Wind Turbine Foundation Market: 52% Of Growth To Originate From APAC | By Application (Onshore And Offshore) and Geography | Global Opportunity Analysis And Industry Forecast, 2021-2025

Wind Turbine Foundation Market Application Outlook (Revenue, USD bn, 2020-2025)

• Onshore - size and forecast 2020-2025
• Offshore - size and forecast 2020-2025

The wind turbine foundation market share growth by the onshore segment will be significant during the forecast period. Onshore wind farms use a shallow foundation, deep foundation, or a combined or hybrid foundation to support wind turbines. The growth of the global wind turbine foundation market by onshore applications is being driven by multiple factors, including the implementation of regulations by governments across the world. Among other factors, the increasing height of wind towers has also resulted in the declined cost of wind electricity generation, which will drive the global wind turbine foundation market by onshore applications during the forecast period.

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Wind Turbine Foundation Market Geography Outlook (Revenue, USD bn, 2020-2025)

• APAC - size and forecast 2020-2025
• Europe - size and forecast 2020-2025
• North America - size and forecast 2020-2025
• MEA - size and forecast 2020-2025
• South America - size and forecast 2020-2025

52% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for wind turbine foundations in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The environment-friendly nature and cost advantages of wind energy will facilitate the wind turbine foundation market growth in APAC over the forecast period.

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Contribution of Renewable Energy Sources in the Global Energy Mix to Boost the Market Growth

The energy mix is defined as the use of different proportions of energy sources such as fossil fuels, nuclear energy, and renewable energy to meet energy needs. Change in the energy mix because of factors such as evolving policy measures and technological advances will foster the growth of the market. The demand for energy is driven by the growing global population and rising disposable income in developing countries. The growing contribution of renewable energy sources in the global energy mix has resulted in the increased installations of wind towers, which, in turn, has driven the growth of the wind turbine foundation market.

Increasing Dependence on Alternative Sources of Energy to Challenge the Market Growth

In the renewables sector, wind energy faces stiff competition from solar energy and hydropower. Of all the renewable sources of energy that are available, solar power has emerged as one of the least expensive sources of clean energy. The declining cost of solar energy generation due to initiatives and subsidies by governments, as well as competitive bidding processes, have significantly increased the number of solar PV panel installations globally. Hydropower is also considered one of the most common and least expensive forms of renewable energy. Therefore, the above-mentioned factors have resulted in the growing dependence on alternative sources of energy, such as solar and hydro, which is a challenge for the growth of the wind industry, which, in turn, will adversely affect the growth of the wind turbine foundation market.

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Some of the Major Wind Turbine Foundation Companies:

• ArcelorMittal SA
• Bladt Industries AS
• Blue H Engineering BV
• ENERCON GmbH
• Equinor ASA
• Offshore Wind Power Systems of Texas LLC
• Orsted AS
• Peikko Group Corp.
• Ramboll Group AS
• Suzlon Energy Ltd.

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Onshore - Market size and forecast 2020-2025
• Offshore - Market size and forecast 2020-2025
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ArcelorMittal SA
• Bladt Industries AS
• Blue H Engineering BV
• ENERCON GmbH
• Equinor ASA
• Offshore Wind Power Systems of Texas LLC
• Orsted AS
• Peikko Group Corp.
• Ramboll Group AS
• Suzlon Energy Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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