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Wind Turbine Towers Market to Grow, thanks to Rising Requirement for Environment Security Encouraging Investments in Wind Energy

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Published on : Nov 04, 2016

ALBANY, NY, Nov 04, 2016: This report presents a thorough understanding of the global wind turbine towers market with highlights on the prime dynamics influencing the growth of the market. Porter’s five forces model has also been employed in order to present information on the competition present in this market. The study also throws light on the types of wind turbine towers, site considerations, and turbine heights. 

The first section of the study encapsulates an introduction of the wind turbine tower market. Under this section, the key types of wind turbine towers have been named. These include hybrid towers, concrete towers, and tubular steel towers. The key wind tower cost components present in the global wind turbine towers market are aerodynamic and structural factors, logistic cost, raw materials’ cost, and tower height. A wind tower is a key component in any of the wind turbine system. Therefore, the development of wind-tower market is highly proportionate to the development of the wind-power industry. 

The report then provides a review on the key factors providing impetus to the growth of the global wind turbine towers market. The increasing demand for power and the supportive policies giving rise to robust development in wind power globally are amongst the prime factors working in favor of the global wind turbine towers market. In addition, the low cost of raw materials will stimulate market growth to a great extent. Furthermore, the rising requirement for environment security encourages investments in wind energy, thus boosting market development.

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Contrariwise, the report states that the supply-chain bottlenecks and the absence of ample grid infrastructure are the primary factors that may work against the growth of the global wind turbine towers market. In addition, the increasing oppositions faced by the wind turbine market may also pose a challenge on the development of this market. 

In the following part of this study, the growth of this market has been studied in regions such as Europe, the Americas, Asia Pacific, and the Middle East and Africa. Information has also been presented on the average cost of wind turbine towers and the total count of wind turbine towers installed yearly in nations such as South Africa, China, India, France, Canada, the UK, Germany, Brazil, the U.S., and Mexico.

The competitive landscape section of this report includes an analysis on the primary vendors operating in the market and their key product introductions. This section also aids in the identification of chief business-development avenues in the global wind turbine towers market. The strengths and weaknesses of the key vendors have also been reviewed under the competitive landscape section of this study.

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