Report Excerpt - Global Trends and Forcasts for the Wind Turbine Rotor Blade Market

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) / Source: Secondary Research and 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

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