Analyzing the Global Market for Wind Turbine Towers
The wind tower is a vital component of any wind turbine system.
Technological advancement has resulted in an acceleration in the achievable capacity of a single wind turbine. This could cause a decline in the number of towers installed in the coming years until 2020, despite an expected increase in annual capacity installed throughout this period.
Naturally, the growth of the wind tower market is directly proportionate to the growth of the wind energy industry, which is heavily impacted by favorable government policies, rising demand for power and uncertain supply and prices of energy from conventional sources.
China, the United States, India, Germany and Canada are major wind energy markets, accounting for around 90% of the global wind power market and the same held true for the global wind tower market in 2014 as well. These countries had the maximum number of wind tower installations in 2014. However, Denmark and the Netherlands also proved to be major global wind tower manufacturing powerhouses, manufacturing towers on a significant scale, mostly for export to the US and European markets.
A considerable percentage of Asian tower manufacturers ship their wind towers to North American and European countries, as the production cost is low in Asian countries and they are able to offer towers at competitive prices to these markets.
From 2014 to 2020, the addition of wind energy capacity is expected to increase. Yet again, the number of towers installed annually during this period will increase only slightly, due to the annual growth of average turbine capacity.
Some of the leading manufacturers of wind towers include China Ming Yang Wind Power Group Ltd, Enercon, Gamesa, GE, Senvion, Sinovel Wind Group amongst others.
Aruvian Research analyzes the global market for wind turbine towers in its research report Analyzing the Global Market for Wind Turbine Towers. Divided into five sections, the report first analyzes the global wind power industry through an analysis of wind power technology, how wind turbines work, power generation from wind, cost of a wind turbine and other factors. The report also analyzes the global wind energy industry through a market profile, market statistics, market analysis by region, wind power in the European Union and the global offshore wind market.
Section 2 of the report Analyzing the Global Market for Wind Turbine Towers looks at wind turbines through components, global installations of wind turbines, market size, cost of turbines and other factors.
Section 3 analyzes the market for wind turbine towers. The section begins with an introduction to wind towers looking at the types of wind turbine towers there are, considerations for choosing wind towers, turbine heights, site considerations and other factors.
The market for wind turbine towers is analyzed through an industry overview, industry size and cost of wind turbine towers. Industry data is analyzed from 2006 to 2020. The report also analyzes industry trends and competition in the industry.
Following on from the analysis of the competitive landscape of the industry, we analyze the major manufacturers of wind towers such as the China Ming Yang Wind Power Group, Enercon, Vestas, Gamesa, GE, Senvion, Siemens and others. Each of the major players are analyzed through a corporate profile, an analysis of the major business segments, a financial analysis and a SWOT analysis.
Analyzing the Global Market for Wind Turbine Towers is a comprehensive analysis of not only the market for wind towers but also the global wind power industry.
Technological advancement has resulted in an acceleration in the achievable capacity of a single wind turbine. This could cause a decline in the number of towers installed in the coming years until 2020, despite an expected increase in annual capacity installed throughout this period.
Naturally, the growth of the wind tower market is directly proportionate to the growth of the wind energy industry, which is heavily impacted by favorable government policies, rising demand for power and uncertain supply and prices of energy from conventional sources.
China, the United States, India, Germany and Canada are major wind energy markets, accounting for around 90% of the global wind power market and the same held true for the global wind tower market in 2014 as well. These countries had the maximum number of wind tower installations in 2014. However, Denmark and the Netherlands also proved to be major global wind tower manufacturing powerhouses, manufacturing towers on a significant scale, mostly for export to the US and European markets.
A considerable percentage of Asian tower manufacturers ship their wind towers to North American and European countries, as the production cost is low in Asian countries and they are able to offer towers at competitive prices to these markets.
From 2014 to 2020, the addition of wind energy capacity is expected to increase. Yet again, the number of towers installed annually during this period will increase only slightly, due to the annual growth of average turbine capacity.
Some of the leading manufacturers of wind towers include China Ming Yang Wind Power Group Ltd, Enercon, Gamesa, GE, Senvion, Sinovel Wind Group amongst others.
Aruvian Research analyzes the global market for wind turbine towers in its research report Analyzing the Global Market for Wind Turbine Towers. Divided into five sections, the report first analyzes the global wind power industry through an analysis of wind power technology, how wind turbines work, power generation from wind, cost of a wind turbine and other factors. The report also analyzes the global wind energy industry through a market profile, market statistics, market analysis by region, wind power in the European Union and the global offshore wind market.
Section 2 of the report Analyzing the Global Market for Wind Turbine Towers looks at wind turbines through components, global installations of wind turbines, market size, cost of turbines and other factors.
Section 3 analyzes the market for wind turbine towers. The section begins with an introduction to wind towers looking at the types of wind turbine towers there are, considerations for choosing wind towers, turbine heights, site considerations and other factors.
The market for wind turbine towers is analyzed through an industry overview, industry size and cost of wind turbine towers. Industry data is analyzed from 2006 to 2020. The report also analyzes industry trends and competition in the industry.
Following on from the analysis of the competitive landscape of the industry, we analyze the major manufacturers of wind towers such as the China Ming Yang Wind Power Group, Enercon, Vestas, Gamesa, GE, Senvion, Siemens and others. Each of the major players are analyzed through a corporate profile, an analysis of the major business segments, a financial analysis and a SWOT analysis.
Analyzing the Global Market for Wind Turbine Towers is a comprehensive analysis of not only the market for wind towers but also the global wind power industry.
EXECUTIVE SUMMARY
SECTION 1: GLOBAL WIND POWER INDUSTRY
A. INTRODUCTION TO WIND POWER
A.1 How do Wind Turbines Work?
A.2 Wind Power Technology
A.3 Power Generation from Wind
B. WIND POWER TECHNOLOGY
B.1 Introduction
B.2 Types of Turbines
B.3 Airborne Wind Turbine
B.4 Wind Turbine’s Power Output
B.5 Cost of a Wind Turbine
B.6 Turbine Size
B.7 Efficiency Factors
B.8 Offshore Wind Turbines
B.9 Lifetime of a Turbine
B.10 Globalization Impacting the Wind Turbine Market
C. ANALYZING THE GLOBAL WIND ENERGY INDUSTRY
C.1 Market Profile
C.2 Market Statistics
C.3 Market Analysis by Region
C.3.1 Africa & the Middle East
C.3.2 Asia
C.3.3 Europe
C.3.4 North America
C.3.5 South & Latin America
C.3.6 Pacific Region
C.4 Wind Power in the European Union (EU)
C.4.1 Overview
C.4.2 Offshore Wind Market
C.4.3 Market Trends
C.4.4 Regulatory Framework
C.5 Global Offshore Wind Market
C.5.1 Overview
C.5.2 Asia
C.5.3 Europe
C.5.4 United States
SECTION 2: GLOBAL WIND TURBINE INDUSTRY
A. INTRODUCTION TO WIND TURBINES
A.1 Components of Wind Turbines
A.2 Global Installations of Wind Turbines
A.3 Market Size
A.4 Cost of Turbines
A.5 Average Turbine Size
A.6 Market Share
SECTION 3: ANALYZING THE GLOBAL MARKET FOR WIND TURBINE TOWERS
A. INTRODUCTION
A.1 Overview of Wind Turbine Towers
A.2 Turbine Height
A.3 Types of Wind Turbine Towers
A.4 Considerations for Choosing Wind Towers
A.4.1 Cost Considerations
A.4.2 Aerodynamic Considerations
A.4.3 Engineering Considerations
A.4.4 Structural Dynamic Considerations
A.4.5 Tower Height Considerations
A.4.6 Site Considerations
B. MARKET FOR WIND TURBINE TOWERS
B.1 Industry Overview
B.2 Industry Size
B.3 Cost of Wind Turbine Towers
C. INDUSTRY TRENDS
D. COMPETITION IN THE INDUSTRY
SECTION 4: ANALYSIS OF MAJOR MANUFACTURERS OF WIND TURBINE TOWERS
A. CHINA MING YANG WIND POWER GROUP LTD
A.1 Corporate Profile
A.2 Business Segment Analysis
A.3 Financial Analysis
A.4 SWOT Analysis
B. ENERCON
B.1 Corporate Profile
B.2 Business Segment Analysis
B.3 Financial Analysis
B.4 SWOT Analysis
C. GAMESA CORPORACION TECNOLOGICA SA
C.1 Corporate Profile
C.2 Business Segment Analysis
C.3 Financial Analysis
C.4 SWOT Analysis
D. GENERAL ELECTRIC COMPANY
D.1 Corporate Profile
D.2 Business Segment Analysis
D.3 Financial Analysis
D.4 SWOT Analysis
E. SENVION SE
E.1 Corporate Profile
E.2 Business Segment Analysis
E.3 Financial Analysis
E.4 SWOT Analysis
F. SIEMENS AG
F.1 Corporate Profile
F.2 Business Segment Analysis
F.3 Financial Analysis
F.4 SWOT Analysis
G. SINOVEL WIND GROUP COMPANY LIMITED
G.1 Corporate Profile
G.2 Business Segment Analysis
G.3 Financial Analysis
G.4 SWOT Analysis
H. SUZLON ENERGY LIMITED
H.1 Corporate Profile
H.2 Business Segment Analysis
H.3 Financial Analysis
H.4 SWOT Analysis
I. VESTAS WIND SYSTEMS A/S
I.1 Corporate Profile
I.2 Business Segment Analysis
I.3 Financial Analysis
I.4 SWOT Analysis
J. ENVISION ENERGY
K. GUODIAN UNITED POWER TECHNOLOGY CO., LTD.
L. XINJIANG GOLDWIND
SECTION 5: CONCLUSION
A. APPENDIX
B. GLOSSARY OF TERMS
SECTION 1: GLOBAL WIND POWER INDUSTRY
A. INTRODUCTION TO WIND POWER
A.1 How do Wind Turbines Work?
A.2 Wind Power Technology
A.3 Power Generation from Wind
B. WIND POWER TECHNOLOGY
B.1 Introduction
B.2 Types of Turbines
B.3 Airborne Wind Turbine
B.4 Wind Turbine’s Power Output
B.5 Cost of a Wind Turbine
B.6 Turbine Size
B.7 Efficiency Factors
B.8 Offshore Wind Turbines
B.9 Lifetime of a Turbine
B.10 Globalization Impacting the Wind Turbine Market
C. ANALYZING THE GLOBAL WIND ENERGY INDUSTRY
C.1 Market Profile
C.2 Market Statistics
C.3 Market Analysis by Region
C.3.1 Africa & the Middle East
C.3.2 Asia
C.3.3 Europe
C.3.4 North America
C.3.5 South & Latin America
C.3.6 Pacific Region
C.4 Wind Power in the European Union (EU)
C.4.1 Overview
C.4.2 Offshore Wind Market
C.4.3 Market Trends
C.4.4 Regulatory Framework
C.5 Global Offshore Wind Market
C.5.1 Overview
C.5.2 Asia
C.5.3 Europe
C.5.4 United States
SECTION 2: GLOBAL WIND TURBINE INDUSTRY
A. INTRODUCTION TO WIND TURBINES
A.1 Components of Wind Turbines
A.2 Global Installations of Wind Turbines
A.3 Market Size
A.4 Cost of Turbines
A.5 Average Turbine Size
A.6 Market Share
SECTION 3: ANALYZING THE GLOBAL MARKET FOR WIND TURBINE TOWERS
A. INTRODUCTION
A.1 Overview of Wind Turbine Towers
A.2 Turbine Height
A.3 Types of Wind Turbine Towers
A.4 Considerations for Choosing Wind Towers
A.4.1 Cost Considerations
A.4.2 Aerodynamic Considerations
A.4.3 Engineering Considerations
A.4.4 Structural Dynamic Considerations
A.4.5 Tower Height Considerations
A.4.6 Site Considerations
B. MARKET FOR WIND TURBINE TOWERS
B.1 Industry Overview
B.2 Industry Size
B.3 Cost of Wind Turbine Towers
C. INDUSTRY TRENDS
D. COMPETITION IN THE INDUSTRY
SECTION 4: ANALYSIS OF MAJOR MANUFACTURERS OF WIND TURBINE TOWERS
A. CHINA MING YANG WIND POWER GROUP LTD
A.1 Corporate Profile
A.2 Business Segment Analysis
A.3 Financial Analysis
A.4 SWOT Analysis
B. ENERCON
B.1 Corporate Profile
B.2 Business Segment Analysis
B.3 Financial Analysis
B.4 SWOT Analysis
C. GAMESA CORPORACION TECNOLOGICA SA
C.1 Corporate Profile
C.2 Business Segment Analysis
C.3 Financial Analysis
C.4 SWOT Analysis
D. GENERAL ELECTRIC COMPANY
D.1 Corporate Profile
D.2 Business Segment Analysis
D.3 Financial Analysis
D.4 SWOT Analysis
E. SENVION SE
E.1 Corporate Profile
E.2 Business Segment Analysis
E.3 Financial Analysis
E.4 SWOT Analysis
F. SIEMENS AG
F.1 Corporate Profile
F.2 Business Segment Analysis
F.3 Financial Analysis
F.4 SWOT Analysis
G. SINOVEL WIND GROUP COMPANY LIMITED
G.1 Corporate Profile
G.2 Business Segment Analysis
G.3 Financial Analysis
G.4 SWOT Analysis
H. SUZLON ENERGY LIMITED
H.1 Corporate Profile
H.2 Business Segment Analysis
H.3 Financial Analysis
H.4 SWOT Analysis
I. VESTAS WIND SYSTEMS A/S
I.1 Corporate Profile
I.2 Business Segment Analysis
I.3 Financial Analysis
I.4 SWOT Analysis
J. ENVISION ENERGY
K. GUODIAN UNITED POWER TECHNOLOGY CO., LTD.
L. XINJIANG GOLDWIND
SECTION 5: CONCLUSION
A. APPENDIX
B. GLOSSARY OF TERMS
LIST OF FIGURES
Figure 1: Power Curve for Wind Turbine
Figure 2: Energy Produced at Various Wind Speeds at Typical Wind Farm Site
Figure 3: Energy Produced at Various Wind Speeds at Typical Site
Figure 4: Capacity Factor in % of Rated Power
Figure 5: Aerodynamics of Wind Power
Figure 6: Components in a Simplified Wind Turbine
Figure 7: Airborne Wind Generator
Figure 8: Main Components of a Wind Turbine and their Share of the Overall Turbine Cost for a 5 MW Wind Turbine
Figure 9: Turbine Diameter Growth with Time
Figure 10: Growth in Size of Commercial Wind Turbine Designs
Figure 11: Development of the Average Wind Turbine Size Sold in Different Countries (in KW)
Figure 12: Increase in Turbine Prices from 2012 to 2014
Figure 13: Top 10 Cumulative Capacity as of Dec 2014
Figure 14: Top 10 New Installed Capacity Jan-Dec 2014
Figure 15: Global Annual Installed Wind Capacity 1997-2014
Figure 16: Global Cumulative Installed Wind Capacity 1997-2014
Figure 17: Annual Installed Capacity by Region 2006-2014
Figure 18: Share of New Wind Power Installations in the EU (in MW), 2014
Figure 19: Total Installed Capacity in the European Union (in MW), 2001-2014
Figure 20: Electricity Generating Installations in the EU (in GW), 2000-2014
Figure 21: Annual Offshore Wind Capacity Installations in Europe in 2014 (in MW)
Figure 22: Share of Wind Turbine Manufacturers’ at end of 2014 (in MW)
Figure 23: Components of a Wind Turbine
Figure 24: Global Annual Wind Power Installations (in GW), 2006-2015
Figure 25: Global Turbine Market Size (in USD Billion) & Average Turbine Cost (in USD per kW), 2006-2015
Figure 26: Average Capacity of a Wind Turbine, Offshore and Onshore Turbines (in MW), 2006-2020
Figure 27: Major Players in the Global Turbine Industry & their Market Share (%), 2014
Figure 28: Yearly Variation of Market Shares of Major Wine Turbine Suppliers (%), 2007-2014
Figure 29: Guyed Wind Tower
Figure 30: Guyed Tilt-Up Wind Tower
Figure 31: Freestanding Lattice Wind Tower
Figure 32: Freestanding Tubular Wind Tower
Figure 33: Floating Wind Tower
Figure 34: Size of the Wind Tower Market (in USD Billion), 2006-2020
Figure 35: Cost of the Wind Turbine Towers (in USD per kW), 2006-2020
Figure 36: Revenues & Profitability of Suzlon Energy Limited (in USD Million), 2010-2014
Figure 37: General Layout for a Wind Turbine System
Figure 38: An Offshore Wind Farm
Figure 39: Overall Wind Farm Costs
Figure 40: Total Renewables Cost Envelope vs. Coal, Gas & Nuclear Cost
Figure 41: Combustion Emissions from Electricity Generation 2005-2050
Figure 42: Low Emission Generation Requirements
Figure 1: Power Curve for Wind Turbine
Figure 2: Energy Produced at Various Wind Speeds at Typical Wind Farm Site
Figure 3: Energy Produced at Various Wind Speeds at Typical Site
Figure 4: Capacity Factor in % of Rated Power
Figure 5: Aerodynamics of Wind Power
Figure 6: Components in a Simplified Wind Turbine
Figure 7: Airborne Wind Generator
Figure 8: Main Components of a Wind Turbine and their Share of the Overall Turbine Cost for a 5 MW Wind Turbine
Figure 9: Turbine Diameter Growth with Time
Figure 10: Growth in Size of Commercial Wind Turbine Designs
Figure 11: Development of the Average Wind Turbine Size Sold in Different Countries (in KW)
Figure 12: Increase in Turbine Prices from 2012 to 2014
Figure 13: Top 10 Cumulative Capacity as of Dec 2014
Figure 14: Top 10 New Installed Capacity Jan-Dec 2014
Figure 15: Global Annual Installed Wind Capacity 1997-2014
Figure 16: Global Cumulative Installed Wind Capacity 1997-2014
Figure 17: Annual Installed Capacity by Region 2006-2014
Figure 18: Share of New Wind Power Installations in the EU (in MW), 2014
Figure 19: Total Installed Capacity in the European Union (in MW), 2001-2014
Figure 20: Electricity Generating Installations in the EU (in GW), 2000-2014
Figure 21: Annual Offshore Wind Capacity Installations in Europe in 2014 (in MW)
Figure 22: Share of Wind Turbine Manufacturers’ at end of 2014 (in MW)
Figure 23: Components of a Wind Turbine
Figure 24: Global Annual Wind Power Installations (in GW), 2006-2015
Figure 25: Global Turbine Market Size (in USD Billion) & Average Turbine Cost (in USD per kW), 2006-2015
Figure 26: Average Capacity of a Wind Turbine, Offshore and Onshore Turbines (in MW), 2006-2020
Figure 27: Major Players in the Global Turbine Industry & their Market Share (%), 2014
Figure 28: Yearly Variation of Market Shares of Major Wine Turbine Suppliers (%), 2007-2014
Figure 29: Guyed Wind Tower
Figure 30: Guyed Tilt-Up Wind Tower
Figure 31: Freestanding Lattice Wind Tower
Figure 32: Freestanding Tubular Wind Tower
Figure 33: Floating Wind Tower
Figure 34: Size of the Wind Tower Market (in USD Billion), 2006-2020
Figure 35: Cost of the Wind Turbine Towers (in USD per kW), 2006-2020
Figure 36: Revenues & Profitability of Suzlon Energy Limited (in USD Million), 2010-2014
Figure 37: General Layout for a Wind Turbine System
Figure 38: An Offshore Wind Farm
Figure 39: Overall Wind Farm Costs
Figure 40: Total Renewables Cost Envelope vs. Coal, Gas & Nuclear Cost
Figure 41: Combustion Emissions from Electricity Generation 2005-2050
Figure 42: Low Emission Generation Requirements
LIST OF TABLES
Table 1: Four Optional Installation Systems for Offshore Wind Power
Table 2: Global Installed Wind Power Capacity (MW) by Regions, 2013-2014
Table 3: Upcoming Offshore Wind Power Projects in Japan
Table 4: Wind Farms and Turbines Connected to the Grid at end of 2014 in Europe
Table 5: Global Annual Wind Power Installations (in GW), 2006-2015
Table 6: Global Turbine Market Size (in USD Billion) & Average Turbine Cost (in USD per kW), 2006-2015
Table 7: Average Capacity of a Wind Turbine, Offshore and Onshore Turbines (in MW), 2006-2020
Table 8: Yearly Variation of Market Shares of Major Wine Turbine Suppliers (%), 2007-2014
Table 9: Size of the Wind Tower Market (in USD Billion), 2006-2020
Table 10: Cost of the Wind Turbine Towers (in USD per kW), 2006-2020
Table 11: Leading Manufacturers of Wind Turbine Towers
Table 12: Leading Manufacturers of Wind Turbine Towers by Geographic Location
Table 13: Major Turbines Developed by Enercon
Table 14: Key Financials of Suzlon Energy Limited (in USD Million), 2010-2014
Table 1: Four Optional Installation Systems for Offshore Wind Power
Table 2: Global Installed Wind Power Capacity (MW) by Regions, 2013-2014
Table 3: Upcoming Offshore Wind Power Projects in Japan
Table 4: Wind Farms and Turbines Connected to the Grid at end of 2014 in Europe
Table 5: Global Annual Wind Power Installations (in GW), 2006-2015
Table 6: Global Turbine Market Size (in USD Billion) & Average Turbine Cost (in USD per kW), 2006-2015
Table 7: Average Capacity of a Wind Turbine, Offshore and Onshore Turbines (in MW), 2006-2020
Table 8: Yearly Variation of Market Shares of Major Wine Turbine Suppliers (%), 2007-2014
Table 9: Size of the Wind Tower Market (in USD Billion), 2006-2020
Table 10: Cost of the Wind Turbine Towers (in USD per kW), 2006-2020
Table 11: Leading Manufacturers of Wind Turbine Towers
Table 12: Leading Manufacturers of Wind Turbine Towers by Geographic Location
Table 13: Major Turbines Developed by Enercon
Table 14: Key Financials of Suzlon Energy Limited (in USD Million), 2010-2014
