Global Wind Turbine Rotor Blades Market by 2029

The report Wind Turbine Rotor Blades Market, By Material (Glass Fiber, and Carbon), By Application (OffShore Wind Power Generation, and Onshore Wind Power Generation, and By Region, (North America, Europe, Latin America, Asia Pacific, Middle East and Africa) – Global Forecast to 2028″.

The wind turbine rotor blades market size is projected to grow from US$ 7.21 billion in 2018 to US$ 53.08 billion by 2028. The global wind turbine rotor blades market is expected to register lucrative growth over the forecast period. This is attributed to increasing demand of electricity from wind source as it is a free energy resource.

Therefore, many industries are investing in wind turbine rotor blades, as there exists a pressing need to find an alternative source of energy considering the depletion of natural resources such as natural gas, fossil fuel, wood and coal.

Further, the wind turbine technology as also acknowledged as a clean and environmental friendly technology, as it does not emit carbon dioxide. Hence, installation of wind turbine projects is in demand, which favors the market of wind turbine rotor blades market.

Moreover, along with the industrial development and innovation in the field of wind power generation is also expected to propel the wind turbine rotor blades market.

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Key Highlights:

·         On 4 th December, WindEurope and the European Chemical Industry Council joined forces to host a workshop in Brussels, which aimed to assess the chemical industry to support the wind industry.

·         On 12th December 2018, according to the Russian Association of Wind Industry (RAWI)  Vetas opended its blade production facility in Ulyanovsk. This unit is expected to produce more than 55 blades in 2019.

Key Market Insights from the report:

The global market accounted for US$ 7.21billion in 2018 and is projected to register a lucrative CAGR of 19.0% over the forecast period. The market report has been segmented on the basis of material, and region.

·         By material the glass fibers segment accounted the majority share and is expected to dominate over the forecast.

·         By application, the onshore segment is expected dominate over the offshore segment, and is expected to maintain its dominance over the forecast period.

·         By region, North America electric vehicle battery market accounted for major revenue share of the global electric vehicle battery market and is further anticipated to maintain its dominance over the forecast period. The market in Europe accounted for second-highest revenue share in 2018.

Browse 70 market data tables* and 37 figures* on through 140 slides and in-depth TOC “ Global Wind Turbine Rotor Blades Market, By Material (Glass Fiber, and Carbon Fiber), By Application (Offshore Wind Power Generation, and Onshore Wind Power Generation) – Global forecast till 2028.

To know the upcoming trends and insights prevalent in this market, click the link below:

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The prominent player operating in the global wind turbine rotor market includes TPI Composite, Nordex SE, Vestas Wind Systems A/S, Senvion S.A., LM Wind Power, Enercon GmbH, Siemens Wind Power, Carbon Rotec GmbH & Co. KG., and Sinomatech Wind Power Blade Co.            

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Global Wind Turbine Rotor Blade Market worth US$ XX Billion by 2029

The report Global Wind Turbine Rotor Blade Market, By Material Type (Glass Fiber and Carbon Fiber), By Blade Size (<27 Meter, 27-37 Meter, 38-50 Meter, and >50 Meter), and Region – Global Forecast to 2029” Global wind turbine rotor blade market is projected to grow from US$ XX billion in 2019 to US$ XX billion by 2029. Global wind turbine rotor blade market is driven by the factors such as growing concern towards environment and economic advantages of wind power. Rapid urbanization coupled with rising construction activities has increased the demand for electricity which leads to the requirement of wind power and drives the growth of the global wind turbine rotor blade market.

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Key Highlights:

  • In December 2016, Vestas announced an agreement to supply turbines in Jordan which are capable of producing 89.1 MW of power.

Key Market Insights from the report:          

The global wind turbine rotor blade market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of material, blade size and region.

  • By material, the global wind turbine rotor blade market is segmented into glass fiber and carbon fiber.
  • By blade size, the global wind turbine rotor blade size is segmented into <27 Meter, 27-37 Meter, 38-50 Meter, and >50 Meter.
  • By region, the Asia Pacific market accounted significant share in global wind turbine rotor blade market due to rising demand for electricity in developing countries such as India and China of this region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Wind Turbine Rotor Blade Market”, By Material Type (Glass Fiber and Carbon Fiber), By Blade Size (<27 Meter, 27-37 Meter, 38-50 Meter, and >50 Meter), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- forecast till 2029

To know the upcoming trends and insights prevalent in this market, click the link below:

Links:

https://www.prophecymarketinsights.com/market_insight/Global-Wind-Turbine-Rotor-Blades-265

The prominent player operating in the global wind turbine rotor blade market include TPI Composites Inc., Senvion SA, General Electric Company, Nordex SE, Siemens Gamesa Renewable Energy SA, Vestas Wind Systems A/S, CARBON ROTEC GmbH & Co KG, Molded Fiber Glass Companies (MFG), Tecsis GmbH, Sinomatech Wind Power Blade Co. Ltd, and Aeris Energy.

About Prophecy Market Insights

Prophecy Market Insights is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

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