Vestas Wind Systems A/S (Denmark), Siemens Gamesa Renewable Energy, S.A. (Spain), Suzlon Energy Limited (India), Valmont Industries, Inc. (Denmark), and Trinity Structral Towers Inc. (US) are the major five players operating in the global low-voltage circuit breakers market. Vestas Wind Systems A/S held the largest share among top five players with a share of 24.0% in 2017, followed by Siemens Gamesa Renewable Energy, S.A. and Suzlon Energy Limited with respective shares of 9.7% and 7.3% repectively. These companies are adopting strategies such as merger & acquisition and new product launch to improve their position in the global steel wind tower market.

The company operates in three main business areas, namely power solutions, service, and offshore. The power solutions segment includes developing, manufacturing, and optimizing the performance of onshore wind turbines, from site studies to installation. The wind energy operators use company’s smart data capabilities to interpret, forecast, and exploit wind resources. Vestas mainly focuses on delivering energy solutions at the lowest costs and best-in-class global operations by enhancing its technology and service leadership. Moreover, it continues to lead in R&D and innovation in technology to secure its position in the industry.

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Siemens Gamesa Renewable Energy, S.A. is one of the leading suppliers of wind power solutions, globally. It operates as subsidiary of Siemens AG. The company designs, manufactures, sells, and services wind turbines and their components. It operates through into three business segments, namely onshore wind power, offshore wind power, and maintenance services of wind turbines. Siemens Gamesa Renewable Energy focuses on collaborations and partnerships to expand their market share of the wind power and renewables segment. Its strong alliances with many large multinational companies in related markets enable them to accelerate growth.

Suzlon Energy Limited being one of the leading manufacturers of wind turbines, is engaged in the business of design, manufacture, development, and supply of wind turbine generators of a range of capacities and their components. It offers solar power systems, operation and maintenance of wind turbine generators, as well as it offers project execution and site infrastructure development services. Suzlon Energy Limited intends to continue to increase its market share for business lines and related business lines through contracts and agreements.

Valmont Industries, Inc. is the parent organization of Valmont SM, which manufactures and sells various types of complex steel structures for a wide range of industries such as offshore oil and gas, transmission towers, wind energy, and material handling systems. It operates through four business segments, namely engineered support structures, utility support structures, coatings, and irrigation. The utility support structure segment produces aluminum, and composite poles, steel towers, industrial and architectural access systems. The company focuses on market penetration through superior customer service, technological innovation and consistency with high quality. It also focuses on product development and leveraging longstanding relationships with key distributors and end-users.

Trinity Structural Towers, Inc. manufactures and designs tubular wind towers for the wind turbine industry in North America and Other region s It operates as a subsidiary of Trinity Industries, Inc. It offers pedestal mounts, towers, steel turbine components, product transportation services, concrete and aggregates, and specialized coatings. TRINITY s wind turbines portfolio has a capacity range of 1.7 MW to 3.4 MW. Trinity Structural Towers INC. focuses on innovation and development of structural towers. It strategically analyzes the need for tower capacity, which would involve sensor technology with high stability. The company actively aims for the strategic transformation of wind tower into high-tech tower in the future.

The growth of the market vendors is dependent on market conditions, government support, and industry development. Players focus on strengthening their presence worldwide through mergers & acquisitions followed by new product launch and expansions during the forecast period. These strategies are widely adopted by players to enhance their presence in the steel wing tower market.

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