The global onshore turbine towers market is witnessing robust growth, driven by increasing adoption of renewable energy and technological advancements in tower designs. The market was valued at USD 15,500 Million in 2025 and is projected to reach USD 32,800 Million by 2035, registering a CAGR of 6.85% from 2024 to 2035. Increasing government support and investments in green energy infrastructure are fueling global expansion and adaptation of onshore wind projects.
The economic impact of tariffs on "Global Onshore Turbine Towers".
Global Onshore Turbine Towers Market Growth Drivers
Rapid expansion of renewable energy portfolios by nations such as the US and China is creating strong demand for onshore wind installations. For example, in 2024, Siemens Gamesa secured a major contract for over 400 MW of new onshore wind projects across the US, spurring increased demand for advanced turbine towers with improved height and logistics. These projects are supported by government incentives like tax credits and emissions targets, driving large-scale adoption of onshore wind power.
Ongoing advancements in tower design and materials—such as tubular steel, hybrid, and modular towers—are reducing installation costs while enhancing performance. Nordex Group, for instance, unveiled its 2024 hybrid tower in partnership with LafargeHolcim, resulting in lighter, taller, and more stable structures. This innovation is enabling deployment in low-wind-speed regions, further accelerating market growth.
Global Onshore Turbine Towers Market Trends
A clear trend is the adoption of taller towers, often exceeding 120 meters, to capture higher wind speeds and expand onshore wind's geographic reach. Vestas has led this trend, recently launching its EnVentus platform with customizable tower heights to maximize energy output even in complex terrain. This move is reflective of broader industry efforts to optimize capacity factors by harnessing stronger, more consistent winds at higher elevations.
Localization of tower production is rising, with companies like GE Renewable Energy establishing regional manufacturing hubs. For example, in early 2024, GE opened a new tower facility in Vietnam to serve Asian markets, reducing lead times and costs while adapting towers to local requirements. This trend enhances supply chain resilience and encourages local employment, further supporting market expansion.
Global Onshore Turbine Towers Market Opportunity
Emerging markets in Latin America and Southeast Asia offer significant growth opportunities as governments invest heavily in wind energy infrastructure. For instance, Envision Energy recently announced plans to build new wind farms and localized tower production units in Brazil by 2025, taking advantage of vast wind resources and favorable policies.
Repowering of aging wind farms, especially in Europe and North America, opens additional prospects. Siemens Gamesa and Nordex are developing replacement tower solutions that increase energy yield with minimal site modification, addressing the need for modernized infrastructure in mature markets.
Global Onshore Turbine Towers Market Revenue (USD Million), 2020-2035
The revenue chart for the Global Onshore Turbine Towers Market from 2020 to 2035 highlights a steady upward trajectory. Beginning at approximately USD 8,900 Million in 2020, the market demonstrates growth through 2025 (USD 15,500 Million) and accelerates further to an estimated USD 32,800 Million by 2035. Growth is bolstered by continued governmental support, technological innovation, and new installations in emerging regions. Significant inflection points are observed post-2025, attributed to large-scale projects and modernization efforts. This revenue trend reflects increasing demand for efficient, taller, and cost-effective turbine towers driven by global climate goals.
Global Onshore Turbine Towers Market by Regions Share (%), 2025
The pie chart for 2025 regional market share demonstrates Asia-Pacific as the leading region at 36%, followed by Europe at 27% and North America at 22%. Latin America and Middle East & Africa account for 10% and 5%, respectively. Strong government mandates and wind resource potential drive Asia-Pacific's dominance, while Europe benefits from repowering projects. North America's share is propelled by continued investment in the US and Canada. Emerging regions such as Latin America see opportunities for growth amid heightened renewable energy focus.
Global Onshore Turbine Towers Recent Developments (Last 6 Months)
In February 2024, Siemens Gamesa announced the launch of its SG 6.7-170 onshore turbine, equipped with a new modular tower system designed to reduce logistics costs and carbon footprint. The company reported partnerships with logistics solution providers to facilitate transportation to remote regions in Asia and South America.
GE Renewable Energy inaugurated its state-of-the-art onshore tower manufacturing facility in Binh Dinh, Vietnam, in March 2024. The plant aims to produce up to 700 towers annually and will primarily supply Asian wind projects. This investment highlights GE’s strategy to localize supply chains, accommodate region-specific design, and gain a competitive edge in fast-growing markets.
In April 2024, Nordex Group revealed a breakthrough in its hybrid concrete-steel tower technology, enabling cost-effective deployment of 150-meter-tall towers. The first commercial projects using this advancement are under development in Spain and Brazil, aligning with efforts to extend the reach of wind energy into lower-wind-speed territories.
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