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Energy and Power Europe Wind Turbine Foundation Market...

Europe Wind Turbine Foundation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Mono-Pile, Jacket-Pile, Gravity, Tripod, Suction, Raft, Pile, Well Foundation, Rock and Anchor, and Others) and Application (Onshore and Offshore)

TIPRE00026075 | Pages: 134 | Energy and Power | Nov 2021 | Type: Regional | Status: Published

Market Introduction

The Europe wind turbine foundation market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Wind turbines are utilized to generate economical and dependable electricity. This also aids in the reduction of CO2 gas emissions, which lessens the greenhouse gas effect indirectly. Wind turbines use cutting-edge technology that is both powerful and efficient. As wind turbines are situated in a location with the most significant amount of wind exposure, the foundation must be exceptionally sturdy to withstand the wind pressure. The foundation of a wind turbine is built by evaluating the type of soil and other environmental elements that affect the foundation's development. Based on onshore and offshore projects, the foundation material and type are chosen. The foundation's priority is to keep the wind turbine stable and transmit the weight to the ground. Hence, the wind turbine foundation must be strong enough to withstand the pressure produced by the structure above it for the wind turbine to remain stable. Raft and pile foundations are the most common forms of foundations.

The COVID-19 pandemic in Europe has had a diverse impact on various nations since only a few nations have seen an increase in the number of cases, resulting in stringent, long-term lockdown periods or social isolation standards. Because of their excellent healthcare systems, Western European nations such as Germany, France, Russia, and the UK have witnessed a comparably slight decline in their growth activities. The governments of these nations have made significant expenditures in improving the efficiency and efficacy of disease detection and treatment. Following the relaxation of limitations across Europe, all of Europe's wind turbine and component manufacturing are now open. Sanitary measures are reinforced within locations to ensure full compliance with regulatory requirements. As a result, the European wind turbine foundation market is expected to grow significantly in the coming years.

 


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Market Overview and Dynamics

The wind turbine foundation market in Europe is expected to grow from US$ 3,332.63 million in 2021 to US$ 7,749.81 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028. The need to reduce greenhouse gas emissions and boost the amount of renewable energy in the whole energy mix prompted the development of offshore wind farms. Due to the need to reduce carbon emissions, the depletion of fossil fuels, climate change, and so on, there has been a considerable movement toward renewable and green energy in the energy sector. The renewable energy demand will continue to climb because of dropping technology costs, a growing need to reduce CO2 emissions, and rising energy consumption in developing and underdeveloped countries. According to the International Renewable Energy Agency (IRENA), the share of renewables in annual energy generation must climb from 25% to 86% by 2050. To do so, the world will need to invest US$ 110 trillion in the sector by 2050, up from the US$ 95 trillion expected by 2030. As a result, there will be a noticeable shift away from fossil fuels and renewable energy sources. Furthermore, in Europe, there are a large number of offshore windmill projects in operation, accounting for 90% of total power generation. Thus, the growing emphasis on renewable energy worldwide will drive the demand for wind turbine foundations in Europe.

Key Market Segments

Based on type, the gravity segment accounted for the largest share of the Europe wind turbine foundation market in 2020. Based on application, the onshore segment accounted for the largest share of the Europe wind turbine foundation market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe wind turbine foundation market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Fugro; Iberdrola, S.A.; BW Ideol; SIF Group; Mammoet; EEW Group; Peikko Group; Bladt Industries A/S; Principle Power, Inc.; and Ramboll Group A/S.

Reasons to buy report

  • To understand the Europe wind turbine foundation market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe wind turbine foundation market
  • Efficiently plan M&A and partnership deals in Europe wind turbine foundation market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe wind turbine foundation market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.



Europe Wind Turbine Foundation Market Segmentation

Europe Wind Turbine Foundation Market – By Type
  • Mono-Pile
  • Jacket-Pile
  • Gravity
  • Tripod
  • Suction
  • Raft
  • Pile
  • Well Foundation
  • Rock and Anchor
  • Others

Europe Wind Turbine Foundation Market – By Application

  • Onshore
  • Offshore

Europe Wind Turbine Foundation Market – By Country

  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Poland
  • Sweden
  • Norway
  • Finland
  • Rest of Europe

Europe Wind turbine foundation Market – Company Profiles

  1. Fugro
  • Ramboll Group A/S
  • Iberdrola, S.A.
  • BW Ideol
  • Peikko Group
  • EEW Group
  • Bladt Industries A/S
  • Principle Power, Inc.
  • Mammoet
  • Sif Group

TABLE OF CONTENTS

1.           Introduction

1.1          Study of the 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.           Europe Wind Turbine Foundation Market Landscape

4.1          Market Overview

4.2          PEST Analysis

4.3          Expert Opinions

5.           Wind Turbine Foundation Market – Key Market Dynamics

5.1          Market Drivers

5.1.1          Incrementing Deployment of Offshore Wind Farms

5.1.2          Rising Focus on Renewable Energy

5.2          Market Restraints

5.2.1          Requirement of Huge Amounts of Money for Wind Turbine Foundation

5.3          Market Opportunities

5.3.1          Uplift in Demand from Developing Countries

5.4          Future Trends

5.4.1          Development of Next-Generation Wind Turbines

5.5          Impact Analysis of Drivers and Restraints

6.           Wind Turbine Foundation – Europe Market Analysis

6.1          Europe Wind Turbine Foundation Market Overview

6.2          Europe Wind Turbine Foundation Market Revenue Forecast and Analysis

7.           Europe 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.           Europe 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.           Europe Wind Turbine Foundation Market – Country Analysis

9.1          Europe: Wind Turbine Foundation Market

9.1.1          Europe: Wind Turbine Foundation Market- by Key Country

9.1.1.1             Germany: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1             Germany: Wind Turbine Foundation Market- by Type

9.1.1.1.2             Germany: Wind Turbine Foundation Market- by Application

9.1.1.2             France: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1             France: Wind Turbine Foundation Market- by Type

9.1.1.2.2             France: Wind Turbine Foundation Market- by Application

9.1.1.3             Italy: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1             Italy: Wind Turbine Foundation Market- by Type

9.1.1.3.2             Italy: Wind Turbine Foundation Market- by Application

9.1.1.4             Spain: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1             Spain: Wind Turbine Foundation Market- by Type

9.1.1.4.2             Spain: Wind Turbine Foundation Market- by Application

9.1.1.5             UK: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1             UK: Wind Turbine Foundation Market- by Type

9.1.1.5.2             UK: Wind Turbine Foundation Market- by Application

9.1.1.6             Russia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1             Russia: Wind Turbine Foundation Market- by Type

9.1.1.6.2             Russia: Wind Turbine Foundation Market- by Application

9.1.1.7             Poland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.7.1             Poland: Wind Turbine Foundation Market- by Type

9.1.1.7.2             Poland: Wind Turbine Foundation Market- by Application

9.1.1.8             Sweden: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.8.1             Sweden: Wind Turbine Foundation Market- by Type

9.1.1.8.2             Sweden: Wind Turbine Foundation Market- by Application

9.1.1.9             Norway: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.9.1             Norway: Wind Turbine Foundation Market- by Type

9.1.1.9.2             Norway: Wind Turbine Foundation Market- by Application

9.1.1.10          Finland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.10.1           Finland: Wind Turbine Foundation Market- by Type

9.1.1.10.2           Finland: Wind Turbine Foundation Market- by Application

9.1.1.11          Rest of Europe: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.11.1           Rest of Europe: Wind Turbine Foundation Market- by Type

9.1.1.11.2           Rest of Europe: Wind Turbine Foundation Market- by Application

10.        Europe Wind Turbine Foundation Market - COVID-19 Impact Analysis

10.1        Overview

10.2        Europe

11.        Industry Landscape

11.1        Overview

11.2        Merger and Acquisition

11.3        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.              Europe Wind Turbine Foundation Market Revenue and Forecast to 2028 (US$ Million)

Table 2.              Germany: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 3.              Germany: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 4.              France: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 5.              France: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 6.              Italy: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.              Italy: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 8.              Spain: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.              Spain: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 10.            UK: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 11.            UK: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 12.            Russia: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 13.            Russia: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 14.            Poland: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 15.            Poland: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 16.            Sweden: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 17.            Sweden: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 18.            Norway: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 19.            Norway: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 20.            Finland: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 21.            Finland: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 22.            Rest of Europe: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 23.            Rest of Europe: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)

Table 24.            List of Abbreviation

LIST OF FIGURES

Figure 1.            Wind Turbine Foundation Market Segmentation

Figure 2.            Wind Turbine Foundation Market Segmentation – By Country

Figure 3.            Europe 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 Country

Figure 7.            Europe PEST Analysis

Figure 8.            Wind Turbine Foundation Market: Impact Analysis of Drivers and Restraints

Figure 9.            Europe Wind Turbine Foundation Market Revenue Forecast and Analysis (US$ Million)

Figure 10.          Wind Turbine Foundation Market Revenue Share, by Type (2020 and 2028)

Figure 11.          Mono-Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.          Jacket-Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.          Gravity: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.          Tripod: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.          Suction: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.          Raft: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.          Pile: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.          Well Foundation: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.          Rock and Anchor: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.          Others: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.          Wind Turbine Foundation Market Revenue Share, by Application (2020 and 2028)

Figure 22.          Onshore: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.          Offshore: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.          Europe: Wind Turbine Foundation Market, by Key Country – Revenue (2020) (USD Million)

Figure 25.          Europe: Wind Turbine Foundation Market Revenue Share, By Key Country (2020 and 2028)

Figure 26.          Germany: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.          France: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.          Italy: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.          Spain: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.          UK: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.          Russia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.          Poland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.          Sweden: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.          Norway: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.          Finland: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.          Rest of Europe: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.          Impact of COVID-19 Pandemic in Europe Country Markets
  1. Fugro
  2. Ramboll Group A/S
  3. Iberdrola, S.A.
  4. BW Ideol
  5. Peikko Group
  6. EEW Group
  7. Bladt Industries A/S
  8. Principle Power, Inc.
  9. Mammoet
  10. Sif Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe wind turbine foundation market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe wind turbine foundation market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe wind turbine foundation market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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