Middle East and Africa 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)
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.
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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
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. Middle East and Africa 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 Rising Deployment of Offshore Wind Farms
5.1.2 Rising Emphasis on Renewable Energy
5.2 Market Restraints
5.2.1 High Cost Required for Wind Turbine Foundation
5.3 Market Opportunities
5.3.1 Incrementing Demand in Developing Countries
5.4 Future Trends
5.4.1 Next-Generation Wind Turbines
5.5 Impact Analysis of Drivers and Restraints
6. Wind Turbine Foundation – Middle East and Africa Market Analysis
6.1 Middle East and Africa Wind Turbine Foundation Market Overview
6.2 Middle East and Africa Wind Turbine Foundation Market Revenue Forecast and Analysis
7. Middle East and Africa 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. Middle East and Africa 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. Middle East and Africa Wind Turbine Foundation Market – Country Analysis
9.1 MEA: Wind Turbine Foundation Market
9.1.1 MEA: Wind Turbine Foundation Market- by Key Country
9.1.1.1 South Africa: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Wind Turbine Foundation Market- by Type
9.1.1.1.2 South Africa: Wind Turbine Foundation Market- by Application
9.1.1.2 Saudi Arabia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Wind Turbine Foundation Market- by Type
9.1.1.2.2 Saudi Arabia: Wind Turbine Foundation Market- by Application
9.1.1.3 Egypt: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Egypt: Wind Turbine Foundation Market- by Type
9.1.1.3.2 Egypt: Wind Turbine Foundation Market- by Application
9.1.1.4 Algeria: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Algeria: Wind Turbine Foundation Market- by Type
9.1.1.4.2 Algeria: Wind Turbine Foundation Market- by Application
9.1.1.5 Morocco: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Morocco: Wind Turbine Foundation Market- by Type
9.1.1.5.2 Morocco: Wind Turbine Foundation Market- by Application
9.1.1.6 Rest of MEA: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of MEA: Wind Turbine Foundation Market- by Type
9.1.1.6.2 Rest of MEA: Wind Turbine Foundation Market- by Application
10. Wind Turbine Foundation Market - COVID-19 Impact Analysis
10.1 Overview
10.2 Middle East and Africa
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 Mammoet
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 SIF Group
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
13. Appendix
13.1 About The Insight Partners
13.2 Word IndexLIST OF TABLES
Table 1. Middle East and Africa Wind Turbine Foundation Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Egypt: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Egypt: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Algeria: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Algeria: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Morocco: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. Morocco: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Wind Turbine Foundation Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of AbbreviationLIST OF FIGURES
Figure 1. Wind Turbine Foundation Market Segmentation
Figure 2. Wind Turbine Foundation Market Segmentation – By Country
Figure 3. Middle East and Africa 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. MEA PEST Analysis
Figure 8. Wind Turbine Foundation Market: Impact Analysis of Drivers and Restraints
Figure 9. Middle East and Africa 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. Middle East and Africa: Wind Turbine Foundation Market, by Key Country – Revenue (2020) (USD Million)
Figure 25. MEA: Wind Turbine Foundation Market Revenue Share, By Key Country (2020 and 2028)
Figure 26. South Africa: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Saudi Arabia: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Egypt: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Algeria: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Morocco: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of MEA: Wind Turbine Foundation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets- Fugro
- Ramboll Group A/S
- Iberdrola, S.A.
- BW Ideol
- Peikko Group
- EEW Group
- Mammoet
- Sif Group
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