Prominent industry participants are making significant investments in R&D to broaden their product offerings, contributing to the further expansion of the wind turbine blade market. In order to increase their market share, market players are also engaging in a variety of calculated strategic actions. Notable changes in the industry include the introduction of new products, contracts, mergers and acquisitions, increased investment, and cooperation with other businesses. In order to grow and thrive in an increasingly competitive and expanding market, the wind turbine blade business needs to provide affordable products.
One of the main business strategies used by manufacturers in the wind turbine blade industry to assist customers and expand the market sector is manufacturing locally to reduce operating costs. Leading companies in the wind turbine blade business, such as Gamesa Corporacion Tecnologica (Spain), Siemens AG (Germany), Acciona S.A. (Spain), Vestas Wind Systems (Denmark), and others, are making investments in R&D to try and increase market demand.
Research Methodology:
After secondary research provided a fundamental understanding of the worldwide Wind Turbine Rotor Blade Market scenario, extensive primary research was carried out. A number of primary interviews were carried out with industry experts from the supply and demand sides, including C- and D-level executives, product managers, and marketing and sales managers of major manufacturers, distributors, and channel partners from tier 1 and tier 2 companies offering Market, as well as personnel from academia, research, and CROs. These interviews were conducted across five major regions: North America, Europe, Asia Pacific, and the Rest of the World (Latin America & the Middle East & Africa). Participants from the supply-side and demand-side participated in about 70% and 30% of the primary interviews, respectively. Through the use of questionnaires, emails, online surveys, in-person interviews, and phone interviews, this main data was gathered. The primary participants share is given below:
The segmentation coverage of the study is provided below.
Wind Turbine Rotor Blade Market based on Material Type:
Wind Turbine Rotor Blade Market based on Size:
- Up-to 27 Meters
- 28-37 Meters
- 38-50 Meters
- More Than 50 Meters
Wind Turbine Rotor Blade Market based on Capacity:
- Less Than 2 MW
- 2 MW-5 MW
- 5 MW
Wind Turbine Rotor Blade Market based on Application:
Wind Turbine Rotor Blade Market based on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Glass fiber and carbon fiber are included in the market segmentation of wind turbine blades depending on type. Glass fiber made up 35 percent of the market and generated $6.53 billion in revenue, making it the dominant segment. Growing categories in developing countries are propelled by unique characteristics such increased rigidity, stability, and chemical resistance. But because of its extreme lightweight and excellent toughness, carbon fiber is expanding the fastest.
Based on size, the wind turbine blade market is divided into four segments: under 27 meters, 28–37 meters, 38–50 meters, and more than 50 meters. The category with more than 50 meters brought in the most money (70.4%). This is because it is less expensive and more efficient. The category with the fastest growth during the projection period is up to 27 meters, nevertheless. Changes in government policy and large investment are the main causes of this.
Based on capacity, the wind turbine blade market is divided into three segments: less than 2 MW, 2 MW–5 MW, and 5 MW. The market was dominated by the 2 MW–5 MW category, which allowed wind power to be used for a wider range of purposes, from large-scale industrial to small-scale residential. However, because of growing worries about the atmosphere and the use of fossil fuels, the 5 MW category is growing at the quickest rate.
Onshore and offshore are included in the market segmentation of wind turbine blades based on application. With 70.4% of total revenue, the offshore category produced the most. This is because more offshore turbines are being used, which has increased demand for wind turbine blades. On the other hand, during the course of the projection period, onshore will expand at the quickest rate, mostly because of the rising need for wind energy on land.
The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. Due to the region’s growing energy demand and growing usage of wind turbines, the wind turbine blade market in North America is expected to dominate during the forecast period. In addition, the market for wind turbine blades in the US had the most market share, while the market in Canada was expanding at the quickest rate among European markets.
Additionally, the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil are among the important nations examined in the market report.
Key Companies in the Wind Turbine Blade industry include TPI Composites Inc., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd, LM Wind Power, Nordex SE, Siemens Gamesa Renewable Energy S.A., Vestas Wind Systems A/S, MFG Wind, Sinoma wind power blade Co. Ltd, Aeris Energy, Suzlon Energy Limited, and Enercon GmbH.
- This report illustrates the most vital attributes of the Wind Turbine Rotor Blade Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Wind Turbine Rotor Blade Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Wind Turbine Rotor Blade Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Wind Turbine Rotor Blade Market.
List of Tables
TABLE 1. WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 2. WIND TURBINE ROTOR BLADE MARKET VALUE FOR GLASS FIBER, BY GEOGRAPHY , 2021-2030 (USD BILLION)
TABLE 3. WIND TURBINE ROTOR BLADE MARKET VALUE FOR CARBON FIBER, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. WIND TURBINE ROTOR BLADE MARKET VALUE, BY SIZE, 2021-2030 (USD BILLION)
TABLE 5. WIND TURBINE ROTOR BLADE MARKET VALUE FOR Up-to 27 Meters, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 6. WIND TURBINE ROTOR BLADE MARKET VALUE FOR 28-37 Meters, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 7. WIND TURBINE ROTOR BLADE MARKET VALUE FOR 38-50 Meters, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 8. WIND TURBINE ROTOR BLADE MARKET VALUE FOR More Than 50 Meters, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 9. WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 10. WIND TURBINE ROTOR BLADE MARKET VALUE FOR Less Than 2 MW, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 11. WIND TURBINE ROTOR BLADE MARKET VALUE FOR 2 MW-5 MW, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 12. WIND TURBINE ROTOR BLADE MARKET VALUE FOR 5 MW, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 13. WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 14. WIND TURBINE ROTOR BLADE MARKET VALUE FOR ONSHORE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 15. WIND TURBINE ROTOR BLADE MARKET VALUE FOR OFFSHORE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 16. NORTH AMERICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 17. NORTH AMERICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 18. NORTH AMERICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 19. NORTH AMERICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 20. U.S WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 21. U.S WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 22. U.S WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 23. CANADA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 24. CANADA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 25. CANADA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 26. MEXICO WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 27. MEXICO WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 28. MEXICO WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 29. EUROPE WIND TURBINE ROTOR BLADE MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 30. EUROPE WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 31. EUROPE WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 32. EUROPE WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 33. GERMANY WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 34. GERMANY WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 35. GERMANY WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 36. U.K WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 37. U.K WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 38. U.K WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 39. FRANCE WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 40. FRANCE WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 41. FRANCE WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 42. ITALY WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 43. ITALY WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 44. ITALY WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 45. SPAIN WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 46. SPAIN WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 47. SPAIN WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 48. ROE WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 49. ROE WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 50. ROE WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 51. ASIA PACIFIC WIND TURBINE ROTOR BLADE MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 52. ASIA PACIFIC WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 53. ASIA PACIFIC WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 54. ASIA PACIFIC WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 55. CHINA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 56. CHINA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 57. CHINA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 58. INDIA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 59. INDIA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 60. INDIA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 61. JAPAN WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 62. JAPAN WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 63. JAPAN WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 64. REST OF APAC WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 65. REST OF APAC WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 66. REST OF APAC WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 67. LATIN AMERICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 68. LATIN AMERICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 69. LATIN AMERICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 70. BRAZIL WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 71. BRAZIL WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 72. BRAZIL WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 73. ARGENTINA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 74. ARGENTINA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 75. ARGENTINA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 76. MIDDLE EAST AND AFRICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 77. MIDDLE EAST AND AFRICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 78. MIDDLE EAST AND AFRICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 79. SAUDI ARABIA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 80. SAUDI ARABIA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 81. SAUDI ARABIA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 82. UAE WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 83. UAE WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 84. UAE WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 85. REST OF MIDDLE EAST AND AFRICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY MATERIAL TYPE, 2021-2030 (USD BILLION)
TABLE 86. REST OF MIDDLE EAST AND AFRICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 87. REST OF MIDDLE EAST AND AFRICA WIND TURBINE ROTOR BLADE MARKET VALUE, BY CAPACITY, 2021-2030 (USD BILLION)
TABLE 88. LM WIND POWER : FINANCIALS
TABLE 89. LM WIND POWER : PRODUCTS & SERVICES
TABLE 90. LM WIND POWER : RECENT DEVELOPMENTS
TABLE 91. SIEMENS GAMESA RENEWABLE ENERGY: FINANCIALS
TABLE 92. SIEMENS GAMESA RENEWABLE ENERGY: PRODUCTS & SERVICES
TABLE 93. SIEMENS GAMESA RENEWABLE ENERGY: RECENT DEVELOPMENTS
TABLE 94. VESTAS WIND SYSTEMS A/S: FINANCIALS
TABLE 95. VESTAS WIND SYSTEMS A/S: PRODUCTS & SERVICES
TABLE 96. VESTAS WIND SYSTEMS A/S: RECENT DEVELOPMENTS
TABLE 97. GENERAL ELECTRIC COMPANY: FINANCIALS
TABLE 98. GENERAL ELECTRIC COMPANY: PRODUCTS & SERVICES
TABLE 99. GENERAL ELECTRIC COMPANY: RECENT DEVELOPMENTS
TABLE 100. SUZLON ENERGY LIMITED: FINANCIALS
TABLE 101. SUZLON ENERGY LIMITED: PRODUCTS & SERVICES
TABLE 102. SUZLON ENERGY LIMITED: RECENT DEVELOPMENTS
TABLE 103. TPI COMPOSITES INC.: FINANCIALS
TABLE 104. TPI COMPOSITES INC.: PRODUCTS & SERVICES
TABLE 105. TPI COMPOSITES INC.: RECENT DEVELOPMENTS
TABLE 106. ENERCON GMBH: FINANCIALS
TABLE 107. ENERCON GMBH: PRODUCTS & SERVICES
TABLE 108. ENERCON GMBH: DEVELOPMENTS
TABLE 109. NORDEX SE: FINANCIALS
TABLE 110. NORDEX SE: PRODUCTS & SERVICES
TABLE 111. NORDEX SE: RECENT DEVELOPMENTS
TABLE 112. ACCIONA S.A.: FINANCIALS
TABLE 113. ACCIONA S.A.: PRODUCTS & SERVICES
TABLE 114. ACCIONA S.A.: RECENT DEVELOPMENTS
TABLE 115. AVANGRID INC.: FINANCIALS
TABLE 116. AVANGRID INC.: PRODUCTS & SERVICES
TABLE 117. AVANGRID INC.: RECENT DEVELOPMENTS
