The wind turbine foundation market is projected to reach US$ 15,868.94 million by 2028 from US$ 6958.35 million in 2021; it is estimated to grow at a CAGR of 12.5% during 2021–2028.
Wind energy is highly adopted as a sustainable alternative to electricity generation across the world. Several windmills projects have been established to produce electricity and reduce the carbon footprints worldwide. According to the United States Wind Turbine Database (USWTDB), as of January 2021, the country had more than 67,000 turbines installed across 44 states. The country anticipates to install more number of offshore and onshore wind turbines in the coming years, thereby, would catalyze the wind turbine foundation market
The rapidly increasing deployment of offshore wind farms has been fueled for the demand of carbon-neutral energy production. Offshore Wind Farms (OFWs) are approximately 1.5–2 times more expensive to build than onshore wind farms. Offshore wind farms have various advantages, even though they are costly and complex to create and operate. For example, wind speeds at offshore farm areas are often quicker and more consistent than those closer to the coast, resulting in increased energy generation. Like any other renewable energy source, offshore wind farms do not require the usage of water to function correctly, and they also do not release any pollutants or greenhouse gases when in operation. The Wind Energy Technologies Office (WETO) of the US Department of Energy funds research across the country to develop and implement offshore wind technologies that capture wind resources off the US coasts and convert them to power. This diverse portfolio of research, development, and demonstration projects will aid the industry in overcoming fundamental barriers to offshore wind development such as the comparatively high cost of electricity, environmental mitigation, project installation, technical challenges, and grid connections. According to the European Union, Europe has the largest (70% of total) floating wind energy capacity across the world. Further, the governments of various European countries have laid down their plans to install wind farms in the coming years, which is expected to drive the businesses of the wind turbine foundation market players.
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Wind Turbine Foundation Market: Strategic Insights
Market Size Value in US$ 6,958.35 million in 2021 Market Size Value by US$ 15,868.94 million by 2028 Growth rate CAGR of 12.5% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Wind Turbine Foundation Market: Strategic Insights
| Market Size Value in | US$ 6,958.35 million in 2021 |
| Market Size Value by | US$ 15,868.94 million by 2028 |
| Growth rate | CAGR of 12.5% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Wind Turbine Foundation Market
The COVID-19 outbreak has drastically disrupted the supply chain and manufacturing of industrial equipment. Owing to the subsequent imposition of public restrictions, the industry experts have predicted that the industrial equipment manufacturing industry would witness a quarter of lag in the chain. The manufacturing sector is likely to pick up pace sooner as governments across the world have started introducing relaxations in containment measures, resulting in the gradual revival of economies. This is expected to promote the businesses of the wind turbine foundation market.
North America is known for having the highest rate of adoption of advanced technologies due to favorable government policies that foster innovation and infrastructural development. The COVID-19 epidemic has a number of implications for the renewable energy sector in the region. The quarantine measures and shutdowns are causing furloughs and layoffs of technical, construction, and manufacturing personnel in the wind energy industry; many projects are undergoing demobilizations. As a result, many solar and wind farms are struggling to keep up with maintenance and operations. Furthermore, the COVID-19 pandemic has made it more difficult for renewable energy producers to obtain project finance or equity capital.
Lucrative Regions for Wind Turbine Foundation Market
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Market Insights - Wind Turbine Foundation Market
Rising Emphasis on Renewable Energy Fuels Growth of Wind Turbine Foundation Market
Due to the need to reduce greenhouse gas emissions, the depletion of fossil fuels, and continuous variations in climatic patterns are attracting emphasis on renewable energy in the whole energy mix, which is encouraging the development of renewable and green energy generation projects.
The demand for renewable energy is likely to continue to climb because of declining upfront costs of systems involved in renewable energy sectors; growing need to reduce CO2 emissions, and rising energy consumption in developing and underdeveloped countries. The growth in attraction towards renewable energies would catalyze the wind turbine foundation market in the coming years. According to the International Renewable Energy Agency (IRENA), the share of renewables in annual global energy generation is expected to rise from 25% from 2020 to 86% by 2050. For achieving this feat, the world is expected to invest US$ 95 trillion by 2030 and US$ 110 trillion by 2050 in this sector. As a result, there will be a noticeable shift from fossil fuels and renewable energy sources. Europe has a large number of offshore windmill projects in operation, accounting for 90% of total power generation. Thus, the growing emphasis on renewable energy would drive the wind turbine foundation market in the coming years.
Application-Based Market Insights
Based on application, the wind turbine foundation market is segmented into onshore and offshore. The offshore segment held the largest market share in 2020. The wind turbine foundation market is expected to witness growth in the number of onshore projects during the forecast period, thereby, generating substantial revenues from the onshore segment.
Wind Turbine Foundation Market, by Application
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Type - Based Market Insights
Based on type, the wind turbine foundation market is segmented into mono-pile, jacket-pile, gravity, tripod, suction, raft, pile, well foundation, rock and anchor, and others. The gravity segment held the largest market share in 2020 in the wind turbine foundation market.
Players operating in the wind turbine foundation market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In June 2021, BW Ideol signed a Memorandum of Understanding (MoU) with Hitachi ABB Power Grids for developing scalable floating substations, which would support the development of commercial floating offshore wind farms with high-capacity wind turbines.
- In November 2020, Sif Netherlands B.V., in an association with Smulders Projects Belgium N.V., announced its plan of manufacturing all monopiles and transition pieces, involving ~260 kiloton steel, for the Dogger Bank A& B Offshore Wind Farm project, based in the North Sea off the northeast coast of England.
The global wind turbine foundation market has been segmented as mentioned below:
By Type
- Mono-Pile
- Jacket-Pile
- Gravity
- Tripod
- Suction
- Raft
- Pile
- Well Foundation
- Rock and Anchor
- Others
By Application
- Onshore
- Offshore
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Poland
- Sweden
- Norway
- Finland
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Egypt
- Algeria
- Morocco
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Fugro
- Ramboll Group A/S
- Iberdrola, S.A.
- BW Ideol
- Peikko Group
- EEW GROUP
- Bladt Industries A/S
- PRINCIPLE POWER, INC.
- Mammoet
- Sif Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Algeria, Argentina, Australia, Brazil, Canada, China, Egypt, Finland, France, Germany, India, Italy, Japan, Mexico, Morocco, Norway, Poland, Russian Federation, Saudi Arabia, South Korea, Spain, Sweden, United Kingdom, United States
Frequently Asked Questions
Increasing Deployment of Offshore Wind Farms.
Rising Emphasis on Renewable Energy
Growing global population and increasing disposable income in developing countries are driving energy consumption. To meet the energy needs, various quantities of energy sources such as fossil fuels, nuclear energy, and renewable energy are being utilized. However, this energy balance is shifting internationally as a result of changing governmental measures and technological advancements. The increased amount of renewable energy sources in the global energy mix has spurred industry expansion, resulting in high wind towers. However, in the face of the rising demand for increased power generation and improved development activities, most countries are focusing on providing inexpensive, dependable, and secure energy, which is projected to boost the overall expansion of the wind turbine foundation market.
Based on the type, the wind turbine foundation market is segmented into mono-pile, jacket-pile, gravity, tripod, suction, raft, pile, well foundation, rock and anchor, and others. The global wind turbine foundation market is dominated by gravity segment in 2020, which accounted for 29.1%.
Longer blades and taller towers, two of the most critical aspects in increasing wind turbine productivity, are driving much of the next-generation research and development effort to create a more powerful, efficient, durable, and cost-effective turbine. Other significant advancements include the creation of intelligent turbines that gather and understand real-time data and the modeling and adjustment of wind plant flows and turbine layouts to optimize wind harvest. The Wind Energy Technologies Office (WETO) collaborates with the industry to improve the performance and dependability of next-generation wind technologies while lowering wind energy costs.
The key players operating in the global wind turbine foundation market include BLADT Industries A/S; Fugro; Iberdrola, S.A.; BW IDEOL; SIF GROUP; MAMMOET; EEW Group; PEIKKO Group; Principle Power, Inc.; and Ramboll Group A/S.
Europe held the significant market share in year 2020, along with the notable revenue generation opportunities in North America and APAC.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Wind Turbine Foundation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinions
5. Wind Turbine Foundation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Deployment of Offshore Wind Farms
5.1.2 Rising Emphasis on Renewable Energy
5.2 Market Restraints
5.2.1 High Cost Required for Wind Turbine Foundation
5.3 Market Opportunities
5.3.1 Growing Demand in Developing Countries
5.4 Future Trends
5.4.1 Next-Generation Wind Turbines
5.5 Impact Analysis of Drivers and Restraints
6. Wind Turbine Foundation – Global Market Analysis
6.1 Global Wind Turbine Foundation Market Overview
6.2 Global Wind Turbine Foundation Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Wind Turbine Foundation Market – By Type
7.1 Overview
7.2 Wind Turbine Foundation Market, By Type (2020 and 2028)
7.3 Mono-Pile
7.3.1 Overview
7.3.2 Mono-Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Jacket-Pile
7.4.1 Overview
7.4.2 Jacket-Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Gravity
7.5.1 Overview
7.5.2 Gravity: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Tripod
7.6.1 Overview
7.6.2 Tripod: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Suction
7.7.1 Overview
7.7.2 Suction: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Raft
7.8.1 Overview
7.8.2 Raft: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Pile
7.9.1 Overview
7.9.2 Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.10 Well Foundation
7.10.1 Overview
7.10.2 Well Foundation: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.11 Rock and Anchor
7.11.1 Overview
7.11.2 Rock and Anchor: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
7.12 Others
7.12.1 Overview
7.12.2 Others: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
8. Wind Turbine Foundation Market – By Application
8.1 Overview
8.2 Wind Turbine Foundation Market, by Application (2020 and 2028)
8.3 Onshore
8.3.1 Overview
8.3.2 Onshore: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Offshore
8.4.1 Overview
8.4.2 Offshore: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9. Wind Turbine Foundation Market – Geographic Analysis
9.1 Overview
9.2 North America: Wind Turbine Foundation Market
9.2.1 North America: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Wind Turbine Foundation Market- by Type
9.2.3 North America: Wind Turbine Foundation Market- by Application
9.2.4 North America: Wind Turbine Foundation Market- by Key Country
9.2.4.1 US: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Wind Turbine Foundation Market- by Type
9.2.4.1.2 US: Wind Turbine Foundation Market- by Application
9.2.4.2 Canada: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Wind Turbine Foundation Market- by Type
9.2.4.2.2 Canada: Wind Turbine Foundation Market- by Application
9.2.4.3 Mexico: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Wind Turbine Foundation Market- by Type
9.2.4.3.2 Mexico: Wind Turbine Foundation Market- by Application
9.3 Europe: Wind Turbine Foundation Market
9.3.1 Europe: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Wind Turbine Foundation Market- by Type
9.3.3 Europe: Wind Turbine Foundation Market- by Application
9.3.4 Europe: Wind Turbine Foundation Market- by Key Country
9.3.4.1 Germany: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Wind Turbine Foundation Market- by Type
9.3.4.1.2 Germany: Wind Turbine Foundation Market- by Application
9.3.4.2 France: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Wind Turbine Foundation Market- by Type
9.3.4.2.2 France: Wind Turbine Foundation Market- by Application
9.3.4.3 Italy: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Wind Turbine Foundation Market- by Type
9.3.4.3.2 Italy: Wind Turbine Foundation Market- by Application
9.3.4.4 Spain: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 Spain: Wind Turbine Foundation Market- by Type
9.3.4.4.2 Spain: Wind Turbine Foundation Market- by Application
9.3.4.5 UK: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 UK: Wind Turbine Foundation Market- by Type
9.3.4.5.2 UK: Wind Turbine Foundation Market- by Application
9.3.4.6 Russia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Russia: Wind Turbine Foundation Market- by Type
9.3.4.6.2 Russia: Wind Turbine Foundation Market- by Application
9.3.4.7 Poland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.7.1 Poland: Wind Turbine Foundation Market- by Type
9.3.4.7.2 Poland: Wind Turbine Foundation Market- by Application
9.3.4.8 Sweden: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.8.1 Sweden: Wind Turbine Foundation Market- by Type
9.3.4.8.2 Sweden: Wind Turbine Foundation Market- by Application
9.3.4.9 Norway: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.9.1 Norway: Wind Turbine Foundation Market- by Type
9.3.4.9.2 Norway: Wind Turbine Foundation Market- by Application
9.3.4.10 Finland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.10.1 Finland: Wind Turbine Foundation Market- by Type
9.3.4.10.2 Finland: Wind Turbine Foundation Market- by Application
9.3.4.11 Rest of Europe: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.11.1 Rest of Europe: Wind Turbine Foundation Market- by Type
9.3.4.11.2 Rest of Europe: Wind Turbine Foundation Market- by Application
9.4 APAC: Wind Turbine Foundation Market
9.4.1 APAC: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Wind Turbine Foundation Market- by Type
9.4.3 APAC: Wind Turbine Foundation Market- by Application
9.4.4 APAC: Wind Turbine Foundation Market- by Key Country
9.4.4.1 Australia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Wind Turbine Foundation Market- by Type
9.4.4.1.2 Australia: Wind Turbine Foundation Market- by Application
9.4.4.2 China: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Wind Turbine Foundation Market- by Type
9.4.4.2.2 China: Wind Turbine Foundation Market- by Application
9.4.4.3 India: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Wind Turbine Foundation Market- by Type
9.4.4.3.2 India: Wind Turbine Foundation Market- by Application
9.4.4.4 Japan: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Wind Turbine Foundation Market- by Type
9.4.4.4.2 Japan: Wind Turbine Foundation Market- by Application
9.4.4.5 South Korea: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Wind Turbine Foundation Market- by Type
9.4.4.5.2 South Korea: Wind Turbine Foundation Market- by Application
9.4.4.6 Rest of APAC: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Wind Turbine Foundation Market- by Type
9.4.4.6.2 Rest of APAC: Wind Turbine Foundation Market- by Application
9.5 MEA: Wind Turbine Foundation Market
9.5.1 MEA: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Wind Turbine Foundation Market- by Type
9.5.3 MEA: Wind Turbine Foundation Market- by Application
9.5.4 MEA: Wind Turbine Foundation Market- by Key Country
9.5.4.1 South Africa: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Wind Turbine Foundation Market- by Type
9.5.4.1.2 South Africa: Wind Turbine Foundation Market- by Application
9.5.4.2 Saudi Arabia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Wind Turbine Foundation Market- by Type
9.5.4.2.2 Saudi Arabia: Wind Turbine Foundation Market- by Application
9.5.4.3 Egypt: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 Egypt: Wind Turbine Foundation Market- by Type
9.5.4.3.2 Egypt: Wind Turbine Foundation Market- by Application
9.5.4.4 Algeria: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Algeria: Wind Turbine Foundation Market- by Type
9.5.4.4.2 Algeria: Wind Turbine Foundation Market- by Application
9.5.4.5 Morocco: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.5.1 Morocco: Wind Turbine Foundation Market- by Type
9.5.4.5.2 Morocco: Wind Turbine Foundation Market- by Application
9.5.4.6 Rest of MEA: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.6.1 Rest of MEA: Wind Turbine Foundation Market- by Type
9.5.4.6.2 Rest of MEA: Wind Turbine Foundation Market- by Application
9.6 SAM: Wind Turbine Foundation Market
9.6.1 SAM: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Wind Turbine Foundation Market- by Type
9.6.3 SAM: Wind Turbine Foundation Market- by Application
9.6.4 SAM: Wind Turbine Foundation Market- by Key Country
9.6.4.1 Brazil: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Wind Turbine Foundation Market- by Type
9.6.4.1.2 Brazil: Wind Turbine Foundation Market- by Application
9.6.4.2 Argentina: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Wind Turbine Foundation Market- by Type
9.6.4.2.2 Argentina: Wind Turbine Foundation Market- by Application
9.6.4.3 Rest of SAM: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Wind Turbine Foundation Market- by Type
9.6.4.3.2 Rest of SAM: Wind Turbine Foundation Market- by Application
10. Wind Turbine Foundation Market - COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Merger and Acquisition
11.2 New Development
12. Company Profiles
12.1 Fugro
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ramboll Group A/S
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Iberdrola, S.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BW Ideol
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Peikko Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 EEW GROUP
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Bladt Industries A/S
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 PRINCIPLE POWER, INC.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mammoet
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 SIF GROUP
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Global Wind Turbine Foundation Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Wind Turbine Foundation Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Wind Turbine Foundation Market- by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Wind Turbine Foundation Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Wind Turbine Foundation Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe: Wind Turbine Foundation Market- by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe: Wind Turbine Foundation Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. France: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 17. France: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 20. Spain: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 21. Spain: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 22. UK: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 23. UK: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 25. Russia: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 26. Poland: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 27. Poland: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 28. Sweden: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 29. Sweden: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 30. Norway: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 31. Norway: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 32. Finland: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 33. Finland: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC: Wind Turbine Foundation Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Wind Turbine Foundation Market- by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. APAC: Wind Turbine Foundation Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 43. India: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 45. Japan: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 47. South Korea: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 48. South Korea: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of APAC: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of APAC: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 51. MEA: Wind Turbine Foundation Market- by Type– Revenue and Forecast to 2028 (US$ Million)
Table 52. MEA: Wind Turbine Foundation Market- by Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. MEA: Wind Turbine Foundation Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Africa: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 55. South Africa: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 56. Saudi Arabia: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 57. Saudi Arabia: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 58. Egypt: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 59. Egypt: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 60. Algeria: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 61. Algeria: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 62. Morocco: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 63. Morocco: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 64. Rest of MEA: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 65. Rest of MEA: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 66. SAM: Wind Turbine Foundation Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. SAM: Wind Turbine Foundation Market- by Application – Revenue and Forecast to 2028 (US$ Million)
Table 68. SAM: Wind Turbine Foundation Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 69. Brazil: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 70. Brazil: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 71. Argentina: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 72. Argentina: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of SAM: Wind Turbine Foundation Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of SAM: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 75. List of Abbreviation
LIST OF FIGURES
Figure 1. Wind Turbine Foundation Market Segmentation
Figure 2. Wind Turbine Foundation Market Segmentation – By Geography
Figure 3. Global Wind Turbine Foundation Market Overview
Figure 4. Wind Turbine Foundation Market, by Type
Figure 5. Wind Turbine Foundation Market, by Application
Figure 6. Wind Turbine Foundation Market, by Geography
Figure 7. North America PEST Analysis
Figure 8. Europe PEST Analysis
Figure 9. APAC – PEST Analysis
Figure 10. MEA PEST Analysis
Figure 11. SAM PEST Analysis
Figure 12. Wind Turbine Foundation Market: Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of Wind Turbine Foundation Market
Figure 14. Global Wind Turbine Foundation Market Revenue Forecast and Analysis (US$ Million)
Figure 15. Wind Turbine Foundation Market Revenue Share, by Type (2020 and 2028)
Figure 16. Mono-Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Jacket-Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Gravity: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Tripod: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Suction: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Raft: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Well Foundation: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rock and Anchor: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Wind Turbine Foundation Market Revenue Share, by Application (2020 and 2028)
Figure 27. Onshore: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Offshore: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Wind Turbine Foundation Market Revenue Share, By Region (2020 and 2028)
Figure 30. North America: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America: Wind Turbine Foundation Market Revenue Share, by Type (2020 and 2028)
Figure 32. North America: Wind Turbine Foundation Market Revenue Share, By Application (2020 and 2028)
Figure 33. North America: Wind Turbine Foundation Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. US: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Wind Turbine Foundation Market Revenue Share, By Type (2020 and 2028)
Figure 39. Europe: Wind Turbine Foundation Market Revenue Share, By Application (2020 and 2028)
Figure 40. Europe: Wind Turbine Foundation Market Revenue Share, By Key Country (2020 and 2028)
Figure 41. Germany: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. France: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Italy: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Spain: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Russia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Poland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Sweden: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Norway: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Finland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Europe: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. APAC: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. APAC: Wind Turbine Foundation Market Revenue Share, By Type (2020 and 2028)
Figure 54. APAC: Wind Turbine Foundation Market Revenue Share, By Application (2020 and 2028)
Figure 55. APAC: Wind Turbine Foundation Market Revenue Share, By Key Country (2020 and 2028)
Figure 56. Australia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of APAC: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. MEA: Wind Turbine Foundation Market Revenue Share, By Type (2020 and 2028)
Figure 64. MEA: Wind Turbine Foundation Market Revenue Share, By Application (2020 and 2028)
Figure 65. MEA: Wind Turbine Foundation Market Revenue Share, By Key Country (2020 and 2028)
Figure 66. South Africa: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Saudi Arabia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Egypt: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Algeria: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Morocco: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Rest of MEA: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. SAM: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. SAM: Wind Turbine Foundation Market Revenue Share, By Type (2020 and 2028)
Figure 74. SAM: Wind Turbine Foundation Market Revenue Share, By Application (2020 and 2028)
Figure 75. SAM: Wind Turbine Foundation Market Revenue Share, By Key Country (2020 and 2028)
Figure 76. Brazil: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Argentina: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Rest of SAM: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Impact of COVID-19 Pandemic in North American Country Markets
Figure 80. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 81. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 82. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 83. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Wind Turbine Foundation Market
- BLADT INDUSTRIES A/S
- FUGRO
- IBERDROLA, S.A.
- B.W. IDEOL
- SIF Group
- MAMMOET
- EEW Group
- PEIKKO GROUP
- PRINCIPLE POWER, INC.
- RAMBOLL GROUP A/S
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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