Wind Turbine Rotor Blade Market Growth, Size, Share and Forecast

According to Stratistics MRC, the Global Wind Turbine Rotor Blade market is accounted for $11.92 billion in 2015 and is expected to reach $24.56 billion by 2022 growing at a CAGR of 10.8% during the forecast period. Rising population, low cost power generation and developing economies are the key factors fueling the market growth. On the other hand high initial investment required for initial setup is hampering the market. Growth in energy sector is generating opportunities in the market. But shipment of rotor blades poses a major challenge for the market.

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The Carbon Fiber market is expected to grow faster among the materials segment driven by its reduced weight and increase stiffness to the blades generating more amount of power. Asia Pacific accounted for the largest share in the market. As developing countries such as India and china have the highest installations of wind turbines for power generation, it is expected to grow at the highest CAGR during the forecast period.

Some of the key players in the market include Suzlon Energy Limited, General Electric Company, Powerblades GMBH, Molded Fiber Glass Companies, Zhong Hang (Baoding) Huiteng Windpower Equipment Co. Ltd, LM Wind Power, Gamesa S.A., Aeris Energy, Siemens AG, SGL Rotec GMBH & Co. KG, China National Materials Company Limited (Sinoma), TPI Composites, Inc., Sinomatech Wind Power Blade Co. Ltd, Vestas Wind Systems A/S, Nordex S.E., Goldwind Acciona, S.A, MFG, Sinoi GMBH and Enercon GMBH.

Material Types Covered:

Glass Fiber

Carbon Fiber

Applications Covered:

Onshore

Offshore

Blade lengths Covered: