Wind Turbine Blade Market size was valued at USD 15.1 Bn. in 2022 and the total Wind Turbine Blade revenue is expected to grow at 20.8% from 2022 to 2029, reaching nearly US$ 68.47 Bn.
Wind Turbine Blade Market Overview
The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios & Industry benchmarks. The region wise consumer preference, market size & Industrial rivalry is also covered in detailed
Wind Turbine Blade Market Report Scope and Research Methodology
The Wind Turbine Blade Market size for individual segments were determined through various secondary sources including industry associations, white papers, and journals. Surveys, administering questionnaires and telephonic interviews with Wind Turbine Blade industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. The PESTLE analysis was used to understand the potential impact of the micro-economic and macro-economic factors affecting the Wind Turbine Blade Market.
Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Wind Turbine Blade market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Wind Turbine Blade market size, the bottom-up approach was used.
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Wind Turbine Blade Market Regional Insights
The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, trends, competition & adoption of technology region wise.
Wind Turbine Blade Market Segmentation
The Onshore Blade Segment, which accounted for the biggest market share by Application in 2021, is anticipated to continue to dominate the market at the end of the forecast period. Over the past five years, onshore wind turbine blade production capacity has decreased in industrialized countries due to wind turbine original equipment manufacturers (OEMs). In order to satisfy a regional market or worldwide demand cost-effectively, onshore blade manufacture, which is a labor-intensive technique, is becoming more established for markets outside of China. As a result, exports from countries including China, India, Mexico, and Turkey have increased.
The onshore market has undergone significant change over the past five years, including declining turbine prices (largely as a result of the switch to auctions, which typically yield lower prices than regulations like feed-in tariff rates) and diversification of demand outside of conventional markets like the EU. OEMs decreased the number of products they supplied in response to cost issues, enhanced modularity (so that similar components could be used across a variety of products), and shifted toward larger wind turbines and longer blades. Since they were no longer required to develop unique products for particular markets and could produce (or source) in greater quantities from a single location to benefit from economies of scale, these advancements allowed OEMs’ onshore blade production to evolve.
Wind Turbine Blade Market Key Players :
• LM Wind Power
• Vestas Wind Systems A/S
• Enercon GmbH
• Tecsis
• Siemens Gamesa Renewable Energy S.A
• CARBON ROTEC
• Acciona
• Nordex SE
• Inox Wind
• Suzlon Energy Limited
• TPI Composites
• Zhongfu Lianzhong
• Avic
• Sinoma
• TMT
• New United
• United power
• Mingyang
• XEMC New Energy
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Table Of content :
1. Global Wind Turbine Blade Market: Research Methodology
2. Global Wind Turbine Blade Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Wind Turbine Blade Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Wind Turbine Blade Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
4. Global Wind Turbine Blade Market Segmentation
4.1 Global Wind Turbine Blade Market, by Blade Material (2022-2029)
• Carbon Fiber
• Glass Fiber
• Other Blade Materials
4.2 Global Wind Turbine Blade Market, by Type (2022-2029)
• <1.5 MW • 1.5 MW • 1.5-2.0 MW • 2.0 MW • 2.0-3.0 MW • 3.0 MW • 3.0-5.0 MW • > 5.0 MW
4.3 Global Wind Turbine Blade Market, by Application (2022-2029)
• Offshore Wind Blade
• Onshore Wind Blade
4.4 Global Wind Turbine Blade Market, by Industry Vertical (2022-2029)
• Energy
• Plastics
• Composites
• Other
5. North America Wind Turbine Blade Market(2022-2029)
5.1 North America Wind Turbine Blade Market, by Blade Material (2022-2029)
• Carbon Fiber
• Glass Fiber
• Other Blade Materials
5.2 North America Wind Turbine Blade Market, by Type (2022-2029)
• <1.5 MW • 1.5 MW • 1.5-2.0 MW • 2.0 MW • 2.0-3.0 MW • 3.0 MW • 3.0-5.0 MW • > 5.0 MW
5.3 North America Wind Turbine Blade Market, by Application (2022-2029)
• Offshore Wind Blade
• Onshore Wind Blade
5.4 North America Wind Turbine Blade Market, by Industry Vertical (2022-2029)
• Energy
• Plastics
• Composites
• Other
5.5 North America Wind Turbine Blade Market, by Country (2022-2029)
• United States
• Canada
• Mexico
Key questions answered in the Wind Turbine Blade Market are:
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