SAN FRANCISCO, November 21, 2016 /PRNewswire/ --
The global wind energy foundation market is expected to reach USD 241.14 billion by 2024, according to a new report by Grand View Research, Inc. Increasing concerns over depleting petroleum resources has resulted in influencing growing demand for renewable energy. Increasing global population and industrialization have become major factors for moving towards non-conventional resources.
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Wind energy is gaining momentum over the past few years on account of major capacity additions owing to the declining prices. Recently there have been dramatic reductions in costs on account of increasing research and development. Growing demand for expansion of electricity generation and access is expected to be a major driver for the industry over the forecast period.
Climate change and global warming are major factors responsible for the increasing focus on wind power and harnessing this power for the future generations. The demand for wind energy foundation was USD 73.46 billion in 2015.Approximately 100 countries have managed to build several commercial wind farms.
Strong government initiatives and subsidies for the development of renewable energy is expected to be crucial factor for growth of the industry over the forecast period. The Paris agreement of 2015 was a major step in moving towards harnessing sustainable and clean energy.
Browse full research report with TOC on "Wind Energy Foundation Market Analysis By Location {Offshore By Type (Mono-Pile, Jacket-Pile, Gravity, Suction, And Tripod), Onshore By Type (Raft, Pile, And Well Foundation)}, By Region (North America, Europe, Asia Pacific) And Segment Forecasts From 2013 To 2024" at: http://www.grandviewresearch.com/industry-analysis/wind-energy-foundation-market
Further key findings from the report suggest:
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Grand View Research has segmented the global wind energy foundation market by site location and region:
Access research insight: http://www.grandviewresearch.com/research-insights/wind-energy-foundation-market-insight
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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