Wind Tower Market Value to Cross $19 Billion by 2019

Dec 08, 2015, 21:00 ET from ReportsnReports

PUNE, India, December 9, 2015 /PRNewswire/ --

The wind tower market is witnessing some positive trends, including growing support from governments, increased R&D investments and development of technological advanced wind tower systems. The industry has created enormous job opportunities across the globe. These factors are expected to stimulate the prospects for growth in this market and results in its impressive market value of more than USD 19 billion by 2019.

Complete report on global wind tower market spread across 57 pages, analyzing 6 major companies and providing 32 data exhibits is now available at http://www.reportsnreports.com/reports/446045-global-wind-tower-market-2015-2019.html.

According to the report, the growth in the wind tower market is also driven by favourable government support for wind energy development in several countries around the world. Governments of both developed and developing countries are strongly promoting wind energy and hence positively influencing the market for wind towers.

In this market research report, analysts estimate the APAC region to dominate the global market for wind towers during the forecast period. Market growth in this region is expected to be driven by factors like rapid industrialization, growing power demand, and government initiatives to back renewable power development. These factors promote market growth in this region during the forecast period and results in its high market share of nearly 44% by 2019.

Segmentation by Type and Analysis of the Wind Tower Market: Tubular steel, Concrete, Hybrid and Lattice towers. The market research analysts have estimated the tubular steel towers segment to dominate over all the other segments during the forecast period. Growth in this segment is envisaged to be driven by factors like its cost effectiveness and its ability to provide strength to the wind turbine structures, which results in its impressive market share of almost 92% by 2019. Order a copy of Global Wind Tower Market 2015-2019 report @ http://www.reportsnreports.com/purchase.aspx?name=446045.

Application-Based Segmentation of the Wind Tower Market: Offshore and Onshore. By application, the onshore segment is envisaged to account for more than 92% of the total market share by 2019. Rising onshore wind capacity across the globe is expected to account for this segments high market share during the forecast period.

This market is highly competitive and is primarily dominated by large vendors like CS Wind Corp and Enercon Gmbh. Vendors that focus on designing robust and tall towers that can support large capacity turbines in both onshore and offshore conditions are expected to gain maximum prominence in this market. The key players analysed in the global wind tower market are CS Wind Corp, Enercon Gmbh, Shanghai Taisheng Wind Power Equipment, Trinity Structural Towers, Vestas A/S and Windar Renovables. Other Prominent Vendors in the market are AMBAU, Dongkuk, Gamesa, GE, KGW, Siemens, Suzlon, and Win Wind.

Further, the report states that the market growth is expected to be negatively impacted by high construction and installation cost of wind towers. The volatile raw material prices and supply disruptions would further impede market growth.

Another wind energy related report available with ReportsnReports.com is Global Wind Turbine Rotor Blade Market 2015-2018. The analysts forecast global wind turbine rotor blade market to grow at a CAGR of 17% by revenue over the period 2015-2019. To calculate the market size, the report considers revenue generated through the sale of wind turbine rotor blade. Key vendors include Enercon, Gamesa, Goldwind, LM Wind Power, MFG, Nordex, TPI and Vestas while other prominent vendors simply mentioned in this research cover Acciona, Aeroblade, Dewind, Flexsys, Guodian United Power Technology, Inox wind, KM, Powerblades, Siemens Wind Power, Sinoi, Sinomatech Wind Power Blade, Suzlon Energy, Wuxi Turbine Blade and Zhonghang Hui Teng Windpower Equipment. Access the complete report at http://www.reportsnreports.com/reports/432155-global-wind-turbine-rotor-blade-market-2015-2018.html.

Explore more reports on energy and power market at http://www.reportsnreports.com/market-research/energy-and-power-supplies/ .

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