Wind Turbine Foundation Market Size, Share, Growth Analysis, By Type(Monopile, Gravity Based Structure (GBS), Tripod, Jacket), By Application(Onshore Foundation, Offshore Foundation), By Region - Industry Forecast 2024-2031

The Global Wind Turbine Foundation Market is fairly competitive due to the presence of various international, regional, and local players such as Fugro Inc., Bladt Industries, Iberdrola, S.A., and others. Technological advancements have compelled some regional businesses to innovate in order to remain competitive in this market. Key companies are also concentrating on broad offshore coverage for large area coverage and massive energy generation. With Wind Turbine Foundation Market demand evolving toward cleaner and more natural energy sources, major firms have focused on long-term plans that include product innovation.

Wind Turbine Foundation Market Top Player’s Company Profiles

• Vestas Wind Systems
• Siemens Gamesa Renewable Energy
• General Electric Company
• Suzlon Energy Limited
• Enercon GmbH
• Nordex SE
• Goldwind Science and Technology Co., Ltd.
• Ming Yang Smart Energy Group Co., Ltd.
• Senvion S.A.
• Envision Energy Limited
• LM Wind Power
• Hitachi Ltd.
• MHI Vestas Offshore Wind A/S
• Sinovel Wind Group Co., Ltd.
• Guangdong Mingyang Wind Power Industry Group Co., Ltd.
• Adwen Offshore, S.L.U.
• Clipper Windpower LLC
• XEMC Windpower Co., Ltd.
• Gamesa Corporación Tecnológica, S.A.
• Shanghai Electric Wind Energy Co., Ltd.

Wind Turbine Foundation Market Recent Development

• In April 2022, bp and EnBW have awarded Fugro a geotechnical site investigation contract for their new offshore wind farms, Morgan and Mona, located in the Irish Sea.
• In November 2021, The large renewable energy group of Denmark, Bladt corporation won the contract for offshore wind farms transmission pieces namely, Vesterhav Nord Vesterhav Syd. These transmission lines will deliver the energy to the country in a very cost-efficient way.
• In November 2021, Ocean Winds (a joint venture of ENGIE and EDP Renewables) and Principle Power have agreed to collaborate on the design of the floating platforms for France's first commercial-scale floating wind tender.