Wind Turbine Foundation Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71419
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The wind turbine foundation market share is expected to increase by USD 8.50 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.37%.

This wind turbine foundation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (onshore and offshore) and geography (APAC, Europe, North America, MEA, and South America). The wind turbine foundation market report also offers information on several market vendors, including 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, and Suzlon Energy Ltd. among others.

What will the Wind Turbine Foundation Market Size be in 2021?

Download the Free Report Sample to Unlock the Wind Turbine Foundation Market Size for 2021 and Other Important Statistics

 

Wind Turbine Foundation Market: Key Drivers and Trends

The change in the energy mix is notably driving the wind turbine foundation market growth, although factors such as competition from alternative renewable sources of energy may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wind turbine foundation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • 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 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.
  • 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.
  • The rapid installation of offshore wind farms is one of the key emerging trends in the wind turbine foundation market.
  • Of late, the offshore wind market has gained prominence in the global quest for installing clean and sustainable energy sources.
  • Offshore wind farms are witnessing rapid installation because they have better operational conditions when compared with onshore farms.
  • With offshore wind farms, much larger fans can be installed, which leads to a higher input even with a smaller number of turbines.  
  • The advantages have led to the approval of a wide-scale installation of offshore wind farms across multiple locations, which, in turn, will augment the wind turbine foundation market. 

This wind turbine foundation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Wind Turbine Foundation Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the wind turbine foundation market encompasses successful business strategies deployed by the key vendors. The wind turbine foundation market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wind turbine foundation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wind Turbine Foundation Market?

For more insights on the market share of various regions Request for a FREE sample now!

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.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Wind Turbine Foundation Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wind turbine foundation market size and actionable market insights on post COVID-19 impact on each segment.

 

Wind Turbine Foundation Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.37%

Market growth 2021-2025

$ 8.50 billion

Market structure

Fragmented

YoY growth (%)

5.68

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 52%

Key consumer countries

China, US, UK, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

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, and Suzlon Energy Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Wind Turbine Foundation Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive wind turbine foundation market growth during the next five years
  • Precise estimation of the wind turbine foundation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind turbine foundation industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wind turbine foundation market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

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

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The wind turbine foundation market growth will increase by $8495.95 million during 2020-2025.
      The wind turbine foundation market is expected to grow at a CAGR of 7.37% during 2020-2025.
      Technavio has segmented the wind turbine foundation market by application (Onshore and Offshore) and geographic (APAC, Europe, North America, MEA, and South America).
      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. are a few of the key vendors in the wind turbine foundation market.
      APAC will register the highest growth rate of 52.29% among the other regions. Therefore, the wind turbine foundation market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the wind turbine foundation market growth are:
      • Rising height and capacity of wind towers
      The wind turbine foundation market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Utilities
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>