Global Wind Turbine Foundation Market 2018-2022
About this market
The demand of energy is driven by the growing global population and rising disposal income in developing countries. The energy mix is defined as the use of different proportions of energy sources such as fossils fuel, nuclear energy and renewable energy to meet energy needs. However, this energy mix is changing globally with evolving policy measure and technological advances. The growing contribution of renewable energy sources in the global energy mix has resulted in the increased installations of wind towers, which, in turn has driven the market growth during our forecast period. The global wind turbine foundation market at a CAGR of over 5% during the forecast period.
Change in energy mix
The growing contribution of renewable energy sources in the global energy mix has resulted in the increased installations of wind towers which in turn had driven the growth of the market.
Competition from other alternative sources of energy
The share of wind energy in the global electricity consumption has increased steadily over the previous years. The lack of investments can also be attributed to the absence of stable and supporting government initiatives.
For the detailed list of factors that will drive and challenge the growth of the wind turbine foundation market during the 2018-2022, view our report.
The wind turbine foundation market is moderately fragmented owing to the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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