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Energy and Power Asia Pacific Wind Turbine Foundation Market...

Asia Pacific 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)

TIPRE00026076 | Pages: 125 | Energy and Power | Nov 2021 | Type: Regional | Status: Published

Market Introduction

The Asia Pacific 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 has severely impacted Asia Pacific due to wide disease spread; countries in this region are highly populated, leading to the greater risk of infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies, such as China, India, Australia, and Japan, experiencing inflation. India is the worst-hit country by the pandemic in this region. Despite worries about labor shortages and travel restrictions that limited operations and maintenance, Asia Pacific's energy supply and system operation could fulfill demand reliably during the pandemic. For example, this has enabled hospitals to provide healthcare services and allow employees to work from home to assist businesses in continuing operations and, in general, allowing daily life to go on.

 


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Market Overview and Dynamics

The wind turbine foundation market in Asia Pacific is expected to grow from US$ 2,313.87 million in 2021 to US$ 5,826.00 million by 2028; it is estimated to grow at a CAGR of 14.1% 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. Thus, the growing emphasis on renewable energy will drive the demand for wind turbine foundations.

Key Market Segments

Based on type, the gravity segment accounted for the largest share of the Asia Pacific wind turbine foundation market in 2020. Based on application, the onshore segment accounted for the largest share of the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific wind turbine foundation market
  • Efficiently plan M&A and partnership deals in Asia Pacific 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 Asia Pacific wind turbine foundation market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.



Asia Pacific Wind Turbine Foundation Market Segmentation

Asia Pacific Wind Turbine Foundation Market – By Type

  • Mono-Pile
  • Jacket-Pile
  • Gravity
  • Tripod
  • Suction
  • Raft
  • Pile
  • Well Foundation
  • Rock and Anchor
  • Others

Asia Pacific Wind Turbine Foundation Market – By Application

  • Onshore
  • Offshore

Asia Pacific Wind Turbine Foundation Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Wind turbine foundation Market – 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

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.           Asia Pacific 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          Heightening Deployment of Offshore Wind Farms

5.1.2          Shifting Preference Towards Renewable Energy

5.2          Market Restraints

5.2.1          High Cost Associated with Wind Turbine Foundation

5.3          Market Opportunities

5.3.1          Incrementing Demand in Developing Countries

5.4          Future Trends

5.4.1          Development of Innovative Wind Turbines

5.5          Impact Analysis of Drivers and Restraints

6.           Wind Turbine Foundation – Asia Pacific Market Analysis

6.1          Asia Pacific Wind Turbine Foundation Market Overview

6.2          Asia Pacific Wind Turbine Foundation Market Revenue Forecast and Analysis

7.           Asia Pacific 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.           Asia Pacific 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.           Asia Pacific Wind Turbine Foundation Market – Country Analysis

9.1          APAC: Wind Turbine Foundation Market

9.1.1          APAC: Wind Turbine Foundation Market- by Key Country

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

9.1.1.1.1             Australia: Wind Turbine Foundation Market- by Type

9.1.1.1.2             Australia: Wind Turbine Foundation Market- by Application

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

9.1.1.2.1             China: Wind Turbine Foundation Market- by Type

9.1.1.2.2             China: Wind Turbine Foundation Market- by Application

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

9.1.1.3.1             India: Wind Turbine Foundation Market- by Type

9.1.1.3.2             India: Wind Turbine Foundation Market- by Application

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

9.1.1.4.1             Japan: Wind Turbine Foundation Market- by Type

9.1.1.4.2             Japan: Wind Turbine Foundation Market- by Application

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

9.1.1.5.1             South Korea: Wind Turbine Foundation Market- by Type

9.1.1.5.2             South Korea: Wind Turbine Foundation Market- by Application

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

9.1.1.6.1             Rest of APAC: Wind Turbine Foundation Market- by Type

9.1.1.6.2             Rest of APAC: Wind Turbine Foundation Market- by Application

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

10.1        Overview

10.2        Asia Pacific

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.              Asia Pacific Wind Turbine Foundation Market Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

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

Table 14.            List of Abbreviation

LIST OF FIGURES

Figure 1.            Wind Turbine Foundation Market Segmentation

Figure 2.            Wind Turbine Foundation Market Segmentation – By Country

Figure 3.            Asia Pacific 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.            APAC – PEST Analysis

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

Figure 9.            Asia Pacific 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.          APAC: Wind Turbine Foundation Market Revenue Share, By Key Country (2020 and 2028)

Figure 25.          Australia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

Figure 31.          Impact of COVID-19 Pandemic in Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific 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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