Tubular Steel Wind Tower Market Size, Share, Growth, and Industry Analysis, By Type (Up To 2MW, 2.0-4.0MW, 4.0-6.0MW and Above 6.0MW), By Application (Onshore and Offshore) and Regional Forecast to 2032

Updated On: 29 April 2024

TUBULAR STEEL WIND TOWER MARKET REPORT OVERVIEW

The global tubular steel wind tower market size was USD 6292.8 million in 2019 and the market is projected to touch 15673.6 million by 2032, exhibiting a CAGR of 7.3% during the forecast period.

A tubular steel wind tower is a vital component of a wind turbine system, serving as the supportive structure that elevates the turbine blades to harness wind energy efficiently. These towers are typically constructed from cylindrical steel sections, designed to withstand the substantial forces exerted by wind on the turbine blades. The tubular design offers strength and durability while also minimizing material usage, making it a cost-effective choice for wind energy projects.

The construction of a tubular steel wind tower involves precise engineering to ensure stability and reliability. The tower sections are manufactured in segments, which are then transported to the wind farm site for assembly. During assembly, the sections are bolted or welded together to form a tall, slender structure capable of supporting the weight of the turbine nacelle and blades at considerable heights above the ground. Additionally, tubular steel wind towers can be designed with various diameters and wall thicknesses to accommodate different turbine sizes and environmental conditions, further enhancing their versatility and suitability for a wide range of wind energy applications.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering; with the tubular steel win tower market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic significantly disrupted global supply chains, affecting the production and transportation of raw materials required for manufacturing tubular steel wind towers. Delays in material delivery and shortages of components hindered the production capacity of wind tower manufacturers. Lockdown measures and restrictions on movement imposed during the pandemic led to delays in wind farm development projects. Uncertainty surrounding future market conditions and economic instability prompted some developers to postpone or cancel their projects, impacting the demand for tubular steel wind towers.

Amid the pandemic, there was a shift in government priorities towards addressing immediate healthcare and economic challenges, diverting attention and resources away from renewable energy initiatives. This shift in focus could have slowed down policy support and incentives for wind energy projects, impacting the demand for tubular steel wind towers. The market is anticipated to boost the tubular steel wind tower market growth following the pandemic.

LATEST TRENDS

"Increasing Demand for Offshore Wind Farms to Drive Market Growth"

There has been a growing trend towards the development of offshore wind farms, particularly in regions with abundant offshore wind resources. Tubular steel wind towers designed for offshore applications need to meet specific requirements for durability, corrosion resistance, and stability in marine environments. Innovations in tubular steel wind tower design have focused on improving efficiency, reducing costs, and optimizing performance. This includes the development of taller towers to access stronger and more consistent wind resources, as well as the use of advanced materials and manufacturing techniques to enhance structural integrity and reliability. These latest developments are anticipated to boost the tubular steel wind tower market share.

TUBULAR STEEL WIND TOWER MARKET SEGMENTATION

• By Type

Based on type the global market can be categorized into Up To 2MW, 2.0-4.0MW, 4.0-6.0MW and Above 6.0MW. 

Up to 2MW: Tubular steel wind towers designed for wind turbines with a capacity of up to 2 megawatts (MW) are typically smaller in size and height compared to towers designed for larger turbines. These towers are commonly used in onshore wind energy projects and are suitable for applications in areas with moderate wind conditions. They are designed to efficiently support smaller turbines while optimizing energy production.

2.0-4.0MW: Tubular steel wind towers in the 2.0-4.0MW capacity range are designed to support medium-sized wind turbines with capacities ranging from 2 to 4 megawatts. These towers are versatile and commonly used in both onshore and offshore wind energy projects. They are engineered to withstand higher wind loads and accommodate larger turbine sizes, making them suitable for a wide range of wind conditions and project requirements.

4.0-6.0MW: Tubular steel wind towers for wind turbines with capacities in the 4.0-6.0MW range are larger and taller structures designed to support high-capacity turbines. These towers are commonly used in both onshore and offshore wind farms and are engineered to withstand extreme wind conditions while maximizing energy output. They feature advanced design and construction techniques to ensure structural integrity and stability at elevated hub heights.

Above 6.0MW: Tubular steel wind towers for wind turbines with capacities above 6.0MW are designed to support the largest and most powerful turbines available in the market. These towers are typically used in offshore wind energy projects, where wind resources are abundant, and larger turbines can be deployed to maximize energy production. They are engineered to withstand harsh marine environments and are constructed with advanced materials and design features to ensure durability and reliability over their operational lifespan.

• By Application

Based on application the global market can be categorized into Onshore and Offshore.

Onshore: Onshore tubular steel wind towers are installed on land, typically in locations with suitable wind resources and sufficient land availability. These towers support wind turbines that generate electricity from wind energy captured on land. Onshore wind farms are commonly developed in rural or remote areas, as well as in proximity to urban centers or industrial zones. Tubular steel wind towers used in onshore applications are designed to withstand various wind conditions and terrain characteristics commonly found on land.

Offshore: Offshore tubular steel wind towers are installed in bodies of water, such as seas or oceans, to harness wind energy from offshore wind resources. These towers are designed to withstand harsh marine environments, including saltwater exposure, high winds, and corrosive conditions. Offshore wind farms are typically located in coastal or offshore areas where wind resources are abundant and consistent, and land-based development may be limited.

DRIVING FACTORS

"Increasing Wind Energy Capacity to Boost the Market"

The global shift towards renewable energy sources, driven by concerns over climate change and the need to reduce greenhouse gas emissions, has led to a significant increase in wind energy capacity. This rising demand for wind power generation drives the need for tubular steel wind towers, which are essential components of wind turbine systems. The growth of wind energy markets in both established and emerging regions worldwide creates opportunities for tubular steel wind tower manufacturers. Increasing investment in wind energy projects, particularly in regions with abundant wind resources and supportive regulatory frameworks, drives the demand for tubular steel wind towers.

"Government Support & Policies to Expand the Market"

Supportive government policies and incentives, such as renewable energy targets, feed-in tariffs, tax credits, and subsidies, play a crucial role in driving investment in wind energy projects. These policies create a favorable market environment for the development of wind farms and, consequently, the demand for tubular steel wind towers. Heightened awareness of environmental issues and the need for sustainable energy solutions propel the growth of the wind energy industry. Tubular steel wind towers, being a component of renewable energy infrastructure, contribute to reducing carbon emissions and mitigating environmental impacts associated with fossil fuel-based power generation. These factors are anticipated to drive the tubular steel wind tower market share.

RESTRAINING FACTOR

Supply Chain Disruptions and Material Costs to Potentially Impede Market Growth

The initial capital investment required for establishing manufacturing facilities for tubular steel wind towers can be substantial. This includes the costs associated with equipment, technology, infrastructure, and skilled labor. High upfront investment costs may deter new entrants from entering the market or expanding existing operations, limiting market competition and growth. The tubular steel wind tower market is susceptible to supply chain disruptions and fluctuations in material costs. Variations in the prices of steel, which is a primary material used in tower manufacturing, can impact production costs and profitability for manufacturers. Additionally, disruptions in the supply chain, such as shortages of raw materials or transportation bottlenecks, can lead to delays in manufacturing and project execution. The factors are anticipated to hinder the growth of the tubular steel wind tower market growth.

TUBULAR STEEL WIND TOWER MARKET REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Europe is Dominating the Market with Strong Wind Resource and Manufacturing Base"

Many European countries have favorable wind resources, particularly in coastal areas and offshore locations. These favorable wind conditions make wind energy an attractive option for electricity generation, driving the demand for wind turbines and tubular steel wind towers in the region. The European region has a strong manufacturing base for wind energy equipment, including tubular steel wind towers. Several European countries, such as Germany, Spain, Denmark, and the Netherlands, are home to leading wind turbine manufacturers and suppliers of wind energy components, including steel towers. This manufacturing expertise and infrastructure contribute to Europe's dominance in the tubular steel wind tower market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Arcosa Wind Towers [U.S.]

• Titan Wind Energy [China]

• MARMEN [Canada]

• CNBM International Wind Power [China]

• Valmont [U.S.]

INDUSTRIAL DEVELOPMENT

January 2022: The "X-LAMINATE" tubular steel wind tower is an innovative product developed by EEW Group (Europe) GmbH, a leading manufacturer of steel structures for various industries, including renewable energy. This product represents a significant advancement in tubular steel wind tower design and construction techniques. The "X-LAMINATE" design incorporates advanced lamination technology, which involves the layering of steel plates to form the tower structure. This innovative approach enhances the tower's structural integrity and load-bearing capacity while reducing material usage and overall weight. The use of high-quality steel and advanced manufacturing processes ensures the "X-LAMINATE" tubular steel wind tower's durability and reliability in harsh environmental conditions. The tower is engineered to withstand extreme wind loads, corrosion, and fatigue, providing long-term performance and operational efficiency

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.