The Wind Turbine Blade Market Size to remarkable value and expected to rise at 8.6% CAGR by Forecast Period of 2019 to 2027 according to latest Wind Turbine Blade Market 2019 Global Industry Outlook to 2027 Research Report published by Market Research Future. Market for Wind Turbine Blade Industry is Segmented by Type (Glass Fiber and Carbon Fiber), size (<27 Meter, 27-37 Meter, 38-50 Meter, and >50 Meter) and Region – Global Opportunity Analysis with Industry Forecast, 2018 – 2027.
Wind Turbine Blade Market Companies Studied in report include Suzlon Energy Limited (India), Siemens AG (Germany), Vestas Wind Systems (Denmark), Stem AS (Denmark), Acciona S.A. (Spain), and Gamesa Corporacion Tecnologica (Spain).
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Global Wind Turbine Blade Market Insights:
A wind turbine blade is a vital component of a wind turbine as it captures the wind energy by converting it into rotation used to move the turbine. Capacity of wind power has significantly increased across the world, as wind turbines industry have become more powerful, efficient and affordable for power producers in the last decade. According to the report published by the Market Research Future, the global wind turbine blade market is expected to garner a lucrative CAGR of 8.6% during the forecast period.
Wind energy is a relatively large single source (around 50%) of all increase in electricity generation globally. Wind energy accounted for around 40% of Denmark’s total power generation, 23% of Portugal and Ireland, and 19% of Uruguay. In South Australia, wind power contributes to around 40% of the total power generation.
Factors contributing to the growth of the wind turbine blade market include rising demand for energy around the world and increasing demand for renewable energy sources. Moreover, development of offshore wind energy seen in Scandinavian countries is providing a higher impetus for the upscaling of the wind turbine blade market.
Advances in the structural and material engineering such as lattice and hybrid blades and growing use of glass-reinforces plastic (GRP) and carbon fiber reinforced plastic (CERP) including composites are fostering the growth of the global wind turbine blade market. Innovations in designing as computer simulations and computer-aided design have resulted in the development of high-efficiency blades with ergonomic designs, promoting the ascension of the global wind turbine blade market. Moreover, development of offshore wind energy seen in Scandinavian countries is providing a higher impetus for the upscaling of the wind turbine blade market.
However, high capital costs for such projects may act as a restraint for the market, along with the use of expensive raw material required for manufacturing larger blades. Future growth projections for the wind energy sector are very promising, indicating opportunities for in the turbine blade market.
Key Questions answered in report:
What is the size of Asia Pacific, North America, Europe, And Middle East Wind Turbine Blade market?
Who are the leading players in the Wind Turbine Blade Industry?
Which key players are dominating the Global Wind Turbine Blade market?
What will be the forecast of the Wind Turbine Blade market for the next 5 years?
What is the market demand of the Wind Turbine Blade Industry?
What will be the upcoming trends in the Wind Turbine Blade Market?
What is the market size and growth rate of the Global Wind Turbine Blade market?
What are some factors that affect the Wind Turbine Blade market?
What will be the future of Wind Turbine Blade market in coming years?
Wind Turbine Blade Global Market Segment Analysis:
The wind turbine blade market has been segmented by type, size, axis, and design.
Based on type, the global wind turbine blade market is segmented into carbon fiber, glass fiber.
Based on size, the global wind turbine blade market is segmented into <27-meter, 27-37-meter, 38-50 meter, and >50 meters.
Based on axis, the global wind turbine blade market is segmented into horizontal axis and vertical axis.
Based on design, the global wind turbine blade market is segmented into curved blades and flat blades.
Wind Turbine Blade Global Market Regional Analysis:
The geographical study of the market spans across North America, Europe, Asia Pacific and the Rest of the World (RoW).
The Asia Pacific market for wind turbine rotor blade is anticipated to flourish owing to increasing demand for electricity in developing countries such as India and China and growing government initiatives encouraging the production of wind energy. Japan, China, and India are projected to lead the country-specific market for wind turbine blades by 2023. This can be owed to the largest number of wind power projects under the planning and construction phase.
Europe is anticipated to be the undisputed leader in the global wind turbine blade market, holding over 40% share of the global wind turbine blade market at the beginning of the forecast period. Germany, Norway, Finland, and France are expected to spearhead the country-specific markets for wind turbine blade over the forecast period.
North America is estimated to follow Europe while accounting for the second largest share in the global wind turbine blade market. The US is expected to dominate the country-specific market for wind turbine blade through the assessment period.
Industry Update
March 2019: Halo Energy is a micro wind turbine manufacturer and now in the production of its innovative, high efficiency shrouded wind turbines. Halo Energy LLC has introduced the Halo-6.0 turbine, designed to address various energy requirements of the expanding off-grid telecom tower market worldwide. It has a rated capacity of 6 kW and is counted among the most efficient micro wind solutions in production.
August 2019: GE Renewable Energy recently marked their production of the 500th wind turbine blade at the LM Wind Power manufacturing site in Turkey. The statement released by the company also stated that the Bergama factor represents a USD 50 million commitment to Turkey and the company plans to expand the facility and recruit around 300 new employees.
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Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Wind Turbine Blade Market, By Type
Continued…
List of tables:
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 16
TABLE 3 NORTH AMERICA REGULATORY LANDSCAPE FOR WIND TURBINE BLADE 32
TABLE 4 GLOBAL WIND TURBINE BLADE INDUSTRY, BY TYPE, 2016-2027 (USD MILLION) 37
Continued…
List of Figures:
FIGURE 1 GLOBAL WIND TURBINE BLADE INDUSTRY: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 19
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 4 DRO ANALYSIS OF GLOBAL WIND TURBINE BLADE INDUSTRY 23
FIGURE 5 DRIVERS IMPACT ANALYSIS: WIND TURBINE BLADE MARKET 25
FIGURE 6 PRICE TREND ANALYSIS FOR PSF (RS. PER KG) 26
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: WIND TURBINE BLADE INDUSTRY 27
FIGURE 8 VALUE CHAIN: WIND TURBINE BLADE MARKET 29
FIGURE 9 PORTER’S 5 FORCES ANALYSIS 30
Continued…
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