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Wind Tower Market: Industry Analysis, Future Growth, Size, Business Prospects and Global Forecast to 2023


Market Highlights

The wind is one of the cleanest sources of power. Wind turbines harness the power of the wind to generate electricity. Wind tower is the support structure for a wind turbine and its other components such as blades, turn around a rotor and create electricity.  It helps the wind turbine blades to safely clear the ground and elevate the turbine to an optimal height to generate electrical energy from the wind. As the speed increases with altitude, it is better to install tall wind towers to produce maximum output. Taller towers are desirable because winds are stronger at higher altitudes, thereby producing more power for each turbine installed. The opportunity to achieve 12% more power output per installed-turbine could not be realized without addressing the key height issues of installing 80m or higher towers.

Transportation limitations: The cost of transporting large, tubular-steel wind towers is high.The towers come in four sections with the heaviest weighing over 50 tons. Highly specialized trailers that are worth USD 500,000, are needed to move each section, which results in the high tower transport cost of up to USD 180 per mile.

Weight scalability with height: There are greater overall forces acting on a 100m tall tower compared to an 80m tower structure. Conventional tubular-steel towers combat these forces by adding a lot of steel mass to increase stiffness. As a result, the cost of steel towers grows exponentially with tower height, making taller towers economically impractical.

 Key Players:

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The key players of global wind tower market are Suzlon Energy Limited (India), Enercon GmbH (Germany), CS Wind Corporation (South Korea), General Electric (U.S.), Siemens AG (Germany), Trinity Structural Towers, Inc. (U.S.) , Vestas Wind Systems A/S (Denmark),  Valmont Industries, Inc. (U.S.), Ambau (Germany), and Broadwind Energy (U.S.).

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 Initial research showed that, while a composite tower would reduce weight, it would not be able to achieve the required stiffness levels and thus would be subject to unacceptable resonance oscillation forces. The company applied its learning and adapted the composite design to a highly innovative steel space frame structure that achieved all of the design objectives.

Several tower designs have been proposed for 100m and more. Conventional 80 to 100m towers could be placed atop the 31m tall concrete foundation for hub heights 111 to 131m. The wider than conventional base also allows using less concrete and rebar in the foundation.

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Global wind tower market is expected to be very broad in the coming years. MRFR analysts have predicted that wind energy industry is about to grow at a rapid pace. Moreover, the economic growth with emissions reduction have given the growth, a momentum.

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