Global Wind Turbine Foundation Market to Reach $33.9 Billion by 2030
The global market for Wind Turbine Foundation estimated at US$24.8 Billion in the year 2023, is expected to reach US$33.9 Billion by 2030, growing at a CAGR of 4.6% over the period 2023-2030. Onshore Wind Turbine Foundation, one of the segments analyzed in the report, is expected to record 4.4% CAGR and reach US$26 Billion by the end of the analysis period. Growth in the Offshore Wind Turbine Foundation segment is estimated at 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.7 Billion, While China is Forecast to Grow at 7.7% CAGR
The Wind Turbine Foundation market in the U.S. is estimated at US$6.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.2 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 5.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.
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