HOME Top Market Reports Wind Turbine Rotor Blade Market by Material (Glass Fiber, Carbon Fiber), by Blade Size (<27 Meter, 27-37 Meter, 38-50 Meter, and >50 Meter) and Geography - Global Trends and Forecasts to 2019

Wind Turbine Rotor Blade Market by Material (Glass Fiber, Carbon Fiber), by Blade Size (<27 Meter, 27-37 Meter, 38-50 Meter, and >50 Meter) and Geography - Global Trends and Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: December 2014
Report Code: EP 2989

 

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The use of carbon fiber is expected to grow at a fast rate as the trend for larger blade sizes takes a firm hold in the global market. The wind turbine rotor blade market is projected to grow at a CAGR of 9.2% from 2014 to 2019. In 2014, the market was dominated by Asia-Pacific, which had more than 54% of the total installed blades in the world. The region is projected to remain the most attractive market through to 2019, even as South America along with the Middle East and Africa are set to witness promising growth rates.

The market was segmented on the basis of material type, blade length, and region in terms of volume and value. The market segments by material type include carbon fiber and glass fiber. The market segments for blade lengths include <27 meter, 27-37 meter, 38-50 meter, and >50 meter blades. The regional segmentation includes market volume and value for Asia-Pacific, North America, Europe, the Middle East and Africa, and South America.

The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past three years. Market drivers, restraints, and opportunities of the market are discussed in detail. The leading players in the market such Siemens AG (Germany), Vestas Wind System AS (Denmark), Suzlon Energy Limited (India), Acciona S.A. (Spain), and Gamesa Corporacion Tecnologica (Spain) have been profiled in this report.

Favorable policy environment and declining cost of wind energy generation are propelling the growth of wind turbine rotor blade. A combination of environmental concerns and economic advantages has led governments across the world to support the renewable energy industry. Although costs for generating wind power have been falling over the years, the capital costs involved in setting up a functional wind power project still remain high. Apart from construction and installation of wind turbines, costs may also increase, depending on the load factor and capacity factor of the turbines, which vary from according to the location of the project and the quality of wind resource.

Wind Turbine Rotor Market Size, by Region 2014-2019 (No. of Units)

Wind Turbine Rotor Blade Market

Source: MarketsandMarkets Analysis

In 2014, Asia-Pacific is estimated to be the largest market for wind turbine rotor blades and is expected to remain so in 2014. The key players of wind turbine rotor blade market undertake various agreements, contracts, joint ventures, and partnerships to increase their share in the market. The leading turbine blade manufacturers are trying to locate their facilities closer to their target markets in order to reduce transportation costs and meet regulatory conditions.

Scope of the Report

This report focuses on the wind turbine rotor blade market. The market was segmented on the basis of material types, blade lengths, and regions.

On the basis of material type

  • Carbon Fiber
  • Glass Fiber

On the basis of blade lengths

  • <27 meter
  • 27-37 meter
  • 38-50 meter
  • >50 meter

On the basis of region

  • Asia-Pacific
  • North America
  • Europe
  • Middle East and Africa
  • South America

Table of Contents 
 
1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Year
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Markets Covered
    1.8 Stakeholders

2 Research Methodoloy (Page No. - 17)
    2.1 Intr0duction
    2.2 Market Size Estimation
    2.3 Breakdown of Primary Interviews
    2.4 Market Breakdown and Data Triangulation
    2.5 Market Share Estimation
          2.5.1 Key Data From Secondary Sources
          2.5.2 Key Data From Primary Sources
          2.5.3 Asssumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in offshore Wind Power Generation
    4.2 Wind Turbine Rotor Blade Market, By Blade Length
    4.3 Wind Turbine Rotor Blade Market in Asia-Pacific
    4.4 Asia-Pacific to Account for More Than Half of the Market Share
    4.5 Wind Turbine Rotor Blade Market: Developed vs. Developing Nations
    4.6 Wind Turbine Rotor Blade Market, By Blade Length (2014-2019)
    4.7 Wind Turbine Rotor Blade Market, By Blade Length
    4.8 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Global Wind Energy Scenario
    5.2 Market Segmentation
          5.2.1 Wind Turbine Rotor Blade Market, By Materials
          5.2.2 Wind Turbine Rotor Blade Market, By Blade Length
          5.2.3 Wind Turbine Rotor Blade Market By Region
    5.3 Market Dynamics
          5.3.1 Drivers
                   5.3.1.1 Favorable Policy Environment
                   5.3.1.2 Declining Costs of Wind Energy Generation
          5.3.2 Restraints
                   5.3.2.1 High Capital Investment
                   5.3.2.2 Use of Expensive Material
          5.3.3 Opportunities
                   5.3.3.1 Future Growth in Wind Energy Sector
                   5.3.3.2 Repowering Old Projects
                   5.3.3.3 Increasing Size of Rotor Blades
          5.3.4 Challenges
                   5.3.4.1 Localized Regulatory Hurdles
                   5.3.4.2 Opposition From Local Communities and Energy Lobbies
                   5.3.4.3 Transportation of Rotor Blades
                   5.3.4.4 Variability in Wind Speeds

6 Industry Trends (Page No. - 55)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
          6.2.1 Threat From New Entrants
          6.2.2 Threat of Substitutes
          6.2.3 Bargaining Power of Suppliers
          6.2.4 Bargaining Power of Buyers
          6.2.5 Intensity of Rivalry

7 Wind Turbine Blade Market, By Material (Page No. - 62)
    7.1 Introduction
    7.2 Wind Turbine Market Size, By Blade Material, 2012–2019 ($Million)
    7.3 Wind Turbine Blade Market Size), By Material, 2012–2019 (Metric Tons)
    7.4 Glass Fiber
          7.4.1 Glass Fiber Material Market Size, By Region, 2012–2019 ($Million)
          7.4.2 Glass Fiber Material Market Size, By Region, 2012–2019 (Metric Tons)
    7.5 Carbon Fiber
          7.5.1 Carbon Fiber Material Market Size, By Region, 2012–2019 ($Million)
          7.5.2 Carbon Fiber Material Market Size, By Region, 2012–2019 (Metric Tons)
    7.6 Middle East & Africa
    7.7 Asia-Pacific
    7.8 Europe
    7.9 North America
    7.10 South America

8 Wind Turbine Blade Market, By Blade Length (Page No. - 76)
    8.1 Introduction
    8.2 Wind Turbine Blade Market, By Blade Length
    8.3 Wind Turbine Blade Market, By Blade Length
    8.4 Wind Turbine Blade Length Market, By Region
          8.4.1 Less Than27 Meter Wind Turbine Blade Length Market, By Region
          8.4.2 Between 27-37 Meter Wind Turbine Blade Length Market, By Region
          8.4.3 Between 38-50 Meter Wind Turbine Blade Length Market, By Region
          8.4.4 Greater Than 50 Meters Wind Turbine Blade Length Market, By Region
    8.5 Region-Wise Wind Turbine Blade Market, By Blade Length
          8.5.1 Middle East and African Wind Turbine Blade Market, By Blade Length
          8.5.2 Asian Wind Turbine Blade Market, By Blade Length
          8.5.3 European Wind Turbine Blade Market, By Blade Length
          8.5.4 North American Wind Turbine Blade Market, By Blade Length
          8.5.5 South American Wind Turbine Blade Market, By Blade Length

9 Wind Turbine Rotor Blade Market, Byregion (Page No. - 93)
    9.1 Introduction
    9.2 Wind Turbine Blade Market, Byregion, 2012–2019 ($Million)
    9.3 Cumulative Wind Energy Market Size, By Region, 2012-2019 (MW)
    9.4 Wind Turbine Blade Market Size, By Region, 2012–2019 (Number of Blades)
    9.5 Middle East & Africa
          9.5.1 Overview
          9.5.2 Middle East & Africa Wind Turbine Blade Market
                   9.5.2.1 South Africa
                   9.5.2.2 Others
    9.6 Asia-Pacific
          9.6.1 Overview
          9.6.2 Asia-Pacific Wind Turbine Blade  Market, By Country
                   9.6.2.1 China
                   9.6.2.2 India
                   9.6.2.3 Australia
                   9.6.2.4 Others
    9.7 Europe
          9.7.1 Overview
          9.7.2 European Wind Turbine Blade  Market, By Country
                   9.7.2.1 Germany
                   9.7.2.2 Spain
                   9.7.2.3 U.K.
                   9.7.2.4 Others
    9.8 North America
          9.8.1 Overview
          9.8.2 North American Wind Turbine Blade Market
                   9.8.2.1 U.S.
                   9.8.2.2 Others
    9.9 South America
          9.9.1 Overview
          9.9.2 South American Wind Turbine Blade Market
                   9.9.2.1 Brazil
                   9.9.2.2 Others

10 Competitive Landscape (Page No. - 127)
     10.1 Overview
     10.2 Contracts and AGreements
     10.3 New Product/Service Development
     10.4 Expansion
     10.5 Mergers & Acquisitions
     10.6 Other Developments

11 Company Profiles (Page No. - 165)
     11.1 Acciona, S.A
             11.1.1 Business Overview
             11.1.2 Products & Services
             11.1.3 Key Strategy
             11.1.4 Developments
             11.1.5 SWOT Analysis
             11.1.6 MNM View
     11.2 Enercon GMBH
             11.2.1 Business Overview
             11.2.2 Products & Services
             11.2.3 Key Strategy
             11.2.4 Developments
     11.3 Gamesa
             11.3.1 Business Overview
             11.3.2 Products & Services
             11.3.3 Key Strategy
             11.3.4 Developments
             11.3.5 SWOT Analysis
             11.3.6 MNM View
     11.4 Nordex S.E.
             11.4.1 Business Overview
             11.4.2 Products & Services
             11.4.3 Key Strategy
             11.4.4 Recent Developments
     11.5 Powerblades GMBH
             11.5.1 Business Overview
             11.5.2 Products & Services
             11.5.3 Key Strategy
             11.5.4 Recent Developments
     11.6 SGL Rotec GMBH & Co. Kg (Carbon Rotec)
             11.6.1 Business Overview
             11.6.2 Products & Services
             11.6.3 Key Strategy
             11.6.4 Recent Developments
     11.7 Siemens AG
             11.7.1 Introduction
             11.7.2 Products & Services
             11.7.3 Key Strategy
             11.7.4 Developments
             11.7.5 SWOT Analysis
             11.7.6 MNM View
     11.8 Sinoi GMBH
             11.8.1 Introduction
             11.8.2 Products & Services
             11.8.3 Key Strategy
             11.8.4 Developments
             11.8.5 SWOT Analysis
             11.8.6 MNM View
     11.9 Suzlon Energy Limited
             11.9.1 Introduction
             11.9.2 Products & Services
             11.9.3 Key Strategy
             11.9.4 Developments
             11.9.5 SWOT Analysis
             11.9.6 MNM View
     11.10 Vestas Wind Systems A/S
             11.10.1 Introduction
             11.10.2 Products & Services
             11.10.3 Key Strategy
             11.10.4 Developments
             11.10.5 SWOT Analysis
             11.10.6 MNM View
             11.10.7 Introduction
     11.11 General Electric Company.
             11.11.1 Introduction
             11.11.2 Products & Services
             11.11.3 Key Strategy
             11.11.4 Developments
             11.11.5 SWOT Analysis
             11.11.6 MNM View
     11.12 China National Materials Company Limited (Sinoma)
             11.12.1 Business Overview
             11.12.2 Products & Services
             11.12.3 Key Strategy
             11.12.4 Recent Developments
             11.12.5 SWOT Analysis
             11.12.6 MNM View
 
 
List of Tables (75 Tables) 
 
Table 1 Net Electricity Generation, By Region, 2009–2013 (Terawatt-Hours)
Table 2 Global Wind Energy Cumulative Installed Capacity, By Country, 2009–2013 (MW)
Table 3 Cost Benefits and Favorable Policy Structures Are Propelling the Growth of Wind Turbine Rotor Blade  Market
Table 4 High Initial Investment of Wind Turbines Restrain Market Growth
Table 5 Average Annual Investment in Wind Energy Sector, 2000-13 to 2031-35 ($ Billion)
Table 6 Projections for Repowering Demand, Annual and Cumulative (MW)
Table 7 Future Growth Projections for Wind Energy Generation and ‘Repowering’ of Existing Projects Present Opportunities for Wind Turbine Rotor Blade Market
Table 8 Localized Regulatory Hurdles and Opposition to Wind Farms in Some Communities is A Challenge for Wind Energy Industry
Table 9 Characteristics  of Carbon Fiber
Table 10 Characteristics  of Glass Fiber
Table 11 Wind Turbine Blade Market Size, By Material, 2012–2019 ($Million)
Table 12 Wind Turbine Market Size, By Blade Material, 2012–2019 (Metric Tons)
Table 13 Glass Fiber Material Market Size, By Region, 2012–2019 ($Million)
Table 14 Glass Fiber Material Market Size, By Region, 2012–2019 (Metric Tons)
Table 15 Carbon Fiber Material Market Size, By Region, 2012–2019 ($Million)
Table 16 Carbon Fiber Material Market Size, By Region, 2012–2019 (Metric Tons)
Table 17 Middle East & Africa: Wind Turbine Blade Market Size, By Material, 2012–2019 ($Million)
Table 18 Middle East & Africa: Wind Turbine Blade  Market Size, By Material, 2012–2019 (Metric Tons)
Table 19 Asia-Pacific: Wind Turbine Blade Market Size,  By Material, 2012–2019 ($Million)
Table 20 Asia-Pacific: Wind Turbine  Blade Market Size, By Material, 2012–2019 (Metric Tons)
Table 21 Europe: Wind Turbine Blade Market Size,  By Material, 2012–2019 ($Million)
Table 22 Europe: Wind Turbine Blade Market Size,  By Material, 2012–2019 (Metric Tons)
Table 23 North America: Wind Turbine Blade Market Size, By Material, 2012–2019 ($Million)
Table 24 North America: Wind Turbine Blade Market Size, By Material, 2012–2019 (Metric Tons)
Table 25 South America: Wind Turbine Market Size, By Material, 2012–2019 ($Million)
Table 26 South America: Wind Turbine Blade Market Size, By Material, 2012–2019 (Metric Tons)
Table 27 Wind Turbine Blade Market Size, By Blade Length, 2012-2019 ($Million)
Table 28 Wind Turbine Blade Market Size, By Blade Length, 2012-2019 (Number of Blades)
Table 29 <27 Meter- Wind Turbine Blade Length Market Size, By Region, 2012–2019 (Units)
Table 30 27-37 Meter-Wind Turbine Blade Length Market Size, By Region, 2012–2019 (Number of Blades)
Table 31 38-50 Meter-Wind Turbine Blade Length Market Size, By Region, 2012–2019 (Number of Blades)
Table 32 >50- Wind Turbine Blade Length Market Size, By Region, 2012–2019 (Number of Blades)
Table 33 Middle East & African Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 34 Asian Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 35 European Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 36 North American Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 37 South American Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 38 Wind Turbine  Blade Market Size, Byregion, 2012–2019 ($Million)
Table 39 Annual Installed Wind Energy Market Size, By Region, 2012-2019 (MW)
Table 40 Cumulative Wind Energy Market Size, By Region 2012- 2019 (MW)
Table 41 Wind Turbine Blade Market Size, By Region, 2012–2019 (Number of Blades)
Table 42 Middle East and Africa: Annual Wind Energy Market Size, By Country 2012-2019 (MW)
Table 43 Middle East and Africa: Cumulative Wind Energy Market Size, By Country 2012-2019 (MW)
Table 44 Middle East and Africa: Wind Turbine Blade Market Size, By Country, 2012–2019 (Number of Blades)
Table 45 South Africa: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 46 Others: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 47 Asia-Pacific: Annual Wind Energy Market Size, By Countries, 2012-2019 (MW)
Table 48 Asia-Pacific: Cumulative Wind Turbine Blade  Market Size, By Country, 2012-2019 (MW)
Table 49 Asia-Pacific: Wind Turbine Blade  Market Size, By Country, 2012-2019 (Number of Blades)
Table 50 China: Wind Turbine Blade  Market Size, By Blade Length, 2012-2019 (Number of Blades)
Table 51 India: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 52 Australia: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 53 Other Countries: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 54 Europe: Annual Wind Energy Market Size, By Country, 2012-2019 (MW)
Table 55 European Cumulative Wind Turbine Blade Market Size, By Country, 2012–2019 (MW)
Table 56 European Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 57 Germany: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 58 Spain: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 59 U.K.: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 60 Others: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 61 North America: Annual Wind Energy Market Size, By Country, 2012-2019 (MW)
Table 62 North America Cumulative: Wind Energy Market Size, By Country 2012-2019 (MW)
Table 63 North America: Wind Turbine Blade Market Size, By Country, 2012–2019 (Number of Blades)
Table 64 U.S.: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 65 Others: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 66 South America: Annual Wind Energy Market Size, By Country,  2012-2019 (MW)
Table 67 South America Cumulative: Wind Energy Market Size, By Country, 2012-2019 (MW)
Table 68 South America: Wind Turbine Blade Market Size, By Country, 2012–2019 (Number of Blades)
Table 69 Brazil: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 70 Others: Wind Turbine Blade Market Size, By Blade Length, 2012–2019 (Number of Blades)
Table 71 Contracts and Agreements, 2012-2014
Table 72 New Product/Service Launches, 2012-2014
Table 73 Expansion, 2012-2014
Table 74 Mergers & Acquisitions, 2012-2014
Table 75 Other Developments, 2012-2014
 
 
List of Figures (57 Figures) 
 
Figure 1 Wind Turbine Rotor Blade Market: Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Breakdown of Primary Sources: By Company Type, Region and Designation
Figure 5 Data Triangulation Methodology
Figure 6 Wind Turbine Rotor Blade Market Size, By Blade Length, 2014-2019 ($Million)
Figure 7 Wind Turbine Rotor Blade Market, By Blade Length, 2013
Figure 8 Wind Turbine Rotor Blade Market Share, By Region, 2014
Figure 9 offshore Wind Power Generation offer Lucrative Opportunity
Figure 10 The Demand for Blade Length Between 38-50 Meters Will Be Highest
Figure 11 China Expected to Capture the Lion’s Share in the Asia-Pacific Market
Figure 12 Asia-Pacific to Remain the Largest and Fastest Growing Market, Due to Decline in the U.S. and Europe Market
Figure 13 Developing Economies to Grow Faster Than the Developed Economies 
Figure 14 Major Share of the Total Market Growth Would Come From Rotor Blade With Average Length Between 38-50 Meters, Between 2014–2019
Figure 15 China to Have the Largest Share in Emerging Economies of the Asia-Pacific Region
Figure 16 Markets in India and China  Soon to Enter Exponential Growth Phase During the forecast Period 
Figure 17 Annual New Wind Energy Installed Capacity, By Top 10 Countries, 2012–2013 (MW)
Figure 18 Market Segmentation of Wind Turbine Rotor Blades
Figure 19 Segmentation of Wind Turbine Rotor Blades, By Materials
Figure 20 Segmentation of Wind Turbine Rotor Blades, By Blade Length
Figure 21 Segmentation of Wind Turbine Rotor Blades, By Geography
Figure 22 Market Dynamics of Wind Turbine Rotor Blade
Figure 23 Value Chain Analysis: Major Value is Added During Manufacture and Installation Phase
Figure 24 Porter’s Five forces Analysis
Figure 25 Wind Turbine Blade Market (Value), By Material, 2013
Figure 26 Wind Turbine Blade Market, By Blade Length, 2013
Figure 27 Wind Turbine Blade Market, 2012-2019 (No. of Blades)
Figure 28 Annual Wind Energy Market Share, By Region, 2013
Figure 29 Middle East & African Annual Wind Energy Market Share, By Country,  2013
Figure 30 Asia-Pacific Annual Wind Energy Market Share By Country, 2013
Figure 31 Europe Annual Wind Energy Market Share By Country, 2013
Figure 32 North American Annual Wind Energy Market Share By Country, 2013
Figure 33 South American Annual Wind Energy Market Share By Country, 2013
Figure 34 Companies Adopted Partnership/Agreements/Collaborations as the Key Growth Strategy Over the Last Three Years
Figure 35 Market Leaders: Signing New Contracts & Agreements and New Product Development Key to Maintain Leadership Position
Figure 36 Battle for Market Share: Contracts and Agreements is the Key Strategy
Figure 37 Acciona SA: Company Snapshot
Figure 38 Acciona SA: SWOT Analysis
Figure 39 Enercon GMBH: Company Snapshot
Figure 40 Gamesa S.A.: Company Snapshot
Figure 41 Gamesa S.A.: SWOT Analysis
Figure 42 Nordex SE: Company Snapshot
Figure 43 Powerblades GMBH: Business Overview
Figure 44 SGL: Business Overview
Figure 45 Siemens AG: Company Snapshot
Figure 46 Siemens AG: SWOT Analysis
Figure 47 Sinoi GMBH: Company Snapshot
Figure 48 Sinoi GMBH: SWOT Analysis
Figure 49 Suzlon Energy Limited: Company Snapshot
Figure 50 Suzlon Energy Limited: SWOT Analysis
Figure 51 Vestas Wind Systems A/S: Company Snapshot
Figure 52 Vestas Wind Systems A/S: SWOT Analysis
Figure 53 Geographic Revenue Mix of Top 5 Market Players
Figure 54 General Electric: Company Snapshot
Figure 55 General Electric: SWOT Analysis
Figure 56 Sinoma: Business Overview
Figure 57 SWOT Analysis

The wind turbine rotor blade market is expected to grow at a CAGR of 9.2% from 2014 to 2019. Rising electricity demand, support from government policies, and reducing costs of wind power generation are the major drivers for this market. The most commonly used turbines in the past few years have a capacity of 1.5 to 2.5 MW, for which the blade length varies between 38-50 meters.

The wind turbine rotor blade market is estimated to witness large-scale investments in wind power projects, creating healthy opportunities for market growth. According to projections made by the International Energy Agency (IEA), global wind energy generation is set to get double by 2018, accounting for nearly 25% of all electricity generated in the world, making it the fastest growing among all other renewable energy options.

The wind turbine rotor blade market was segmented on the basis of material, blade length, and region. The market segmentation on the basis of material types includes glass fiber and carbon fiber, whereas blade length includes blades <27 meters, between 27-37 meter, between 38-50 meter, and blade length >50 meters. The regional segmentation of the market includes Asia-Pacific, Europe, North America, South America and the Middle East and Africa.

Wind Turbine Rotor Blade Market Size, by Region, 2012-2019 (MW)

Wind Turbine Rotor Blade Market

Source: Secondary Research and MarketsandMarkets Analysis

In 2014, Asia-Pacific was the largest market for wind turbine rotor blade and it is estimated to grow at the fastest CAGR as well. In 2014, Asia-Pacific is expected to be the largest market for wind turbine rotor blade and is estimated to grow at the highest CAGR. The key players of wind turbine rotor blade prefer contracts and agreements, new product developments, and mergers and acquisitions strategies to garner a larger share in the market. The leading wind turbine rotor blade manufacturers are focusing on the emerging countries that are estimated to show potential demand for wind power generation in the near future.

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