Wind Turbine Rotor Blade Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Wind Turbine Rotor Blade Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Energy & Mining | PPT format

Report Digest


Global Wind Turbine Rotor Blade Market: Overview 

Rotor blades are attached to the rotor and thus, form an important part of a wind turbine. The material of turbine rotor blades holds high significance as it provides the preferred density, stiffness, and fatigue life features to wind turbines. Material cost, reliability, and light weight are some of the factors imperative in material selection. Blades are usually made up of glass-reinforced plastic (GRP). The adoption of carbon fiber reinforced plastic (CFRP) and composites is estimated to gain traction in the forthcoming years as these are useful in reducing weight and cost up to a certain extent.  

Global Wind Turbine Rotor Blade Market: 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. The growing concerns regarding environmental stability coupled with the rising awareness about the environmental and economic advantages offered by wind power are prompting governments worldwide to pour funds into the development of wind turbines and their paraphernalia. 

Moreover, the falling cost of per kWh of wind energy is working in favor of the market. Growing emphasis on repowering and rapid technological advancements are also providing a fillip to the market. However, manufacturers need to focus towards addressing critical challenges such as difficulties in transportation and high development cost to capitalize on potential opportunities. 

Global Wind Turbine Rotor Blade Market: Market Potential 

As companies operating in the global wind turbine rotor blade market strive for enhancement in manufacturing capacities, mergers and acquisitions and geographical expansion are expected to be common trends in the market over forthcoming years. This, in turn, is likely to provide significant momentum to the global market. For instance, General Electric (GE) acquired Denmark-based LM Wind Power in October 2016 for US$1.65 bn and got it approved from the European Commission in March 2017. By acquiring its largest supplier of rotor blades, the deal is anticipated to help GE in in-source turbine blade design and manufacturing. Another case in point is Siemens, which in December 2016, inaugurated its new plant for in Hull, U.K. for offshore wind turbines, assembly, and logistics. 

Global Wind Turbine Rotor Blade Market: Region-wise Outlook 

The key segments studied in the report on the basis of geography are Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Asia Pacific will account for a substantial share in the revenue pie throughout the review period, owing to the burgeoning demand for electricity in emerging nations such as India and China along with the increasing government initiatives promoting the production of wind energy. 

Europe is anticipated to rise at a healthy pace during the same period. The demand for wind turbine rotor blades is expected to post a sharp rise, especially in Western Europe, due to the strong demand for technologically advanced turbines and the presence of favorable environmental conditions.  

Global Wind Turbine Rotor Blade Market: Competitive Landscape 

The abundance of wind power is rendering the global market for wind turbine rotor blade a high potential arena, which is attracting new players to venture into the market. This, in turn, is likely to trigger the competition in the market in the near future. In order to ensure minimum transportation costs and regulation compliance, prominent participants are trying to install their set-ups in proximity to their target markets. Some of the key companies operating in the global market for wind turbine rotor blade are LM Wind Power Group, Moog Inc., Blade Dynamics, Kemrock Industries And Exports Limited, Siemens AG, SGS SA, and TANG Energy.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?