Wind Turbine Blade

Wind Turbine Blade Market is valued at USD 7.48 Billion in 2018 and expected to reach USD 13.10 Billion by 2025 with the CAGR of 8.34% over the forecast period. Increasing government initiatives on using renewable energy is driving the wind turbine blade market.

Scope of Wind Turbine Blade Market Report:
Wind turbine blades are airfoil shaped blades that utilizes wind energy to drive the rotor of a wind turbine. The design of the blade is such that, it allows the blade to exert lift force perpendicular to wind direction, which is the major driving force of wind turbine. These are the most critical part of wind turbine, as through these blades wind converted in to electricity. They are designed to be balanced and to tolerate high stress in order to decrease any amount of vibration that would cause the destruction of wind turbine. The aerodynamics design of blades is optimized in a thin blade design and the structural integrity of an oblique airfoil design increases the life expectancy and survival speed. The modern wind turbine blades have incorporated a twist along the length of blade for utilization of wind force optimally.

Global wind turbine blade market is segmented in to blade length, blade material and region. On the basis of blade length the wind turbine blade market is segmented in to below 45 meters, 45-60 meters and above 60 meters. On the basis of blade material, the market is segmented in to carbon fiber, glass fiber, and other blade materials. 

The regions covered in this wind turbine blade Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Oil Country Tubular Goods is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Wind Turbine Blade Market Reports:  Some major key players for global wind turbine blade market are TPI Composites SA, Vestas Wind Systems A/S, General Electric Company (LM Wind Power), Siemens Gamesa Renewable Energy SA, and Enercon GmbH. CARBON ROTEC, Acciona, Inox Windand others.

Key Benefits for WIND TURBINE BLADE Market Reports
• Global market report covers in-depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.

WIND TURBINE BLADE Market Segmentation:
By Blade length
• Below 45 meters
• 45-60 meters
• Above 60 meters 
By Area of Application
• Carbon Fiber
• Glass Fiber
• Other Blade Materials 

Increasing Government Initiatives on Using Renewable Energy is driving the Wind Turbine Blade Market: Due to its properties of providing lean energy without any emission during operation, wind energy has developed rapidly in previous years to become one of the most economically viable sources of renewable energy.  For example, the wind turbine installed capacity has increased from 7,600 MW in 1998 to 539,000 MW in 2018 according to Global Wind Energy Council (GWEC) which is expected to increase due to stress on using renewable energy, rising awareness of environmental safety and favorable government policies. According to estimation of International Energy Association (IEA), in 2050 15% to 18% of global electricity will be produced worldwide which shows the future opportunity of the wind blade market. Wind energy is one of the cheapest forms of electricity in markets, for which installation of wind capacity surpassed new fossil fuel capacity in many developed and emerging countries which signifies the increasing demand of wind blades globally.  However factors such as high cost of transporting blades and high competition from alternative energy sources is restraining the wind turbine blade market. Other factors such as innovation of new solutions, hybrid & co-located projects, new forms of financing and asset ownership, offshore growth and floating wind are creating more opportunities for the wind turbine blade market to grow. 

Asia Pacific is expected to dominate the Wind Turbine Blade Market: Asia Pacific is dominating the wind turbine market with largest share and China is leading the wind generation globally. The onshore market of China installed 21.2 GW in 2018 and has been the leading market since 2008. With 206 GW capacities at the end of 2018, China is the first market to surpass 200GW of total installed capacity. North America is second largest wind turbine market with USA showing promising growth rate in this sector. USA is the second largest wind generation country after China, with 7.6 GW of new onshore installation in 2018 due to the driving factors such as Production Tax Credit (PTC) and increasing competition of onshore wind energy. Europe is also achieving significant growth in wind blade market as Germany is the third largest wind generation country with 2.4 GW installations in 2018.  As the European Union seeks to achieve 20% of its energy needs from renewables by 2020, the wind blade market has significant opportunity to expand its business in this region in future. Other than that positive developments came from Mexico with 0.9 GW of new installations in 2018 and Africa/Middle East also increased to 0.9 GW with Egypt and Kenya as leading markets according to GWEC

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
• Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?

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