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China Steel Wind Tower Market
ID: MRFR/Equip/54459-HCR
200 Pages
June 2025
China Steel Wind Tower Market Research Report: By Application (Onshore Wind Energy, Offshore Wind Energy, Hybrid Energy Solutions), By Tower Type (Lattice Tower, Monopole Tower, Hybrid Tower), By Height Range (Below 100 Meters, 100-150 Meters, Above 150 Meters) andBy Manufacturing Process (Hot Rolled Steel, Cold Rolled Steel, Welded Steel)- Forecast to 2035
Industry Developments
Recent developments in the China Steel Wind Tower Market show robust growth and investment, with significant contributions from key players like Goldwind and Dongfang Electric Corporation. In September 2023, Sinovel Wind Group launched an advanced steel wind tower model aimed at increasing efficiency in wind turbine installations. Meanwhile, China Ming Yang Wind Power Group Limited partnered with Vestas Wind Systems to enhance turbine technology, a move expected to yield improved performance metrics. The market valuation for these companies has shown a substantial increase, influenced by government initiatives to promote renewable energy and reduce carbon emissions, underscoring China's commitment to achieving its 2060 carbon neutrality goal. In terms of mergers and acquisitions, the recent acquisition of a stake in a wind energy project by China National Offshore Oil Corporation in August 2023 reflects a strategic push into the renewable sector. Additionally, the collaboration between China Three Gorges Corporation and Siemens Gamesa earlier this year aimed at developing offshore wind projects marks a pivotal trend toward integrated renewable energy solutions. This evolving landscape is a direct response to the growing demand for clean energy sources in China and aligns with global energy transition goals.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 1.25(USD Billion) |
| MARKET SIZE 2024 | 1.5(USD Billion) |
| MARKET SIZE 2035 | 2.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.753% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Goldwind, Dongfang Electric Corporation, Sinovel Wind Group, China Ming Yang Wind Power Group Limited, ShiHua Energy Technology, Vestas Wind Systems, China Shipbuilding Industry Corporation, Nordex, Envision Energy, Suzlon Energy, General Electric, China National Offshore Oil Corporation, China Three Gorges Corporation, Siemens Gamesa, China National Building Material Group |
| SEGMENTS COVERED | Application, Tower Type, Height Range, Manufacturing Process |
| KEY MARKET OPPORTUNITIES | Growing renewable energy investments, Government subsidies and incentives, Expansion of offshore wind farms, Rising demand for localized production, Technological advancements in manufacturing |
| KEY MARKET DYNAMICS | growing renewable energy demand, government policy support, technological advancements, competition and pricing pressures, supply chain challenges |
| COUNTRIES COVERED | China |
FAQs
What is the expected market size of the China Steel Wind Tower Market in 2024?
The China Steel Wind Tower Market is expected to be valued at 1.5 USD billion in 2024.
What will be the market size of the China Steel Wind Tower Market by 2035?
By 2035, the overall market is projected to reach a value of 2.5 USD billion.
What is the expected compound annual growth rate (CAGR) for the China Steel Wind Tower Market from 2025 to 2035?
The expected CAGR for the market during this period is 4.753%.
Which application segment holds the largest market share within the China Steel Wind Tower Market in 2024?
In 2024, the Onshore Wind Energy application segment is valued at 0.75 USD billion, making it the largest segment.
What is the projected market size for the Offshore Wind Energy application by 2035?
By 2035, the Offshore Wind Energy application segment is expected to reach a value of 0.85 USD billion.
Who are the key players in the China Steel Wind Tower Market?
Major players include Goldwind, Dongfang Electric Corporation, and Vestas Wind Systems among others.
What is the expected market size for Hybrid Energy Solutions in 2024?
The Hybrid Energy Solutions segment is anticipated to be valued at 0.25 USD billion in 2024.
What are the growth drivers for the China Steel Wind Tower Market?
The growth drivers include the increasing demand for renewable energy and advancements in wind energy technology.
What is the projected value for the Onshore Wind Energy segment by 2035?
The Onshore Wind Energy segment is forecasted to grow to 1.25 USD billion by 2035.
How does the global scenario impact the China Steel Wind Tower Market?
Current global developments continue to drive investments and innovations in the renewable energy sector, affecting the market positively.
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