Global Wind Turbine Rotor Blade Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global wind turbine rotor blade market in its upcoming report titled, “Global Wind Turbine Rotor Blade Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global wind turbine rotor blade market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global wind turbine rotor blade market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global wind turbine rotor blade market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wind turbine rotor blade market report has been segmented on the basis of material type, blade size, location, and region.
Turbines that generate electricity with help of winds are referred to as wind turbines. These turbines work by converting kinetic energy generated from spinning motion of rotor blades into electrical energy. Wind energy is commonly referred to as a clean, renewable, and easily available source of energy, having no adverse effect on environment. Wind turbines come in various configurations and sizes, and can be built from a range of different materials. 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.
Rising demand for renewable sources of energy, coupled with increasing application of offshore wind turbines are key factors driving growth of the global wind turbine rotor blade market. 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.
Also, economic advantages of wind turbines, and advancements in rotor blades are prompting investments by governments and private organizations with a view to set-up wind turbine technologies in emerging economies. This is another factor expected to aid in growth of the global rotor blade market to a significant extent over the forecast period.
However, high costs associated with R&D, and problems during transportation are major factors restraining growth of the global wind turbine rotor blade market. Additionally, availability of alternative energy generation sources such as solar, and fuel are other factors anticipated to hamper growth of the global wind turbine rotor blade market over the forecast period.
Rising demand for offshore wind turbines and carbon fiber rotor blades due to its lightweight and high strength properties are major opportunities for prominent players in the market.
Currently, the market in Asia Pacific dominates the global wind turbine rotor blade market in revenue terms owing to high adoption of wind turbines, coupled with growing energy demand from emerging economies such as China and India. The market in Europe is expected to witness significant growth in the global wind turbine rotor blade market, followed by markets in North America, Latin America, and Middle East & Africa respectively.
Global wind turbine rotor blade market segmentation by material type:
- Carbon Fiber
Global wind turbine rotor blade market segmentation by blade length:
- <27 meter
- 27-37 meter
- 38-50 meter
- >50 meter
Global wind turbine rotor blade market segmentation by location:
Global wind turbine rotor blade market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Siemens Gamesa Renewable Energy
- Vestas Wind System AS
- Suzlon Energy Limited
- Acciona S.A.
- Gamesa Corporacion Tecnologica
- Enercon GmbH
- LM Wind Power
- Molded Fiber Glass Companies
- Nordex SE
- TPI Composites
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