About Wind-Tower
The importance of energy and energy conservation is well understood in recent times. Wind turbines can reduce the amount of electricity used to provide thermal comfort during the warm months of the year, particularly during peak hours. In this paper, we propose a new wind tower design. The proposed wind towers are installed on top of buildings in the direction of the region's maximum wind speed. Additional wind towers can be installed in various positions if the desired wind speed is accessible from multiple directions. The proposed wind tower can also rotate and align itself with the maximum wind speed. To improve system efficiency in low-wind areas, a solar chimney or a one-sided wind tower can be installed in another part of the building facing the opposite direction. The proposed wind towers' use of transparent materials improves the use of natural light inside the building. Wind towers have the major advantage of being passive systems that require no energy to operate. Wind turbines also reduce electrical energy consumption and pollution.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for wind Tower is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Wind-Tower market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Suzlon Energy Limited (India), Enercon GmbH (Germany), CS Wind Corporation (South Korea), General Electric (United States), Siemens AG (Germany), Trinity Structural Towers Inc. (United States), Vestas Wind Systems A/S (Denmark), Valmont Industries Inc. (United States), Ambau (Germany), Broadwind Energy (United States) and Dajin Heavy Industry (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are DONGKUK S&C (South Korea), BRAUN Windturbinen GmbH (Germany) and Sunforce Products Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Wind-Tower market by Type (One-Sided Wind Towers, Two-Sided Wind Towers, Four, Six, Eight-Sided Wind Towers and Cylindrical Wind Towers), Application (On Shore and Off Shore) and Region.
On the basis of geography, the market of Wind-Tower has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design, the sub-segment i.e. Unidirectional will boost the Wind-Tower market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness of Renewable Energy Sources over the Globe and Increasing Consumption of Wind-Tower in the Power Generation Industry
Market Growth Drivers:
Demand for the Less Environment Impacting Wind Power for Various Applications and Increasing Demand for the Durable, Faster Construction &Installation Material Usage in Wind Tower
Challenges:
High-Cost Investment in the Reinforced Material for Wind Tower
Restraints:
Concerns Related to the Noise and Aesthetic Pollution caused by the Wind Tower and Less Awareness in Some Regions
Opportunities:
Rising Number of Projects for the Construction of Reinforced Concrete Wind Tower for Better Energy Efficiency and Government Favorable Incentives For Wind Tower Project
On 18 May 2021, GE Renewable Energy yesterday announced the 3 megawatt (MW) Sierra, its newest onshore wind turbine platform that will only be sold in North America. The 3.0–3.4 MW turbine features a larger 140-meter rotor “to unlock value at lower wind speeds” and is offered with a variety of hub heights, including a greater-than-500-foot option. A wind turbine’s hub height is the distance from the ground to the middle of the turbine’s rotor.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.