Key Trends The increasing global population and improving economic conditions in several parts of the world are among the key stimulants of the global market for wind turbine rotor blade. This section of the report subsequently contains information about the global wind energy cumulative installed capacity, DNV GL standards for wind turbine rotor blades and a list of recent patents in the field of wind turbines.
The governments across the globe, are trying to increase the share of wind in the renewable energy mix, which is likely to supplement the demand for wind turbines. InAsia-Pacific is expected to be the largest market for wind turbine rotor blade and is estimated to grow at the highest CAGR.
This competition landscape is the most important section of the report as it imparts a deep understanding of the leading companies operating in the global wind turbine rotor blade market and is valuable for new entrants in the field to get a learning about how the companies are leading this lucrative market and also for the established market players in order to get a better understanding about their competitors.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. In a bid to deal with extreme conditions on offshore farms, foldable rotor blades, ones that mimic palm trees, are steadily witnessing an uptick in demand.
However, on the other hand, solar panels are shrinking in size, due to improvements in their technological efficiency. In addition, improving economic conditions in most parts of the world, stringent environment regulations are other factors anticipated to boost in growth of the global wind turbine rotor blades market over the forecast period.
It also identifies the driving forces and restraining factors for the wind turbine rotor blade market, highlighting the latest trends and identifying opportunities. Correspondingly, it contains wind turbine rotor blade table of figures and contents which delivers transparent vision about wind turbine rotor blade report.
These sections contain important information like Basis Point Share analysis, year-on-year growth rates, absolute dollar opportunity and the global wind turbine rotor blade market attractiveness index for each of the segments.
The market is anticipated to grow at a CAGR of The increasing off-shore applications are leading to rising demand for wind turbines, which in turn is driving the growth of the global turbine rotor blade market.
The demand for wind turbine rotor blades is estimated to increase, particularly in Western Europe, owing to the high acceptance of technologically advanced turbines and presence of conducive environmental conditions.
Likewise, it focuses on production, price, and wind turbine rotor blade revenue. The use of carbon fiber in blade manufacturing is growing at a fast pace as blade sizes tend to get larger than ever.
Similar huge investments are also expected to be scaled up in countries, such as South Korea and Japan, which would further supplement the demand for wind turbine installation in the region, during the forecast period. The rotor blades required for such harsh offshore environments require more technological advancements in terms of design and build.
Also, it depicts granular analysis of the wind turbine rotor blade compelling approach taken up by the major players. Feed-in-tariffs and generation-based incentives enticing venture capitalists to invest in this fledgling market.
This, in turn, is likely to trigger the competition in the market in the near future. Key trends shaping the global wind turbine rotor blade market include, Growing preference for long rotor blades: The leading wind turbine rotor blade manufacturers are focusing on the emerging countries that are estimated to show potential demand for wind power generation in the near future.
The material of turbine rotor blades holds high significance as it provides the preferred density, stiffness, and fatigue life features to wind turbines. Likewise, the study offers, in detail outline of the important wind turbine rotor blade segments that break the market.
These factors will create a positive impact on the demand for wind turbine rotor blades, as they are an essential component in wind power projects.
Technological advancements and repowering of old projects are providing significant growth opportunities to the market.
Emphasis on wind energy is also expected to receive a fillip from the long-term target adopted by Climate Change Conference of the Parties COP This is positively impacting the growth of the global wind turbine rotor blade market.
The study consolidates comprehensive analysis of the wind turbine rotor blade market environment and its influence on the revenue growth.
Rotor blades are essential components of a wind turbine, and efficiency of the wind turbine is directly dependent on material used for rotor blade, angle of incline, and shape of the blade. Asia-Pacific - To Register High Growth The Asia-Pacific region is ramping up its wind energy production, to meet up with its growing energy needs, limit smog-causing pollution from coal plants, and act on climate change.
However, the market is required to handle critical challenges such as difficulty in transportation to fully capitalize on potential opportunities The blade sizes covered in the report range from smaller than 27 meters to 50 meters and above.
The material of turbine rotor blades is of high importance as it provides the desired stiffness, density, and fatigue life features to wind turbines.The use of carbon fiber is expected to grow at a fast rate as the trend for larger blade sizes takes a firm hold in the global market.
The wind turbine rotor blade market to reach a value of $16, and it is projected to grow at a CAGR of % from to After the market taxonomy section, there is a section of the report devoted to the global wind turbine rotor blade market analysis scenario, which analyzes all the regions as given in the market taxonomy and lists the fastest growing and the largest regional market for wind turbine rotor blades.
What are the market opportunities and threats faced by the vendors in the Global Wind Turbine Rotor Blade Market? Get in-depth details about factors influencing the market shares of the important regions like United States, Asia-Pacific, United Kingdom, France & Germany?
The report “Global Wind Turbine Rotor Blade Market by Testing, Material, Blade Size, Regulations & Outlook ( – )” has different chapters on regional analysis, materials, and blade testing.
Global Wind Turbine Rotor Market: Overview. Wind is an important part of the present-day global renewable energy scenario and with the increasing focus on minimum dependence on fossil fuels, reliance on wind is expected to rise in the foreseeable mi-centre.comon: State Tower, 90 State Street, SuiteAlbany, The global wind turbine rotor blade market is expected to surpass US$ 7 Bn in revenues by end.
The market is anticipated to grow at a CAGR of % during the period and reach nearly US$ 33 Bn in revenues.Download