Wind Energy Foundation Market Analysis By Location {Offshore By Type (Mono-Pile, Jacket-Pile, Gravity, Suction, And Tripod), Onshore By Type (Raft, Pile, And Well Foundation)}, By Region (North America, Europe, Asia Pacific) And Segment Forecasts From 2013 To 2024

Published: Nov, 2016 | Pages: 70 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

The global wind energy foundation market is expected to reach USD 241.14 billion by 2024, according to a new report by Grand View Research, Inc. Increasing concerns over depleting petroleum resources has resulted in influencing growing demand for renewable energy. Increasing global population and industrialization have become major factors for moving towards non-conventional resources.

Wind energy is gaining momentum over the past few years on account of major capacity additions owing to the declining prices. Recently there have been dramatic reductions in costs on account of increasing research and development. Growing demand for expansion of electricity generation and access is expected to be a major driver for the industry over the forecast period.

Climate change and global warming are major factors responsible for the increasing focus on wind power and harnessing this power for the future generations. The demand for wind energy foundation was USD 73.46 billion in 2015.Approximately 100 countries have managed to build several commercial wind farms.

Strong government initiatives and subsidies for the development of renewable energy is expected to be crucial factor for growth of the industry over the forecast period. The Paris agreement of 2015 was a major step in moving towards harnessing sustainable and clean energy.

Further key findings from the report suggest:

Offshore wind energy foundation segment is expected to witness revenue growth at a CAGR of 14.9% from 2016 to 2024. Offshore wind turbines have large power capacities and are now being installed even in deep water.

In the offshore category, mono-pile foundation accounted for 35.6% of the global market share in 2015 and it was the largest in offshore category. Increasing need to secure energy security and growing concerns about onshore wind farms is a major factor propelling expansion.

Onshore wind energy foundation market was valued at USD 52.01 billion. The onshore category has dominated the foundation market over the past several decades owing to reasonable cost for installation.

Asia Pacific market was valued at USD 27.45 billion in 2015 and will witness significant gains over the forecast period on account of continuous increase in installation capacity in countries such as China, India and Japan.

North America is a major market for foundations owing to the availability of best wind resources coupled with low prices as compared to other countries. Countries such as Brazil will open present new opportunities for propelling growth over the forecast period.

List of Tables


1. Onshore wind energy foundation market estimates and forecasts by type, 2013 - 2024 (USD Million) 
2. Offshore wind energy foundation market estimates and forecasts by type, 2013 - 2024 (USD Million) 
3. North America wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
4. North America wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
5. North America onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
6. North America offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
7. U.S. wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
8. U.S. wind energy foundation market revenue, by offshore site location, 2013 - 2024 (USD Million) 
9. U.S. onshore wind energy foundation market revenue, by Type, 2013 - 2024 (USD Million) 
10. U.S. offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
11. Europe wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
12. Europe wind energy foundation market revenue, by offshore site location, 2013 - 2024 (USD Million) 
13. Europe onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
14. Europe offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
15. Germany wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
16. Germany wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
17. Germany onshore wind energy foundation market revenue, by type, 2013 - 2024 USD Million) 
18. Germany offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
19. UK wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
20. UK wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
21. UK onshore wind energy foundation market revenue, by type, 2013 - 2024 USD Million) 
22. UK Offshore wind energy foundation market revenue, by type, 2013 - 2024 USD Million) 
23. France wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
24. France wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
25. France onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
26. France offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
27. Asia Pacific wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
28. Asia Pacific wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
29. Asia Pacific onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
30. Asia Pacific offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
31. China wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
32. China wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
33. China onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
34. China offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
35. Japan wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
36. Japan wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
37. Japan onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
38. Japan offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
39. India wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
40. India wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
41. India onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
42. India offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
43. Latin America wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
44. Latin America wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
45. Latin America onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
46. Latin America offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
47. Brazil wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
48. Brazil wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
49. Brazil onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
50. Brazil offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
51. MEA wind energy foundation market estimates and forecast, 2013 - 2024 (USD Million) 
52. MEA wind energy foundation market revenue, by site location, 2013 - 2024 (USD Million) 
53. MEA onshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
54. MEA offshore wind energy foundation market revenue, by type, 2013 - 2024 (USD Million) 
55. Global wind energy foundation market vendor landscape