Wind Turbine Rotor Blades Market, By Material (Glass Fiber, and Carbon Fiber), By Application (Offshore Wind Power Generation, and Onshore Wind Power Generation) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI26519 | Publish Date: February 2024 | No. of Pages: 145

Global Wind Turbine Rotor Blades Overview

Introduction

Wind Turbine Rotor Blades Market was valued at US$ 25.2 Billion in 2024 and is projected to grow at a CAGR of 9.60% to reach US$ 58.1 Billion by 2034.

The power has been extracted from the wind over hundreds of years with historic designs, known as windmills, initially constructed from wood, cloth and stone for the purpose of pumping water or grinding corn. Nowadays generating electricity from wind is now firmly established as a mainstream source for power generation. 

The wind turbine rotor blades market is driven by advancements in technologies and the significant reduction in the cost of generation and associated risks. Further, rising environmental concerns and economic advantages of the wind power is expected to propel the market of wind turbine rotor blades market. 

However, the construction cost and installation cost of wind turbines may also increase depending on the load factor and capacity factor of the turbines, which may hamper the wind turbine rotor blades market. 

The global wind turbine rotor market is segmented on the basis of material and region.

On the basis of material type, the global wind turbine rotor blades market is segmented into glass fiber, and carbon fiber. The material of turbine rotor blades is of high importance as it provides the desired stiffness, density and fatigue life features to wind turbines. 

On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The wind turbine rotor blades market in North America accounted for highest revenue share, in 2018 and is expected to maintain its dominance over the forecast period. The developed infrastructure network and awareness regarding pollution is expected to drive the global wind turbine rotor blades market.  

Key players operating in the global wind turbine rotor blades market includes 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. 

 

Global Wind Turbine Rotor Blades Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Material Type
      • Market Snippet, By Blade Size
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Recent Approvals
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Wind Turbine Rotor Blade Market, By Material Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Glass Fiber
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Carbon Fiber
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Wind Turbine Rotor Blade Market, By Blade Size, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • < 27 Meter
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • 27-37 Meter
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • 38-50 Meter
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • > 50 Meter
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Wind Turbine Rotor Blade Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Blade Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Blade Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Blade Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Blade Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Blade Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • TPI Composites Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Senvion SA
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • General Electric Company
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Nordex SE
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Siemens Gamesa Renewable Energy SA
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Vestas Wind Systems A/S
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • CARBON ROTEC GmbH & Co KG
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Molded Fiber Glass Companies (MFG)
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Tecsis GmbH
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Sinomatech Wind Power Blade Co. Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  8. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The market accounted for US$ 58.1 Billion by 2034 and is projected to register a lucrative CAGR of 9.60%

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

The Wind Turbine Rotor Blades Market is driven by factors such as the increasing demand for renewable energy sources, global efforts to reduce carbon emissions, advancements in wind turbine technology, and the growing wind energy capacity worldwide.

logistical issues in transporting large rotor blades, concerns about the environmental impact of blade disposal, fluctuations in government policies and incentives for renewable energy, and the intermittency of wind as a power source. These factors act as potential restraints for the Wind Turbine Rotor Blades Market globally.

North America, Europe, Asia-Pacific, and Latin America. The dominance of a region can vary based on factors such as wind energy investments, government policies supporting renewable energy, and geographic suitability for wind farms. Currently, regions like Europe, particularly Germany and Denmark, are significant players in the wind energy market. However, market dynamics can change, so it's essential to refer to the specific market research report for the latest insights or consult industry experts familiar with the latest market trends.

The prominent player operating in the global wind turbine rotor market includes 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.