Market Overview:
The global synchronous wind turbine tower market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into 750kW, 1200kW, 1500kW and other segments. Among these segments, the 750 kW segment is expected to hold a major share in terms of revenue in 2018 and is also projected to be one of the fastest-growing segments during the forecast period. This can be attributed to factors such as increasing demand for renewable energy sources across different regions and growing awareness about benefits offered by wind turbines among consumers.
Product Definition:
A synchronous wind turbine tower is a type of wind turbine tower that uses a synchronous generator to convert the mechanical energy of the blades into electrical energy. The importance of this type of tower is that it can help to improve the efficiency and output of a wind farm by allowing multiple turbines to be connected to one another.
750kW:
750kW is the capacity of a synchronous wind turbine tower. It is used to determine the power output of these turbines and also its usage in various applications. 750 kW means that this machine has an ability to produce enough electricity for powering over 30,000 homes at any given time with an annual energy generation of more than 2,300 GWh.
The global market for synchronous wind turbine towers was valued at USD 8 billion in 2015.
1200kW:
1200kW is the maximum power output of a synchronous wind turbine (SWT) tower. It is used to indicate the power generating capacity of an installed GW plant. The 1200kW figure was introduced by the European Union in 2010 as a mandatory requirement for all new installations after 2020, which will lead to considerable cost savings and reduce environmental impact.
The global market for SWT has witnessed significant growth over recent years owing to growing demand from Europe.
Application Insights:
Tourist attraction was the largest application segment in the global synchronous wind turbine tower market, which accounted for a share of 33.3% in 2017. The growth of this segment is driven by government initiatives to promote tourism across various countries worldwide. For instance, Spain¢â‚¬â„¢s Ministry of Energy and Mines has announced plans to build around 100 wind turbines with a capacity of 3 MW each at tourist destinations across the country, which will help improve renewable energy generation and provide clean electricity to tourists sites.
The border defense application segment is expected to witness significant growth over the forecast period owing to increased military spending by countries such as China and India along their borders with other countries like Bhutan and Vietnam respectively.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing investments and favorable government policies for SAWs. Asia Pacific, on the other hand, is anticipated to witness a lucrative CAGR over the forecast period due to growing awareness regarding SAWs and increasing demand from countries such as China and Japan.
The European Commission has announced plans for phasing out conventional turbines by 2030 in order to achieve sustainable energy production. In addition, Germany aims at reducing greenhouse gas emissions by 40% within just 12 years which will further boost industry growth across Europe during the projected time frame.
North America accounted for a significant market share owing to early adoption of synchronous wind turbines coupled with high awareness regarding renewable energy sources among consumers & policy makers in U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting the installation of wind turbines
- Reduction in the cost of wind energy technology
- Growing concern about climate change and air pollution
- Availability of subsidies and other financial incentives for installing wind turbines
Scope Of The Report
Report Attributes
Report Details
Report Title
Synchronous Wind Turbine Tower Market Research Report
By Type
750kW, 1200kW, 1500kW, Other
By Application
Tourist Attractions, Border Defense, Municipal Administration, Other
By Companies
Valmont, Speco, Titan Wind Energy, Shanghai Taisheng, China WindPower Group Limited, Dajin Heavy Industry, Tianneng Electric Power, Harbin Red Boiler Group, Valmont SM, Broadwind Energy, Valmont, CS Wind, DONGKUK S&C, KGW, NAVACEL, Broadwind
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Synchronous Wind Turbine Tower Market Report Segments:
The global Synchronous Wind Turbine Tower market is segmented on the basis of:
Types
750kW, 1200kW, 1500kW, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tourist Attractions, Border Defense, Municipal Administration, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Valmont
- Speco
- Titan Wind Energy
- Shanghai Taisheng
- China WindPower Group Limited
- Dajin Heavy Industry
- Tianneng Electric Power
- Harbin Red Boiler Group
- Valmont SM
- Broadwind Energy
- Valmont
- CS Wind
- DONGKUK S&C
- KGW
- NAVACEL
- Broadwind
Highlights of The Synchronous Wind Turbine Tower Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 750kW
- 1200kW
- 1500kW
- Other
- By Application:
- Tourist Attractions
- Border Defense
- Municipal Administration
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synchronous Wind Turbine Tower Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A synchronous wind turbine tower is a type of wind turbine that uses the same blades to rotate in both directions. This allows the tower to be taller and have a larger blade area, which improves efficiency.
Some of the key players operating in the synchronous wind turbine tower market are Valmont, Speco, Titan Wind Energy, Shanghai Taisheng, China WindPower Group Limited, Dajin Heavy Industry, Tianneng Electric Power, Harbin Red Boiler Group, Valmont SM, Broadwind Energy, Valmont, CS Wind, DONGKUK S&C, KGW, NAVACEL, Broadwind.
The synchronous wind turbine tower market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synchronous Wind Turbine Tower Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synchronous Wind Turbine Tower Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synchronous Wind Turbine Tower Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synchronous Wind Turbine Tower Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synchronous Wind Turbine Tower Market Size & Forecast, 2020-2028
4.5.1 Synchronous Wind Turbine Tower Market Size and Y-o-Y Growth
4.5.2 Synchronous Wind Turbine Tower Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 750kW
5.2.2 1200kW
5.2.3 1500kW
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Tourist Attractions
6.2.2 Border Defense
6.2.3 Municipal Administration
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synchronous Wind Turbine Tower Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synchronous Wind Turbine Tower Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 750kW
9.6.2 1200kW
9.6.3 1500kW
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Tourist Attractions
9.10.2 Border Defense
9.10.3 Municipal Administration
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 750kW
10.6.2 1200kW
10.6.3 1500kW
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Tourist Attractions
10.10.2 Border Defense
10.10.3 Municipal Administration
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 750kW
11.6.2 1200kW
11.6.3 1500kW
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Tourist Attractions
11.10.2 Border Defense
11.10.3 Municipal Administration
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 750kW
12.6.2 1200kW
12.6.3 1500kW
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Tourist Attractions
12.10.2 Border Defense
12.10.3 Municipal Administration
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 750kW
13.6.2 1200kW
13.6.3 1500kW
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Tourist Attractions
13.10.2 Border Defense
13.10.3 Municipal Administration
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synchronous Wind Turbine Tower Market: Competitive Dashboard
14.2 Global Synchronous Wind Turbine Tower Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Valmont
14.3.2 Speco
14.3.3 Titan Wind Energy
14.3.4 Shanghai Taisheng
14.3.5 China WindPower Group Limited
14.3.6 Dajin Heavy Industry
14.3.7 Tianneng Electric Power
14.3.8 Harbin Red Boiler Group
14.3.9 Valmont SM
14.3.10 Broadwind Energy
14.3.11 Valmont
14.3.12 CS Wind
14.3.13 DONGKUK S&C
14.3.14 KGW
14.3.15 NAVACEL
14.3.16 Broadwind
