Wind Turbine Blades Market 2021-2026
New Study Reports “Wind Turbine Rotor Blades Market 2021, Global Segmentation, Demand, Growth, Trend, Opportunity Forecasts 2027” has been Added on PMR.
Report Overview
The report published on the Wind Turbine Rotor Blades Market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2021 to 2027 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of the Wind Turbine Rotor Blades Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
This report offers an in-depth study of Wind Turbine Blades Market with SWOT analysis that means Strength, Weakness, Opportunity, and Threat to the organization. The Wind Turbine Blades Market report also offers an in-depth survey of the major players in the market based on an organization’s various objectives such as profiling, product overview, production volume, raw material required, and financial aspects of the health of the organization.
Drivers and Limitations
The fundamental dynamics that are examined in the report have significant impact on the Wind Turbine Blade Market. The report explores the value, volume trends, and price history of the market. Additionally, various growth factors, restraints, and opportunities for the market are analyzed to study the in-depth understanding of the market.
This report also analyzes the effects of the coronavirus COVID-19 on the rotor blades for the wind turbine industry.
The global wind turbine blade market is expected to exceed $ 7 billion in sales by the end of 2017. The market is projected to grow at a CAGR of 21.2% over the 2017-2025 period and reach sales of nearly $ 33 billion.
According to Persistence Market Research (PMR), the world’s wind turbines increased from 282.2 GW in 2012 to 486.7 GW in 2016. This has a positive effect on the growth of the global
The increasing emphasis on wind power generation combined with favorable government policies and support are also contributing to the steady adoption of rotor blades for wind turbines. Feed-in tariffs and generation-based incentives attract venture capitalists to invest in this still young market.
According to the PMR report, wind energy use has been concentrated in developed regions; However, it is now being used steadily in emerging regions in Asia, Africa and Latin America. The emphasis on wind energy is also intended to be strengthened by the long-term goal adopted by the Climate Change Conference of the Parties (COP21).
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Although PMR continues to see the global market for rotor blades for wind turbines positively, the technological competition with solar modules in combination with public issues related to wind project management can hinder growth in the long term.
Key opportunities identified by Persistence Market Research include offshore wind system installations and the development of carbon composite wind turbine blades.
Company Profiles:
- TPI composite
- Nordex SE
- Vestas Wind Systems A / S
- Senvion SA
- LM wind power
- Enercon GmbH
- Siemens wind power
- Carbon Rotec GmbH & Co. KG
- Sinomatech Wind Power Blade Co.
- GE Renewable Energy
- China National Building Material
- MFG wind
- Kemrock Industries & Export Ltd
- Tecsis Ltd
- HT blade
- Other
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Market for rotor blades for wind turbines
Key trends shaping the global wind turbine blades market include:
- Growing preference for long rotor blades: The operators want to maximize the energy yield, which significantly increases the demand for long rotor blades.
- Manufacturers strive for uniformity and quality control; Because of this, the demand for modular blade designs is growing in importance.
- In order to cope with the extreme conditions on offshore farms, there is increasing demand for foldable rotor blades that imitate palm trees.
According to blade length, the global market for rotor blades for wind turbines was divided into:
- Less than 45 meters
- 45-60 meters
- About 60 meters
Among these, the demand for 45-60 meter rotor blades is highest, with this segment accounting for almost 66% of sales. In terms of sales, the 45-60 meter blades are expected to grow 19.1% CAGR and reach sales of $ 18.93 billion.
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By blade material, the global wind turbine blades market has been divided into fiberglass and carbon composites. Currently, fiberglass is selling better than carbon composites and this trend is expected to continue over the forecast period. According to Persistence Market Research, the fiber segment accounted for 95.5% of the market’s revenue share.
According to application, the global market for rotor blades for wind turbines has been divided into onshore and offshore. The majority of the rotor blades are currently used on land, with this segment accounting for 96.2% of sales. In terms of sales, the onshore segment was valued at US $ 5.87 billion in 2016.
In its report, Persistence Market Research provides market forecast and analysis on North America, Latin America, Europe, Asia Pacific and MEA. Key companies featured in the report include LM Wind, Siemens, CNBM, Sinoma, and TPI Composites.
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