Wind Tower Market Report 2025 (Global Edition)

Global Wind Tower Market Report 2025 Market Size Split by Type (Steel Tower, Concrete Tower, Hybrid Tower), by Installation (Offshore, Onshore)

Wind Tower Market Report Description

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Wind Tower Market Insights Video

Competitive Landscape of the Wind Tower Market

The wind tower market is highly competitive with established players and emerging companies competing for market share in the growing renewable energy sector. The companies have innovated, producing taller and more efficient towers that capture wind energy better. The other regional players are emerging in the market, mainly North America, Asia-Pacific and Europe, which grow on government policies and incentives for renewable energy. The manufacturers and energy developers often collaborate and partner in their efforts to enhance the feasibility of projects and minimize costs.

In September 2022, Broadwind Inc. stated that it had received an order for a new tower worth USD 38 million from a top global wind turbine manufacturer. This was the largest tower order in over three years, as demand for new wind turbines increased following the recent enactment of the Inflation Reduction Act (IRA). (Source: https://renewablesnow.com/news/broadwind-wins-usd-38m-wind-tower-order-as-ira-spurs-demand-798557/) In July 2021, The Nordex Group has won orders for two wind farms in Italy, totaling 54.9 MW, utilizing Delta4000 turbines. The organization will provide six N133/4.8 turbines for a 28.8 MW wind farm and five N149/5.X turbines for a 26.1 MW project. The agreement also includes a premium service contract for the turbines for the first two years, with multiple options for extensions up to ten years. (Source: https://www.nordex-online.com/en/2021/07/nordex-group-receives-orders-for-55-mw-from-italy/) In March 2023, Arcosa, Inc., a Dallas-based maker of infrastructure items, announced that its subsidiary, Arcosa Wind Towers, Inc., intends to establish a wind-tower manufacturing facility in Belen, New Mexico. The company picked New Mexico because of its strong partnerships and competitive incentives. It intends to invest USD 55 to 60 billion to buy the property, modify the current facility, and purchase equipment. The state has agreed to provide USD 4.0 billion from its Local Economic Development Act (LEDA) job-creation fund to support the expansion. (Source: https://ir.arcosa.com/news-events/press-releases/news-details/2023/Arcosa-Inc.-Announces-750-Million-of-Additional-Wind-Tower-Orders-and-Plans-for-New-Facility-in-New-Mexico/default.aspx)

Top Companies Market Share in Wind Tower Industry: (In no particular order of Rank)

• Suzlon Group
• Nordex Group
• Broadwind
• Ventower Industries LLC
• Arcosa Inc.
• Windar Renovables
• Shanghai Taisheng Wind Power Equipment Co.
• Ltd
• Dongkuk s&c
• KGW Schweriner Maschinen- und Anlagenbau GmbH
• C.S. Wind Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Wind Tower Market

Which Region Dominates the Wind Tower Market in 2024?

According to Cognitive Market Research, North America currently dominates the Wind Towers market, and the region is expected to have significant growth during the projected period. Along with the widespread use of wind energy, the region is home to several well-known tower manufacturers. The growing emphasis on boosting renewable reliance increases market share in North America

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region is a leader in onshore wind installations. Major countries like China, India, and Australia are experiencing increased energy demand as a result of fast industrialization and urbanization. China leads the market due to the increasing use of renewable energy

The current report Scope analyzes Wind Tower Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Wind Tower Market Analysis

According to Cognitive Market Research, the global Wind Tower market size was estimated at USD 27154.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 10861.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031

• According to Cognitive Market Research, the US had a major share in the Wind Tower market with a market size of USD 8569.96 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. The U.S. market's strong government policies.
• The Canada Wind Tower market had a market share of USD 1303.42 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Canada’s growing investments in renewable energy
• The Mexico Wind Tower market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 988.42 million in 2024.

Europe Wind Tower Market Analysis

According to Cognitive Market Research, the global Wind Tower market size was estimated at USD 27154.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 8146.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.

• The United Kingdom Wind Tower market had a market share of USD 1368.59 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. In the UK, Wind Tower sales witness an upswing due to combination of government support
• The France Wind Tower market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 749.46 million in 2024.
• According to Cognitive Market Research, the German Wind Tower market size was valued at USD 1612.98 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. In Germany, Wind Tower surged due to the increasing public awareness of climate change
• The Italy Wind Tower market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 700.59 million in 2024.
• The Russia Wind Tower market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 1262.68 million in 2024.
• The Spain Wind Tower market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 668.00 million in 2024
• The Luxembourg Wind Tower market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 252.54 million in 2024.
• The Portugal Wind Tower market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 171.07 million in 2024.
• The Greece Wind Tower market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 97.76 million in 2024.
• The Rest of Europe's Wind Tower market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 1262.68 million in 2024.

Asia Pacific Wind Tower Market Analysis

According to Cognitive Market Research, the global Wind Tower market size was estimated at USD 27154.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 6245.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Wind Tower market size was valued at USD 2810.49 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. Wind Tower surged in China due to technological advancements.
• The Japan Wind Tower market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 861.88 million in 2024.
• The India Wind Tower market had a market share of USD 749.46 million in 2024 and is projected to grow at a CAGR of 13.6% during the forecast period. India's strong government policies.
• The South Korean Wind Tower market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 624.55 million in 2024.
• The Australian Wind Tower market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 324.77 million in 2024.
• The South East Asia Wind Tower market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 430.94 million in 2024.
• The Rest of Asia Pacific Wind Tower market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 443.43 million in 2024.

South America Wind Tower Market Analysis

According to Cognitive Market Research, the global Wind Tower market size was estimated at USD 27154.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1357.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Wind Tower market size was valued at USD 581.11 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. Wind Towers flourished in Brazil due to growing demand for clean energy
• Argentina's Wind Tower market had a market share of USD 228.10 million in 2024 and is projected to grow at a CAGR of 10.1% during the forecast period. Argentina's rising personal disposable income .
• Colombia Wind Tower market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 120.84 million in 2024.
• Peru Wind Tower market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 111.33 million in 2024.
• Chile Wind Tower market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 97.76 million in 2024.
• The Rest of Latin America's Wind Tower market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 218.59 million in 2024.

Middle East Wind Tower Market Analysis

According to Cognitive Market Research, the global Wind Tower market size was estimated at USD 27154.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 543.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031..

• The GCC Countries Wind Tower market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 232.44 million in 2024. Wind Tower sales flourish due to the presence of major market players.
• The Egypt Wind Tower market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 57.02 million in 2024.
• The South Africa Wind Tower market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 85.81 million in 2024. Wind Tower sales flourished in South Africa due to increasing public awareness of climate change..
• The Turkey Wind Tower market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 46.71 million in 2024.
• The Nigeria Wind Tower market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 57.02 million in 2024.
• The Rest of the MEA Wind Tower market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 64.08 million in 2024.

Wind Tower Market Analysis

Wind Tower Market Type Segment Analysis

According to Cognitive Market Research, the concrete tower category dominated the market in 2024 because to a variety of advantages, including lower project costs and adaptability. The market has a good understanding of this item. Towers can account for up to 20% of a wind turbine's total cost, and the usage of concrete towers helps to minimize the overall cost of a wind farm. These towers are strong, inexpensive, and the materials required to create them are readily available locally

The hybrid tower category is predicted to grow greatly in the next years because to the growing popularity of composite materials. These materials can combine the benefits of two materials. Additionally, these towers are less in weight

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wind Tower Industry. Request a Free Sample PDF!

Wind Tower Market Installation Segment Analysis

According to Cognitive Market Research, in 2024, the onshore sector dominated the market. In comparison to other sectors, the onshore segment has lower carbon emissions and a more cost-effective structure. In 2024, more than 72 GW of new onshore wind generating plants were installed around the world

Because of the high focus on installation of onshore wind, the offshore segment is expected to grow rapidly. The installation cost of an offshore wind farm is much higher than an onshore wind farm. The rise of floating offshore wind is another important factor driving growth in the offshore category.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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