"Actionable Insights to Fuel Your Growth"

Wind turbine blade Market Size, Share & Industry Analysis, By Material (Carbon Fiber, Glass Fiber, Others), By Blade Size (Up to 27 Meter, 28-37 Meter, 38-50 Meter, Above 50 Meter), By Application (Onshore, Offshore) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI101464 | Status : Ongoing

 

KEY MARKET INSIGHTS

Electrical energy is the basic need today, and its demand is increasing all over the world. Also, the need for an alternate source for energy has gained importance, and as wind energy is renewable energy backed with the government's ambitious green energy targets, it has become a significant attraction for investors. Over the last decade countries like China, USA, Germany, and India have come up as wind powerhouses and increased the production of electricity by wind energy which in turn has helped the wind turbine blade market to grow.


On the basis of material, the wind turbine blade market can be segmented into carbon fiber, glass fiber, and other material. Based on blade size, the market is bifurcated into up to 27 meter, 28-37 meter, 38-50 meter, and above 50 meters. On the basis of application, global wind turbine blade market is segmented by onshore and offshore locations. 


To gain extensive insights into the market, Request for Customization

  


The major market driver for the global wind turbine blade market is the increasing demand for clean energy around the world. Many Countries are now shifting towards the sources of clean energy. With the provision of government incentives and tax rebates over the installation of wind farms, wind  energy is one of the most adopted amongst the available renewable sources.


The key market restraint for the global wind turbine blade market is the high cost of installation of the wind turbine. Also, the wind turbine requires periodic repair and maintenance of parts and outer structure, which increases the overall cost of the system.


Key Players Covered


Some of the major companies that are present in the wind turbine blade market are GE, Siemens Energy, MFG Wind, Arkema, Suzlon Group, ENERCON Gmb, Vestas, Tecsis – Tecnologia E Sistemas Avançados, TPI Composites, Inc, Carbon Rotec, ACCIONA, and Inox Wind.    


Segmentation


























 ATTRIBUTE


 DETAILS

By Material




  • Carbon Fiber

  • Glass Fiber

  • Others



By Blade Size




  • Up to 27 Meter

  • 28-37 Meter

  • 38-50 Meter

  • Above 50 Meter



By Application




  • Onshore

  • Offshore



By Geography




  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)



Regional Analysis


The global wind turbine blade market has now been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. China has the largest installed capacity of wind energy and has over the one-third capacity of the world. China has the world’s largest onshore wind farm. The USA has the second-largest installed capacity and houses 6 of the world’s 10 largest onshore wind farms. Germany stands third in the production of wind energy and has the world’s largest offshore wind facility. India is the fourth-largest producer of electricity harnessing the winds. Spain, UK, France, and Italy are ranked fifth, sixth, seventh and tenth respectively amongst the world’s largest wind energy producer. Canada ranks eighth while Brazil ranks ninth in the list of top 10 wind energy producer. Europe is the world leader in wind energy production and has utilized maximum potential of wind energy. Although some European countries do not feature on the list of top wind energy producers, wind energy satisfies the energy requirements of the individual countries. Sometimes production exceeds the demand in few European countries which has enabled export of renewable energy. Through the Renewable Directive of European Union is promoting production by means of renewable means. Middle-East and Africa have the largest potential for wind energy installations. Asia-Pacific and Latin American region also have the sizeable untapped potential of wind energy.


Key Industry Developments



  • In August 2019, Montenegro’s Ministry of Economy has launched tendering for a long-term lease to state land for the construction of a wind farm with a minimum installed capacity of 70 MW on the Brajići locality in the municipalities of Budva and Bar.

  • By the end of 2019, Mexico is expected to 10 additional operational wind power plants to produce electricity. It is expected to increase the installed capacity of Mexico by 800 MW to 1.2 GW.

  • In August 2019, major Turkish wind power plant investor, Borusan EnBW Energy has announced plans to build 10 new renewable energy plants in Sivas, Malatya, Hatay, Mersin, Edirne, Afyon and Manisa, of Turkey, increasing its total capacity by 600 megawatts (MW) approximately. 


Wind turbine blade Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Caterpillar
The Japan Research
Hitachi
Fujifilm
Abb

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X