Market Overview:
The global wind turbine rotor blades market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and rising concerns about climate change and greenhouse gas emissions. In addition, government initiatives and subsidies for installation of wind turbines are also contributing to the growth of this market. The global wind turbine rotor blades market is segmented on the basis of type, application, and region. On the basis of type, it is divided into glass fiber-based blades and carbon fiber-based blades. Glass fiber-based rotor blades are more commonly used as they are cheaper as compared to carbon fiber-based ones; however, carbon fiber-based rotor blades have a longer life span than glass fiber ones and offer better performance in terms of weight savings and stiffness properties. Based on application, it is classified into offshore wind power generation and onshore wind power generation segments.
Product Definition:
Wind turbine rotor blades are the large, sweeping pieces of metal that catch the wind and turn a wind turbine. They are important because they are responsible for converting the kinetic energy of the wind into mechanical energy that can be used to power turbines or other devices.
Glass Fiber:
Glass fiber is a type of fiber that is made from silica and has high tensile strength. It can be used in various applications including reinforcing material for polymeric resins or as an ingredient in composites. Glass fibers are also being increasingly used to produce lightweight materials owing to their superior properties including low weight, high stiffness, and thermal stability.
Carbon Fiber:
Carbon fiber is a material made from carbon atoms that are bonded together in crystals. Carbon fibers are different than glass fibers as they have much more strength and durability. The most common type of carbon fiber used in products like fishing rods, bicycles, and sports equipment is called aramid fiber. The other types of carbon fibers include para-aramid fiber & hyper-thermoplastic polycarbonate Fiber (HTC).
Application Insights:
The offshore wind power generation segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to the fact that these turbines are installed on deep water bodies, far from land, providing benefits such as protection against extreme weather conditions and reduced interference from environmental concerns.
The onshore wind power generation segment is expected to witness substantial growth over the forecast period owing to increasing installations in countries such as China, India and Mexico due to supportive government policies for renewable energy sources including Feed-in Tariffs (FiT) and tax credits.
Regional Analysis:
North America accounted for the largest market share of over 35% in 2017. The region is characterized by a large number of wind farms, which have resulted in high product demand. For instance, as of November 2018, there were 1108 operational U.S. turbines with blades longer than 200 meters and 13 operational turbines with blades longer than 400 meters installed capacity across the country. In addition to this, according to IEEFA, as of January 2019; there are 997 operating wind power projects with a total installed capacity exceeding 300 MW across the country (U.S.).
Asia Pacific is expected to be one of the fastest-growing regions during forecast years owing to increasing government support for renewable energy generation coupled with growing electricity demand from developing economies such as China and India alongwith other Southeast Asian countries).
Growth Factors:
- Increasing demand for wind energy due to its environmental benefits over other forms of energy generation
- Government initiatives and subsidies for installation of wind turbines
- Technological advancements in rotor blade design and materials that improve performance and efficiency
- Rising prices of traditional fuels such as coal, oil, and natural gas
- Growing awareness about the potential of wind power to meet global energy needs
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Rotor Blades Market Research Report
By Type
Glass Fiber, Carbon Fiber
By Application
Offshore Wind Power Generation, Onshore Wind Power Generation
By Companies
China National Materials, Siemens(Gamesa), General Electric, Siemens, Sinoi, Suzlon Energy, Vestas Wind Systems, Acciona, Enercon, Nordex, China National Materials, SGL Rotec
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Rotor Blades Market Report Segments:
The global Wind Turbine Rotor Blades market is segmented on the basis of:
Types
Glass Fiber, Carbon Fiber
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
Offshore Wind Power Generation, Onshore Wind Power Generation
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:
- China National Materials
- Siemens(Gamesa)
- General Electric
- Siemens
- Sinoi
- Suzlon Energy
- Vestas Wind Systems
- Acciona
- Enercon
- Nordex
- China National Materials
- SGL Rotec
Highlights of The Wind Turbine Rotor 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:
- Glass Fiber
- Carbon Fiber
- By Application:
- Offshore Wind Power Generation
- Onshore Wind Power Generation
- 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 Turbine Rotor 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 turbine rotor blades are the large, spinning surfaces at the tips of a wind turbine's rotors. They convert wind energy into mechanical power by moving air through the blade's hub and then out to the rotor blades.
Some of the major companies in the wind turbine rotor blades market are China National Materials, Siemens(Gamesa), General Electric, Siemens, Sinoi, Suzlon Energy, Vestas Wind Systems, Acciona, Enercon, Nordex, China National Materials, SGL Rotec.
The wind turbine rotor blades market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Rotor 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 Turbine Rotor Blades Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Rotor 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 Turbine Rotor 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 Turbine Rotor Blades Market Size & Forecast, 2020-2028
4.5.1 Wind Turbine Rotor Blades Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Rotor Blades Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Glass Fiber
5.2.2 Carbon Fiber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Offshore Wind Power Generation
6.2.2 Onshore Wind Power Generation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Rotor 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 Turbine Rotor 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Glass Fiber
9.6.2 Carbon Fiber
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 Market Size Forecast by Applications
9.10.1 Offshore Wind Power Generation
9.10.2 Onshore Wind Power Generation
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Glass Fiber
10.6.2 Carbon Fiber
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 Market Size Forecast by Applications
10.10.1 Offshore Wind Power Generation
10.10.2 Onshore Wind Power Generation
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Glass Fiber
11.6.2 Carbon Fiber
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 Market Size Forecast by Applications
11.10.1 Offshore Wind Power Generation
11.10.2 Onshore Wind Power Generation
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Glass Fiber
12.6.2 Carbon Fiber
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 Market Size Forecast by Applications
12.10.1 Offshore Wind Power Generation
12.10.2 Onshore Wind Power Generation
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Glass Fiber
13.6.2 Carbon Fiber
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) Market Size Forecast by Applications
13.10.1 Offshore Wind Power Generation
13.10.2 Onshore Wind Power Generation
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 Turbine Rotor Blades Market: Competitive Dashboard
14.2 Global Wind Turbine Rotor Blades Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China National Materials
14.3.2 Siemens(Gamesa)
14.3.3 General Electric
14.3.4 Siemens
14.3.5 Sinoi
14.3.6 Suzlon Energy
14.3.7 Vestas Wind Systems
14.3.8 Acciona
14.3.9 Enercon
14.3.10 Nordex
14.3.11 China National Materials
14.3.12 SGL Rotec
