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Electrical energy is the basic need today, and its demand is increasing all over the world. Also, the need for a clean and emission-free source for energy has gained importance, and as wind energy is renewable energy promoted by government's ambitious green energy targets, it has become a major attraction for investors. Over the last decade countries like Germany, India, Norway, and Netherland have come up as wind powerhouses and increased the production of electricity by wind energy which in turn has helped the wind turbine foundation market to grow.
Wind turbine system consists of blades, hub, nacelle, tower, and foundation. The nacelle contains the gearbox and alternator. All the weight of blades, hub, nacelle, gearbox, alternator, and tower is supported by the foundation. The design and construction of foundation are crucial to long-life and stability of wind turbine. The foundation has to sustain the wind load and minimize the vibrations due to high wind velocity. Offshore wind turbine foundations would have to bear the water waves as well.
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On the basis of type, the wind turbine foundation market can be segmented monopole, jacket pile, gravity, suction, tripod, raft, and others. Some of the designs are used for offshore wind turbine foundations while some are used in onshore wind turbine foundations. Several new designs of wind turbine foundations are in research, development and demonstration phase. Based on positioning, wind turbine foundations are divided into onshore and offshore.
The major market driver for the global wind turbine foundation market is the increasing demand for carbon-neutral and emission-free energy source around the world. Wind energy is the most adopted amongst the available alternate source of energy as government offers substantial incentives and tax rebates over the installation of wind farms.
The key market restraint for the global Wind turbine foundation market is the high cost of installation of the wind farms. Wind farms have an adverse impact on local ecology and area in which wind farm is built cannot be reused again.
Some of the major companies that are present in the wind turbine foundation market are Peikko Group Corporation, ACCIONA, RUTE Foundation Systems, Inc, Aurecon, MS Enertech, TWI, Ramboll, OWEC Tower, Offshore Wind Power Systems of Texas LLC, Blue H Engineering BV, Inocean, Principle Power and Equinor,
As the developed and the developing countries are inclined towards the use of wind energy, the global wind turbine foundation market has now been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia-Pacific region has the highest wind energy production. China is the market leader in wind energy production. Europe rules in offshore wind production while the USA dominates the onshore wind energy scenario. Countries like UK, Germany, Netherlands, Spain, Italy have some of the largest wind farms in the world. India has fourth largest wind energy producer in the world. Most of the wind farms in India are land-based. In Latin America, Brazil dominates the wind energy landscape.
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