Los Angeles, December 23, 2019 - Considering the growth of the global Wind Tower market, a new report named, “Global Wind Tower Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application” has been published by QY Research. According to the report, the market size of Wind Tower is estimated to reach slightly over US$ 11.0 Bn by the end of 2025 and in 2018, the market size was greater than US$ 6.0 Bn. The market is expected to exhibit a CGAR of 7.9% between 2019 and 2025. Demand for Wind Towers is anticipated to witness robust growth in the years to come owing to increasing need to reduce the dependence on fossil fuels and growing inclination towards sustainable energy sources.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1107612/global-wind-tower-market
Stumbling Blocks in the Wind Tower Market Growth
● Fluctuation in the wind speed/power may hamper the efficiency of the Wind Tower
● Limited application in regions with very low wind speed
● Wind Towers allow dust, small birds, and animals to enter, thus lowering the performance
● Performance of the Wind Tower depends on the height
● Increasing adoption of solar energy to act as a challenge for the market players
Asia Pacific Market to Gain Benefit from Increasing Wind Power Projects: In the forthcoming years, Asia Pacific is anticipated to undergo significant growth in the Wind Tower market growth. This is attributed to stringent emission regulations and favorable government support for wind power projects. Additionally, increasing demand for Wind Towers from countries, including China and India, is creating opportunity for the regional Wind Tower market.
High Energy Generation to Spur the Demand for Offshore Wind Towers: The report sheds light on the contribution of the applications, comprising offshore and onshore, to the overall Wind Tower market size. Although the application of onshore Wind Towers is prominent across the globe, offshore wind towers are gradually gaining traction owing to the advantages offered by them.
● Higher wind speed/force is available at offshore locations
● Offshore sites allow building of larger wind farms, thus resulting in more energy generation
● No physical restrictions like hills or buildings that block the wind flow
Manufacturers to Raise Wind Power Generation Capacity: Profiling of the key companies such as WINDAR Renovables, CS Wind, Enercon, Shanghai Taisheng Wind Power Equipment, Trinity Structural Towers, Vestas, BiFab, AMBAU, Dongkuk Steel, Gamesa, DCD Wind Towers, Reuther STC, GE Renewable Energy, KGW, WinWinD Power Energy, Siemens, Suzlon, Petrosteel, and Nordex are mapped in the report. Manufacturers are involved in extensive research and development to increase the capacity of wind power generation to meet the growing demand of the regions. Additionally, they are trying to cut down the manufacturing cost of Wind Towers.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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