Global Demand for Wind Turbine Materials to Grow Rapidly

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Frost & Sullivan expect the market to nearly double by 2026

Official Press Release Frost & Sullivan:

Global Focus on Renewable Energy Creates Tremendous Growth Prospects for Wind Turbine Materials

Innovation and increased government spending will push the market to nearly double by 2026, finds Frost & Sullivan

The increasing demand for energy worldwide and traditional energy independence due to volatile oil prices is encouraging governments throughout the world to harness the potential of renewable energy, driving the global market for wind turbine materials. Expanding at a compound annual growth rate (CAGR) of 8.9%, the wind turbine materials market is likely to almost double, reaching $19.57 billion by 2026 from $10.76 billion in 2019. “With the increasing population and economic development, global energy demand is rising rapidly. Many countries across the globe have been experiencing an energy gap, which is being... ... More: Official Press Release Frost & Sullivan

Frost & Sullivan, double, market, wind turbine, material, supply, component, turbine, growth, government, renewable energy

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