Global wind turbine market, a rapidly growing market segment of global renewable energy, has recorded a double digit annual growth in the past ten years and the market is expected to maintain this growth till 2016 by reinstalling and adding new generation turbines as well as increasing the size and efficiency of the turbines. In 2010, 37,462 megawatts (MW) of wind turbines were installed bringing the worldwide wind power capacity to around 196,853 MW.

Rotor blade being a major and measurable component of wind turbine also saw a similar growth witnessed by the overall wind industry. This report estimated size of global wind turbine rotor blade market to be worth $6.8 billion for 2010. Asia-Pacific was identified as the largest market with market size of $3.2 billion. China is the fastest growing market for blades. Favorable policies and regulations in the country increased the investments in wind power; which resulted in more than 100% growth rate. Since 2003, the country’s annual wind power installations started to grow by more than 100% and scored a 112% CAGR during 2003 to 2010.

Out of the total number of blades installed in 2010, 55% blades were with blade length ranging from 38 to 50 meters. This market share will increase to 62% by 2016 owing to the trend of increasing average blade size. Wind farm developers are moving towards bigger turbines to reduce the cost of wind energy. With increase in size of wind turbine, installation cost per kW also reduces. Trend of increasing turbine size generated the requirement for bigger blades. Further, to increase the sweep area, the blade size is again increasing since more sweep area can create more energy without changing the location of the turbine.

Currently, most of the market share is captured by only few players and they are enjoying long term supply contract from turbine manufacturers and farm developers. However, rapid growth of the wind rotor blade market is expected to bring forth opportunities such as market for carbon fiber as well as challenges such as blade testing infrastructure for the key players in the market. The world's leading rotor blade manufacturers for wind energy industry are found to closely monitor competitive activities in an attempt to navigate the landscape more efficiently and garner higher market share. In virtually every respect, these producers are seeking to establish a tangible competitive advantage in the marketplace through the implementation of innovative strategies and creative product development capabilities.

Installation of wind turbine requires huge initial investment and blades account for 18%-22% of the total cost. To ensure reliability of blades over its lifecycle that is usually 20 years, blades’ prototypes are sent for testing before starting their mass production. It minimizes the chances of blade failure in the field during its lifecycle. Testing becomes more crucial if length of blade increases. Turbines with blade size of more than 60 meters have already been installed and blades with 90 meters length are in developmental phase. The markets of Europe and Americas have developed test facilities infrastructure but Asia-Pacific lacks in it. This report includes market estimation for blade testing market in both number of blades and value for each year from 2011 to 2016.

The report also discusses market opportunities of materials used for blade manufacturing such as glass fiber and carbon fiber. Glass fiber is used nearly in all the blades while carbon fiber is only preferred in longer blades. Carbon fiber offers better properties with lighter weight as compared to glass fiber but due to higher cost it is only used in selected parts with glass fiber. Since average blade size is increasing, the percentage of carbon fiber in blades is also growing and thus carbon fiber has better future growth rate prospects with predominantly used glass fiber.

MARKETS COVERED

This report segments the wind rotor blade market on the basis of geographies, materials and blade testing. Each market is analyzed in terms of units and value; and forecasted for 2011-2016.

Geography: Americas, Europe and Asia Pacific and major countries in those regions such as U.S., Germany, Spain, Italy, France, UK and China. For China, a separate chapter is put into the report.

Material: Materials used for blade manufacturing such as fibers like glass fiber and carbon fiber, and resins like polyester, epoxy and Vinyl.

Blade Testing: Type of test, cost, time, testing facilities and market estimation.

STAKEHOLDERS

The intended audience of this report includes:

• Wind turbine rotor blade manufacturers
• Raw material suppliers
• Wind turbine component suppliers
• Wind firm developers and investors
• Wind energy investors
• Government agencies and industry associations

TABLE OF CONTENTS

1 INTRODUCTION
  1.1 KEY TAKE-AWAYS
  1.2 REPORT DESCRIPTION
  1.3 MARKETS COVERED
  1.4 STAKEHOLDERS
  1.5 KEY QUESTIONS ANSWERED
  1.6 RESEARCH METHODOLOGY
      1.6.1 MARKET SIZE
      1.6.2 DATA FROM SECONDARY SOURCES
      1.6.3 KEY DATA POINTS FROM PRIMARY SOURCES
      1.6.4 ASSUMPTIONS MADE FOR THIS REPORT

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW
  3.1 GLOBAL WIND ENERGY SCENARIO
  3.2 MARKET OVERVIEW: GLOBAL WIND TURBINE ROTOR BLADE
      3.2.1 GLOBAL WIND TURBINE BLADE MARKET,  BY BLADE LENGTH
  3.3 BURNING ISSUES
      3.3.1 USE OF EXPENSIVE MATERIAL (CARBON FIBER) IN LARGE BLADES
      3.3.2 TRANSPORTATION OF BLADES
      3.3.3 INADEQUATE ELECTRICITY TRANSMISSION INFRASTRUCTURE
      3.3.4 VARIABILITY IN WIND SPEED
  3.4 MARKET METRICS
      3.4.1 DRIVERS
            3.4.1.1 Supportive regulatory environment
            3.4.1.2 Utility scale generation
      3.4.2 RESTRAINTS
            3.4.2.1 Capital intensive
      3.4.3 OPPORTUNITIES
            3.4.3.1 Growing investment in wind energy
  3.5 WINNING IMPERATIVES
      3.5.1 INCREASING SIZE OF WIND BLADE
      3.5.2 INCREASING MANUFACTURING CAPACITY
  3.6 WIND BLADE COST ANALYSIS
  3.7 MANUFACTURING TECHNOLOGY
      3.7.1 INFUSION PROCESS
      3.7.2 PREPREG PROCESS
      3.7.3 INFUSION VS PREPREG
  3.8 MAINTENANCE & REPAIR
  3.9 VALUE CHAIN ANALYSIS
      3.9.1 MATERIALS
      3.9.2 BLADE MANUFACTURERS
      3.9.3 TRANSPORTATION
      3.9.4 BLADE MOUNTING
  3.10 PORTER’S FIVE FORCES ANALYSIS
      3.10.1 BARRIERS TO ENTRY
      3.10.2 THREAT FROM SUPPLIERS
      3.10.3 THREAT FROM SUBSTITUTES
      3.10.4 THREAT FROM BUYERS
      3.10.5 DEGREE OF COMPETITION
  3.11 PATENT ANALYSIS

4 CHINA: DRIVING THE ROTOR BLADE MARKET
  4.1 INTRODUCTION
  4.2 POLICIES & REGULATIONS
      4.2.1 WIND POWER CONCESSION POLICY
      4.2.2 WIND TURBINE: 70% DOMESTIC CONTENTS
      4.2.3 RENEWABLE ENERGY LAW 2005
      4.2.4 MEDIUM & LONG TERM DEVELOPMENT PLAN
      4.2.5 RENEWABLE ENERGY PREMIUM
      4.2.6 VALUE ADDED TAX (VAT)
      4.2.7 RENEWABLE ENERGY LAW AMENDMENT 2009

5 GLOBAL ROTOR BLADE TESTING MARKET
  5.1 INTRODUCTION
  5.2 TYPES OF WIND ROTOR BLADE TESTS
  5.3 COST OF WIND ROTOR BLADE TESTING
  5.4 GLOBAL WIND ROTOR BLADE TESTING FACILITIES
  5.5 GLOBAL WIND ROTOR BLADE TESTING MARKET
      5.5.1 WIND ROTOR BLADE CERTIFICATION – OVERVIEW

6 GLOBAL WIND ROTOR BLADE MARKET, BY MATERIALS
  6.1 INTRODUCTION
  6.2 ROTOR BLADE MATERIAL MARKET – OVERVIEW
  6.3 GLOBAL FIBER MARKET FOR WIND TURBINE BLADES
      6.3.1 GLASS FIBER
      6.3.2 CARBON FIBER
  6.4 RESINS
      6.4.1 EPOXY RESINS
      6.4.2 VINYL RESINS
      6.4.3 POLYESTER RESINS

7 WIND ROTOR BLADE MARKET, BY GEOGRAPHY
  7.1 MARKET OVERVIEW
  7.2 AMERICAS
      7.2.1 WIND ENERGY SCENARIO
      7.2.2 WIND TURBINE BLADE MARKET
      7.2.3 U.S.: WIND ENERGY MARKET
            7.2.3.1 U.S. policies & regulations
                    7.2.3.1.1 Renewable energy tribal land’s grant
                    7.2.3.1.2 Energy Improvement and Extension Act 2008 – Tax incentives
  7.3 ASIA-PACIFIC
      7.3.1 WIND ENERGY SCENARIO
      7.3.2 WIND ROTOR BLADE MARKET
      7.3.3 INDIA – REGULATIONS
            7.3.3.1 Generation based incentives
            7.3.3.2 Feed-in Tariffs
  7.4 EUROPE
      7.4.1 WIND ENERGY SCENARIO
      7.4.2 WIND ROTOR BLADE MARKET
      7.4.3 POLICIES & REGULATIONS
            7.4.3.1 Germany
                    7.4.3.1.1 Amendment of the Renewable Energy Sources Act 2009
            7.4.3.2 Spain
                    7.4.3.2.1 Offshore wind power regulations
                    7.4.3.2.2 Feed-in tariffs
            7.4.3.3 Italy
            7.4.3.4 France
            7.4.3.5 UK
  7.5 REST OF THE WORLD
      7.5.1 WIND ENERGY SCENARIO
      7.5.2 WIND ROTOR BLADE MARKET

8 COMPETITIVE LANDSCAPE
  8.1 MERGERS & ACQUISITIONS
  8.2 NEW PRODUCTS, RESEARCH & DEVELOPMENTS
  8.3 PARTNERSHIP/COLLABORATION/JOINT VENTURE
  8.4 GEOGRAPHY & PRODUCTION EXPANSIONS
  8.5 INVESTMENTS
  8.6 OTHER DEVELOPMENTS

9 COMPANY PROFILES
  9.1 ACCIONA S.A.
      9.1.1 OVERVIEW
      9.1.2 PRODUCTS & SERVICES
      9.1.3 FINANCIALS
      9.1.4 STRATEGY
      9.1.5 DEVELOPMENTS
  9.2 AEROBLADE
      9.2.1 OVERVIEW
      9.2.2 PRODUCTS & SERVICES
      9.2.3 FINANCIALS
      9.2.4 STRATEGY
      9.2.5 DEVELOPMENTS
  9.3 DEWIND CO
      9.3.1 OVERVIEW
      9.3.2 PRODUCTS & SERVICES
      9.3.3 FINANCIALS
      9.3.4 STRATEGY
      9.3.5 DEVELOPMENTS
  9.4 ENERCON GMBH
      9.4.1 OVERVIEW
      9.4.2 PRODUCTS & SERVICES
      9.4.3 FINANCIALS
      9.4.4 STRATEGY
      9.4.5 DEVELOPMENTS
  9.5 EUROS ENTWICKLUNGSGESELLSCHAFT FÜR WINDKRAFTANLAGEN MBH
      9.5.1 OVERVIEW
      9.5.2 PRODUCTS & SERVICES
      9.5.3 FINANCIALS
      9.5.4 STRATEGY
      9.5.5 DEVELOPMENTS
  9.6 FLEXSYS INC
      9.6.1 OVERVIEW
      9.6.2 PRODUCTS & SERVICES
      9.6.3 FINANCIALS
      9.6.4 STRATEGY
      9.6.5 DEVELOPMENTS
  9.7 GAMESA CORPORACION TECNOLOGICA
      9.7.1 OVERVIEW
      9.7.2 PRODUCTS & SERVICES
      9.7.3 FINANCIALS
      9.7.4 STRATEGY
      9.7.5 DEVELOPMENTS
  9.8 GUODIAN UNITED POWER TECHNOLOGY CO. LTD
      9.8.1 OVERVIEW
      9.8.2 PRODUCTS & SERVICES
      9.8.3 FINANCIALS
      9.8.4 STRATEGY
      9.8.5 DEVELOPMENTS
  9.9 INOX WIND LTD
      9.9.1 OVERVIEW
      9.9.2 PRODUCTS & SERVICES
      9.9.3 FINANCIALS
      9.9.4 STRATEGY
      9.9.5 DEVELOPMENTS
  9.10 KM CO. LTD
      9.10.1 OVERVIEW
      9.10.2 PRODUCTS & SERVICES
      9.10.3 FINANCIALS
      9.10.4 STRATEGY
      9.10.5 DEVELOPMENTS
  9.11 LM WIND POWER HOLDING A/S
      9.11.1 OVERVIEW
      9.11.2 PRODUCTS & SERVICES
      9.11.3 FINANCIALS
      9.11.4 STRATEGY
      9.11.5 DEVELOPMENTS
  9.12 MITSUBISHI POWER SYSTEMS AMERICAS
      9.12.1 OVERVIEW
      9.12.2 PRODUCTS & SERVICES
      9.12.3 FINANCIALS
      9.12.4 STRATEGY
      9.12.5 DEVELOPMENTS
  9.13 MOLDED FIBER GLASS COMPANIES
      9.13.1 OVERVIEW
      9.13.2 PRODUCTS & SERVICES
      9.13.3 FINANCIALS
      9.13.4 STRATEGY
      9.13.5 DEVELOPMENTS
  9.14 NORDEX S.E.
      9.14.1 OVERVIEW
      9.14.2 PRODUCTS & SERVICES
      9.14.3 FINANCIALS
      9.14.4 STRATEGY
      9.14.5 DEVELOPMENTS
  9.15 POWERBLADES GMBH
      9.15.1 OVERVIEW
      9.15.2 PRODUCTS & SERVICES
      9.15.3 FINANCIALS
      9.15.4 STRATEGY
      9.15.5 DEVELOPMENTS
  9.16 SGL ROTEC GMBH & CO. KG
      9.16.1 OVERVIEW
      9.16.2 PRODUCTS & SERVICES
      9.16.3 FINANCIALS
      9.16.4 STRATEGY
      9.16.5 DEVELOPMENTS
  9.17 SIEMENS WIND POWER A/S
      9.17.1 OVERVIEW
      9.17.2 PRODUCTS & SERVICES
      9.17.3 FINANCIALS
      9.17.4 STRATEGY
      9.17.5 DEVELOPMENTS 
  9.18 SINOI GMBH
      9.18.1 OVERVIEW
      9.18.2 PRODUCTS & SERVICES
      9.18.3 FINANCIALS
      9.18.4 STRATEGY
      9.18.5 DEVELOPMENTS
  9.19 SINOMATECH WIND POWER BLADE CO. LTD
      9.19.1 OVERVIEW
      9.19.2 PRODUCT & SERVICES
      9.19.3 FINANCIALS
      9.19.4 STRATEGY
      9.19.5 DEVELOPMENTS
  9.20 SUZLON ENERGY LTD
      9.20.1 OVERVIEW
      9.20.2 PRODUCTS & SERVICES
      9.20.3 FINANCIALS
      9.20.4 STRATEGY
      9.20.5 DEVELOPMENTS
  9.21 TECNOLOGIA E SISTEMAS AVANCADOS LTDA (TECSIS)
      9.21.1 OVERVIEW
      9.21.2 PRODUCT PORTFOLIO
      9.21.3 FINANCIALS
      9.21.4 STRATEGY
      9.21.5 DEVELOPMENTS
  9.22 TPI COMPOSITES INC
      9.22.1 OVERVIEW
      9.22.2 PRODUCTS & SERVICES
      9.22.3 FINANCIALS
      9.22.4 STRATEGY
      9.22.5 DEVELOPMENTS
  9.23 VESTAS WIND SYSTEMS A/S
      9.23.1 OVERVIEW
      9.23.2 PRODUCTS & SERVICES
      9.23.3 FINANCIALS
      9.23.4 STRATEGY
      9.23.5 DEVELOPMENTS
  9.24 WUXI TURBINE BLADE CO. LTD
      9.24.1 OVERVIEW
      9.24.2 PRODUCTS & SERVICES
      9.24.3 FINANCIALS
      9.24.4 STRATEGY
      9.24.5 DEVELOPMENTS
  9.25 ZHONG HANG HUITENG WIND POWER EQUIPMENT CO. LTD
      9.25.1 OVERVIEW
      9.25.2 PRODUCTS & SERVICES
      9.25.3 FINANCIALS
      9.25.4 STRATEGY
      9.25.5 DEVELOPMENTS

APPENDIX
  U.S. PATENTS
  EUROPE PATENTS
  JAPAN PATENTS

LIST OF TABLES

TABLE 1 WIND TURBINE ROTOR BLADE MARKET, BY GEOGRAPHY, 2009 – 2016 ($MILLION)
TABLE 2 GROWING ELECTRICITY CONSUMPTION, BY COUNTRIES, 2005 – 2008 (BILLION KWH)
TABLE 3 WIND ENERGY CONSUMPTION, BY COUNTRIES, 2005 – 2009 (BILLION KWH)
TABLE 4 INSTALLED WIND TURBINE CAPACITY, BY GEOGRAPHY, 2007 – 2010 (MW)
TABLE 5 GLOBAL WIND TURBINE BLADE MARKET, BY BLADE LENGTH, 2009 – 2016 (UNITS)
TABLE 6 GLOBAL WIND TURBINE BLADE MARKET, BY BLADE LENGTH (MW)
TABLE 7 PRICE COMPARISON: GLASS FIBER VS CARBON FIBER
TABLE 8 DEVELOPMENTS IN BATTERY STORAGE SYSTEM
TABLE 9 INVESTMENTS: BY INVESTOR, COUNTRIES & APPLICATIONS, OCTOBER 2010 – NOVEMBER 2010
TABLE 10 BLADE COST, BY MANUFACTURING PROCESS, 2009
TABLE 11 COMPARISON :INFUSION VS PREPREG MOLDING PROCESS
TABLE 12 U.S.: PATENTS ON WIND TURBINE BLADES, BY COMPANIES, 2007 – 2010
TABLE 13 EUROPE: PATENTS ON WIND TURBINE BLADES, BY COMPANIES, 2007 – 2010
TABLE 14 NUMBER OF PATENTS FOR WIND TURBINE BLADE, BY COUNTRIES, 2007 – 2010
TABLE 15 CHINA: RENEWABLE ENERGY SCENARIO, 2010
TABLE 16 CHINA: ELECTRICITY PRODUCTION, BY SOURCES, 2009
TABLE 17 WIND POWER: CHINA VS OTHER COUNTRIES, 2006 – 2010
TABLE 18 WIND ROTOR BLADE: TEST FACILITIES, LOCATIONS & CAPABILITIES
TABLE 19 CERTIFICATIONS, BY ASSIGNEE,  2008 – 2010 (NO. OF BLADES)
TABLE 20 ANNUAL BLADE INSTALLATIONS (MW) VS MATERIAL MARKET FOR BLADES (METRIC TONS), 2007 – 2010
TABLE 21 AVERAGE BLADE LENGTH & WEIGHT, 2007 – 2016
TABLE 22 GLOBAL MATERIAL MARKET FOR WIND TURBINE BLADE, BY TYPE OF MATERIALS,  2009 – 2016 (METRIC TONS)
TABLE 23 TECHNICAL PROPERTIES OF VARIOUS COMPOSITES
TABLE 24 TECHNICAL COMPARISON – GLASS FIBER VS CARBON FIBER
TABLE 25 GLOBAL FIBERS MARKET FOR WIND TURBINE BLADE, BY TYPES, 2009 – 2016 (METRIC TONS)
TABLE 26 GLOBAL FIBER MARKET FOR WIND TURBINE BLADE, BY TYPES, 2009 – 2016 ($MILLION)
TABLE 27 GLOBAL GLASS FIBER MARKET – SUPPLY VS DEMAND, 2008 – 2011 (MILLION METRIC TONS)
TABLE 28 GLOBAL GLASS FIBER MARKET – CAPACITY VS DEMAND, 2008 – 2011 ($MILLION)
TABLE 29 CHINA’S GLASS FIBER MARKET: SUPPLY VS DEMAND, 2007 – 2010 (MILLION METRIC TONS)
TABLE 30 CHINA: GLASS FIBER PRODUCERS – PRODUCTS & CAPACITIES, 2009 (METRIC TONS)
TABLE 31 GLASS FIBER MARKET FOR WIND ROTOR BLADES, BY GEOGRAPHY, 2009 – 2016 (METRIC TONS)
TABLE 32 GLASS FIBER MARKET FOR WIND ROTOR BLADES, BY GEOGRAPHY, 2009 – 2016 ($MILLION)
TABLE 33 PROS & CONS: CARBON FIBER OVER GLASS FIBER
TABLE 34 BLADE WEIGHT (KG) VS BLADE LENGTH (METER) OF GLASS FIBER & CARBON FIBER MATERIALS
TABLE 35 GLOBAL CARBON FIBER MARKET, BY APPLICATIONS, 2009 – 2016 (METRIC TONS)
TABLE 36 CARBON FIBER ENERGY & INDUSTRIAL MARKET, BY APPLICATIONS, 2009 – 2019 (METRIC TONS)
TABLE 37 PRODUCTION CAPACITY, BY MANUFACTURERS, 2008 – 2011 (METRIC TONS)
TABLE 38 RESIN MATERIALS & THEIR CHARACTERISTICS
TABLE 39 WIND TURBINE BLADE MARKET, BY GEOGRAPHY, 2009 – 2016 (NO. OF BLADES)
TABLE 40 WIND ROTOR BLADE MARKET,  BY GEOGRAPHY, 2009 – 2016 ($MILLION)
TABLE 41 AMERICAS: ELECTRICITY GENERATION, BY TOP COUNTRIES, 2009 (GWH)
TABLE 42 TOP 10 COUNTRIES IN AMERICAS, BY INSTALLED WIND POWER CAPACITY, 2010
TABLE 43 TOP 10 COUNTRIES IN AMERICAS, BY ANNUAL WIND POWER INSTALLATIONS, 2006 – 2010 (MW)
TABLE 44 AMERICAS: WIND TURBINE BLADE MARKET, 2009 – 2016
TABLE 45 WIND POWER POTENTIAL IN LATIN AMERICA, BY COUNTRIES (MW)
TABLE 46 ASIA-PACIFIC: ELECTRICITY GENERATION OF TOP COUNTRIES, 2009 (GWH)
TABLE 47 ASIA-PACIFIC: TOP 10 COUNTRIES, BY INSTALLED CAPACITIES, 2010
TABLE 48 ASIA-PACIFIC: TOP 10 COUNTRIES, BY ANNUAL INSTALLATIONS, 2006 – 2010 (MW)
TABLE 49 ASIA-PACIFIC: WIND TURBINE BLADE MARKET, 2009 – 2016
TABLE 50 ASIA-PACIFIC: WIND POWER POTENTIAL, BY COUNTRIES (MW)
TABLE 51 INDIA: ELIGIBILITY FOR FEED-IN TARIFFS
TABLE 52 EUROPE: ELECTRICITY GENERATION OF TOP COUNTRIES, 2009 (GWH)
TABLE 53 EUROPE: TOP 10 COUNTRIES, BY INSTALLED CAPACITIES, 2010
TABLE 54 EUROPE: TOP 10 COUNTRIES, BY ANNUAL INSTALLATION, 2006 – 2010 (MW)
TABLE 55 EUROPE: GROWTH IN ANNUAL INSTALLATIONS, BY COUNTRIES, 2009 – 2010 (MW)
TABLE 56 BLADE SIZE, BY GEOGRAPHY, 2009 – 2010 (METERS)
TABLE 57 EUROPE: WIND ROTOR BLADE MARKET, 2009 – 2016
TABLE 58 GERMANY: FEED-IN TARIFF FOR EXISTING WIND PLANTS
TABLE 59 ITALY: ELIGIBILITY FOR FINANCIAL INCENTIVES
TABLE 60 ROW: ELECTRICITY STATISTICS OF TOP COUNTRIES, 2009 (GWH)
TABLE 61 ROW: TOP 10 COUNTRIES, BY INSTALLED CAPACITIES, 2010
TABLE 62 ROW: TOP 5 COUNTRIES, BY ANNUAL INSTALLATIONS, 2006 – 2010 (MW)
TABLE 63 ROW: WIND ROTOR BLADE MARKET, 2009 – 2016
TABLE 64 AFRICA: WIND POTENTIAL, BY COUNTRIES (MW)
TABLE 65 AFRICA: UPCOMING PROJECTS
TABLE 66 MERGERS & ACQUISITIONS, FEBRUARY 2011 – JANUARY 2008
TABLE 67 NEW PRODUCTS, RESEARCH & DEVELOPMENTS, MAY 2011 – MAY 2008
TABLE 68 PARTNERSHIPS, COLLABORATIONS, JOINT VENTURES, MARCH 2011 – NOVEMBER 2008
TABLE 69 EXPANSION, JUNE 2011 – JANUARY 2008
TABLE 70 INVESTMENT, OCTOBER 2010 – FEBRUARY 2008
TABLE 71 OTHERS DEVELOPMENTS, APRIL 2011 – APRIL 2008

LIST OF FIGURES

FIGURE 1 WIND POWER INSTALLED CAPACITY, BY TOP 10 COUNTRIES, 2009 – 2010 (MW)
FIGURE 2 GLOBAL WIND BLADE MARKET, 2009 – 2016 (NO. OF BLADES)
FIGURE 3 GLOBAL WIND BLADE MARKET, 2009 – 2016 ($MILLION)
FIGURE 4 MARKET SHARE, BY BLADE LENGTH, 2009 VS 2016
FIGURE 5 INVESTMENT ANNOUNCEMENTS IN WIND ENERGY GLOBALLY, 2010
FIGURE 6 BLADE SIZE, 1980 – 2010
FIGURE 7 COST BREAK-UP FOR ROTOR BLADE, 2010
FIGURE 8 PORTER’S FIVE FORCES ANALYSIS – WIND TURBINE BLADE INDUSTRY
FIGURE 9  CHINA: WIND POWER INSTALLATIONS, 2002 – 2010
FIGURE 10 CHINA’S POLICIES TO SUPPORT WIND POWER – TIMELINE,  2001 – 2010
FIGURE 11 INCREASING ROTOR BLADE LENGTH, BY YEARS, 1985 – 2015 (METER)
FIGURE 12 NEWLY DESIGNED WIND TURBINE BLADES, 2009 – 2016
FIGURE 13 GLOBAL WIND TURBINE BLADE TESTING MARKET, 2009 – 2016 ($MILLION)
FIGURE 14 WIND ROTOR BLADE MATERIALS SHARE, BY WEIGHT
FIGURE 15 MARKET SHARE OF MATERIALS IN GLOBAL WIND TURBINE BLADES MARKET, 2009 VS 2016 (%)
FIGURE 16 PRICE OF COMPOSITES AVAILABLE FOR BLADE MANUFACTURING
FIGURE 17 GLOBAL GLASS FIBER SUPPLIERS MARKET SHARE, 2009
FIGURE 18 CARBON FIBER PRODUCERS MARKET SHARE, 2010
FIGURE 19 CHANGE IN INSTALLED WIND CAPACITY SHARE, BY COUNTRIES, 2006 VS 2010
FIGURE 20 WIND TURBINE BLADE MARKET SHARE, BY GEOGRAPHY, 2009 VS 2016

Global Wind Turbine Rotor Blade Market by Testing, Material, Blade Size, Regulations & Outlook (2011 – 2016)

Energy needs on the global level are growing at fast pace as emerging countries have become the axis of energy demand growth. Increasing price of non-renewable energy sources, growing energy consumption especially from emerging countries, pro-wind regulatory environment for wind projects, and increase in utility scale wind energy generation farms have put the world at 197 GW installed capacity at the end of 2010. In 2010, 37.6 MW of bind turbines were installed, mounted with 70,579 blades, valuing market size of $6.8 billion. Need of alternative energy sources, investments in wind energy, and government subsidies are the main market drivers for wind rotor blade market and responsible for compounded annual growth rate of 13.6% during next five years.

Wind Turbine Rotor Blade Market, Share by Region


*Share of number of blades installed

The wind rotor blade market in Asia-Pacific is identified as the fastest growing region with CAGR of 19.3% from 2011 to 2016. By 2016, wind turbine market for Asia-Pacific will be worth $9.1 billion with annual installation of 93,243 blades. The growth of Asia-Pacific is being led by China, where market is growing in support of internal market drivers such as government support through various subsidies, increasing turbine demand from existing and proposed wind farms and inexpensive raw material availability. As of now, China has presence of all major blade manufacturers with their facilities in the region. Currently the country has presence of more than 50 blade manufacturers and most of them are very small with product portfolio of 1 – 3 small size blades.

The blade size of 38 – 50 meter length has the largest market with global market share of 55% during 2010 and will grow to 62% in 2016. Glass fiber composites are the predominantly used materials in modern blades and approximately 0.15 million metric tons of glass fiber was utilized in blade manufacturing during 2010. Carbon fiber is an upcoming material generally used in blades sizing more than 45 meters. In 2010, estimated 8,160 metric tons of carbon fiber was used for blade manufacturing; which will increase to as much as 2 million metric tons in 2016 with growth rate of 22.9% CAGR during 2011 – 2016.

Blade testing is very crucial to test blade’s reliability during its life cycle and thus create a market for test facilities. Europe is the most mature market with number of test facilities available in the region. In the past few years, blade manufacturing base has shifted from Europe to Asia-Pacific, especially China but Asia-Pacific has the lowest number of test facilities.