Wind Turbine Rotor Blades Market- Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025

The global wind turbine rotor blade market is expected to surpass US$ 7 Bn in revenues by 2017-end. The market is anticipated to grow at a CAGR of 21.2% during the period 2017-2025 and reach nearly US$ 33 Bn in revenues.

According to Persistence Market Research (PMR), global wind energy installations have increased from 282.2 GW in 2012 to 486.7 GW in 2016. This is positively impacting the growth of the global wind turbine rotor blade market.

Increasing emphasis on wind power generation, combined with favorable government policies and assistance are also contributing to steady adoption of wind turbine rotor blades. Feed-in-tariffs and generation-based incentives enticing venture capitalists to invest in this fledgling market.

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According to PMR’s report, wind energy harnessing was concentrated in developed regions; however, it is now being steadily adopted in emerging regions of Asia, Africa, and Latin America. Emphasis on wind energy is also expected to receive a fillip from the long-term target adopted by Climate Change Conference of the Parties (COP21).

Although PMR maintains a positive outlook on the global wind turbine rotor blade market, technological competition with solar panels, combined with public issues surrounding wind project management can impede growth in the long-term.

The key opportunities identified by Persistence Market Research include offshore wind system installations and development of carbon composite wind turbine rotor blades.

Key trends shaping the global wind turbine rotor blade market include,

  • Growing preference for long rotor blades: Operators are looking to maximize energy output, as a result of which, demand for long rotor blades is growing significantly.
  • Manufacturers are aiming at uniformity and quality control; due to this, demand for modular blade design is gaining traction.
  • In a bid to deal with extreme conditions on offshore farms, foldable rotor blades, ones that mimic palm trees, are steadily witnessing an uptick in demand.

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By blade length, the global wind turbine rotor blade market has been segmented into,

  • Below 45 meters
  • 45-60 meters
  • Above 60 meters

Among these, demand for 45-60 meters rotor blades is the highest, with this segment accounting for nearly 66% revenue share. In terms of revenue, the 45-60 meter rotor blades are expected to grow at 19.1% CAGR to reach US$ 18.93 Bn in revenues.

By blade material, the global wind turbine rotor blade market has been segmented into glass fiber and carbon composite. Currently, glass fibers outsell carbon composites, and the trend is expected to remain so during the forecast period. According to Persistence Market Research, glass fibers segment accounted for 95.5% revenue share of the market.

By application, the global wind turbine rotor blade market has been segmented into onshore and offshore. Currently, bulk of rotor blades are deployed onshore, with this segment accounting for 96.2% revenue share of the market. In terms of revenue, the onshore segment was valued at US$ 5.87 Bn in 2016. In its report, Persistence Market Research offers market forecast and analysis on North America, Latin America, Europe, Asia Pacific, and MEA. Key companies profiled in the report include LM Wind, Siemens, CNBM, Sinoma, and TPI Composites.

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Companies covered in Wind Turbine Rotor Blades Market Report

Company Profiles 

  • 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
  • Sinomatech Wind Power Blade Co.
  • GE Renewable Energy
  • China National Building Material
  • MFG Wind
  • Kemrock Industries & Export Ltd

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Wind Turbine Rotor Blades Market Latest Trends and Growing Business Opportunities 2020-2026

Wind Turbine Rotor Blades

Market Insight Reports has added the report titled global Wind Turbine Rotor Blades Market to its ever-growing repository to enable an effective business outlook. The report comprises an in-depth study of varying features characteristic of industries, such as trends, policies, and clients operating in several regions. Qualitative and quantitative data analysis methods have been used by analysts to provide accurate and applicable data to readers, business owners and industry experts

The report enumerates the essential components of the global Wind Turbine Rotor Blades market to provide a crystal understanding of the requirements of the businesses. Graphical presentation techniques such as charts, graphs, tables, and pictures have been extensively used to illustrate the Financial and economic aspects of the businesses. The entire demand and supply chain that informs business has been explained at length.

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Top companies operating in the Global Wind Turbine Rotor Blades market profiled in the report are: China National Materials, Gamesa, General Electric, Siemens, Sinoi, Suzlon Energy, Vestas Wind Systems, Acciona, Enercon, Nordex, Powerblades, SGL Rotec.

Global Wind Turbine Rotor Blades Market Split by Product Type and Applications:

Market Segment by Type, covers:
Glass Fiber

Carbon Fiber

Market Segment by Applications, covers:

Offshore Wind Power Generation

Onshore Wind Power Generation

Competitive Landscape:

North America, Latin America, Asia-Pacific, Africa, and Europe and other have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Wind Turbine Rotor Blades Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Wind Turbine Rotor Blades Market

– Changing market dynamics of the Wind Turbine Rotor Blades Market industry

– In-depth segmentation of Wind Turbine Rotor Blades Market by Type, Application etc

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Wind Turbine Rotor Blades Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Wind Turbine Rotor Blades market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the global Wind Turbine Rotor Blades market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focused in the research study. It discusses about prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Wind Turbine Rotor Blades market.

Market Segments: This part of the report discusses about product type and application segments of the global Wind Turbine Rotor Blades market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach Wind Turbine Rotor Blades used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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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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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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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.

Contact Us:

Mr. Alex (Sales Manager)

Prophecy Market Insights

Phone: +1 860 531 2701

Email: sales@prophecymarketinsights.com