Wind Tower Market: Segments

Global Wind Tower market has been segmented on the basis of application and by Location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.

By Application Type (in %), Global Wind Tower Market, 2019

In 2019, the Utility segment dominated the Global Wind Tower market.

Global Wind Tower Market is segmented by application type into: Utility and Non-Utility

Utility wind turbines are mounted on massive, multi-turbine wind farms connecting to the transmission system of the country. Large-scale wind infrastructure projects require various property, buildings and other approvals, as well as effective administration of ties with the various stakeholders involved in the process. The demand growth of the utility scale sector would be powered by the elimination of barriers to the construction of utilities scale projects.

Global Wind Tower Market: Market Dynamics

Drivers

• Growing carbon emission

Carbon emissions in the atmosphere are rising and are one of the main anthropological causes of climate change. The key explanation for this carbon pollution is the combustion or decomposition or combustion of fossil fuels such as oil, coal and gas.

Restraints

• High initial cost

Wind power operates without a storage system like a battery and therefore do not work at night. Wind turbines largely depend upon the wind velocity and therefore cannot be installed at a place where the wind speed is not high enough thus the market growth is limited by the area of application.

Global Wind Tower Market: Regions

Asia Pacific was the largest market accounting for XX% of total market volume share in 2019

With development projects and government-led investments aimed at boosting industry growth, China accounted for the highest deployed production capacity. In the coming years China's onshore wind energy industry will continue to expand, with the government promoting the growth of renewable energy facilities, with the goal of growing thermal power stakes and reducing pollution in the country's power production. The success of the wind energy projects in the country is likely to be decided, which will, in turn, be the driving force in the area during the prediction period.

Asia Pacific: China, Japan, India, and Rest of Asia Pacific

Europe: Germany, the UK, France, and Rest of Europe

North America: The US, Mexico, and Canada

Latin America: Brazil and Rest of Latin America

Middle East & Africa: GCC Countries and Rest of Middle East & Africa

Global Wind Tower Market: Competitive landscape

Market is mildly concentrated due to several large and small player. In line with the advances in energy companies' regenerative sources, the wind tower manufacturers formulate strategies to boost their market share. Several players invest heavily in developing and improving the adoption level of these products’ innovative technology and designs.

Global Wind Tower Market: Impact of COVID-19

The continuing pandemic COVID-19 has had a worldwide effect on the energy industry. Due to the current scenario, there have been many delayed building projects and postponed construction activities in many nations due mainly to China's supply chain disruptions, lock-downs across all advanced economies, worker-distance guidelines and the future financing difficulties.

Global Wind Tower Market: Key Players

• Suzlon Energy Limited

o Company Overview

o Business Strategy

o Key Product Offerings

o Financial Performance

o Key Performance Indicators

o Risk Analysis

o Recent Development

o Regional Presence

o SWOT Analysis

• CS Wind Corporation

• Siemens AG

• Shanghai Taisheng Wind Power Equipment Co. Ltd.

• KGW Schweriner Maschinen-und Anlagenbau GmbH.

• General Electric

• Trinity Structural Towers, Inc.

• ENERCON GmbH

• WINDAR Renovables

• Vestas Wind Systems A/S

• Other prominent players

Global Wind Tower market report also contains analysis on:

• Wind Tower Market Segments:

o By location type:

 Off shore

 On shore

o By application type:

 Utility

 Non-Utility

• Wind Tower Market Dynamics

• Wind Tower Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints