Wind Turbine Rotor Blades Market Will Reach to USD 58.1 Billion by 2034, With a CAGR of 9.60%

Wind Turbine Rotor Blades Market Size was valued at USD 25.2 Billion in 2024 and is expected to reach USD 58.1 Billion by 2034, growing at a CAGR of 9.60%.

Wind turbine rotor blades market is expected to register lucrative growth over the forecast period. This is attributed to the increasing demand for electricity from wind sources as it is a free energy resource. Therefore, many industries are investing in wind turbine rotor blades, as there exists a pressing need to find an alternative source of energy considering the depletion of natural resources such as natural gas, fossil fuel, wood, and coal. Further, wind turbine technology is also acknowledged as a clean and environmentally friendly technology, as it does not emit carbon dioxide. Hence, the installation of wind turbine projects is in demand, which favors the market of wind turbine rotor blades market. Moreover, industrial development and innovation in the field of wind power generation are also expected to propel the wind turbine rotor blades market. 

Key Highlights:

• On 4th December, WindEurope and the European Chemical Industry Council joined forces to host a workshop in Brussels, which aimed to assess the chemical industry to support the wind industry.
• On 12th December 2018, according to the Russian Association of Wind Industry (RAWI), Vetas opened its blade production facility in Ulyanovsk. This unit is expected to produce more than 55 blades in 2019.  

Key Market Insights from the report:

The market report has been segmented on the basis of material, and region.

• By material, the glass fibers segment accounted for the majority share and is expected to dominate over the forecast.
• By application, the onshore segment is expected to dominate over the offshore segment and is expected to maintain its dominance over the forecast period.
• By region, the North America electric vehicle battery market accounted for a major revenue share of the global electric vehicle battery market and is further anticipated to maintain its dominance over the forecast period. The market in Europe accounted for the second-highest revenue share in 2018.

Browse 70 market data tables* and 37 figures* through 140 slides and in-depth TOC "Wind Turbine Rotor Blades Market Size, Share, By Material (Glass Fiber, and Carbon Fiber), By Application (Offshore Wind Power Generation, and Onshore Wind Power Generation) and By Region- Trends, Analysis, and Forecast till 2034".

Request a free sample of our research report @ https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/265

The key players operating the Wind Turbine Rotor Blade Market include TPI Composite, Nordex SE, Vestas Wind Systems A/S, Senvion S.A., LM Wind Power, Enercon GmbH, Siemens Wind Power, Carbon Rotec GmbH & Co. KG., and Sinomatech Wind Power Blade Co.

About Prophecy Market Insights

Prophecy Market Insights is a specialized market research, analytics, marketing and business strategy, and solutions company that offers strategic and tactical support to clients for making well-informed business decisions and identifying and achieving high-value opportunities in the target business area. Also, we help our client to address business challenges and provide the best possible solutions to overcome them and transform their business.

Contact Us:

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- [email protected]

Website- https://www.prophecymarketinsights.com