Wind Tower Market Highlights the Impact of COVID-19 2020-2024 | Increasing Demand for Heightened Wind Towers to boost Market Growth | Technavio
Technavio has been monitoring the wind tower market and it is poised to grow by USD 6.75 billion during 2020-2024, progressing at a CAGR of 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
Which is the leading segment based on product in the market?
The tubular steel towers segment is expected to be the leading segment based on product during the forecast period.
What is the major trend for market?
Development of airborne wind turbines is a major growth factor for the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 6.75 billion.
Who are the top players in the market?
Acciona SA, Arcosa Inc., Broadwind Energy Inc., CS WIND Corp., ENERCON GmbH, Nordex SE, Valmont Industries Inc., Vestas Wind System AS, Windar Renovables, and Xinjiang Goldwind Science & Technology Co. Ltd. are some of the major market participants.
What are the key market drivers and challenges?
Increasing demand for heightened wind towers and development of airborne wind turbines are the major factors driving the market. However, competition from alternative sources of energy will restrain market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acciona SA, Arcosa Inc., Broadwind Energy Inc., CS WIND Corp., ENERCON GmbH, Nordex SE, Valmont Industries Inc., Vestas Wind System AS, Windar Renovables, and Xinjiang Goldwind Science & Technology Co. Ltd. are some of the major market participants. The increasing demand for heightened wind towers will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wind tower market report covers the following areas:
Wind Tower Market Size
Wind Tower Market Trends
Wind Tower Market Analysis
This study identifies development of airborne wind turbines as one of the prime reasons driving the wind tower market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist wind tower market growth during the next five years
Estimation of the wind tower market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the wind tower market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of wind tower market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Tubular steel towers - Market size and forecast 2019-2024
Concrete towers - Market size and forecast 2019-2024
Other towers - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Market segments
Comparison by Application
Onshore - Market size and forecast 2019-2024
Offshore - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Acciona SA
Arcosa Inc.
Broadwind Energy Inc.
CS WIND Corp.
ENERCON GmbH
Nordex SE
Valmont Industries Inc.
Vestas Wind System AS
Windar Renovables
Xinjiang Goldwind Science & Technology Co. Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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