The global Wind Energy Foundation Market is likely to grow at a robust CAGR in the forecast period. Wind energy foundation is a turbine base that supports the wind energy structure against harsh environments. Hence, the foundation must be capable of supporting hydrodynamic loads along with aerodynamic loads.
The
wind energy foundation market is driven by increase in demand for renewable
energy sources since the market witnessed a higher traction in the past due to
rise in number of energy installations. Rise in the number of market entrants
and strategic alliances between key players are likely to add to the market
growth during the forecast period. Significant demand from manufacturers with
enhanced capacities in order to augment the power production is likely to
account for a robust market growth during the forecast period. A rise in the
number of offshore installations is likely to trigger the market growth.
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Location segment for wind energy foundation market includes
offshore and onshore. Offshore is further categorised as jacket-pile,
mono-pile, tripod and suction. Onshore is further segmented as well foundation,
pile and raft. Geographical segment for wind energy foundation market comprises
North America, South America, Europe, Asia-Pacific, Middle East and Africa.
Asia-Pacific regions accounted for a significant market share in the near
future owing to strong inclination of market players towards renewable sources
of energy. The region is subject to witness rapid expansion in energy sector
that will further boost industrial growth.
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European
market is a high traction market due to preference for clean sources of wind
energy. Rise in need for electricity generation and energy developments are
likely to replace the conventional sources of energy in the near future. The
key players in the wind energy foundation industry include Ramboll Group, Owec
Tower, MT Hojgaard, A/S Suzlon Group, SWAY AS, Blue H Engineering BV and
Offshore Wind Power Systems.
Market Segment:
Site Location outlook (Revenue, USD
Million, 2013 - 2024)
• Onshore
• Mono-Pile
• Jacket-Pile
• Gravity
• Suction
• Tripod
• Offshore
• Raft
• Pile
• Well Foundation
• Others
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