Global Wind Turbine Tower Market to Reach $53 Billion by 2030, Driven by Asia-Pacific Demand and Offshore Projects
• Global wind turbine towers market to reach $53.1 billion by 2030, growing at a 6.4% CAGR over 2023-2030 • Tubular steel towers lead the global wind turbine towers market; concrete towers poised for 6.1% CAGR growth • Asia-Pacific and China to drive future growth, with China forecast to reach $10.2 billion market size by 2030 • Sustained increase in wind energy capacity and focus on offshore wind projects fuel demand for wind turbine towers • Falling cost of wind energy drives investments and demand for taller turbine towers; novel materials and 3D printing emerging