0

Wind Turbine Rotor Blade Market by Application, Material, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40490
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

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. 

Market Overview

Wind-Turbine-Rotor-Blade-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Wind Turbine Rotor Blade Market

 Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • 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.
  • Vestas Wind System AS

 

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. 

Wind Turbine Rotor Blade Market: Key Drivers and Trends

  • The decline in the LCOE of wind energy has made wind power a feasible option for electricity generation.
  • The declining costs of wind turbines, decrease in operating and maintenance costs, the increasing heights of wind infrastructure, the low costs of financing, and the rising supply of turbines have reduced the LCOE of wind energy.
  • The growing electricity demand and the rising need to reduce carbon footprints is fueling the adoption of wind energy. 
  • The rising wind turbine installations is driving the wind turbine rotor blade market growth.
  • Offshore wind farms are experiencing rapid adoption, owing to better operational conditions compared with onshore wind farms.
  • Offshore wind farms allow the installation of huge turbines, which leads to higher outputs even with a smaller number of turbines.
  • There is a rise in the number of offshore wind farm installations because of factors such as high annual energy production (AEP). This is one of the key wind turbine rotor blade market trends.

 

Grab your Free Sample now to unlock further information on other key market drivers

Wind Turbine Rotor Blade Market: Segmentation by Geography

Wind-Turbine-Rotor-Blade-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

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. 

Wind Turbine Rotor Blade Market: Segmentation by Application

Wind-Turbine-Rotor-Blade-Market-Market-Share-by-Application-2020-2025

Request for a FREE sample and Get more information on the market contribution of various segments

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.

 

Event-Tickets-Market-Report

Request for a FREE sample

Wind Turbine Rotor Blade Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive wind turbine rotor blade market growth during the next five years
  • Precise estimation of the wind turbine rotor blade market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind turbine rotor blade industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wind turbine rotor blade market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Onshore - Market size and forecast 2020-2025
    • Offshore - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market segmentation by Material

    • Glass fiber
    • Carbon fiber
    • Others

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Competitive scenario
    • Vendor landscape
    • Landscape disruption
    • Industry risks

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.
    • Vestas Wind System AS

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your sample now!
    Wind Turbine Rotor Blade market growth will increase by $6971.33 million during 2020-2025.
    The wind turbine rotor blade market is expected to grow at a CAGR of 5.05% during 2020-2025.
    Technavio has segmented the wind turbine rotor blade market by application (Onshore and Offshore) and geographic (APAC, Europe, North America, MEA, and South America).
    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., Vestas Wind System AS are a few of the key vendors in the wind turbine rotor blade market.
    APAC will register the highest growth rate of 45.40% among the other regions. Therefore, the wind turbine rotor blade market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • UK
    • The Netherlands
    • Germany
    The key factors driving the wind turbine rotor blade market growth are:
    • Rising height and capacity of wind towers
    The wind turbine rotor blade market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
    • Off-the-shelf research reports
    • Reports can be tailored to meet the customer's needs
    • Trusted by more than 100 fortune 500 organizations
    • Information about the market's key drivers, trends, and challenges
    • Parent market analysis
    • Every week, 50,000 people visit our subscription platform
    • Detailed vendors report with competitive landscape
    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis

    Certified ISO 9001 : 2015

    We are ISO recognized

    We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

    We are GDPR and CCPA compliant

    We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

    Safe and Secure SSL Encrypted
    Technavio

    info
    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization)
      Complimentary Customization Included

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Customized Report as per your Business Needs

    • Our analysts will work directly with you and understand your needs
    • Get data on specified regions or segments, competitor and Vendors
    • Data will be formatted and presented as per your requirements
    • We offer $1000 worth of FREE customization at the time of purchase

    Let us help you make report more suited to your requirements.

    • Get a competitive breakdown as per your niche industry
    • Customize the data with various metrics that meet your business prerequisite
    • Understand Revenue Sources, Customers and many more
    • Details on Market Share
    • These customizations are done in a short amount of time by our analysts and industry experts
    Technavio
    Enquire Before Buying
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>