Wind Energy Foundation Market Report: Trends, Forecast and Competitive Analysis to 2030

Wind Energy Foundation Trends and Forecast

The future of the global wind energy foundation market looks promising with opportunities in the mono-pile and jacket-pile markets. The global wind energy foundation market is expected to grow with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing renewable energy investment and rising energy consumption, rise in government support and incentives, and an increase in the need for more access to and production of power.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Wind Energy Foundation by Segment

The study includes a forecast for the global wind energy foundation by site location, foundation type, and region.

Wind Energy Foundation Market by Site Location [Shipment Analysis by Value from 2018 to 2030]:

• Onshore
• Offshore

Wind Energy Foundation Market by Foundation Type [Shipment Analysis by Value from 2018 to 2030]:

• Mono-Pile
• Jacket-Pile
• Others

Wind Energy Foundation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Wind Energy Foundation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wind energy foundation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wind energy foundation companies profiled in this report include-

• Orsted
• Vestas
• Siemens Gamesa Renewable Energy
• Ge Renewable Energy
• Enercon
• Nordex
• Goldwind
• Suzlon Energy
• Sinovel Wind
• Ming Yang Smart Energy

Wind Energy Foundation Market Insights

Lucintel forecasts that onshore is expected to witness the highest growth over the forecast period because it is affordable and easy to operate.

North America is expected to witness highest growth over the forecast period due to the government's aggressive and supportive investment initiatives to support the expansion of renewable energy sources and population growth in the region.

Features of the Global Wind Energy Foundation Market

Market Size Estimates: Wind energy foundation market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wind energy foundation market size by site location, foundation type, and region in terms of value ($B).

Regional Analysis: Wind energy foundation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different site location, foundation type, and regions for the wind energy foundation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wind energy foundation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for wind energy foundation market?

Answer: The global wind energy foundation market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the wind energy foundation market?

Answer: The major drivers for this market are growing renewable energy investment and rising energy consumption, rise in government support and incentives, and an increase in the need for more access to and production of power.

Q3. What are the major segments for wind energy foundation market?

Answer: The future of the global wind energy foundation market looks promising with opportunities in the mono-pile and jacket-pile markets.

Q4. Who are the key wind energy foundation market companies?

Answer: Some of the key wind energy foundation companies are as follows:

• Orsted
• Vestas
• Siemens Gamesa Renewable Energy
• Ge Renewable Energy
• Enercon
• Nordex
• Goldwind
• Suzlon Energy
• Sinovel Wind
• Ming Yang Smart Energy

Q5. Which wind energy foundation market segment will be the largest in future?

Answer: Lucintel forecasts that onshore is expected to witness the highest growth over the forecast period because it is affordable and easy to operate.

Q6. In wind energy foundation market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to the government's aggressive and supportive investment initiatives to support the expansion of renewable energy sources and population growth in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the wind energy foundation market by site location (onshore and offshore), foundation type (mono-pile, jacket-pile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?