Market Overview:
The global wind power blades market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources across the globe and the rising awareness about climate change and its effects. In terms of type, the below 2MW segment is expected to lead the global wind power blades market during the forecast period, followed by 2MW-4MW and above 4MW segments. In terms of application, onshore wind power is expected to lead the global wind power blades market duringthe forecast period, followed by offshore wind power.
Product Definition:
Wind power blades are the parts of a wind turbine that capture the wind's energy. Wind power blades are typically made from fiberglass, carbon fiber, or other lightweight materials. They are important because they extract energy from the wind to turn the turbines and generate electricity.
Below 2MW:
Below 2MW size wind turbine is the one which can produce power up to 2 MW power. It has a main shaft with gearbox at the bottom end and generator at the top end. The main shaft carries out all rotational speed changes required to generate electricity. At present, there are not many below 2MW turbines operating in commercial markets as they were first installed more than ten years ago and have reached their End of Life (EOL).
2MW-4MW:
The 2MW-4MW is a type of wind turbine power blade which has a diameter between 200 to 400 feet and length of 60 to 90 feet. The blades are mounted on the main shaft which is driven by the gearbox. It rotates due to the wind's force, creating electricity using horizontal axis turbines. These products have become popular among consumers as they provide better performance in comparison with 1MW-3MW products and also help in reducing maintenance costs owing to their high quality.
Application Insights:
Onshore wind power accounted for the largest share of the global wind power blades market in 2017, owing to its lower installation cost and higher energy yield as compared to offshore. The segment is expected to continue leading over the forecast period owing to various factors such as government support & subsidies, low HAWP costs and improved grid connectivity.
The offshore segment is projected register a CAGR of XX% from 2018 to 2030 on account of economies of scale associated with larger project sizes, availability of bankable projects having an installed capacity above 500 MW and growing demand for clean electricity across industries such as oil & gas, healthcare etc.
Regional Analysis:
The Asia Pacific accounted for the largest revenue share in 2017. The region is anticipated to continue its dominance over the forecast period, with China being the major contributor to regional growth. China has set a target of establishing at least 20 new bases for wind power projects by 2020 and 60 more by 2030. These developments are expected to drive regional demand over the next eight years.
Europe was estimated as having been a significant market in 2017 owing to growing offshore wind farms across countries such as Germany, Denmark and U-Kraine among others which have increased installation of offshore turbines from 2016 levels (excluding islands) from 1 GW in 2015 up to 3 GW in 2018 In addition, several other factors such as favorable government policies.
Growth Factors:
- Increasing demand for wind power due to environmental concerns and the need for energy security
- Government policies and incentives supporting the growth of wind power
- Technological advancements making wind turbines more efficient and reliable
- Reduction in the cost of wind power generation due to economies of scale and technological advancements
- Growing awareness about the benefits of renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Power Blades Market Research Report
By Type
Below 2MW, 2MW-4MW, Above 4MW
By Application
Onshore Wind Power, Offshore Wind Power
By Companies
ACCIONA Windpower, Siemens, Sinoma, CGN, RED Blade, Graco Inc, Sandia Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Wind Power Blades Market Report Segments:
The global Wind Power Blades market is segmented on the basis of:
Types
Below 2MW, 2MW-4MW, Above 4MW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore Wind Power, Offshore Wind Power
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ACCIONA Windpower
- Siemens
- Sinoma
- CGN
- RED Blade
- Graco Inc
- Sandia Energy
Highlights of The Wind Power Blades Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 2MW
- 2MW-4MW
- Above 4MW
- By Application:
- Onshore Wind Power
- Offshore Wind Power
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wind Power Blades Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wind Power Blades is a wind turbine blade manufacturer.
Some of the major players in the wind power blades market are ACCIONA Windpower, Siemens, Sinoma, CGN, RED Blade, Graco Inc, Sandia Energy.
The wind power blades market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Power Blades Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wind Power Blades Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Power Blades Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wind Power Blades Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wind Power Blades Market Size & Forecast, 2018-2028
4.5.1 Wind Power Blades Market Size and Y-o-Y Growth
4.5.2 Wind Power Blades Market Absolute $ Opportunity
Chapter 5 Global Wind Power Blades Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wind Power Blades Market Size Forecast by Type
5.2.1 Below 2MW
5.2.2 2MW-4MW
5.2.3 Above 4MW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wind Power Blades Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wind Power Blades Market Size Forecast by Applications
6.2.1 Onshore Wind Power
6.2.2 Offshore Wind Power
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Power Blades Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wind Power Blades Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wind Power Blades Analysis and Forecast
9.1 Introduction
9.2 North America Wind Power Blades Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wind Power Blades Market Size Forecast by Type
9.6.1 Below 2MW
9.6.2 2MW-4MW
9.6.3 Above 4MW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wind Power Blades Market Size Forecast by Applications
9.10.1 Onshore Wind Power
9.10.2 Offshore Wind Power
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wind Power Blades Analysis and Forecast
10.1 Introduction
10.2 Europe Wind Power Blades Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wind Power Blades Market Size Forecast by Type
10.6.1 Below 2MW
10.6.2 2MW-4MW
10.6.3 Above 4MW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wind Power Blades Market Size Forecast by Applications
10.10.1 Onshore Wind Power
10.10.2 Offshore Wind Power
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wind Power Blades Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wind Power Blades Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wind Power Blades Market Size Forecast by Type
11.6.1 Below 2MW
11.6.2 2MW-4MW
11.6.3 Above 4MW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wind Power Blades Market Size Forecast by Applications
11.10.1 Onshore Wind Power
11.10.2 Offshore Wind Power
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wind Power Blades Analysis and Forecast
12.1 Introduction
12.2 Latin America Wind Power Blades Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wind Power Blades Market Size Forecast by Type
12.6.1 Below 2MW
12.6.2 2MW-4MW
12.6.3 Above 4MW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wind Power Blades Market Size Forecast by Applications
12.10.1 Onshore Wind Power
12.10.2 Offshore Wind Power
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wind Power Blades Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wind Power Blades Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wind Power Blades Market Size Forecast by Type
13.6.1 Below 2MW
13.6.2 2MW-4MW
13.6.3 Above 4MW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wind Power Blades Market Size Forecast by Applications
13.10.1 Onshore Wind Power
13.10.2 Offshore Wind Power
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wind Power Blades Market: Competitive Dashboard
14.2 Global Wind Power Blades Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ACCIONA Windpower
14.3.2 Siemens
14.3.3 Sinoma
14.3.4 CGN
14.3.5 RED Blade
14.3.6 Graco Inc
14.3.7 Sandia Energy
