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The wind turbine rotor blade market size has the potential to grow by USD 6.97 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.05%.
This report provides a detailed analysis of the market by application (onshore and offshore), material (glass fiber, carbon fiber, and others), and geography (APAC, Europe, North America, MEA, and South America), and key vendors.
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The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The wind turbine rotor blade market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as decreasing LCOE of wind energy to achieve growth opportunities. However, factors such as competition from alternative sources of energy will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the wind turbine rotor blade market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This wind turbine rotor blade market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
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45% of the market’s growth will originate from APAC during the forecast period. China is a key market for wind turbine rotor blades in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.
The new wind capacity additions will facilitate the wind turbine rotor blade market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The onshore segment of the wind turbine rotor blade market is primarily driven by the declining LCOE of wind power globally. Favorable regulatory policies to promote onshore wind power development will also augment the growth of the onshore segment of the wind turbine rotor blade market during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the wind turbine rotor blade market size.
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Wind Turbine Rotor Blade Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2021-2025 |
$ 6.97 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.37 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 45% |
Key consumer countries |
China, US, UK, The Netherlands, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Acciona SA, General Electric Co., Mingyang Smart Energy Group Co. Ltd., SANY Group Co. Ltd., Senvion SA, Siemens Gamesa Renewable Energy SA, Suzlon Energy Ltd., TPI Composites Inc., UNISON Co, ltd., and Vestas Wind System AS |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market segmentation by Material
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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