Global Wind Tower Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Tubular Steel, Concrete, Lattice, Hybrid and Guyed Pole Towers.

By Capacity;

5mw-3mw, Up To 1.5mw, and Over 3mw.

By Application;

Off-Shore and On-Shore.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn323663518 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Wind Tower Market (USD Million), 2021 - 2031

In the year 2024, the Global Wind Tower Market was valued at USD 36,170.49 million. The size of this market is expected to increase to USD 62,797.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The global wind tower market has experienced significant growth in recent years, driven by the increasing demand for renewable energy sources and the global push towards decarbonization. Wind power has emerged as a crucial component of the renewable energy mix, offering clean and sustainable electricity generation. Wind towers form an integral part of wind turbine installations, providing the necessary height for wind turbines to capture maximum wind energy. As governments worldwide implement policies to reduce greenhouse gas emissions and combat climate change, the demand for wind towers continues to rise.

One of the key drivers fueling the growth of the global wind tower market is the declining cost of wind energy. Technological advancements, economies of scale, and streamlined manufacturing processes have contributed to significant cost reductions in wind power generation. This has made wind energy increasingly competitive with conventional fossil fuel-based power generation, driving adoption across various regions. Additionally, the scalability and versatility of wind energy make it an attractive option for both developed and developing economies seeking to diversify their energy portfolios and achieve energy security.

Favorable government policies and incentives aimed at promoting renewable energy deployment have stimulated investment in wind power projects worldwide. Subsidies, tax credits, feed-in tariffs, and renewable energy targets set by governments encourage the development of wind energy infrastructure, including wind towers. Moreover, growing public awareness of environmental issues and the imperative to transition to cleaner energy sources have bolstered public support for wind energy projects, further propelling market growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Capacity
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Wind Tower Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Renewable energy

        2. Increasing focus

        3. Technological advancements

      2. Restraints
        1. High initial

        2. Regulatory uncertainties

        3. Challenges related to land availability

      3. Opportunities
        1. Growing offshore wind energy

        2. Emerging markets

        3. Development of taller

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Wind Tower Market, By Type, 2021 - 2031 (USD Million)
      1. Tubular Steel
      2. Concrete
      3. Lattice
      4. Hybrid
      5. Guyed Pole Towers
    2. Global Wind Tower Market, By Application, 2021 - 2031 (USD Million)
      1. 5mw-3mw
      2. Up To 1.5mw
      3. Over 3mw
    3. Global Wind Tower Market, By Application, 2021 - 2031 (USD Million)
      1. Off-Shore
      2. On-Shore
    4. Global Wind Tower Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Siemens AG
      2. Trinity Structural Towers, Inc.
      3. Vestas Wind Systems A/S
      4. Shanghai Taisheng Wind Power Equipment Co. Ltd.
      5. WINDAR Renovables.
      6. Valmont Industries Inc.
      7. KGW Schweriner Maschinen
      8. Broadwind Energy Inc.
      9. Dongkuk S&C.
  7. Analyst Views
  8. Future Outlook of the Market