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    Asia Pacific Wind Tower Market

    ID: MRFR/EnP/20041-HCR
    128 Pages
    Chitranshi Jaiswal
    October 2025

    Asia Pacific Wind Tower Market Research Report Information By Location (Onshore and Offshore) –and ASIA PACIFIC Market Forecast Till 2035

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    Asia Pacific Wind Tower Market Infographic
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    Asia Pacific Wind Tower Market Summary

    As per MRFR analysis, the APAC wind tower market Size was estimated at 17.95 USD Billion in 2024. The APAC wind tower market is projected to grow from 19.31 USD Billion in 2025 to 40.0 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.56% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The APAC wind tower market is poised for substantial growth driven by technological advancements and supportive policies.

    • China remains the largest market for wind towers, showcasing robust investment in renewable energy infrastructure.
    • India is emerging as the fastest-growing region, propelled by increasing energy demand and government incentives.
    • Technological innovations in wind energy are enhancing efficiency and reducing costs, thereby attracting more investments.
    • Key market drivers include rising public and corporate sustainability goals alongside supportive regulatory frameworks.

    Market Size & Forecast

    2024 Market Size 17.95 (USD Billion)
    2035 Market Size 40.0 (USD Billion)

    Major Players

    Siemens Gamesa (ES), GE Renewable Energy (US), Nordex (DE), Vestas Wind Systems (DK), Suzlon Energy (IN), Mingyang Smart Energy (CN), Goldwind (CN), Envision Energy (CN), Senvion (DE)

    Asia Pacific Wind Tower Market Trends

    The wind tower market is currently experiencing a dynamic transformation, driven by the increasing demand for renewable energy sources across the Asia-Pacific region. Governments are actively promoting policies that favor the adoption of wind energy, which is perceived as a cleaner alternative to fossil fuels. This shift is likely to enhance investments in wind tower infrastructure, as countries aim to meet their energy needs sustainably. Furthermore, technological advancements in turbine design and materials are contributing to the efficiency and cost-effectiveness of wind towers, making them more attractive to investors and developers alike. In addition, the growing awareness of climate change and its impacts is prompting both public and private sectors to prioritize renewable energy projects. The wind tower market appears poised for growth, as stakeholders recognize the long-term benefits of investing in sustainable energy solutions. As the region continues to urbanize and industrialize, the demand for reliable and clean energy sources will likely escalate, further solidifying the role of wind towers in the energy mix. Overall, the future of the wind tower market seems promising, with numerous opportunities for expansion and innovation on the horizon.

    Government Incentives and Policies

    Governments in the Asia-Pacific region are implementing various incentives to promote the development of wind energy projects. These policies may include tax breaks, subsidies, and streamlined permitting processes, which are designed to attract investments in the wind tower market. Such initiatives are likely to enhance the overall growth of the sector.

    Technological Advancements

    Innovations in turbine technology and materials are significantly impacting the wind tower market. Enhanced designs are leading to increased efficiency and reduced costs, making wind energy more competitive with traditional energy sources. This trend suggests a potential for greater adoption of wind towers in energy generation.

    Rising Environmental Awareness

    There is a growing recognition of the importance of sustainable energy solutions among consumers and businesses in the Asia-Pacific region. This heightened environmental consciousness is driving demand for renewable energy sources, including wind power. As a result, the wind tower market is expected to benefit from this shift in public perception.

    Asia Pacific Wind Tower Market Drivers

    Increasing Energy Demand

    The escalating energy demand in APAC is a pivotal driver for the wind tower market. As economies in the region continue to grow, the need for sustainable and reliable energy sources intensifies. In 2025, energy consumption in APAC is projected to rise by approximately 4.5% annually, necessitating a shift towards renewable energy solutions. Wind energy, being one of the most viable alternatives, is expected to capture a larger share of the energy mix. This shift is further supported by government initiatives aimed at reducing reliance on fossil fuels. Consequently, the wind tower market is likely to experience substantial growth as investments in wind energy infrastructure increase to meet this burgeoning demand.

    Supportive Regulatory Frameworks

    Supportive regulatory frameworks are instrumental in fostering the growth of the wind tower market in APAC. Governments are implementing policies that promote renewable energy adoption, including feed-in tariffs, tax incentives, and streamlined permitting processes. These measures are designed to attract investments and facilitate the development of wind energy projects. In 2025, it is anticipated that regulatory support will lead to a 20% increase in new wind installations across the region. This favorable environment not only encourages domestic players but also attracts foreign investments, further enhancing the market landscape. Consequently, the wind tower market is likely to benefit from a robust regulatory framework that supports sustainable energy initiatives.

    Technological Innovations in Wind Energy

    Technological innovations play a vital role in shaping the wind tower market in APAC. Advancements in turbine design, materials, and energy storage solutions are enhancing the efficiency and reliability of wind energy systems. For instance, the introduction of larger and more efficient turbines is expected to increase energy output while reducing costs. In 2025, the average capacity of wind turbines in APAC is projected to reach 3.5 MW, up from 2.5 MW in previous years. This trend suggests that technological progress is likely to bolster the competitiveness of wind energy against traditional energy sources. As a result, the wind tower market is poised for growth, driven by the demand for innovative solutions that optimize energy production.

    Investment in Renewable Energy Infrastructure

    Investment in renewable energy infrastructure is a crucial driver for the wind tower market in APAC. Governments and private entities are channeling significant funds into the development of wind energy projects. In 2025, it is estimated that investments in wind energy infrastructure in APAC will exceed $50 billion, reflecting a robust commitment to sustainable energy. This influx of capital is likely to enhance the construction of wind farms and the manufacturing of wind towers, thereby stimulating market growth. Furthermore, the increasing participation of private investors and international firms in the region's renewable energy sector indicates a positive outlook for the wind tower market, as competition and innovation drive advancements in technology and efficiency.

    Rising Public and Corporate Sustainability Goals

    Rising public and corporate sustainability goals are increasingly influencing the wind tower market in APAC. As awareness of climate change and environmental issues grows, both consumers and corporations are prioritizing sustainable practices. In 2025, it is estimated that over 70% of major corporations in APAC will have set ambitious renewable energy targets, driving demand for wind energy solutions. This shift is likely to result in increased procurement of wind energy, thereby stimulating the wind tower market. Furthermore, public sentiment is shifting towards supporting clean energy initiatives, prompting governments to enhance their commitments to renewable energy. As a result, the wind tower market is expected to thrive in an environment where sustainability is a key focus.

    Market Segment Insights

    By Type: Main Gearbox (Largest) vs. Yaw Gearbox (Fastest-Growing)

    In the APAC wind tower market, the segmentation by type reveals that the Main Gearbox holds the largest market share, significantly surpassing its counterparts. The Main Gearbox is central to the operational efficiency of wind turbines, contributing to its dominance. In contrast, the Yaw Gearbox, while smaller in market share, has been making considerable strides, increasing its presence due to innovations in turbine design that prioritize efficiency and control. The growth trends within this segment highlight a robust demand for technologies that enhance wind turbine performance. Factors driving this growth include advancements in gear design and materials, coupled with an escalating push towards sustainable energy solutions. The Yaw Gearbox's rapid expansion can be attributed to its increasing recognition as essential for maximizing wind energy capture, catering to the evolving demands of the energy sector.

    Main Gearbox (Dominant) vs. Yaw Gearbox (Emerging)

    The Main Gearbox is recognized as a dominant component in wind turbine systems, crucial for transmitting power from the rotor to the generator. Its design is increasingly sophisticated, focusing on durability and efficiency to accommodate larger turbines. In comparison, the Yaw Gearbox is an emerging technology that has gained traction due to its importance in aligning turbines to wind direction, thus optimizing energy capture. As the APAC region continues to invest in renewable energy, both the Main Gearbox and Yaw Gearbox are set to play vital roles in enhancing the overall performance and reliability of wind energy systems.

    By Application: Onshore Wind (Largest) vs. Offshore Wind (Fastest-Growing)

    In the APAC wind tower market, the application segment is primarily divided into onshore and offshore wind power. Currently, onshore wind holds a significant share of the market due to its established infrastructure and cost-effectiveness. This segment appeals to a wide range of investors and energy producers, contributing to its substantial representation in market dynamics. Conversely, offshore wind power, while smaller in share, is gaining momentum with increasing investments, particularly in coastal regions across various APAC nations. The growth trends for the application segment suggest a remarkable shift towards offshore wind power as technology advances and environmental policies strengthen. Governments in APAC are prioritizing renewable energy sources, with offshore projects receiving attention as they promise higher energy yields. Factors such as advancements in turbine technology and favorable governmental incentives are propelling the offshore wind segment’s growth, positioning it as the fastest-growing alternative in the renewable energy landscape.

    Onshore Wind (Dominant) vs. Offshore Wind (Emerging)

    Onshore wind power is recognized as the dominant force within the application segment, mainly attributed to its well-established market presence and lower installation costs. The infrastructure for onshore wind generation is more developed, providing a reliable and consistent return on investment. In contrast, offshore wind represents an emerging segment with significant growth potential, driven by advancements in turbine technology and a growing emphasis on sustainable energy solutions. Offshore wind farms are capable of generating more energy due to stronger and more consistent wind patterns available at sea. As such, many APAC countries are beginning to invest heavily in offshore projects, indicating a transition that could reshape the energy landscape in the region.

    By Installation Type: New (Largest) vs. Replacement (Fastest-Growing)

    In the Installation Type segment, the New category represents the largest share of the market, reflecting ongoing investments in green technology and infrastructure. Companies are increasingly opting for new installations due to favorable government policies and incentives aimed at promoting renewable energy sources. Meanwhile, the Replacement category, while smaller, is experiencing rapid growth as aging wind towers need upgrades to improve efficiency and meet stricter regulatory standards. The growth trends in this segment are driven by a combination of technological advancements and increasing awareness of sustainability within the energy sector. As countries in the APAC region ramp up their commitment to reducing carbon emissions, the demand for both new installations and replacements will continue to rise. New installations are largely supported by governmental initiatives, while the Replacement segment is expanding due to the need for modernization and enhanced energy output from existing units.

    Installation Type: New (Dominant) vs. Replacement (Emerging)

    The New installation segment is currently dominant within the APAC wind tower market, characterized by robust investments and project development in renewable energy. Companies focus on establishing new wind farms to capitalize on the growing demand for sustainable energy. This segment benefits from technological innovations and government-funded initiatives promoting wind energy as a viable alternative. On the other hand, the Replacement segment is emerging as a key player, driven by the necessity to upgrade outdated infrastructures to enhance performance and adapt to evolving regulations. As the operational lifespan of wind towers nears its end, more companies are recognizing the critical need to invest in replacements to ensure continuous energy generation and compliance with new standards. Both segments are integral to the overall growth trajectory of the market.

    By Capacity: Over 3mw (Largest) vs. Up To 1.5mw (Fastest-Growing)

    The market share distribution among the capacity values in the APAC wind tower market reveals a clear dominance of the Over 3mw segment, which continues to capture the largest market share thanks to increasing demand for larger and more efficient wind turbines. Meanwhile, the Up To 1.5mw category is gradually gaining traction, especially as it offers solutions for smaller wind projects where budget constraints are critical. Growth trends in this segment are primarily driven by advancements in wind turbine technologies and supportive governmental policies aimed at promoting renewable energy. The Over 3mw segment benefits from economies of scale that enhance project feasibility and efficiency, while the Up To 1.5mw segment is emerging as an attractive option for localized projects, potentially tapping into a new base of customers seeking affordable wind energy solutions.

    Capacity: Over 3mw (Dominant) vs. Up To 1.5mw (Emerging)

    The Over 3mw capacity segment stands as the dominant force in the APAC wind tower market, characterized by its ability to harness higher energy production levels and efficiency. This capacity range appeals to utility-scale projects that require substantial energy output. In contrast, the Up To 1.5mw segment is viewed as emerging, providing a flexible option suitable for smaller developments and community-based wind farms. This segment is particularly favored in regions where space and budgets are limited, thus catering to a diverse client base looking to invest in wind energy without the extensive initial capital typically required for larger setups.

    Get more detailed insights about Asia Pacific Wind Tower Market

    Regional Insights

    China : Unmatched Growth and Innovation

    Key markets include provinces like Inner Mongolia and Xinjiang, which are rich in wind resources. The competitive landscape features major players such as Mingyang Smart Energy and Goldwind, which dominate the local market. The business environment is characterized by rapid technological advancements and a focus on sustainability. Wind energy applications are expanding in sectors like manufacturing and agriculture, making China a pivotal player in The wind tower market.

    India : Strong Growth Amidst Challenges

    Key states include Tamil Nadu and Gujarat, which are leading in wind energy installations. The competitive landscape features players like Suzlon Energy and GE Renewable Energy, which are actively expanding their footprint. The local market is dynamic, with increasing participation from private players and a focus on innovative technologies. Wind energy is particularly significant in rural electrification and agricultural applications, enhancing its relevance in India's energy mix.

    Japan : Innovation Meets Sustainability

    Key markets include Hokkaido and Akita, known for their favorable wind conditions. The competitive landscape features major players like Vestas Wind Systems and Siemens Gamesa, which are investing in local partnerships. The business environment is characterized by a focus on technological innovation and sustainability. Wind energy applications are expanding in urban areas, contributing to Japan's energy transition and reducing reliance on fossil fuels.

    South Korea : Government Support and Investment

    Key regions include Jeju Island and Ulsan, which are pivotal for wind energy development. The competitive landscape features players like Envision Energy and Nordex, which are expanding their operations in the country. The local market dynamics are influenced by a strong focus on innovation and sustainability. Wind energy applications are increasingly relevant in urban infrastructure projects, contributing to South Korea's energy transition goals.

    Malaysia : Focus on Sustainable Growth

    Key markets include Sabah and Sarawak, which have favorable wind conditions for energy generation. The competitive landscape is emerging, with players like Siemens Gamesa and local firms beginning to establish a presence. The business environment is characterized by a growing interest in sustainable energy solutions. Wind energy applications are particularly relevant in rural electrification and industrial sectors, enhancing its significance in Malaysia's energy landscape.

    Thailand : Strategic Investments and Policies

    Key regions include Nakhon Ratchasima and Chaiyaphum, which are leading in wind energy installations. The competitive landscape features players like Vestas Wind Systems and local firms, which are actively expanding their footprint. The local market is dynamic, with increasing participation from private players and a focus on innovative technologies. Wind energy is particularly significant in rural electrification and agricultural applications, enhancing its relevance in Thailand's energy mix.

    Indonesia : Potential for Future Growth

    Key regions include Sulawesi and Nusa Tenggara, which have favorable wind conditions for energy generation. The competitive landscape is emerging, with players like GE Renewable Energy and local firms beginning to establish a presence. The business environment is characterized by a growing interest in sustainable energy solutions. Wind energy applications are particularly relevant in rural electrification and industrial sectors, enhancing its significance in Indonesia's energy landscape.

    Rest of APAC : Emerging Markets and Innovations

    Key markets include emerging economies like Vietnam and the Philippines, which are beginning to explore wind energy potential. The competitive landscape features a mix of local and international players, including Siemens Gamesa and Nordex, which are actively seeking opportunities in these markets. The local market dynamics are influenced by a strong focus on sustainability and innovation. Wind energy applications are increasingly relevant in rural electrification and industrial sectors, enhancing its significance in the broader APAC region.

    Key Players and Competitive Insights

    The wind tower market is currently characterized by a dynamic competitive landscape, driven by increasing demand for renewable energy solutions across the Asia-Pacific (APAC) region. Key players are actively pursuing strategies that emphasize innovation, regional expansion, and partnerships to enhance their market positions. Companies such as Siemens Gamesa (ES), GE Renewable Energy (US), and Vestas Wind Systems (DK) are at the forefront, leveraging their technological expertise and extensive experience to navigate the complexities of this evolving market. Their collective focus on sustainability and digital transformation appears to be shaping a competitive environment that prioritizes not only efficiency but also environmental responsibility.

    In terms of business tactics, localizing manufacturing and optimizing supply chains have emerged as critical strategies for companies operating in this market. The competitive structure is moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for a diverse range of offerings, yet it also intensifies competition as companies strive to differentiate themselves through innovative solutions and enhanced service offerings.

    In October 2025, GE Renewable Energy (US) announced a strategic partnership with a leading local firm to establish a new manufacturing facility in India. This move is expected to bolster local production capabilities and reduce lead times for wind tower components, thereby enhancing competitiveness in the region. The strategic importance of this partnership lies in its potential to streamline operations and foster closer ties with local stakeholders, which could lead to increased market share in the rapidly growing Indian market.

    In September 2025, Vestas Wind Systems (DK) unveiled a new digital platform aimed at optimizing wind farm operations through advanced data analytics. This initiative is likely to enhance operational efficiency and reduce maintenance costs, positioning Vestas as a leader in the integration of digital technologies within the wind tower sector. The strategic significance of this development is underscored by the growing emphasis on data-driven decision-making in the renewable energy landscape, which could provide Vestas with a competitive edge.

    In August 2025, Goldwind (CN) launched a new series of high-efficiency wind turbines designed specifically for the APAC market. This product line is anticipated to meet the increasing demand for energy-efficient solutions while addressing regional environmental concerns. The introduction of these turbines reflects Goldwind's commitment to innovation and sustainability, which are becoming essential differentiators in the competitive landscape.

    As of November 2025, current trends in the wind tower market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence (AI) into operational processes. Strategic alliances among key players are shaping the landscape, fostering collaboration that enhances technological advancements and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technology, and supply chain reliability. This shift suggests that companies that prioritize these aspects will be better positioned to thrive in an increasingly competitive environment.

    Key Companies in the Asia Pacific Wind Tower Market market include

    Industry Developments

    February 2022: Tata Power and RWE, a German electricity generating company, forged a partnership to explore opportunities for jointly developing Wind Tower power plants in India

    December 2022: TagEnergy and Vestas announced a collaboration to provide Engineering Procurement and Construction (EPC) services for the initial phase of the Golden Plains Wind Power Plant, a 756-megawatt project located in Victoria, Australia.

    In October 2024, an MoU was recorded between Dutch companies TWD and IX Renewables as a response to expanding their offshore wind efforts in the APAC region.  IX Renewables will be mainly responsible for Offshore wind development management, while TWD will offer engineering services such as method engineering and equipment design.  The aim of the collaboration is to enhance project delivery from inception to operation with special attention to the growth markets of Taiwan and Japan, both of which are rapidly expanding in the region.

    In November 2024, At the APAC Wind Energy Summit, Corio Generation Corporation (Korea) and Equinor Renewables (Norway) reiterated their commitments to further develop offshore wind energy in these regions.  These companies are actively looking for local partners in South Korea, Japan and Taiwan, which enjoy favorable decarbonization policies as well as advantageous seashore conditions to tap into.

    In November 2024, Ocean Winds partnered with Hyundai Steel to strengthen their partnership aimed at promoting South Korean offshore wind projects.  This partnership will boost the country's aggressive offshore wind energy growth initiatives underpinned by Hyundai Steel's manufacturing capacity and Ocean Winds' offshore experience.

    Moreover, the company entered the offshore wind market in December 2023, when CS Wind, a company that manufactures a substantial number of wind towers, acquired a significant presence within the offshore wind market.  The acquisition was a landmark event because CS Wind was able to expand its operations into the greater global wind market, strengthening its offshore wind tower niche further.  This trend underscores the escalatory dynamics of the offshore wind turbine projects in the APAC region, especially since China and other regional markets Taiwan, Vietnam, and South Korea are still expanding their renewable energy potential​.

    In October 2024, Siemens Gamesa, a significant entity in wind technology, commenced a move to the South Korean market to partake in the development of offshore wind projects in the country.  The construction of the company's wind turbine blades production facility in Incheon is expected to enhance offshore wind capacity goals of 14.3GW by 2030​

    Future Outlook

    Asia Pacific Wind Tower Market Future Outlook

    The wind tower market is projected to grow at 7.56% CAGR from 2024 to 2035, driven by increasing renewable energy investments, technological advancements, and supportive government policies.

    New opportunities lie in:

    • Development of advanced composite materials for lightweight towers
    • Integration of IoT for predictive maintenance solutions
    • Expansion into offshore wind tower manufacturing capabilities

    By 2035, the wind tower market is expected to achieve substantial growth and innovation.

    Market Segmentation

    Asia Pacific Wind Tower Market Type Outlook

    • Main Gearbox
    • Yaw Gearbox
    • Others

    Asia Pacific Wind Tower Market Capacity Outlook

    • 5mw-3mw
    • Up To 1.5mw
    • Over 3mw

    Asia Pacific Wind Tower Market Application Outlook

    • Offshore Wind
    • Onshore Wind Power

    Asia Pacific Wind Tower Market Installation Type Outlook

    • New
    • Replacement

    Report Scope

    MARKET SIZE 202417.95(USD Billion)
    MARKET SIZE 202519.31(USD Billion)
    MARKET SIZE 203540.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)7.56% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies Profiled["Siemens Gamesa (ES)", "GE Renewable Energy (US)", "Nordex (DE)", "Vestas Wind Systems (DK)", "Suzlon Energy (IN)", "Mingyang Smart Energy (CN)", "Goldwind (CN)", "Envision Energy (CN)", "Senvion (DE)"]
    Segments CoveredType, Application, Installation Type, Capacity
    Key Market OpportunitiesGrowing demand for renewable energy drives innovation in wind tower technology and infrastructure development.
    Key Market DynamicsRising investments in renewable energy drive demand for advanced wind tower technologies in the APAC region.
    Countries CoveredChina, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC

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    FAQs

    How much is the Wind Tower market?

    The Asia Pacific Wind Tower market size was valued at a Significant Value in 2023.

    What is the growth rate of the Wind Tower market?

    The market is projected to grow at a CAGR of 11.00% during the forecast period, 2024-2032.

    Who are the key players in the Wind Tower market?

    The key players in the market are Envision Energy, General Electric Company, Siemens Gamesa Renewable Energy, Suzlon Energy Limited, Xinjiang Goldwind Science & Technology Co. Ltd (Goldwind), Vestas Wind Systems AS, China Longyuan Power Group Corporation Limited, and others.

    Which Location led the Wind Tower market?

    The Onshore category dominated the market in 2023.

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