The wind is one of the cleanest sources of power generation. Wind turbines harness the power of the wind to generate electricity. The energy present in the wind turns the blades around a rotor, which is connected to the main shaft that spins a generator to create electricity. A wind tower is the support structure for a wind turbine and its other components. It helps the wind turbine blades to safely clear the ground and elevate the turbine to an optimum height to generate electrical energy from the wind. As speed increases with altitude, it is better to install tall wind towers to produce maximum output.
Technavio’s analysts forecast the global wind tower market to grow at a CAGR of 9.95% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global wind tower market for 2017-2021. To calculate the market size, the report considers the annual installed capacity of wind and the average price of wind tower.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Wind Tower Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver - Increase in rotor diameter - For a full, detailed list, view our report
Market challenger - Development of airborne wind turbines - For a full, detailed list, view our report
Market trend - Increase in demand for clean power - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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