Concrete Wind Tower Market: Introduction
- Wind towers are tall structures with wind turbines mounted on upper end. They can be multidirectional, unidirectional, and bidirectional.
- Height of a wind tower depends on its energy generation capacity. Towers with higher altitude are preferred, as wind is stronger at higher altitudes.
- Various types of wind towers are available in the market such as steel, concrete, and hybrid. Wind towers can be installed on ground as well as offshore. Concrete towers are widely used in wind projects due to their better performance and greater life span compared to steel towers.
- Concrete wind towers are cost effective and have less number of joints than steel towers. Moreover, they require less maintenance cost and can accommodate heavy turbines due to its strong tower base. Concrete wind towers are preferred for offshore installation due to their corrosion-resistant property.
- Steel towers of large diameters are difficult to transport, while concrete tower with large diameters can be built on the site
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Rise in Demand for Sustainable Energy
- Rise in demand for clean and reliable source of energy, increase in rates of conventional electricity due to volatile prices of raw materials, decline in fossil fuels, and awareness about renewable energy generation offer lucrative opportunities for wind tower manufacturers
- Stringent environmental regulations regarding the emission of carbon dioxide is also fueling the demand for wind energy. In developed regions, such as North America and Europe, emissions from energy generation have increased considerably in the past few years.
- Rise in the number of technological research and development programs related to sustainable energy development, especially in developed countries, is anticipated to propel the concrete wind tower market during the forecast period
- Governments of developing countries as well as developed countries are promoting unconventional sources of energy, such as wind energy. Initiatives by governments to support wind energy generation are positively impacting the concrete wind tower market
- Growing prices of steel is affecting the demand for steel wind towers. The demand for concrete wind towers in increasing due to its low prices compared to steel wind towers. However, high logistics cost and project installation are key factors restricting the growth of the concrete wind tower market.
Onshore Segment to Offer Lucrative Opportunities
- In terms of application, the global concrete wind tower market can be segmented into onshore and offshore. The onshore segment is anticipated to hold the considerable share of the market.
- Offshore wind towers are difficult to build, and require higher installation and maintenance cost as compared to onshore wind towers. Easy installation and long life of onshore wind tower are expected to drive the global concrete wind tower market.
- Onshore wind towers allow more energy saving and less voltage drop through cabling due to less distance between consumer and windmill
Europe to Hold Significant Share of Global Concrete Wind Tower Market
- In terms of region, the global concrete wind tower market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Europe is estimated to account for a prominent share of the global concrete wind tower market in the near future, owing to the rise in environmental concerns, such as pollution, in the region. The energy industry in the U.K. contributes significantly to the concrete wind tower market in Europe.
- The concrete wind tower market in North American is projected to grow, owing to increase in investments in the wind energy sector. The U.S. Government is undertaking various initiatives to increase energy production through unconventional sources to reduce carbon emission and maintain environmental balance.
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Key Players in Global Concrete Wind Tower Market
The global concrete wind tower market is moderately concentrated with top manufacturers accounting for major share. Prominent players operating in the global concrete wind tower market are entering into partnerships to supply and market their products across the globe.
Key players operating in the global concrete wind tower market include:
- Siemens AG
- RCAM TECHNOLOGIES
- INNEO TORRES
- ENERCON Gmbh
- TopView Infratech India Pvt. Ltd.
- Wind World (India) Limited.
- MidAmerican Energy Company
Global Concrete Wind Tower Market: Research Scope
Global Concrete Wind Tower Market, by Application
Global Concrete Wind Tower Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.