Global Wind Energy Foundation Market: Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025 [Updated: 01-03-2017]

Published by Progressive Markets: 01 Mar 2017 | 601728 | In Stock

Progressive Markets

Wind energy is the second fastest growing source of electricity in the world. Harnessing energy from wind is rather convenient and has many advantages, including the technology advancements and cost effectiveness of wind energy systems. Wind energy foundation generally refers to the building or structure supporting a wind turbine, incorporated between the seabed and tower. The global wind energy market is expected to grow at a CAGR of 8.5% from 2017 to 2025.

Based on the location, the wind energy foundation market is segmented into offshore and onshore. By offshore, the market is divided into well foundation, raft, pile, and others. By onshore, it is segmented into mono-pile, jacket-pile, suction, gravity, and tripod. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

• Unprecedented increase in global pollution and proactive adoption of eco-friendly measures have fueled the demand for wind energy in various domestic, industrial, and commercial applications.

• Government initiatives on increasing the awareness and adoption of wind energy is also fostering growth of the wind energy foundation market.

Restraints:

• High cost of offshore wind foundations is a major restraint for market growth.





Market Players:

The top players in the global wind energy foundation market include Blue H Engineering BV, Ramboll Group, Bladt Industries A/S, Owec Tower AS, Suzlon Energy Ltd, Principle Power, Inc., DONG Energy, TAG Energy Solutions Limited, Fugro Renewable Services, and Offshore Wind Power Systems of Texas LLC.

KEY TAKEAWAYS





MARKET LANDSCAPE

• By Location

o Offshore

? Well Foundation

? Raft

? Pile

? Others

o Onshore

? Mono-pile

? Jacket-pile

? Suction

? Gravity

? Tripod

• By Geography

o North America

? U.S.

? Canada

? Mexico

o Europe

? UK

? Germany

? France

? Spain

? Italy

? Rest of Europe

o Asia-Pacific

? China

? Japan

? India

? Australia

? South Korea

? Rest of Asia-Pacific

o LAMEA

? Brazil

? Saudi Arabia

? South Africa

? Rest of LAMEA

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