Irving, TX (PRWEB) June 14, 2012
The wind tower market experienced robust growth during the last five years and is expected to continue its growth momentum, reaching approximately US $21.6 billion in 2017 with a CAGR of 10.3% over the next five years (2012-2017).Asia is estimated to have the highest number of wind tower installations in 2017, and in terms of value Europe will lead the global wind tower market because of higher prices.
Lucintel, a leading global management consulting and market research firm, has analyzed the wind tower market and presents its findings in“Growth Opportunities in Global Wind Tower Market 2012‒2017: Trends, Forecast and Opportunity Analysis.”
The business of generating electricity from wind is set to expand as China, the US, and ROWseek cleaner, more sustainable ways to create electricity. Although wind is more expensive than conventional energy sources, wind turbines have evolved rapidly, and decades of research and development have resulted in lower wind energy prices, making wind energy competitive with fossil-based fuel energy prices.
Lucintel’s research indicates thatalthough the tower manufactures are deprived of the benefits of international markets due to transportation problems, the booming wind industry is expected to offset negativity and present immense opportunities for existing as well as new tower manufacturers in this market.In the next five years, the wind tower market is estimated to depict double-digit growth rate, driven by wind turbine market. China will be one of the leading countries in wind energy installations.
The report, which provides trend scenarios for 2006-2011and forecast statistics for 2012–2017, includes a brief explanation of materials used to manufacture towers, highlights wind towers based on turbine categories bysizes, andprofiles major tower manufacturers and companies market shares. This report splits the windtower market into in-house tower sourcing or out-sourcing of towers by major wind turbine manufacturers, which provides insights to industry players regarding the tower market and its future needs. The report also describes new opportunities and emerging trends in the global wind towers market and more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.