Middle East and Africa Wind Turbine Foundation Market

Market Introduction

The Middle East and Africa 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. Growing population and increasing disposable income in developing countries are driving energy consumption. To meet the energy needs, various quantities of energy sources such as fossil fuels, nuclear energy, and renewable energy are being utilized. However, this energy balance is shifting internationally as a result of changing governmental measures and technological advancements. The increased amount of renewable energy sources in the Middle East and Africa energy mix has spurred industry expansion, resulting in high wind towers. However, in the face of the rising demand for increased power generation and improved development activities, most countries are focusing on providing inexpensive, dependable, and secure energy, which is projected to boost the overall expansion of the wind turbine foundation market. The quickly expanding wind energy installation capacity and falling wind turbine are expected to propel the Middle East and Africa wind turbine foundation market forward in the forecast period. All-above mentioned factors are expected to create lucrative opportunities for the wind turbine foundation market.

According to the International Energy Agency, the prolonged COVID-19 issue is causing the most significant decrease in MENA energy investment in history. The lockdown has caused supply chain interruptions, personnel shortages, and project finance challenges, all of which have impacted energy projects. Countries in the Middle East and others rely heavily on China, which generates more than half of the world's renewable energy technologies. The bulk of important manufacturers of renewable solar technology are based in China. As a result of the crisis, the Middle East and Africa supply chain network, including renewable energy, has been badly affected. Therefore, the COVID-19 pandemic limits the demand development of wind turbine foundation in the Middle East and Africa.

Market Overview and Dynamics

The wind turbine foundation market in Middle East and Africa is expected to grow from US$ 130.00 million in 2021 to US$ 188.52 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. Longer blades and taller towers, two of the most critical aspects in increasing wind turbine productivity, are driving much of the next-generation research and development effort to create a more powerful, efficient, durable, and cost-effective turbine. Other significant advancements include the creation of intelligent turbines that gather and understand real-time data and the modeling and adjustment of wind plant flows and turbine layouts to optimize wind harvest. The Wind Energy Technologies Office (WETO) collaborates with the industry to improve the performance and dependability of next-generation wind technologies while lowering wind energy costs. The traditional blade design method necessitates the development of a plug, or a full-scale model of the finished blade, which is then utilized to create the mould. The plug is one of the most time-consuming and labor-intensive operations in manufacturing wind turbine blades. Thus, 3D printing saves these valuable resources. Wind industry technology must continue to progress to secure future industry growth.

Key Market Segments

Based on type, the gravity segment accounted for the largest share of the Middle East and Africa wind turbine foundation market in 2020. Based on application, the onshore segment accounted for the largest share of the Middle East and Africa 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 Middle East and Africa 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; and Ramboll Group A/S.

Reasons to buy report

• To understand the Middle East and Africa 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 Middle East and Africa wind turbine foundation market
• Efficiently plan M&A and partnership deals in Middle East and Africa 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 Middle East and Africa wind turbine foundation market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Middle East and Africa region.

Middle East and Africa Wind Turbine Foundation Market Segmentation

Middle East and Africa Wind Turbine Foundation Market – By Type

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

Middle East and Africa Wind Turbine Foundation Market – By Application

• Onshore
• Offshore

Middle East and Africa Wind Turbine Foundation Market – By Country

• Saudi Arabia
• South Africa
• Egypt
• Algeria
• Morocco
• Rest of Middle East and Africa

Middle East and Africa Wind turbine foundation Market – Company Profiles

• Fugro
• Ramboll Group A/S
• Iberdrola, S.A.
• BW Ideol
• Peikko Group
• EEW Group
• Mammoet
• Sig Group

Middle East and Africa Wind Turbine Foundation Market Strategic Insights

Middle East and Africa Wind Turbine Foundation Market Segmentation Analysis

Middle East and Africa Wind Turbine Foundation Market Report Highlights

Middle East and Africa Wind Turbine Foundation Report Scope

Middle East and Africa Wind Turbine Foundation Market Country and Regional Insights