Wind Turbine Tower Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Steel Tower, Concrete Tower, and Hybrid Tower), By Installation (Onshore and Offshore) By Region, Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 33.85 Billion
CAGR (2026-2031)	7.81%
Fastest Growing Segment	Concrete Tower
Largest Market	Asia Pacific
Market Size (2031)	USD 53.15 Billion

Market Overview

The Global Wind Turbine Tower Market will grow from USD 33.85 Billion in 2025 to USD 53.15 Billion by 2031 at a 7.81% CAGR. Wind turbine towers are structural components engineered to support the heavy nacelle and rotor assembly while elevating them to altitudes where wind resources are stronger and more consistent. The market is primarily propelled by the rising global demand for renewable energy and the strict decarbonization mandates enforced by governments to address climate change. Furthermore, substantial financial incentives and tax subsidies provided by various nations are accelerating the deployment of wind energy infrastructure and directly increasing the necessity for these essential support structures.

Despite this expansion, the market encounters a significant impediment regarding the volatility of raw material costs, specifically steel, which accounts for a large portion of manufacturing expenses. This economic instability is often compounded by the logistical difficulties involved in transporting massive tower sections to remote project sites. According to the Global Wind Energy Council, in 2024, the wind industry installed a record 117 GW of new capacity globally, highlighting the immense scale of development that requires a resilient supply chain to maintain progress.

Key Market Drivers

Accelerated expansion of offshore wind energy projects is fundamentally reshaping the global wind turbine tower market, necessitating the production of massive, corrosion-resistant structures capable of withstanding harsh marine environments. This sector demands specialized engineering for larger foundations, such as monopiles and jackets, which command higher premiums than standard onshore towers. The momentum in this segment is substantial; according to the Global Wind Energy Council, June 2024, the offshore wind industry added 10.8 GW of new capacity globally in 2023, marking the second-best year in its history. This surge forces manufacturers to upgrade production facilities to handle heavier steel plates and larger diameters, ensuring the supply chain aligns with the aggressive deployment targets set by coastal nations.

Simultaneously, a technological shift toward taller and larger diameter towers is driving market value, as developers seek to harness stronger wind shears available at higher altitudes. This evolution requires advanced modular designs to overcome the logistical constraints of transporting immense tower sections to remote sites. The trend toward vertical scaling is evident in recent infrastructure specifications. According to the U.S. Department of Energy, August 2024, the average hub height for utility-scale land-based wind turbines in the United States reached nearly 103.4 meters in 2023, an 83% increase over the last two decades. To sustain this capital-intensive evolution, financial flows into the sector have intensified. According to the International Energy Agency, in 2024, global investment in wind generation rose to a record USD 180 billion in the previous year, underscoring the financial commitment driving these structural advancements.

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Key Market Challenges

The volatility of raw material costs, specifically steel, creates a substantial barrier to the stability and expansion of the Global Wind Turbine Tower Market. Since steel comprises the vast majority of a tower's structural mass, unpredictable price fluctuations directly impact manufacturing expenses and project budgeting. When steel prices spike, manufacturers face immediate margin compression that cannot always be passed on to developers under existing fixed-price contracts. This financial unpredictability forces market players to delay procurement decisions and hinders the ability to secure long-term supply agreements, ultimately slowing the pace of infrastructure deployment.

These economic pressures are compounded by the logistical complexity of transporting increasingly massive tower sections to remote locations. The industry's push for efficiency has led to physically larger structures, which exacerbates both material consumption and transport difficulties. According to the Global Wind Energy Council, in 2024, the global average rated capacity of newly installed wind turbines reached almost 5,500 kW, representing a 9 percent increase compared to the previous year. This trend toward larger turbines necessitates heavier, taller towers, thereby intensifying the logistical bottlenecks and steel volume requirements that currently hamper market growth.

Key Market Trends

The focus on strategic repowering of aging wind assets is emerging as a critical market trend, particularly in mature regions where prime wind sites are already occupied. As the first generation of wind farms reaches the end of its operational life, developers are prioritizing the replacement of obsolete, smaller towers with larger, more efficient structures to maximize energy yield without expanding the land footprint. This shift allows for the integration of modern, high-capacity turbines into existing grid infrastructure while maintaining established permits. According to WindEurope, February 2025, in the 'Wind energy in Europe: 2024 Statistics and the outlook for 2025-2030' report, Europe repowered 1.6 GW of wind capacity in 2024, underscoring the sector's pivot toward modernizing legacy infrastructure.

Simultaneously, the emergence of sustainable laminated timber tower concepts is challenging the traditional dominance of steel in an effort to decarbonize the supply chain and reduce material costs. Engineered wood provides a modular solution that addresses the logistical constraints of transporting ultra-tall tower sections while significantly lowering the carbon footprint of manufacturing. This material innovation also mitigates the financial risks associated with volatile steel prices by utilizing renewable resources. According to IEEE Spectrum, March 2025, in the article 'Modvion Builds Wind Turbine Towers from Engineered Wood', Swedish company Modvion received design certification for a 119-meter wooden tower capable of supporting a 6.4-megawatt turbine, marking a crucial milestone for the commercial adoption of non-metallic structural materials.

Segmental Insights

The Concrete Tower segment is recognized as the fastest-growing category in the Global Wind Turbine Tower Market. This rapid expansion is primarily fueled by the demand for taller wind turbines capable of capturing stronger wind resources at higher altitudes. Traditional steel towers face severe logistical challenges when transporting large-diameter sections via public roads. In contrast, concrete towers resolve these issues through the on-site assembly of pre-cast segments, effectively bypassing transportation size limits. Consequently, major energy developers are increasingly selecting concrete structures to support heavy, high-capacity turbines, ensuring both structural integrity and logistical efficiency for large-scale renewable projects.

Regional Insights

Asia Pacific holds the leading position in the Global Wind Turbine Tower Market, driven by extensive capacity additions in China and India. The region benefits from established manufacturing supply chains that support the rapid deployment of both onshore and offshore structures. Insights from the Global Wind Energy Council indicate that consistent government mandates for renewable energy integration have significantly accelerated project development across these economies. Consequently, the availability of cost-effective local production capabilities combined with strong regulatory support ensures the region remains the central hub for market activity.

Recent Developments

• In June 2024, GRI Renewable Industries, in collaboration with the Industrial Development Agency JSC, celebrated the laying of the foundation stone for a new offshore wind tower factory in Gdansk, Poland. The facility, operating under the entity Baltic Towers, is designed to manufacture over 150 offshore towers annually to support the growing renewable energy market. Located with direct access to the quay, the plant will feature advanced manufacturing capabilities to produce large-scale components for wind farms in the Baltic Sea and beyond. This investment highlights the company's commitment to expanding its industrial footprint and strengthening the European offshore wind supply chain.
• In March 2024, Modvion officially inaugurated the world's tallest wooden wind turbine tower at a site near Skara, Sweden. The 105-meter tall structure, constructed from laminated veneer lumber, supports a 2-megawatt turbine and represents a significant breakthrough in sustainable manufacturing. This innovative design offers a modular solution that is lighter and easier to transport than traditional steel towers, effectively addressing logistical challenges. The wooden material functions as a carbon sink, storing carbon dioxide and substantially lowering emissions during production. This commercial launch demonstrates the viability of wood as a competitive material for the global wind turbine tower market.
• In March 2024, CS Wind successfully completed the expansion of its offshore wind tower production facility in Vietnam. The significant upgrade, which commenced in April 2023, increased the factory's annual production capacity to approximately 360,000 tons of onshore and offshore towers. The facility is now equipped to manufacture larger tower sections with diameters of up to 10 meters, catering to the rising global demand for offshore wind infrastructure. This strategic development reinforces the company's leadership in the manufacturing supply chain and ensures it can support large-scale wind farm projects across Europe, Asia, and the United States with advanced tower solutions.
• In January 2024, Vestas established a strategic partnership with ArcelorMittal to launch a low-emission steel offering specifically for wind turbine towers. This collaboration involves utilizing steel produced from 100% scrap material in an electric arc furnace powered entirely by wind energy. The initiative aims to reduce carbon dioxide emissions by approximately 66% per kilogram of steel compared to conventional production methods. The first deployment of these sustainable towers is scheduled for the Baltic Power Offshore Wind Project in Poland. This development highlights the industry's focus on decarbonizing the supply chain and enhancing the sustainability of renewable energy infrastructure.

Key Market Players

• Arcosa Inc.
• Bergey Wind Power Co.
• Clipper Windpower Plc.
• XzeresWind Corp.
• Trinity Structural Towers Inc.
• Broadwind Energy Inc
• Bouygues Construction SA
• Valmont Industries Inc.

By Type	By Installation	By Region
Steel Tower Concrete Tower Hybrid Tower	Onshore and Offshore	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Wind Turbine Tower Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Wind Turbine Tower Market, By Type:

• Steel Tower
• Concrete Tower
• Hybrid Tower

• Wind Turbine Tower Market, By Installation:

• Onshore and Offshore

• Wind Turbine Tower Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE