San
Francisco, 28 November 2018, The global windenergy 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.
Access Full Research
Report On Wind Energy Foundation Market Analysis:
www.grandviewresearch.com/industry-analysis/wind-energy-foundation-market
www.grandviewresearch.com/industry-analysis/wind-energy-foundation-market
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.
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More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the global wind energy foundation
market by site location and region:
Site Location outlook (Revenue, USD
Million, 2013 - 2024)
·
Onshore
o
Mono-Pile
o
Jacket-Pile
o
Gravity
o
Suction
o
Tripod
·
Offshore
o
Raft
o
Pile
o
Well Foundation
o
Others
Regional Outlook (Revenue, USD Million,
2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
Middle East & Africa (MEA)
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-wind-energy-foundation-market
www.grandviewresearch.com/press-release/global-wind-energy-foundation-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
